This guide is an overview of all of the opportunities available with a PhD in business analytics. It covers why professionals and students might pursue a PhD in business analytics, the usual steps or processes to get the degree, and potential outcomes or career paths.
For business purposes, professionals interested in executive-level or senior management positions in business analytics or operations might typically need only to obtain a master’s degree in a data-related area to reach their goal.
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Featured Analytics Programs
| School Name | Program | More Info |
|---|---|---|
| Grand Canyon University | D.B.A. Data Analytics | Visit Site |
| Johns Hopkins University | Master of Science in Data Analytics and Policy | Visit Site |
| Ohio University | Online Master of Business Analytics | Visit Site |
| Georgetown University | Online MS in Business Analytics | Visit Site |
In most cases, a master’s would be a terminal degree for those seeking to reach the highest levels of management within a corporate setting.
But what of those looking for advanced careers outside the business world? Those interested in pursuing a career in business academics or research in big data analysis, data modeling, business forecasting, or operations might consider earning a PhD in business analytics.
Doctoral studies in this area will provide a deeper look at, among other areas, statistical analysis, data-driven decision-making, probability, and research theory.
Rather than focusing on applying business analytics concepts, a PhD in business analytics will provide more discussions on the “how’s” and “why’s” of this area of study:
- How are data technologies used to make decisions?
- Why are statistical analysis methodologies used to analyze data?
- How is organizational software employed to improve databases and other business systems?
Since most individuals who pursue business analytics studies are of the mind to apply what they have learned in a corporate setting, how common are PhD in business analytics programs? In what format are such programs offered? How long might it take to earn such a degree, and how much might it cost?
These are among the questions you’ll find answered regarding the PhD in business analytics in the following article. There’s also a FAQs section at the end to cover other information, so you’ll come away with a thorough understanding of what you’ll learn, why you might consider such a program, and what you could expect to do career-wise with this PhD.
What is a Business Analytics PhD Degree?
Few schools offer a PhD in business analytics program, as the field is still emerging and developing. Of these, even fewer are dedicated business analytics programs; instead, many PhD in business analytics programs pair business analytics with other areas, such as operations and information systems.
You might find a few institutions offering data analytics or business intelligence as an area of specialization within the Doctor of Business Administration.
Concepts you are likely to study in a PhD in business analytics program include:
- Data mining
- Simulation
- Data analytics
- Data structures
- Applied statistics
- Multivariate analysis
- Applied optimization
- Advanced decision technologies
- Advanced programming techniques
Other subjects likely to be addressed in business analytics PhD programs include mathematics, operations management, and microeconomics. Some courses in a PhD program might be presented in a seminar format.
In contrast, others might give case study examinations to help students better understand the application of concepts discussed in the program. You can also expect to spend time analyzing and studying research methodologies and applying these to the research and development of a dissertation.
The dissertation process typically unfolds throughout the program. You would work closely with a dissertation coordinator or other faculty member as you conduct ongoing research, present a thesis proposal, develop a defense of that proposal, complete the written project, and present the dissertation.
In some programs, you will be required to pass a comprehensive exam that could combine both written and oral formats; this exam is usually administered after completing your coursework and before the final two years of the dissertation process.
While some courses could be taken online, the dissertation might require regular meetings with a committee or advisor to develop your proposal, argument, and thesis.
In addition to business analytics, you might find doctoral programs in business administration or management courses in data science, data analysis, data mining, business intelligence, or operations that touch upon or delve into key points addressed in a PhD in business analytics program.
Best PhD in Business Analytics Degree Programs for 2024
Capitol Technology University
Laurel, Maryland
Program: Doctor of Philosophy (PhD) in Business Analytics and Data Science
Credits: 54-66
Cost per credit: $950
Delivery Method: Online
GRE Required: Not required
Total Tuition: $62,700
DASCA Designation: No
Learn more: Program detailsDrexel University
Philadelphia, PennsylvaniaProgram: PhD in Business with a Specialization in Operations and Business Analytics
Credits: 74
Cost per credit: $1,382
Delivery Method: Campus
GRE Required: Required
Total Tuition: $102,268
DASCA Designation: No
Learn more: Program detailsThe University of Iowa
Iowa City, IowaProgram: Business Analytics (PhD)
Credits: 72
Cost per credit: $1,060
Delivery Method: Campus
GRE Required: Required
Total Tuition: $76,320
DASCA Designation: No
Learn more: Program detailsThe University of Tennessee, Knoxville
Knoxville, TennesseeProgram: Ph.D. in Business Analytics
Credits: 72
Cost per credit: $751 in state | $1,011 out of state
Delivery Method: Campus
GRE Required: Required
Total Tuition: $72,792
DASCA Designation: No
Learn more: Program detailsUniversity of Cincinnati
Cincinnati, OhioProgram: PhD in Operations, Business Analytics, and Information Systems
Credits: 60
Cost per credit: $441 in state | $832 out of state
Delivery Method: Campus
GRE Required: Required
Total Tuition: $49,920
DASCA Designation: No
Learn more: Program detailsUniversity of Pittsburgh
Pittsburgh, PennsylvaniaProgram: PhD in Business Analytics and Operations
Credits: 72
Cost per credit: $954
Delivery Method: Campus
GRE Required: Required
Total Tuition: $68,688
DASCA Designation: No
Learn more: Program detailsUniversity of South Alabama
Mobile, AlabamaProgram: Phd in Business Administration Business Analytics Concentration
Credits: 60
Cost per credit: $505 in state | $1,010 out of state
Delivery Method: Campus
GRE Required: Not required
Total Tuition: $60,600
DASCA Designation: No
Learn more: Program details
These rankings were compiled from data accessed in December 2023 from Integrated Post-Secondary Education Data System (IPEDS) and College Navigator (both services National Center for Education Statistics). Tuition data was pulled from individual university websites and is current as of December 2023. If available, we also use additional criteria such as accreditation or designations by outside organizations or agencies.
