MS Blog /business/ en Masters in Accounting vs Masters in Taxation: Which is Right for You? /business/ms-programs/ms-blog/2023/04/25/masters-accounting-vs-masters-taxation-which-right-for-you <span>Masters in Accounting vs Masters in Taxation: Which is Right for You?</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-04-25T10:58:40-06:00" title="Tuesday, April 25, 2023 - 10:58">Tue, 04/25/2023 - 10:58</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/gettyimages-1420323100.jpg?h=56d0ca2e&amp;itok=ov4wxE4s" width="1200" height="800" alt="Person making calculations"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/gettyimages-1420323100.jpg?itok=pl0BWCDb" width="1500" height="1000" alt="Person making calculations"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>Here’s how to know whether accounting or taxation is the right next step for your career.</em></p> <p></p> <p>When you’re ready to advance your career in accounting or taxation, there are different options for continuing your education. At the Leeds School of Business, the <a href="/business/masters-program-accounting/ms-accounting-curriculum" rel="nofollow">Masters in Accounting</a> and <a href="/business/ms-programs/masters-taxation" rel="nofollow">Masters in Taxation</a> are related programs. Both are grounded in a common core curriculum but evolve into two different areas of focus. Here’s a guide to know which path is the right one for you.&nbsp;</p> <h2>The Masters in Accounting at Leeds</h2> <p dir="ltr">The MS Accounting degree at Leeds teaches students strategic thinking and decision-making skills in accounting principles, auditing standards, financial accounting, corporate taxation, and financial reporting systems.&nbsp;</p> <p dir="ltr">Within the electives of the MS Accounting degree, Leeds offers several opportunities to access data analytics courses, ESG reporting, and more.&nbsp;</p> <p dir="ltr">A degree in accounting opens the door to career opportunities in audit, assurance, risk management, consulting, financial planning, and analysis. While a Masters in Accounting doesn’t in and of itself result in eligibility to take the CPA Exam, we do offer the courses needed to satisfy the requirements.</p> <p dir="ltr">Leeds graduates with an MS in Accounting have a proven track record of succeeding on the CPA exam.&nbsp;</p> <h3 dir="ltr">Masters in Accounting curriculum&nbsp;</h3> <p dir="ltr">The Leeds MS Accouting program gives students the opportunity to learn in the classroom and in the real world. A majority of MS Accounting student participate in paid internships during the accounting busy-season to help them connect classroom theories with real-world experience and bolster their resumes.&nbsp;</p> <p dir="ltr">In the classroom, students take a variety of <a href="/business/masters-program-accounting/ms-accounting-curriculum" rel="nofollow">courses</a>, including:&nbsp;</p> <ul> <li dir="ltr"> <p dir="ltr">Advanced Business Law&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Corporate Taxation</p> </li> <li dir="ltr"> <p dir="ltr">Auditing and Assurance Services&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Business Risk &amp; Decision Analysis in Auditing&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Advanced Financial Accounting</p> </li> <li dir="ltr"> <p dir="ltr">Current Issues in Professional Accounting (Ethics)</p> </li> </ul> <p>Students can further specialize their Masters in Accounting by choosing from a variety of electives:&nbsp;</p> <ul> <li dir="ltr"> <p dir="ltr">Financial Statement Analysis&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Accounting Information Systems</p> </li> <li dir="ltr"> <p dir="ltr">Data Analytics for Accounting&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Social Responsibility Reporting (ESG)&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Textual Analysis in Business&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Business Analytics</p> </li> </ul> <h3>Masters in Accounting salary and careers&nbsp;</h3> <p dir="ltr">Careers with a Masters in Accounting including auditors, accountants, consultants, CPAs, financial analytics, and more. Graduates from the MS Accounting from the Leeds School of Business have found opportunities with public accounting firms, divisions within a variety of companies, nonprofit organizations, and government agencies.&nbsp;</p> <p>According to the <a href="https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm" rel="nofollow">Bureau of Labor Statistics</a>, people with a Masters in Accounting earn between $44,000 and upward of $124,000 a year, with the national average being around $72,000.&nbsp;</p> <h2>The Masters in Taxation at Leeds&nbsp;</h2> <p dir="ltr">For those who are more interested in the taxation elements of accounting, the Masters in Taxation provides tailored courses. In a partnership with the ֱ Law School, tax courses focus on legal and regulatory factors to help students gain an interdisciplinary knowledge of tax law and practice.