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
of 2023 graduates accepted employment offers within six months after graduation
- $102,477 mean salary with U.S. work authorization
$120,152 mean salary without U.S. work authorization
graduates
graduates seeking full-time employment
| Industry | Percent | Average Salary |
|---|---|---|
| Financial Services | 27% | $111,932 |
| Retail | 21% | $129,648 |
| Consulting | 16% | $119,486 |
| Technology | 15% | $132,773 |
| Healthcare | 7% | $108,950 |
| Media/Entertainment | 3% | $111,000 |
| Other (incl. CPG, Government, Manufacturing, Energy, Logistics) | 11% | $89,615 |
| Function | Percent | Average Salary |
|---|---|---|
| Business/Data Analytics | N/A | $117,071 |
| BA – Other | 30% | $115,742 |
| BA – Marketing | 16% | $122,631 |
| BA – Consulting/IT | 12% | $120,475 |
| BA – Finance | 12% | $109,611 |
| BA – Operations | 9% | $116,692 |
| Consulting | 9% | $118,555 |
| IT | 7% | $111,111 |
| Other (incl. Finance & Marketing) | 5% | $128,333 |
| Years of Experience | Percent | Average Salary |
|---|---|---|
| One year or less | 14% | $102,452 |
| 1–3 Years | 34% | $110,535 |
| 3–5 Years | 40% | $124,031 |
| 5 or more years | 12% | $132,211 |
Where students accepted jobs
| Region | Percent |
|---|---|
| Midwest | 37% |
| West | 24%1 |
| Southeast | 7% |
| Southwest | 8% |
| Mid-Atlantic | 11% |
| New England | 12% |
| Outside of the U.S./International | 1% |
1 Up 14% year-to-year
Sources of Jobs Accepted
Top job titles include:
Data Scientist
Senior Data Analyst
Business Intelligence Engineer
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
- 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
Amazon
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:
| Company | Number of MSBA Graduates |
|---|---|
| Capital One | 60 |
| Amazon | 48 |
| Target | 26 |
| Walmart | 19 |
| Slalom | 15 |
| McKinsey | 14 |
| Ameriprise | 13 |
| JP Morgan Chase | 10 |
| Discover Financial Services | 9 |
| LatentView Analytics | 8 |
| Job Title | Number of MSBA Graduates |
|---|---|
| Amazon | 72 |
| Capital One | 53 |
| Target | 25 |
| Meta | 18 |
| McKinsey | 13 |
| Microsoft | 10 |
| JP Morgan Chase | 10 |
| U.S. Bank | 10 |
| Walmart | 10 |
| Slalom | 9 |
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.
| Job Title | Number of Instances |
|---|---|
| Job Title | Number of Instances |
|---|---|
Alumni Success Map: Prime Employment Hubs for Our Graduates
| Location | Number of Instances |
|---|---|
| Twin Cities | 178 |
| Seattle | 91 |
| San Francisco/San Jose | 87 |
| Chicago | 35 |
| New York City | 23 |
| Washington D.C. | 22 |
| McLean | 17 |
| Los Angeles | 16 |
| Austin | 10 |