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ONLINE MASTER OF SCIENCE IN BUSINESS INTELLIGENCE & ANALYTICS (MSBI&A)

Ranked No. 2 among the Best Online Master’s in Business Programs (Excluding MBA) in 2022 by U.S. News & World Report.

BUSINESS INTELLIGENCE & ANALYTICS OVERVIEW

The M.S. in Business Intelligence & Analytics at Stevens prepares you with the business mindset and data literacy skills necessary to excel in a strategic decision-making role. You’ll leverage emerging business analytics tools like AI, deep learning and predictive analytics to solve business problems with insightful, evidence-based solutions. As a business intelligence & analytics student, you will hone the skills you need to:

Understand the basic methods underlying multivariate analysis using R.

Use mathematical models to analyze risk phenomena and implement risk-aware solutions.

Apply mathematical optimization models to improve processes.

Design and manage data warehouse and business intelligence systems.

Develop supply chain analytical skills to solve real-life problems.

QUICK FACTS

NEXT START DATE

January 23, 2023

OVERVIEW

  • 36 Credit Hours
  • 12 Courses
  • 100% Online
  • 2 Year Completion Time*

*Total time to complete the program may vary based on the number of credits taken each semester.

99%

EMPLOYMENT

99% of spring 2021 MSBI&A graduates accepted job offers within three months of graduating.*

No. 28

IN THE NATION

Ranked among the Best Online Master’s in Business Programs (Excluding MBA) by U.S. News & World Report (2022).

No. 14

IN BEST VALUE

Ranked No. 14 among Best Value Colleges by Payscale (2021).**

No. 13

FOR BEST CAREER PLACEMENT

Recognized for “Best Career Placement” by The Princeton Review (2022).

No. 2

IN N.J.

Ranked the No. 2 Online Master’s in Business from a New Jersey school by U.S. News & World Report (2022).

*Based on data from 71% of spring 2021 full-time program graduates.

**Based on the cost of a four-year bachelor’s degree program.

COURSEWORK

The M.S. in Business Intelligence & Analytics program trains students to understand both the business implications of big data and the technology that makes that data useful. In doing so, it leans heavily on the high-tech infrastructure at Stevens, which gives students direct exposure to the kind of challenges they will engage in the workplace.

This course explores data-driven methods that are used to analyze and solve complex business problems. Students will acquire analytical skills in building, applying and evaluating various models with hands-on computer applications. Topics include descriptive statistics, time-series analysis, regression models, decision analysis, Monte Carlo simulation, and optimization models.

This course focuses on the design and management of data warehouse (DW) and business intelligence (BI) systems. The course is organized around the following general themes: business value of data, planning and business requirements, data architecture, data design, implementation, business intelligence, deployment, data integration and emerging issues. Practical examples and case studies are presented throughout the course. This course also includes hands-on application in various software packages.

This course covers basic concepts in optimization and heuristic search with an emphasis on process improvement and optimization. This course emphasizes the application of mathematical optimization models over the underlying mathematics of their algorithms. While the skills developed in this course can be applied to a very broad range of business problems, the practice examples and student exercises will focus on the following areas: healthcare, logistics and supply chain optimization, capital budgeting, asset management, portfolio analysis. Most of the student exercises will involve the use of Microsoft Excel’s “Solver” add-on package for mathematical optimization.

This course focuses on understanding the basic methods underlying multivariate analysis through computer applications using R. Multivariate analysis is concerned with datasets that have more than one response variable for each observational or experimental unit. Topics covered include principal components analysis, factor analysis, structural equation modeling, multidimensional scaling, correspondence analysis, cluster analysis, multivariate analysis of variance, discriminant function analysis, logistic regression, and other methods used for dimension reduction, pattern recognition, classification, and forecasting. Through class exercises and a project, students apply these methods to real data and learn to think critically about data analysis and research findings.

In this course, students will learn how to analyze social network data and apply the analyses to develop marketing strategies. The course focuses on network concepts, including graph-theoretic fundamentals, centrality, cohesion, affiliations, equivalence, and roles, as well as design issues, including data sampling and hypothesis testing. Theoretical areas covered include embeddedness, social capital, homophily, and network growth. Another focus of this course is on marketing applications of social network analysis, in particular the use of knowledge about network properties and behavior, such as hubs and paths, the robustness of the network, and information cascades, to better broadcast products and search targets. After taking this course, students should be able to statistically analyze and describe large scale networks, model the evolution of networks, and apply the network analyses to marketing research.

This course will focus on Data Mining & Knowledge Discovery Algorithms and their applications in solving real-world business and operational problems. We concentrate on demonstrating how discovering the hidden knowledge in corporate databases will help managers to make near-real-time intelligent business and operational decisions. The course will begin with an introduction to Data Mining and Knowledge Discovery in Databases. Methodological and practical aspects of knowledge discovery algorithms including: Data Preprocessing, k-Nearest Neighborhood algorithm, Machine Learning and Decision Trees, Artificial Neural Networks, Clustering, and Algorithm Evaluation Techniques will be covered. Practical examples and case studies will be present throughout the course.

This course uses advanced technologies, such as IBM’s Blue Mix and Google’s TensorFlow, as building blocks, allowing student teams to exercise their ingenuity to develop applications that use AI and machine learning in entirely new business application areas. The products of cognitive computing are beginning to appear in the marketplace, while so-called “deep-learning” AI applications are finding their way into healthcare, energy management, security, marketing and financial services.

The field of big data is emerging as one of the transformative business processes of recent times. It utilizes classic techniques from Business Intelligence & Analysis, along with new tools and processes to deal with the volume, velocity, and variety associated with big data. As they enter the workforce, a significant percentage of BIA students will be directly involved with big data either as technologists, managers, or users. This course will build on their understanding of the basic concepts of BI&A to provide them with the background to succeed in the evolving data-centric world, not only from the point of view of the technologies required, but in terms of management, governance, and organization. Tools will include Hadoop, Hbase, and related software.