&nbsp;</p> <p>Students are prepared to conduct an audit, make strategic tax decisions, and research and write about taxation of individuals and corporations. These in-demand skills ensure that students graduate with an understanding of how to analyze and evaluate tax implications and transitions.&nbsp;</p> <h3>Masters in Taxation curriculum&nbsp;</h3> <p dir="ltr">The MS Taxation program at Leeds is very unique in that 3 of the 10 courses are Law School courses at the University of ֱ. Additionally, the primary MS Taxation elective brings Law School students to Leeds.</p> <p>The core <a href="/business/ms-programs/ms-programs-certificates/masters-accountingmasters-taxation/ms-taxation-curriculum" rel="nofollow">curriculum of the Masters in Taxation</a> includes:&nbsp;</p> <ul> <li dir="ltr"> <p dir="ltr">Advanced Business Law</p> </li> <li dir="ltr"> <p dir="ltr">Taxation of Business Entities&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Auditing and Assurance Servicees&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Business Risk and Decision Analysis in Audition&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Research and Writing in Income Taxation</p> </li> <li dir="ltr"> <p dir="ltr">Taxation of Partnerships (Law School)</p> </li> <li dir="ltr"> <p dir="ltr">Income Taxation (Law School)</p> </li> <li dir="ltr"> <p dir="ltr">Taxation of Corporations (Law School)</p> </li> <li dir="ltr"> <p dir="ltr">International Taxation</p> </li> </ul> <h3>Masters in Taxation salary and careers&nbsp;</h3> <p>Opportunities for professionals with MS Taxation degrees have never been greater. Graduates from the program have found tax related jobs with the IRS, prominent accounting firms, nonprofits, and private enterprises.&nbsp;</p> <p>According to the Bureau of Labor Statistics, people with a Masters in Taxation earn between $51,000 and upward of $130,000 a year, with the national average being around $90,000.&nbsp;</p> <p class="text-align-center">***</p> <p>With either a Masters in Accounting or a Masters in Taxation, you will set your career on an exciting path. To learn more about the programs at Leeds, explore <a href="/business/ms-programs/masters-program-accounting" rel="nofollow">the program page</a>.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Tue, 25 Apr 2023 16:58:40 +0000 Anonymous 17595 at /business Find the Best Masters in Accounting Programs for You /business/ms-programs/ms-blog/2023/04/25/find-best-masters-accounting-program-for-you <span>Find the Best Masters in Accounting Programs for You</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-04-25T10:46:30-06:00" title="Tuesday, April 25, 2023 - 10:46">Tue, 04/25/2023 - 10:46</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/gettyimages-1364223865_720.jpg?h=34e43602&amp;itok=JUn3Q3kN" width="1200" height="800" alt="Person making calculations"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/gettyimages-1364223865.jpg?itok=bxNLv8cO" width="1500" height="1000" alt="Person making calculations"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p dir="ltr"></p> <p dir="ltr">There are many Masters in Accounting programs around the country. Even with major news outlets coming out with rankings of the best Masters in Accounting programs every year, how do you know which one is the right fit for you? Here are several ways you can find the best Masters in Accounting programs for your career goals.&nbsp;</p> <h2 dir="ltr">Masters degree in accounting location and timing</h2> <p dir="ltr">One of the biggest factors in picking the best Masters in Accounting program for you is to consider how long the degree will take to complete and where you will have to study. For some students, moving to another state is feasible, while for other students, staying close to home is important.&nbsp;</p> <p dir="ltr">Similarly, some programs take two years, while others only take one. Shorter programs will provide a fast-paced learning environment that can be beneficial if you want to start your career more quickly. Longer programs, on the other hand, provide more time to study and connect with faculty.&nbsp;</p> <p dir="ltr">Some Masters in Accounting programs also provide undergraduate finance and accounting students an accelerated pathway to the graduate degree. This option usually gives undergrads the ability to take Master’s courses in their junior or senior year. By doing this, students can usually save time and/or money while completing both degrees.</p> <h2 dir="ltr">Consider the curriculum for a Masters in Accounting</h2> <p dir="ltr">Because MS Accounting programs can differ significantly in terms of curriculum, reviewing the required courses and specialization options are important to making a choice about the best Masters in Accounting for your needs.