The Milgard School of Business is proud to host our dedicated career management Success Center. The Center is located in Dougan 290. Career management services are currently offered to all Milgard students and alumni.
Milgard School of Business prepares graduates to enter the workforce as digital, data and analytics savvy business analysts, program managers, project managers, analytics managers, consultants, business intelligence architects, engineers & analysts, information architects, dashboard designers & developers, solutions architect, digital talents, T-shaped analytical thinkers and adaptive innovators.
This program explores innovation as a creative problem-solving capability that is applied to a wide variety of market opportunities and social/institutional challenges. Students will have the opportunity to apply concepts, principles, and methods associated with business analytics to smart digital solutions (e.g. Apple Siri, IBM Watson, Microsoft Cortana, Google Now, and Amazon Echo). The program presents real opportunities and/or problems in an application domain associated with students' area of interest. More samples are in below...
WHAT IS BUSINESS ANALYTICS?
Those skilled in business intelligence and analytics make effective and efficient business decisions that solve existing business problems, create new business opportunities, and improve the performance of organizations.
Business intelligence and analytics represents the combination of skills, practices, processes, applications and technologies used by organizations (for continuous iterative exploration and investigation of past business performance) to gain actionable insights for their business based on data, information, statistics, quantitative modeling, simulation, optimization & knowledge. It includes solutions for gathering, storing, accessing, reporting, modeling, simulating, analyzing and visualizing data to support actionable decision-making and innovation.
What does BA mean for professionals in every field? Some examples are:
Marketing professionals: understanding not only what the customers want to buy, but how much they are willing to pay, how they would like to buy, and what keeps them loyal.
Supply-chain & logistics managers: not just tracking inventories, but also anticipating and preventing future problems and designing more responsive supply networks.
Human capital managers: knowing how much personnel contribute to or take away from the bottom line, how salary relates to their performance, and how to keep good employee in the company.
Finance professionals: being able to not only measure performance based on accurate financial information, but also asses the value of intangible capabilities. It also means having a balanced portfolio of metrics as a strategic management system.
Engineers and production managers: maximizing yields, and predicting equipment malfunction before breakdowns occur.
Sales professionals: knowing what, when and how customers want to buy, and how much they are willing to pay.
Healthcare personnel: saving patient lives by intervening at the first tell-tale signs in real-time.
IT professionals: reinvigorating the company’s CRM and ERP systems and integrating information into a data warehouse. It means having an IT strategy and cross-functional teams that support the above initiatives.
Utility service professionals: what, when and how customers are using the services.
Insurance companies: profitably insuring customers traditionally in high-risk categories, detecting fraudulent behavior before it is too late, and optimizing rate structures.
WHAT EXACTLY ARE “T-SHAPED ANALYTICAL THINKERS & ADAPTIVE INNOVATORS”?
Business: What are the problems and/or opportunities?
Create/amend business processes, create new businesses, close existing ones and enter new markets. Necessary skills for achieving organizational impact and competitive advantage with strategic thinking, service transformation and evidence-based decision making, e.g. communication, project management, process optimization, business ethics, privacy, organizational culture change
Data: What data and/or digital service could solve this problem?
Core methods for acquiring, storing, handling and representing data, and how to convert that data to information, knowledge, and wisdom for desired outcomes, data modeling and databases
Analyze: What models & methods can I apply to solve this problem?
Descriptive, predictive, prescriptive, cognitive/machine learning, visualization/storytelling, core analytical, statistical and computational techniques, regression and related statistical methods, data and text mining and cognitive analytics, and operations research methods
Revolutionize: How to apply to our business?
Key insights that can be gained only through hands-on experience working with and implementing analytical projects in a business environment
Mathematical and operations researcher skills to develop analytic algorithms for optimized processes. Create sophisticated analytical models used to build new datasets and derive new insights from data.
Business & data analysts that apply business intelligence and analytics to turn data to information and to business insights, and integrate with processes for optimized results. Leverage data analysis and modeling techniques and glean insights across functional domains.
Technology Solution Architect
Data and information management skills to decide how what and how to collect, store, manage and understand patterns and trends in data. Design, build and maintain organization’s data and analytical infrastructure.
Dashboard development and management skills to identify right key performance indicators, and to manage processes more efficiently.
Visualization skills to interpret data and present it in meaningful skills ways.
Technical Program Managers
Marketing, Operations, Financial, Sales, HR, etc.
Analytics Managers or Consultants
Oversee analytical operations and communicate insights to executives.
Chief Analytics Officers
Chief Digital Officer
Chief Information Officer
Leadership skills to foster organizations’ transformation with data, information, analytics and digitalization.
Utilize data and analytical model to inform domain-specific functions and operational decisions.
Marketing, Operations, HR, Sales etc. Manager
Project management skills to select and implement right business intelligence and analytics solutions at organizations.
Executive, VPs, Senior Director
Business domain strategy and executive management skills to know when and how to use data and analytics for strategic and tactical decision making.
ESTIMATED SALARY INFORMATION
Graduated students from the MSBA program in the last two years have received job offers from companies like Amazon, FiveBY Solutions, INC., Apex Systems, Harman Connected Services Inc, Microsoft Corporation, Launch Consulting, Sigma Consultants Group, CBTS LLC, and have received salaries ranging from $80k to $160k. Click Here to find out which industry pays analysts the highest.