Covers marketing analytics techniques such as segmentation, positioning, and forecasting, which form the cornerstone of marketing strategy in industry. Students will work on cases and data from real companies, analyze the data, and learn to present their conclusions and make strategic recommendations.

Introduces the tactical and strategic issues surrounding the design and operation of supply chains, to develop supply chain analytical skills for solving real-life problems. Topics covered include: supplier analytics, capacity planning, demand-supply matching, sales and operations planning, location analysis and network management, inventory management and sourcing.

Business intelligence and analytics is key to enabling successful competition in today’s world of “big data”. This course focuses on helping students to not only understand how best to leverage business intelligence and analytics to become more effective decision makers, making smarter decisions and generating better results for their organizations. Students have an opportunity to apply the concepts, principles, and methods associated with four areas of analytics (text, descriptive, predictive, and prescriptive) to real problems in an application domain associated with their area of interest.

This course surveys applications of artificial intelligence to business and technology in the digital era, including autonomous transportation, fraud detection, machine translation, meeting scheduling and facial recognition. In each application area, the course focuses on issues related to management of AI projects, including fairness, accountability, transparency, ethics and the law.

CAREER OUTLOOK

Graduates of the Business Intelligence & Analytics program bring a blend of business and data science skills to a variety of industries — technology, finance, telecommunications and beyond.

Prospective Occupations for Business Intelligence & Analytics Graduates

Job Title
Employed
Median Annual Earnings
Job Title Computer and Information Systems Manager
Employed 467,000
Median Annual Earnings $151,000
Job Title Financial Manager
Employed 672,000
Median Annual Earnings $134,000
Job Title Data Scientist and Mathematical Science Occupations
Employed 62,000
Median Annual Earnings $98,000
Job Title Management Analyst
Employed 759,000
Median Annual Earnings $88,000
Job Title Operations Research Analyst (Similar to a Data Analyst)
Employed 98,000
Median Annual Earnings $86,000
Job Title Financial Analyst
Employed 492,000
Median Annual Earnings $81,000

Source: Lightcast Labor Market Data and Bureau of Labor Statistics, 2021. Numbers rounded to the nearest thousand.

OUR SCHOOL OF BUSINESS ALUMNI HAVE GONE ON TO WORK AT WITH ORGANIZATIONS SUCH AS:

MICROSOFT

VERIZON

CISCO

AMERICAN EXPRESS

MILLENIUM

L3HARRIS

PROGRAM ADMISSION REQUIREMENTS

PROGRAM PREREQUISITES

Given the highly technical nature of this degree, students are required to have a background in calculus and statistics, and familiarity with a programming language. Non-credit online courses may satisfy these requirements. Reach out to your enrollment advisor for further details.

PROFESSIONAL Résumé

Work experience is not a requirement for the Business Intelligence & Analytics program, but the admissions committee does value applicants with professional experience. You must include a résumé with your application that highlights:

  • Academic record.
  • Work and internship experience.
  • Leadership abilities.
  • Professional aspirations.

ACADEMIC TRANSCRIPTS

Applicants must submit transcripts from all undergraduate and graduate institutions where credit was earned.You may submit unofficial transcripts during the application process. After admission, you will be required to submit official transcripts.

LETTERS OF RECOMMENDATION

Your application must include two letters of recommendation. The strongest applications will include one letter from a current supervisor, and one from a former supervisor or previous employer who can speak to your leadership potential and discuss your professional performance.

GMAT/GRE

Scores are not required.

TUITION & COST*

$1,776

Per Credit (36 Credits)

$60

Application Fee

Fee waivers available

$250

Enrollment Deposit

Financial Aid

*Tuition based on fall 2022 rates effective September 2022. Tuition and fees are subject to change annually. Additional program fees may apply.

Key Dates & Deadlines

Term
Early Submit
Priority Submit
Final Submit
Start of Classes
Spring 2023
October 10, 2022
$250 Deposit Waiver* and Application Fee Waiver Available.
November 21, 2022
Application Fee Waiver Available and Early Application Review.
January 3, 2023
January 23, 2023

*Applicants who apply by the early submit deadline and are admitted may be eligible for a $250 deposit waiver. Applicants who receive education assistance from employers or other tuition discounts are not eligible. Other eligibility conditions may apply.

UPCOMING WEBINARS

Attendees will receive an application fee waiver.

Check back soon for more upcoming events.

FACULTY

Professional headshot of Stevens faculty member, Jordan Suchow

Jordan Suchow

Assistant Professor
Professional headshot of Stevens faculty member, Dr. David Belanger

Dr. David Belanger

Senior Research Fellow
Professional headshot of Stevens faculty member, Dr. Alkis Vazacopoulos

Dr. Alkis Vazacopoulos

Teaching Associate Professor
Professional headshot of Stevens faculty member, Bei Yan

Bei Yan

Assistant Professor
Professional headshot of Stevens faculty member, Khasha Dehnad

Khasha Dehnad

Adjunct Professor
Professional headshot of Stevens faculty member, Feng Mai

Feng Mai

Assistant Professor
Professional headshot of Stevens faculty member, Christopher Asakiewicz

Christopher Asakiewicz

Industry Associate Professor & Director Business Intelligence & Analytics Program
A professional headshot of Stevens faculty member, Somayeh Moazeni

Somayeh Moazeni

Assistant Professor

Request Information

By providing my information and clicking the request info button, I agree to be contacted via email, phone, or text to learn more about the program selected above. Since this program is 100% online, Stevens Institute of Technology does not offer US visas to attend.