The top three schools remained the same as last year. UCLA Anderson School of Management, a fellow US-based institution, placed in 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 last year.
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 Canada have one.
Top 10 Best Masters in Business Analytics
Digitalization is growing across a whole host of industries. This makes knowing how to analyse data effectively and understand cutting-edge digital concepts like artificial intelligence (AI) 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 2023, the best place to acquire digital skills is MIT’s Master of Business Analytics (MBAn). The STEM-designated program has dominated the rankings since they began, while being closely followed by UCLA Anderson since 2020.
The ESSEC/CentraleSuperlec MSc in Data Sciences & Business Analytics just misses out on the top three for the second year in a row, it ranks fourth for 2023. The UK’s Imperial College Business School takes fifth place, meaning the top five Masters in Business Analytics are the same as in 2022.
ESCP Business School stays in sixth place for 2023, followed by IE Business School whose MSBA is a new entry in seventh place this year. The University of Texas at Austin McCombs falls one place from seventh to eighth.
University of South Carolina’s Marshall School of Business is the fourth and final US school to place among the top 10. University of McGill Desautels Faculty of Management takes 10th place.
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 $80,000 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 $44,500 for two years, while Imperial College Business School offers its degree at around $47,000. New entry, IE Business School, offers its program at around $35,500.
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 $127,750 on average in 2021, with sign-on bonuses on top of that. UCLA Anderson graduates in 2021 earned average salaries of $115,500, while their bonuses were as high as $18k.
In Europe, salaries are lower reflecting the more affordable program fees. Graduates from ESCP Business School, for example, earn around $53,000.
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.