Big Data and the Demand for Business Analytics Talent
So what can these Buzzwords Mean for Someone Seeking their MBA?
Many MBAs coming out of business school today want to work in big data. Luckily, careers in big data and business analytics are booming right now. In fact, strategy consulting firm Accenture estimates that the U.S. could see demand for analytics talent outstrip supply by more than 250,000 positions this year alone. That means that now’s a better time than ever to look into seeking an MBA program or concentration with some digital-savvy.
According to Business Because, companies like Bain & Co and Google are desperate to hire candidates who’ve mastered business analytics and are looking to business schools to fill gaps in supply by funding programs and teaching initiatives.
Students who are familiar with digital skills “have a competitive advantage” in the consultancy market, according to Stephane Ponce, global consulting lead at INSEAD. “They want to find a better way to engage with their customers via the digital medium.”
A list by Edureka outlines “10 Reasons Why Big Data Analytics is the Best Career Move” for those in business school. Here are a few examples:
- Soaring Demand for Analytics Professionals: As we mentioned earlier, the demand for big data professionals is through the roof, and this is just the beginning. Srikanth Velamakanni, the Bangalore-based co-founder and CEO of CA headquartered Fractal Analytics states: “In the next few years, the size of the analytics market will evolve to at least one-thirds of the global IT market from the current one-tenths”.
- Salary Aspects: Strong demand for Data Analytics skills is boosting the wages for qualified professionals and making Big Data pay big bucks for the right skill.
- Big Data Analytics: A Top Priority in a lot of Organizations: According to the ‘Peer Research – Big Data Analytics’ survey, it was concluded that Big Data Analytics is one of the top priorities of the organizations participating in the survey as they believe that it improves the performances of their organizations.
- Numerous Choices in Job Titles and Type of Analytics: From a career point of view, there are so many option available, such as: Big Data Analytics Business Consultant; Big Data Analytics Architect; Big Data Engineer; Big Data Solution Architect; Big Data Analyst; Analytics Associate; Business Intelligence and Analytics Consultant; Metrics and Analytics Specialist; Prescriptive Analytics; Predictive Analytics; Descriptive Analytics…
There is a new need for skilled people with the ability to understand data, think from the business point of view and come up with new insights. As technology continues to advance the ways we conduct business, professionals with analytics and big data skill sets will continue to find themselves in high demand as businesses look to harness the power of information. As Edureka puts it so eloquently, “a professional with the analytical skills can master the ocean of big data and become a vital asset to an organization, boosting the business and their career.”
About the Author
Max Pulcini
Max Pulcini is a Philadelphia-based writer and reporter. He has an affinity for Philly sports teams, Super Smash Bros. and cured meats and cheeses. Max has written for Philadelphia-based publications such as Spirit News, Philadelphia City Paper, and Billy Penn, as well as national news outlets like The Daily Beast.