Online PhD in Business Analytics Programs
PhD in business analytics programs are not conducted 100 percent online due mainly to the dissertation component of the program. Some schools, such as Capitol Technology University, might offer more online courses, while others could be fully on-campus. These programs are flexible, but the vast majority do require at least some in-person work.
Ph.D. in business analytics programs are also typically full-time, four to five years in duration, so you should be prepared to devote the necessary time to complete these studies. In particular, completing the dissertation over the final two years of the program generally needs a full-time focus.
While these PhD programs certainly require much focus and dedication, completing a PhD in this field can certainly help an individual stand out since these programs are rare and challenging.
It can be expensive to obtain a PhD in business analytics, with tuition including fees ranging between $24,000 and $30,000+ per year. If applicable, factors impacting the costs include in-state or out-of-state residency and possible distance learning fees.
These tuition figures would not reflect the additional cost of room and board and any materials needed for coursework, which would vary between schools and locations. Application fees also apply and also vary among institutions.
Career Paths and Outcomes
If you are applying your advanced skills and knowledge in a business setting, you might have the opportunity to increase your earnings and responsibilities through career advancement.
According to statistics supplied by Salary.com, business analytics managers with a PhD could earn between $133,414 – $141,947 per year. Operations research analysts, who are involved in business analytics processes, are expected to be in demand throughout the next decade, with a 23 percent job growth projection according to the Bureau of Labor Statistics.
The BLS shows that these professionals earn a median annual wage of $85,720, with the upper ten percent realizing more than $149,000 annually. Those holding a PhD in business analytics might also consider pursuing work as a consultant.
As reported by the BLS, the projected job growth rate for all management analysts, including business analytics managers and management consultants, is 10 percent over the 2022-2032 decade.
This job growth rate is much faster than average, making it an appealing prospect for young professionals within the field. If a career in academics interests you, the BLS reports that post-secondary business teachers can expect an 8 percent increase in opportunities through 2032. As of May 2022, the median annual wage for post-secondary business teachers is $80,840.
Frequently Asked Questions
Since PhD in business analytics programs are not extremely common, it might be possible to find a related PhD program and align the research components with business analytics. Similar degrees include PhD programs in data science, big data analytics, business data science, management science, management analytics, operations, and information management, and business administration such as information and decision sciences.
Yes, a master’s degree in business is often required to enter this type of PhD program. You should also have a strong background in STEM-related subjects, possess strong computer and analytical skills, and be interested in learning about theory.
Some programs might require managerial experience before enrollment. You may also work in the field while obtaining your PhD, particularly before beginning your dissertation. Discussing potential employment or work experience with your prospective departments and programs is always advisable.
Most programs require at least a 3.0 GPA. As with many programs, the higher your GPA, the better your chances of getting accepted.
Yes, this PhD program is typically designated as a STEM program.
No, these programs are currently only full-time.
