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Category: MBA

5 Reasons Why Everybody Should Learn Data Analytics

1. Find Connections that Matter

Quantitative methods answer pressing questions for stakeholders, but first you have to understand how to make the best use of data. When it comes to making the connections between analytics and decision-making, graduate programs are not all the same. For example, the data science or analytics degrees in computer science departments may not focus on the problems that are the highest priorities in today’s enterprises. By contrast, a multidisciplinary analytics degree from a business department equips professionals to confront urgent and intriguing issues at leading companies around the world.

In a business school environment, professionals find the resources to synthesize knowledge of data mining, programming and machine learning with strategic planning and communication, making a real impact on the organization. Insights into all these areas come from business analytics faculty who engage in cutting-edge research with real-world applications. Renowned experts who study the uses of data for management, finance, marketing and operations present students with unique perspectives on the challenges that will affect their careers and the future of business.

2. Communicate Persuasively

Organizations only reap the full benefits of an analytics strategy when everyone involved in planning and executing their strategies—including managers and employees on both technical and non-technical teams—understand the implications of their data. Analytics professionals with a business background can create compelling visualizations and reports but also have the overall communication skills to spur teams into action.

Carnegie Bosch Professor of Operations Research Willem van Hoeve described the ways a business analytics education can be especially valuable for engaging teams that cross multiple departments and functions.

“When managing an interdisciplinary team, being able to speak the language of the machine learning experts as well as the business users gives you not only credibility but also the opportunity to build bridges in an organization and truly leverage the power of analytics,” he said.

3. Predict What’s Next

Data professionals aren’t fortune-tellers, and analytics tools aren’t crystal balls. Nonetheless, predictive analytics enables an organization’s stakeholders to think ahead with algorithms that extrapolate from past data to determine what changes are likely over the months and years to come. These findings may reveal what products existing customers will probably buy next, warn cybersecurity teams about potential incidents of fraud or project the performance of financial assets.

Routledge researches quantitative methods to understand and predict market behavior. He has pursued his interests through projects such as modeling the dynamics of oil prices and probing for patterns in insider trading. He discussed how developing algorithms that help analysts foresee likely outcomes for stocks involves both exceptional challenges and great rewards.

“The thing that is different about a finance setting is the variability,” Routledge explained. “Stock returns are just hugely volatile; the data is so noisy. But the returns to getting just a tiny grain of signal out of this data are really big.”

4. Elevate Your Career

All kinds of companies are looking to hire data experts, but quantitative methods alone can only take you so far. Zachary Lipton, an assistant professor of business technologies at CMU, suggested that professionals who expand their horizons are best positioned to reach their career goals.

“If you’re really great at mathematics or software development, but you don’t know how to apply those techniques to a business problem, or you can’t communicate to other stakeholders in your organization, you’re not going to be very good at an applied machine learning or applied data science job,” Lipton said. “The highest demand is for professionals who have all three skillsets.”

How Tepper Gives You the Edge in Business Analytics

Organizations that keep data management and organizational decision-making siloed miss out on opportunities for growth. That’s why companies need individuals who connect robust quantitative methods with sophisticated business strategy. A graduate education in business analytics provides the specialized knowledge and hands-on skills that allow analytics professionals to advance their careers, excel in leadership roles and make a difference in their organizations. masters in business analytics online Organizations that keep data management and organizational decision-making siloed miss out on opportunities for growth. That’s why companies need individuals who connect robust quantitative methods with sophisticated business strategy. A graduate education in business analytics provides the specialized knowledge and hands-on skills that allow analytics professionals to advance their careers, excel in leadership roles and make a difference in their organizations.

The online Master of Science in Business Analytics (MSBA) from the Tepper School of Business at Carnegie Mellon University helps students to develop proficiency in the full range of state-of-the-art business analytics techniques. A comprehensive curriculum that encompasses data visualization, machine learning and optimization, and large-scale data management readies professionals to take on complex challenges in tomorrow’s analytics-driven organizations.

Online MSBA students benefit from a world-class education through the internationally renowned business school that pioneered the discipline of management science. Courses are taught by CMU’s faculty of top researchers and creators who make multidisciplinary leaps in areas like machine learning, accounting, communication, finance, organizational behavior, marketing and operations management. The online MSBA equips graduates with an unparalleled education and connects them with an international network of professionals.

How To Prepare For Your MBA Interview Questions?

In 2019, U.S. business schools received over 130,000 applications from prospective graduate students around the world. To stand out in a crowded field of candidates for one of the best MBA programs, you have to prove your potential to excel in both the classroom and the workplace. That starts with submitting an up-to-date résumé featuring evidence of your past professional and academic achievements, recommendation letters from highly credible references and an essay that compellingly explains your reasons for pursuing graduate education.

Candidates who make it through the initial round of selection often face a crucial challenge: the MBA interview. This is an opportunity for admissions committees to find out more about your reasons for pursuing an MBA and for you to exhibit your greatest strengths as a candidate. Make the most of it by researching what types of questions to expect and developing a strategy to present your qualifications.

Your MBA interview preparation could make a big difference in achieving your career goals. Here are a few MBA interview tips to consider before taking the next step toward enrolling in a master’s program at a top business school:

Present Yourself in the Best Light With These MBA Interview Tips

Do Your Homework

You’ve probably already researched the business schools and MBA programs that best suit your academic and professional goals before applying, but you should dig deeper prior to the interview. Keep in mind that an admissions committee evaluates your ability to meet the school’s academic demands as well as make a positive contribution to its culture.

