An online Master of Business Administration (MBA) program covers topics such as finance, accounting, management, marketing, technology, strategic decision-making and global economics. The courses are designed to give students the skills needed to succeed in today’s business environment. For instance, the development of quantitative and analytical skills is woven into the study of all subjects MBA students focus on.
Quantitative and Analytical Skills Are Basic Tools of MBA Study
Quantitative and analytical skills are the building blocks to a successful online MBA program. A quantitative skill is any skill involving the use or manipulation of numbers. In other words, it is the ability to reason using numbers.
An analytical skill is the ability to visualize, articulate and solve complex problems and make decisions based on analysis of available information. Ideally, analytical thinking is how someone identifies a problem and subsequently provides a solution.
Both skills are at the root of learning processes in a quality online MBA program. Without quantitative and analytical skills, assessments and decisions can be subjective and more likely to have errors or unintended outcomes.
Utilizing Skills Learned to Succeed in Leadership Roles
The ability of businesses to capture business-relevant data is increasing. The demand is high for leaders who can gather, analyze and make business recommendations based on the captured data. MBA studies focus on developing the quantitative and analytical skills needed to utilize data to make important decisions. These skills require logical thinking to gather and analyze information, design and test solutions, and formulate a plan of action.
Recent, exponential advances in data collection and analysis for business decision-making are in large part due to rapid development and implementation of data and analytics technologies. These technologies have become fundamental to quantitative and analytical business processes, complimenting the honed skill sets of business professionals.
For these reasons, the study of software-based business solutions has become a core component of Texas A&M University-Corpus Christi’s accredited and affordable online MBA program. Students learn how to analytically evaluate and select software tools appropriate to a given task, employing such tools efficiently and effectively to solve targeted business problems.
Moving Beyond the Comfort Zone
Enrolling in an online MBA program is an excellent way to explore business strategies, gain experience with business technology tools and learn to view business comprehensively. Quantitative and analytical skills have become essential in the era of data-driven business. As the relationship between business, data and analytics continuously evolves, more skilled professionals are needed to gather, interpret and form actionable plans based on the data analysis. The skills gained in an online MBA program provide an excellent foundation for effective, data-based business management.
Learn more about Texas A&M-Corpus Christi’s online MBA program.