Business Analytics Employment Statistics

The Carlson School's Master of Science in Business Analytics (MSBA) program continues to produce highly sought-after graduates, equipping them with the skills and expertise to drive data-driven decision-making across industries. Despite an increasingly competitive job market and signs of an economic slowdown, our Class of 2023 demonstrated remarkable resilience and success in securing rewarding career opportunities. This year, an impressive 92% of MSBA graduates received job offers within six months of graduation, with a median starting base salary of $120,000 and a mean signing bonus of $14,084 – a testament to the program's rigorous curriculum and the high demand for data analytics professionals.

Accepted Employment Offers

92%

of 2023 graduates accepted employment offers within six months after graduation

Base Salary Range

  • Range $52,000 up to $190,000
  • Mean $117,507
  • Median $120,000
  • $102,477 mean salary with U.S. work authorization
  • $120,152 mean salary without U.S. work authorization

     

Signing Bonus Range

  • Range $2,500 up to $68,700
  • Mean $14,084

 

 

182

graduates

msba analytics student Kaia Arthur
181

graduates seeking full-time employment

Employment by Industry
IndustryPercentAverage Salary
Financial Services27%$111,932
Retail21%$129,648
Consulting16%$119,486
Technology15%$132,773
Healthcare7%$108,950
Media/Entertainment3%$111,000
Other
(incl. CPG, Government, Manufacturing, Energy, Logistics)
11%$89,615
Employment by Function
FunctionPercentAverage Salary
Business/Data AnalyticsN/A$117,071
BA – Other30%$115,742
BA – Marketing16%$122,631
BA – Consulting/IT12%$120,475
BA – Finance12%$109,611
BA – Operations9%$116,692
Consulting9%$118,555
IT7%$111,111
Other
(incl. Finance & Marketing)
5%$128,333
Years of Experience
Years of ExperiencePercentAverage Salary
One year or less14%$102,452
1–3 Years34%$110,535
3–5 Years40%$124,031
5 or more years12%$132,211
""
$22K
salary increase in the consulting industry year-over-year
A group of 4 individuals presenting and looking up at a projector.
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#5
QS World University Ranking for Master of Science in Business Analytics in the United States among public universities (2024)

Where students accepted jobs

Map of the United States
RegionPercent
Midwest37%
West24%1
Southeast7%
Southwest8%
Mid-Atlantic11%
New England12%
Outside of the U.S./International1%

1 Up 14% year-to-year

Demographic representation of employment

Sources of Jobs Accepted

75%
Graduate-initiated job search activities
24%
School-facilitated recruiting activities
1%
unknown
Meet Emerging Analytics Talent

Top job titles include:

Data Scientist

Senior Data Analyst

Business Intelligence Engineer

analytics students

Companies that Hire Carlson School MSBA Students

  • ADM
  • Ahead
  • Allianz Life
  • Ally Financial
  • Amazon
  • American Credit Acceptance
  • American Express
  • AmeriHome Mortgage
  • Amgen
  • Asset Marketing Service
  • Axtria
  • Bluestem Brands
  • The Boston Consulting Group
  • Capital One
  • Carval Investors
  • Chewy Inc.
  • Chime
  • Church & Dwight
  • Citi
  • Citizens Bank
  • CVS Health Corporation
  • Deloitte
  • Discover
  • Diverse Brands
  • Ebay
  • Enact Systems
  • Essex Lake Group
  • Exl
  • Expedia Inc
  • EY
  • Fedex Services
  • Fifth Third Bank
  • Gap
  • General Mills, Inc.
  • Glassdoor
  • Goldman Sachs
  • Google
  • Health Care Service Corporation (HCSC)
  • Healthpartners
  • The Home Depot
  • Hormel Foods
  • Houzz.com
  • Inspire Brands
  • Ipsos MMA
  • JPMorgan Chase
  • Kohl's
  • LatentView Analytics
  • Lexisnexis
  • LG
  • LSEG
  • Macy's
  • Mak Capital One LLC
  • McDonald's
  • McKinsey & Company
  • Medallia
  • Mille Lacs Corporate Ventures
  • Minnesota Department of Human Services
  • Molina Healthcare
  • Moneytree
  • Nestle
  • The New York Times
  • Optum
  • Ovative Group
  • Paypal
  • Peterbilt
  • Politico
  • RELX
  • Schneider Electric
  • Schneider Electric
  • Sempris LLC
  •  


Bold companies were top hirers in 2023

Most Offers Made

Amazon

 

Professor De Liu teaching analytics class
Best Branding

The Home Depot


The following data is self-reported based on LinkedIn profiles and covers information from the Class of 2014 through the Class of 2023. It's important to note that this data does not account for 100% of graduates during that period.

 

The Impact of Our MSBA Alumni in Leading Companies

Our MSBA graduates are driving innovation and solving complex challenges at some of the world's most prestigious companies. From Fortune 500 powerhouses to agile start-ups disrupting their industries, top organizations are actively recruiting the elite data professionals produced by the University of Minnesota's program. Over time, the Carlson MSBA degree provides continuing and enduring value by offering alumni career mobility within and across companies.

Below is just a sampling of the remarkable companies where our MSBA alumni are currently making an impact:

First Employer
CompanyNumber of MSBA Graduates
Capital One60
Amazon48
Target26
Walmart19
Slalom15
McKinsey14
Ameriprise13
JP Morgan Chase10
Discover Financial Services9
LatentView Analytics8
Current Employer
Job TitleNumber of MSBA Graduates
Amazon72
Capital One53
Target25
Meta18
McKinsey13
Microsoft10
JP Morgan Chase10
U.S. Bank10
Walmart10
Slalom9

The Trajectory of Our Graduates to Data Leadership Roles

Our graduates go on to secure high-impact roles at top companies across various industries. Many of our alumni quickly advance to senior and leadership positions in data science and analytics fields.

First Job Title
Job TitleNumber of Instances
Data Scientist90
Senior Data Analyst69
Data Analyst 33
Business Intelligence Engineer 27
Senior Analyst27
Senior Data Scientist26
Business Analyst 19
Associate Consultant14
Analyst14
Business Intelligence Engineer II12
Current Job Title
Job TitleNumber of Instances
Data Scientist65
Senior Data Scientist57
Senior Data Analyst46
Business Intelligence Engineer 24
Business Intelligence Engineer II24
Principal Data Scientist/Analyst21
Lead/Director Data Scientist/Analyst20
Data Analyst 16
Senior Analyst 15
Assistant Vice President 7

Alumni Success Map: Prime Employment Hubs for Our Graduates

Map of the United States
LocationNumber of Instances
Twin Cities178
Seattle91
San Francisco/San Jose87
Chicago35
New York City23
Washington D.C.22
McLean17
Los Angeles16
Austin10
Top locations where our graduates are currently employed

Contact MS Business Analytics