</p> <p dir="ltr">Most programs cover elements of audit, assurance, risk management, ethics, analysis, and tax law. Reviewing the classes offered will give you insight into the balance and specific focus of the program.&nbsp;</p> <p dir="ltr">For example, the Leeds School of Business MS in Accounting program has a <a href="/business/masters-program-accounting/ms-accounting-curriculum" rel="nofollow">wide variety of classes</a> that prepare students for in-demand jobs and to take the CPA exam:&nbsp;</p> <ul> <li dir="ltr"> <p dir="ltr">Advanced Business Law</p> </li> <li dir="ltr"> <p dir="ltr">Advanced Financial Accounting</p> </li> <li dir="ltr"> <p dir="ltr">Taxation of Business Entities&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Auditing and Assurance Services</p> </li> <li dir="ltr"> <p dir="ltr">Business Risk &amp; Decision Analysis in Auditing&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Current Issues in Professional Accounting (Ethics)</p> </li> <li dir="ltr"> <p dir="ltr">Financial Statement Analysis&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Accounting Information Systems</p> </li> <li dir="ltr"> <p dir="ltr">Data Analytics for Accounting&nbsp;</p> </li> <li dir="ltr"> <p dir="ltr">Social Responsibility Reporting (ESG)</p> </li> <li dir="ltr"> <p dir="ltr">Oil and Gas Accounting</p> </li> <li dir="ltr"> <p dir="ltr">Business Analytics</p> </li> <li dir="ltr"> <p dir="ltr">Textual Analysis in Business&nbsp;</p> </li> </ul> <p>Another element of curriculum to take into consideration is whether there are any specializations you want to pursue. For example, programs might offer additional courses to further prepare you for careers in international accounting, taxation, bookkeeping, or forensic accounting. At Leeds, there is a separate and distinct MS Taxation degree that will prepare students to work with the IRS, nonprofits, and accounting firms.</p> <h2>Career paths for Masters in Accounting graduates&nbsp;</h2> <p dir="ltr">A Masters degree in accounting sets students up to pursue a career as accountant, auditor, consultant, treasurer, CPA, financial planner and analyst, and more. When looking for the best MS in Accounting program for you, it’s worth considering what internship opportunities and company connections exist at the school.</p> <p dir="ltr">Some universities will help students find internships for pay and school credit. This helps with building a strong resume and getting a foot in the door at future employers. For example, at Leeds, over 80% of students work with accounting organizations during the busy season or summer to prepare for their career.</p> <p dir="ltr">Researching where recent graduates from the program work and how involved alumni are with the program. Having opportunities to network with alumni and companies that you’re interested in working with can help you figure out how to prepare to apply to the company and build connections in the industry.&nbsp;</p> <p class="text-align-center" dir="ltr">***</p> <p dir="ltr">As you narrow down which Masters in Accounting program is best for you, explore the what the <a href="/business/ms-programs/masters-program-accounting" rel="nofollow">Leeds MS Accounting</a> or MS Taxation programs have to offer.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Tue, 25 Apr 2023 16:46:30 +0000 Anonymous 17594 at /business Everything to Know about the BAM Program in Accounting and Taxation /business/ms-programs/ms-blog/2023/04/25/everything-to-know-bam-program-accounting-taxation <span>Everything to Know about the BAM Program in Accounting and Taxation</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-04-25T10:40:41-06:00" title="Tuesday, April 25, 2023 - 10:40">Tue, 04/25/2023 - 10:40</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/gettyimages-1409509746_720.jpg?h=34e43602&amp;itok=BE7Q30zs" width="1200" height="800" alt="Tax form"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/gettyimages-1409509746.jpg?itok=ykvi9GS1" width="1500" height="1000" alt="Tax form"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p></p> <p>The <a href="/business/academic-programs/undergraduate-programs/accounting/bachelors-accelerated-masters" rel="nofollow">bachelor’s accelerated master’s (BAM) program in Accounting or Taxation</a> allows current ֱ undergraduate finance and accounting students to complete their bachelors and masters degrees in four-and-a-half to five years at a reduced tuition rate. Here’s a deeper dive into the value of this accelerated program.</p> <h2>Who is the BAM program in Accounting designed for?