The MS in Business Analytics program is suitable for applicants with an undergraduate degree in business, economics, computer science, engineering, mathematics, statistics, and other natural sciences. It is recommended but not required that the applicants should have successfully completed the following courses or their equivalent:
A mathematics course, such as QMB 3003 (Quantitative Methods for Business I) or MAC 2311C (Calculus with Analytic Geometry I)
A statistics course, such as QMB 3200 (Quantitative Methods for Business I) or STA 2023 (Statistical Methods I)
Coursework in economics, such as ECO 2023 (Principles of Microeconomics), ECO 3101 (Microeconomics)
Applicants might also have taken further courses in business analytics, including econometrics, mathematical economics, and other courses in the minor in business analytics or the business analytics track of the BSBA degree at UCF. The admissions committee, comprising the Program Director and the faculty teaching in the program, will evaluate student applications. At the discretion of the admissions committee, prospective students with undergraduate degrees in social sciences or other disciplines may be considered for acceptance into the MS in Business Analytics program, depending on the student’s performance in quantitative coursework.
30 Total Credits
Complete all of the following
Semester 1 - Fall
Complete the following:
QMB6358 - Software Tools for Business Analytics (3)
QMB6010 - Mathematical Tools for Business Analytics (3)
STA6136 - Probability and Statistics for Business Analytics (3)
QMB6304 - Data Visualization (3)
Semester 2 - Spring
Complete the following:
STA5104 - Advanced Computer Processing of Statistical Data (3)
STA5737 - Fundamental and Advanced Data Analytical Methodology with Business Applications (6)
QMB6357 - Microeconomic Analysis for Business Analytics (3)
Semester 3 - Summer
Complete the following:
ECO6935 - Capstone in Business Analytics I (3)
ECO6936 - Capstone in Business Analytics II (3)
Grand Total Credits: 30
Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.
The Department of Economics offers a limited number of opportunities for Graduate Teaching Assistantships to assist with courses in the College of Business. These assistantships are offered on a competitive basis and depend on the candidate’s qualifications and experience. Applicants to the MS in Business Analytics program are automatically considered for Graduate Teaching Assistantships. Upon review of an application, qualified candidates will be contacted should those candidates be selected for these positions.
Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student's graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what to do to be considered for a fellowship.
Business analytics is crucial in all organizations. As more businesses focus on bridging data and decision-making, the need for skilled analysts to collect and interpret this information continues to grow. The Master of Science in Business Analytics prepares students to become business analysts skilled in the collection, management, analysis, interpretation, and application of data to make more informed and successful business decisions.
The core of the MS in Business Analytics is the application of mathematics and statistics to solve business problems. Students will learn to collect and to organize data. They will learn to select an economic model to add structure to the analysis. The students will learn to analyze data with statistical models and to create graphical and tabular results to communicate recommendations to business stakeholders.
The program is a one-year, face-to-face program delivered over twelve months. The format is a cohort or lock-step program in which students take nine required courses, with no electives. In the first semester, students attain software proficiency, develop mathematical understanding, and learn to communicate analytical results through data visualization. In the second semester, students acquire knowledge of economic models to develop intuition, learn methods for data processing, and complete a six-credit course in data analytics. Students complete the program with a two-part capstone project, in which they design and implement a self-directed research project.
See program page for more details: https://business.ucf.edu/degree/ms-business-analytics/.