The state of New York contributes more than 8% of the annual national gross domestic product for the entire United States, which translated to nearly $1.5 trillion in 2016 alone. Across New York, more than 500,000 firms employ in excess of 8 million people.
In New York City alone, there are more than 4 million jobs across dozens of sectors and industries from construction and utilities to information and finance. Regardless of what a business sells, does or makes, all businesses need individuals who are experts at harnessing analytical data and using it to help guide business decisions.
Whether they’re creating an algorithm to make market projections, diving deep on budget data or analyzing global sales trends, the need for those who are highly trained in business analytics is great and growing, both across the country and here in New York.
What jobs are available across the state for people with a Master of Business Analytics degree, how much can degree-holders expect to make, and which colleges and universities across the state offer degrees in business analytics?
Business Analytics Salaries in New York
Essentially any job in which you’re looking at business data — revenue, losses, employment, investment, sales and much more — and utilizing the principles and practices of data analytics to inform business decisions is technically a business analytics job. Some may be very technical and involve hands-on coding and programming. Others may be focused more on communicating results to key stakeholders.
Job titles could include, of course, Business Analyst, but also could be:
- Management Analyst
- Data Scientist
- Financial Analyst
- Market Research Analyst
- Budget Analyst
- Data Engineer
- Quantitative Modeler
- Operations Research Analyst
- Market Research Analyst
- Business Analyst
How strong is employment for these roles in New York? Let’s take a look at just one of these roles for which robust data is available from the U.S. Department of Labor’s Bureau of Labor Statistics, but keep in mind that for those who have master’s-level training, salaries should be even higher than what we see here.
The median national wage for management analysts is just over $83,000 per year, and these jobs are expected to grow at a rate of 14% through 2026. Both of these figures are higher in New York.
New York has the nation’s seventh-highest median annual wage for Management Analysts.
Median annual wage, Management Analyst
|District of Columbia||$103,300|
Management Analyst job openings are expected to grow by just over 18% in New York through 2026, the 13th-highest rate in the nation.
Projected percentage growth in Management Analyst employment (2016-2026), top 15
Management Analyst jobs in New York City are even more well-paying than in the state overall.
Median annual Management Analyst wage by New York area
|New York City||$101,590|
|Capital/Northern New York||$79,100|
|Southwest New York||$74,920|
|Central East New York||$65,880|
New York Business Analytics Degree Programs
New York is home to an impressive number of educational institutions with exceptional offerings in business analytics, and with New York City’s place as one of the epicenters of the startup world — the city is home to at least 9,000 startups in technology alone — it’s hard to go wrong in your business analytics career by starting it in New York.
Here’s a look at some of the colleges and universities that offer applicable degrees:
Business Analytics Degree Jobs in New York
We’ve already established that the economy in New York is robust and growing, and with New York City being a major hub of investment in analytics-heavy industries like artificial intelligence, cybersecurity and life sciences, there’s no shortage of jobs for people with high levels of education in business analytics.
Here’s a sampling of companies, organizations and other groups that were seeking New York professionals in this field in mid-2019.
- Michael Kors
- The New School
- Bank of America
- Conde Nast
- Weill Cornell Medicine
- Major League Soccer
- Getty Images
- National Basketball Association
- Dow Jones
- Columbia University
- Memorial Sloan Kettering
- City University of New York
- New York City Police Department
- Johnson & Johnson
- New York City Human Resources Administration
Every business needs to know where it’s been so it can be sure it’s moving in the right direction. A person with a master’s degree in business analytics would be uniquely suited to help plot that course with their in-depth knowledge of business as well as their technical experience in harnessing data.
The economic and educational environment in New York is among the very best in the world for people who want to begin or level-up their business analytics careers.
Note: Information on recent job openings was gathered from Indeed.com and Glassdoor.com in late July 2019.
U.S. Bureau of Labor Statistics, Occupational Employment Statistics Query System, Custom Tables. (Undated). Accessed from https://data.bls.gov/oes/#/home
Office of the New York State Comptroller, 2017 Financial Condition Report. (Undated). Retrieved from https://www.osc.state.ny.us/finance/finreports/fcr/2017/economic.htm
U.S. Census Bureau, Quick Facts, New York. (2018). Retrieved from https://www.census.gov/quickfacts/NY
Projections Managing Partnership, Projections Central, Long Term Occupational Projections. (Undated). Accessed from https://projectionscentral.com/Projections/LongTerm
Startup Genome, Global Startup Ecosystem Report. (2019). Retrieved from https://startupgenome.com/reports/global-startup-ecosystem-report-2019