&nbsp;</h2> <p dir="ltr">The BAM program is designed for current Leeds Undergraduate students who are studying finance, accounting, or both as their area of emphasis. The program allows undergraduate students to take masters level courses while they are still working on completing their undergraduate degree. For students who are planning on getting an MS in Accounting or MS in Taxation, the BAM program allows them to minimize the time that they are in school and save tuition dollars. Instead of a traditional two-year master’s program, students in the BAM program will be able to graduate with their masters within a year after finishing their undergraduate degrees.&nbsp;</p> <h2 dir="ltr">How does the BAM program in Accounting work?&nbsp;</h2> <p dir="ltr">Students in the BAM program will be able to take up to four MS courses while they are working on their undergraduate degree. This adds up to a potential total of 12 credit hours that count towards the 30 credit hours required for a master’s degree. Additionally, three of those courses can replace upper-division undergraduate degree requirements, meaning students aren’t taking a series of additional courses.&nbsp;</p> <p dir="ltr">After graduating with an undergraduate degree, students are automatically a part of the master’s program at Leeds, where they can then complete the remaining MS coursework.&nbsp;</p> <p dir="ltr">Interested students should talk to their academic advisors during their junior year. All <a href="/registrar/students/degree-planning/bam-program/policy" rel="nofollow">BAM programs at ֱ</a> require the student to have at least a 3.0 GPA and the completion of all MAPS requirements, although program-specific requirements will also apply.&nbsp;</p> <h2 dir="ltr">What are the additional benefits of the BAM program in Accounting?&nbsp;</h2> <p dir="ltr">Beyond allowing students to finish their degree in less time, there are several key benefits of the program.</p> <h3 dir="ltr">Financial Savings&nbsp;</h3> <p dir="ltr">Because students are taking up to 12 credit hours of their master’s degree during their undergraduate career, the credits are billed at the undergraduate rate. This means that students are able to save on tuition for close to half of the required MS credits.&nbsp;</p> <h3 dir="ltr">Preparation for the CPA&nbsp;</h3> <p dir="ltr">Receiving your MS in Accounting or Taxation will prepare you for the CPA. As of the last publication of the AICPA’s pass rates, the CPA exam pass rate for MS Accounting and Taxation students from the Leeds School of Business exceeded the national average by over 10%.&nbsp;</p> <p dir="ltr">In ֱ, the CPA requires that you have taken 150 credit hours. By taking accounting courses at both an undergraduate and graduate level, students will be able to meet this requirement. Be sure to work with your academic advisor to ensure you have taken enough credits before graduation.&nbsp;</p> <h3 dir="ltr">Opening new Career Paths&nbsp;</h3> <p dir="ltr">Many graduates begin careers with public accounting firms in audit, tax or business services. Other students will be able to access careers in information management, tax, consulting, or compliance. Completing an MS in Accounting will also open doors in financial/wealth management, government agencies like the IRS, and non-profit organizations.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Tue, 25 Apr 2023 16:40:41 +0000 Anonymous 17593 at /business Data Analytics Best Practices: Best Machine Learning Model for Sparse Data /business/ms-programs/ms-blog/2023/01/24/data-analytics-best-practices-machiene-learning-sparse-data <span>Data Analytics Best Practices: Best Machine Learning Model for Sparse Data</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-01-24T10:29:57-07:00" title="Tuesday, January 24, 2023 - 10:29">Tue, 01/24/2023 - 10:29</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/machine_learning.png?h=affc0433&amp;itok=GtcE_Q0t" width="1200" height="800" alt="Machine Learning Thumbnail"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/machine_learning.png?itok=ckKn6UvS" width="1500" height="783" alt="Machine Learning Image"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p></p> <p>Sparse data can impact the effectiveness of machine learning models. As students and experts alike experiment with diverse datasets, sparse data poses a challenge. The Leeds <a href="/business/leeds-ms-business-analytics" rel="nofollow">Master’s in Business Analytics</a> teaches students how to manage different types of data and use the learnings from models to make business decisions. In order to make the best decisions from data, the predictive models used must be accurate, which means that learning how to handle sparse data is critical.</p> <h2><strong>What is sparse data?