Find out as much as you can about the program’s educational philosophy and curriculum so you can explain how you’ll fit in. Interviewers may be especially interested in what you have to say about topics like collaboration with peers, corporate responsibility or big data’s role in the future of leadership.

Minimize surprises by finding out what interview format to expect. While some business schools may simply have you speak one-on-one with an admissions representative, others might ask several candidates to take part in a group discussion or invite you to meet faculty members and alumni.

Advocate for Yourself

Your goal is to convince your interviewers that you’re not just qualified, but an exceptional candidate for an online MBA program. Strengthen that argument by determining four or five key points that you want to emphasize during the interview.

Each of your main ideas should highlight how you exhibit vital skills and characteristics for business leaders like:

  • Problem solving
  • Strategic planning
  • Analysis
  • Teamwork
  • Communication
  • Initiative
  • Organization
  • Time management
  • Networking

Consider how your past accomplishments and experiences support each of your major points. Keep in mind that you’ll have limited time to provide details, so choose straightforward examples that vividly illustrate your capabilities.

Practice Your Responses

A mock interview is an effective way to hone your answers and bolster your confidence. Responding in real time to tricky questions can help you get comfortable with discussing complicated challenges and naturally referencing the qualities that make you stand out. Ask a professional associate, a mentor, a friend or a family member to participate and provide feedback on your performance.

Try to make the mock interview as realistic as possible:

  • If your MBA interview is in person, you should arrange to practice in a professional location like an office or conference room.
  • If you’re preparing to interview online, a practice session is an excellent time to test your video-conferencing software. Consider your backdrop. Find the right angle for your webcam and remove any clutter from your workspace.
  • Dress for the occasion, even if your mock interview is online.

Focus on Tone and Timing

Verbal communication skills are vital for advancing your career and also essential to MBA interview preparation. Get your points across effectively by speaking clearly and accounting for speed and tone. Take a video of yourself answering some practice questions to identify any problems in your self-presentation and make corrections.

Some key aspects to consider when reviewing the video include:

  • Do you talk at a pace that’s engaging and easy to understand?
  • Are your tone of voice and vocabulary appropriately formal?
  • Do you emphasize key terms and occasionally pause to let your points sink in?
  • Are you in control of your volume?
  • Do you consistently employ professional body language and posture that make you appear attentive and confident?
  • Are you projecting genuine enthusiasm for the program and institution?

Bring Your Own Questions to the Table

Interviewers search for applicants who would be positive additions to their MBA program and business school community. By asking thoughtful questions, you present yourself as someone who has done your research and is genuinely engaged in learning more.

Avoid bringing up topics that are covered extensively on the school’s website or promotional materials. Instead, have questions in mind that tell the interviewers something about your professional goals and interests. Possibilities include asking about the program’s approach to a particular business issue, networking opportunities, faculty research or special events planned for the coming year. Following up on a topic your interviewers mentioned earlier is a good way to show off your listening skills.

Know the Most Common MBA Interview Questions

In an interview, you need to think on your feet and concisely address complicated issues. Build a strategy for promoting your biggest strengths and most significant experiences while strengthening your confidence. You can make things easier in the moment by considering how you would answer MBA interview questions and outlining your ideas in advance.

Investigate whether the program shares sample interview transcripts online, and see if you can communicate with current students or alumni about their experiences. You can’t predict every topic that interviewers might raise during your conversation, but there are a number of central issues that come up frequently in MBA interviews. Even if these specific questions are not covered, solidifying your responses to each of the following ahead of time could help you express your main ideas:

  • Tell me about yourself.
  • Why do you want to earn your MBA in this program?
  • How will earning your MBA help you reach your long-term goals?
  • Why are you a good candidate for this program?
  • What characteristics or skills make you an effective leader?
  • What are your greatest strengths?
  • What is your greatest weakness?
  • How would you contribute to our school’s community?
  • Tell me about a challenge you faced and how you handled it.
  • Is there someone in your industry you admire, and why?

Each interview is unique, and it’s imperative to steer the conversation toward a convincing argument for your admission. As you practice, note any opportunities to bring up your most relevant skills and qualities, supporting your claims with examples and anecdotes from your professional background. Plan how you’ll answer follow-up questions and elaborate on your statements.

Graduate education is about both expanding your skills and forming relationships with peers, faculty and stakeholders in organizations. A top-ranked program like the Online MBA from the University of Southern California’s Marshall School of Business strives to select students who will become effective leaders and active members of the university community. If you’re invited to a USC MBA interview, you’ll have the chance to demonstrate what makes you an exceptional professional and advance toward your long-term objectives. By approaching this conversation well prepared, you could set the course for the future of your career.

About the USC Marshall School of Business

USC Marshall is one of the premier business schools in the U.S. and internationally recognized as a home for path-breaking research that emphasizes entrepreneurship, innovation, leadership and social responsibility. The USC Online MBA from the Marshall School of Business is built to help students succeed in the digitally driven business landscape, providing a curriculum focused on the practical skills expected of today’s global leaders. Located in the heart of Los Angeles, Marshall brings undergraduate and graduate students a unique perspective on the world, including global opportunities for experiential learning. The vibrant and active Trojan alumni community includes more than 89,000 people in 92 countries.

For inquiries regarding the USC Marshall School of Business:

onlinemba@marshall.usc.edu – (877) 779-6643

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