Then let's learn more about the business analysis major from the following aspects.
1. What is business analysis?
Business analysis is to transform a large number of complex data into reasonable, clear and manageable information through quantitative methods and application analysis, so as to make a reasonable business plan.
It can be seen that it is an interdisciplinary subject based on data and using statistics and computers as tools to help practitioners in various industries optimize business decisions.
More and more companies, especially some technology companies, such as Google, Facebook and Twitter abroad, Tencent, Baidu, Alibaba and Sina at home, pay more and more attention to data collection and analysis.
Many universities in the United States have their business analysis MS majors in STEM (Science, Technology, Engineering and Mathematics), such as University of Southern California, University of Washington, St. Louis, UCLA and so on.
International students majoring in STEM can get 36 months of OPT (optional training) after graduation, while general business majors only get 12 months of OPT. This undoubtedly provides more opportunities for students who intend to work in the United States in the future to obtain work visas.
2. What achievements, background and planning are needed for business analysis?
Let's look at a picture first, which clearly and intuitively shows the skills Pakistan needs.
Please click to enter a picture description.
It mainly includes three aspects:
Basic knowledge of mathematics: calculus/probability theory/statistics,
Computer skills: programming/computer languages, such as C++, Java, HTML, SQL.
Business skills: business knowledge such as finance/accounting.
1, a prerequisite for applying for BA major.
(1) hard condition
A) TOEFL 105+
b) GMAT 7 10+/GRE
C) the GPA is above 3.7.
D) basic courses
(2) Soft conditions
A) Resume: internship (most important), competitions, community activities and voluntary service.
B) skills: essays, PS
C) Letter of recommendation: one for the internship company and one for the professor.
(3) Others
A) exchange experiences
B) interview (business pays more attention to interview)
C) leadership experience (it is best to talk about your experience in leading a team to turn things around)
D) Performance of teamwork (setting scenarios and checking emotional intelligence)
E) Diversified experience (overseas exchange, volunteers)
F) career goals career development goals (think clearly about what you want to do, plan your future, and have a clear mind)
(4) Project selection: Duke MMS vs MQM
If you are employed abroad, recommend MQM (employment in the United States has advantages); If you return to China, recommend Duke MMS (convenient domestic employment).
2. How to plan and prepare to apply for a master's degree in BA?
1. Time: generally, there are two rounds, the first round is from September to 10, and the second round is from 12 to February of the following year;
2. Be mentally prepared, the process is more painful;
3. TOEFL and GRE can be tested several times if they are not satisfied for the first time;
4. Practice accurately and don't care too much about quantity. (About 3 paragraphs will do) Sophomore summer vacation, junior and senior;
5. Exchange: it can be exchanged during the semester or in the summer. If you are afraid of delaying classes, exchange in the summer vacation;
6. You should also pay attention to choosing a school, do some surveys, and learn about the courses, projects and employment information of the school;
7. Don't touch the club activities in junior year, and concentrate on preparing the application.
Third, business analysis courses
In the United States, different colleges will set up different schools' BA majors.
BA majors in most schools will be set under business schools, such as the Master of Science in Business Analysis at the University of Southern California.
However, some schools, such as Columbia University's Master of Science degree in business analysis, are established under the Polytechnic.
Fourth, the analysis of enterprise employment situation:
After graduating from business analysis, I was mainly employed in finance, consulting, retail, science and technology, medical care, consumption, manufacturing and other industries.
For example, multinational companies, foreign-funded trading companies, Sino-foreign joint ventures and other foreign-related business organizations or foreign trade departments hold positions such as business management, project management analysis, business analyst, system analyst and market analysis.
Financial institutions:
Data monetization has become a hot topic. Organizations are optimistic about the value of internal data. After all, data is gold.
The next step is to cooperate with customers, partners and suppliers to maximize the economic benefits of the collected external data. Therefore, the ability to obtain value from data will become an inseparable part of the strategy in the digital business ecosystem.
Consulting company:
Data analysis is the old line of consulting industry. With the continuous change of technology, the consulting industry increasingly needs talents who can handle integrated big data to better serve customers. In today's hot data talents, the salary of consulting companies is also soaring.
Areas/cities with high demand for BA include: San Francisco, Los Angeles, Seattle, new york, Austin+Dallas, Chicago, Boston, etc.