</strong></h2> <p dir="ltr">Sparsity occurs in matrices where most of the cells&nbsp; in the matrix are empty. Here’s a simple example. You asked every person who came into a movie theater one day to rate each movie they saw on a scale from 1 to 5 or to mark a zero if they hadn’t seen the movie. You would expect to have a data set with lots of empties because most people only saw and rated one movie at the theater. Because of the high number of missing data in the dataset, this would be considered a sparse dataset.&nbsp;</p> <p dir="ltr">This sort of sparse data often occurs in scenarios when zero or a null (a word that denotes a “vacuum”) is used to represent information in the dataset. We simply do not know what they would think of the movies they have not seen.</p> <p dir="ltr">This also demonstrates the difference between sparse and missing data. Sparse data is still representing something within the variables. Missing data, however, means that the data points are unknown.</p> <h2><strong>Challenges in machine learning with sparse data</strong></h2> <p dir="ltr">There are several problems in using <a href="https://www.kdnuggets.com/2021/01/sparse-features-machine-learning-models.html" rel="nofollow">sparse data to train a machine learning model</a>. If the data is too sparse, it can increase the complexity of the machine learning model. This means that the model will take up more storage space and take longer to process.</p> <p dir="ltr">Beyond this, there are several other challenges that appear with sparse data. First is lack of representativeness. Sparse data might not accurately represent the distribution of the data, which can lead to worse performance in the trained model. Overfittting is another issue. A model trained on sparse data is more likely to overfit to the limited data. This means that the model will struggle to generalize new data when given new data.&nbsp;</p> <p dir="ltr">Likewise, the model can behave in unexpected ways when provided a sparse dataset. Certain models might underestimate the importance of sparse variables and give preference to denser variables, in other words, variables with more non-zero datapoints. This can happen even when the sparse data might be more predictive.</p> <h2 dir="ltr"><strong>Best machine learning model for sparse data</strong></h2> <p dir="ltr">To help combat these issues that arise with sparse data machine learning, there are a few things to do.&nbsp;</p> <p dir="ltr">First, because of the noise in the model, it’s important to limit variables with sparse data before “training” the training set. Second, it’s helpful to find ways to make it denser. For example, using principal component analysis or feature hashing. Both of these practices help to remove unnecessary variables in the training set to help the model perform better.&nbsp;</p> <p dir="ltr">Most importantly, it helps to pick a machine learning model that will work better with sparse data. Linear regression and tree-based models are both at risk for needing more memory space and taking longer to process. Linear regression runs into this issue because it needs to fit more coefficients, while tree-based models need a greater depth to incorporate all of the variables.&nbsp;</p> <p dir="ltr">Tree-based models also struggle to equally weigh denser data with sparser data. This means that a tree-based model might leave out a highly-predictive variable because it gives preference to the denser variables.&nbsp;</p> <p dir="ltr">If tree-based models and linear regression struggle, then what is the right fit? While no one model is designed to be the fix for sparse data, studies suggest that there are a few models that are performing well with limited data.&nbsp;</p> <p dir="ltr">For example an <a href="https://ieeexplore.ieee.org/abstract/document/4262534" rel="nofollow">entropy-weighted k-means algorithm</a> performed better with sparse data than its standard k-means counterpart. It does this by weighting different variables to ensure that the most predictive aren’t excluded because of being sparse. <a href="https://royalsocietypublishing.org/doi/10.1098/rspa.2021.0904" rel="nofollow">Ensemble SINDy</a> works by reducing noise in the data to prevent overfitting. And the <a href="https://www.sciencedirect.com/science/article/abs/pii/S0169743912001967" rel="nofollow">Lasso algorithm</a> has been shown to better apply sparse datasets to real world samples because it is able to work through which variables are impacting each other within the model.</p> <p dir="ltr">As machine learning evolves, more variations of machine learning models will be developed and tested on sparse data. Students and professionals using the skills learned in a master’s in business analytics can help to discover and refine these models, and ultimately use them to inform critical business decisions.