The top three schools remained the same as last year. MIT placed second while the Data Science for Business MSc jointly offered by France’s HEC Paris and Ecole Polytechnique ranked third after debuting in the ranking in 2022.
The US is home to four of the top 10 universities for Master in Business Analytics degrees. France has three while the UK, Spain, and Singapore have one.
Top 10 Best Masters in Business Analytics
Digitalization is growing across a whole host of industries. Cutting edge digital concepts such as artificial intelligence (AI) have taken the world by storm this year. This makes knowing how to analyse data effectively more important.
The skills and expertise a Master in Business Analytics degree provides can help produce digital leaders able to succeed in the workplace.
In 2024, the best place to acquire digital skills is UCLA Anderson, the STEM-designated program held second place between 2020 and 2023.
Next up is MIT’s Master of Business Analytics (MBAn). Also a STEM-designated program, the MBAn dominated the rankings since they began but loses first place this year.
The ESSEC/CentraleSuperlec MSc in Data Sciences & Business Analytics just misses out on the top three, it ranks fourth for 2023. A new entry to the ranking, Duke University's Fuqua School of Business takes fifth place, while the UK’s Imperial College Business School drops to sixth.
Duke's entry into the ranking also means ESCP Business School drops a place for 2024, now ranking in seventh. It's followed by IE Business School in eighth. IE's MSBA was a new entry at seventh place in the ranking in 2023.
For the second year in a row, The University of Texas at Austin McCombs falls one place, listed ninth in 2024.
National University of Singapore (NUS) Business School enters the top 10 this year after finishing 11th in 2023.
The ranking is based on QS surveys of academics, employers, and business school staff. Programs are given scores across five categories to work out the overall ranking. Schools are measured on their employability, entrepreneurship and alumni outcomes, value for money, thought leadership, and class and faculty diversity. Primary weighting is given to employability (30%), then value for money (20%), alumni outcomes, and return on investment (20%).
10 best Masters in Business Analytics programs
Is a Master in Business Analytics worth it?
The world's best Masters in Business Analytics programs come at a cost. MIT’s MBAn costs around $87,600 for a year-long program while UCLA Anderson’s degree is cheaper at around $77,000.
Studying in Europe tends to be more affordable. HEC Paris/Ecole Polytechnique’s program is around $53,000 for two years, while Imperial College Business School offers its degree at around $49,000. IE Business School, offers its program at around $43,000.
Enrolling in a Master in Business Analytics is almost always worth it though, as paying these fees unlocks substantial earning potential as the skills and knowledge you pick up impacts your career.
Graduates from the MIT MBAn earned salaries of $132,413 on average in 2022, with sign-on bonuses on top of that. UCLA Anderson graduates in 2022 earned average salaries of $123,572, while their bonuses averaged at $22k.
In Europe, salaries are lower reflecting the more affordable program fees. Graduates from ESCP Business School, for example, earn around $58,000.
These salary prospects suggest you’ll achieve a strong return on your investment soon after graduating from a program. You could also enroll in one of a number of online Masters in Business Analytics degrees which are more affordable and can be completed part-time, allowing you to continue working while you study.
If you're looking to get ahead in the increasingly digital age, the digital skills a Master in Business Analytics provides will only grow more important and further benefit your career later down the line.