Students delve into database design and management, learning to organise and extract data efficiently. Predictive modelling classes provide skills to forecast trends and outcomes, which can be applied in your career to help shape business strategies.
The programs develop the technical competencies required to manipulate and interpret data. Additionally, students learn approaches and methods to transform data insights into actionable company advice.
Related: Business Analytics Courses Online in Australia
Career Opportunities
Holding a business degree with an analytics specialisation opens up many career paths. A typical start is as a data analyst or junior business analyst, potentially progressing to management or executive roles. Opportunities also abound in data analysis and administration.
In Australia, a Business Analyst examines and enhances business processes, providing solutions based on thorough analysis. They use data to pinpoint needs and recommend appropriate measures. Their work, often in IT, also spans other departments. Based on Seek job data, the average salary for business analysts is around $115k per year in Australia.
Graduates have diverse career options. Business analytics job examples include business intelligence analyst, marketing analyst, IT business analyst, and analytics manager. Analytical skills are also valuable in IT, finance, digital marketing, healthcare, and HR.
Graduates might also consider roles such as data analyst, analytics consultant, statistician, finance manager, HR manager, operations analyst, logistics coordinator, customer experience analyst, and risk manager. These positions capitalise on analytical and problem-solving abilities.
Related: How to Become a Business Analyst in Australia
Why This Degree Is Worth It
A Business Analytics degree is a good educational investment. Business is a flexible, high-return study area that provides a foundation for a dynamic career. Among the various majors, analytics produces high salaries while also having fast projected job growth.
This major’s strength is reflected in its job prospects and earning potential:
- The full-time employment rate for Business and Management graduates is 84%, according to the Australian Graduate Outcomes Survey.
- Employment of Management and Organisation Analysts is projected to grow by 15.6% over 5 years to reach 123,900 according to Jobs and Skills Australia.
- Business Analytics graduates can expect to earn between $101,728 and $119,293, placing their qualification among the highest-paying business degrees.
The degree's versatility is a significant advantage. Graduates can achieve success in traditional business positions, such as finance and marketing, as well as in emerging fields like AI, tech, and digital marketing. This adaptability is not only beneficial but also well-directed, as industries increasingly rely on data-driven decision-making.
Related: High-Employment Jobs With a Business Degree
Online Study Options
You can study for this degree online with Deakin University. As well, the University of Tasmania offers a Business Analytics major as part of its online Bachelor of Business program. The specialisation is also available as a minor with RMIT Online.
How does online study work? Online learning is comparable with the on-campus experience except that you tune in to live classes only when it's convenient for you. Students stil participate as a part of a (virtual) class, with plenty of opportunity for interaction with instructors and classmates.
In the case of Deakin University, study is structured through DeakinSync. The online learning portal allows students to access learning materials, join classes and seminars, and manage various aspects of their enrollment and study. The platform is designed to provide flexibility and accessibility, enabling students to study from any location.
Related: Online Study Australia