Business Analytics PhD Program Listings
Capitol Technology University
Laurel, MarylandProgram: Doctor of Philosophy (PhD) in Business Analytics and Data Science
DASCA designation: No
Delivery method: Online
Total tuition: $51,300
2024/2025 Cost per credit: $950
Credits: 54
GRE requirement: Not required
Learn more: Program detailsDrexel University
Philadelphia, PennsylvaniaProgram: PhD in Business with a Specialization in Operations and Business Analytics
DASCA designation: No
Delivery method: Campus
Total tuition: $126,000
2024/2025 Cost per credit: $2,100
Credits: 60
GRE requirement: Required
Learn more: Program detailsFlorida International University
University Park, FloridaProgram: Information Systems and Business Analytics, PhD
DASCA designation: No
Delivery method: Campus
Total tuition: $21,888 in-state | $49,056 out-of-state
2024/2025 Cost per credit: $456 in-state | $1,002 out-of-state
Credits: 48
GRE requirement: Required
Learn more: Program detailsGeorge Fox University
Newberg, OregonProgram: DBA Business Analytics
DASCA designation: No
Delivery method: Campus
Total tuition: $61,488
2024/2025 Cost per credit: $1,098
Credits: 56
GRE requirement: Required
Learn more: Program detailsIllinois Institute of Technology
Chicago, IllinoisProgram: Management Science and Analytics (Ph.D.)
DASCA designation: No
Delivery method: Campus
Total tuition: $128,160
2024/2025 Cost per credit: $1,780
Credits: 72
GRE requirement: Required
Learn more: Program detailsIowa State University
Ames, IowaProgram: PhD: Information Systems and Business Analytics Specialization
DASCA designation: No
Delivery method: Campus
Total tuition: $39,960 in-state | $94,276 out-of-state
2024/2025 Cost per credit: $540 in-state | $1,274 out-of-state
Credits: 74
GRE requirement: Required
Learn more: Program detailsSouth Dakota State University
Brookings, South DakotaProgram: Computational Science & Statistics (Ph.D.) - Data Science Specialization
DASCA designation: No
Delivery method: Campus
Total tuition: $20,400 in-state | $39,240 out-of-state
2024/2025 Cost per credit: $340 in-state | $654 out-of-state
Credits: 60
GRE requirement: Not required
Learn more: Program detailsTemple University
Philadelphia, PennsylvaniaProgram: PhD in Business Administration
DASCA designation: No
Delivery method: Campus
Total tuition: $48,000 in-state | $55,200 out-of-state
2024/2025 Cost per credit: $1,000 in-state | $1,150 out-of-state
Credits: 48
GRE requirement: Required
Learn more: Program detailsUniversity of Central Florida
Orlando, FloridaProgram: Big Data Analytics (PhD)
DASCA designation: No
Delivery method: Campus
Total tuition: $26,640 in-state | $85,968 out-of-state
2024/2025 Cost per credit: $370 in-state | $1,194 out-of-state
Credits: 72
GRE requirement: Required
Learn more: Program detailsUniversity of Cincinnati
Cincinnati, OhioProgram: PhD in Operations, Business Analytics, and Information Systems
DASCA designation: No
Delivery method: Campus
Total tuition: $82,440
2024/2025 Cost per credit: $916
Credits: 90
GRE requirement: Required
Learn more: Program detailsUniversity of Delaware
Newark, DelawareProgram: Hospitality Business Analytics (Ph.D.)
DASCA designation: No
Delivery method: Campus
Total tuition: $47,304 in-state | $52,866 out-of-state
2024/2025 Cost per credit: $876 in-state | $979 out-of-state
Credits: 54
GRE requirement: Required
Learn more: Program detailsUniversity of Iowa
Iowa City, IowaProgram: PhD in Business Analytics
DASCA designation: No
Delivery method: Campus
Total tuition: 100% covered tuition cost and fees
2024/2025 Cost per credit: 100% covered tuition cost and fees
Credits: 72
GRE requirement: Required
Learn more: Program detailsUniversity of Oregon
Eugene, OregonProgram: Operations and Business Analytics PhD Program
DASCA designation: No
Delivery method: Campus
Total tuition: tuition waiver*
2024/2025 Cost per credit: tuition waiver*
Credits: 75
GRE requirement: Required
Learn more: Program detailsUniversity of Pittsburgh
Pittsburgh, PennsylvaniaProgram: PhD in Business Analytics and Operations
DASCA designation: No
Delivery method: Campus
Total tuition: $75,327 in-state | $116,637 out-of-state
2024/2025 Cost per credit: $1,477 in-state | $2,287 out-of-state
Credits: 51
GRE requirement: Required
Learn more: Program detailsUniversity of South Alabama
Mobile, AlabamaProgram: Phd in Business Administration Business Analytics Concentration
DASCA designation: No
Delivery method: Campus
Total tuition: $30,300 in-state | $60,600 out-of-state
2024/2025 Cost per credit: $505 in-state | $1,010 out-of-state
Credits: 60
GRE requirement: Not required
Learn more: Program detailsUniversity of Tennessee
Knoxville, TennesseeProgram: Ph.D. in Business Analytics
DASCA designation: No
Delivery method: Campus
Total tuition: $36,288 in-state | $48,528 out-of-state
2024/2025 Cost per credit: $756 in-state | $1,011 out-of-state
Credits: 48
GRE requirement: Required
Learn more: Program details