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Tue, 24 Jan 2023 17:29:57 +0000 Anonymous 17412 at /business How a Leeds Master’s of Science in Real Estate Advances Your Career /business/ms-programs/ms-blog/2023/01/02/how-leeds-masters-science-real-estate-advances-your-career <span>How a Leeds Master’s of Science in Real Estate Advances Your Career</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-01-12T12:51:28-07:00" title="Thursday, January 12, 2023 - 12:51">Thu, 01/12/2023 - 12:51</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/screen_shot_2023-01-02_at_12.20.43_pm.png?h=44b8bf81&amp;itok=caOckYTH" width="1200" height="800" alt="Commercial Real Estate for a Master's in Real Estate"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/screen_shot_2023-01-02_at_12.19.48_pm_0.png?itok=_lFj_qqG" width="1500" height="846" alt="Commercial Real Estate for a Master's in Real Estate"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>Want to take your real estate career to the next level? Maybe it’s time to consider a <a href="/business/ms-programs/masters-program-real-estate" rel="nofollow"><strong>Master's in Real Estate</strong></a><strong>—</strong>and discover all the career opportunities waiting for you.&nbsp; </em></p> <p></p> <p>Find out how a graduate degree from the Leeds School of Business prepares students for exciting careers in commercial real estate ranging from real estate development to traditional roles like sales, leasing and marketing—in just 9 months. Also discover the integral role of the ֱ Real Estate Center with co-curricular learning opportunities, job placement support and networking events.</p> <h2>1. Real Estate Development and Other Career Opportunities in Commercial Real Estate</h2> <p>People who gravitate towards <a rel="nofollow">commercial real estate and real estate development </a>get excited about topics ranging from real estate investments to zoning ordinances and economic real estate projections—to the acquisition and selling of office and retail space, development projects with industrial and mixed-use properties—to legislative topics dictating affordable housing provisions in multi-million-dollar developments. [Source: <a href="https://www.naiop.org/research-and-publications/research-reports/" rel="nofollow">commercial real estate development association</a>]</p> <p class="lead"><strong>QUESTION:&nbsp; How do people find exciting jobs that feed these interests? </strong></p> <p>Let’s take the mystery out of landing real estate development jobs. For some people, commercial real estate jobs fall right into their lap. But for those who cannot wait, it makes sense to fast track their career with a <a href="/business/ms-programs/masters-program-real-estate" rel="nofollow">Masters in Real Estate</a>. Here are some of the valuable skills that come with an advanced degree in real estate.</p> <ul> <li>Land Use Law</li> <li>Quantitative Financial Analysis</li> <li>Complex Valuation Techniques</li> <li>Asset Management</li> <li>Investment and Risk Management</li> <li>Data Analytics</li> <li>Business Leadership</li> </ul> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-lightgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="hero"><strong>Alumni Success&nbsp;</strong> </p><div class="col ucb-column"> <p></p> </div> <div class="col ucb-column"> <h3>Brooke Rose</h3> <h6><em>Acquisitions Associate, Ares Industrial Management</em></h6> <p>"My experience as a MSRE student was meaningful and worthwhile. I am proud to be an alumni of the MSRE program."</p> </div> <p dir="ltr"></p></div> </div> </div> <h2>2. Sample job titles with a Master’s in Real Estate from the Leeds School of Business.</h2> <p>A real estate career is more than just selling residential homes with white picket fences and buying trendy commercial properties. Here are some additional real estate jobs you may have overlooked. Proof that a real estate career can take you in many new and exciting directions and with rewarding returns on salary.</p> <ul> <li>Financing, Lending, Capital Markets</li> <li>RE Investment/Acquisitions</li> <li>Portfolio Management</li> <li>Operations and Asset Management</li> <li>Asset/Property Valuation</li> <li>Real Estate Development</li> <li>Sales, Leasing and Marketing</li> </ul> <p><a href="/business/node/15035/attachment" rel="nofollow">Download the Master's In Real Estate Career Sheet</a> to learn more about the career opportunities connected with the MSRE program.</p> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-lightgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="hero"><strong>Alumni Success&nbsp;</strong> </p><div class="col ucb-column"> <p></p> </div> <div class="col ucb-column"> <h3>CJ Montante</h3> <h6><em>CEO, Terzo Development Company</em></h6> <p>"ֱ Boulder’s MSRE program was exactly what I was looking for and then some. Not only did I feel confident in my real estate skills upon graduation, but I left with a network and connections that are still paying dividends in my career today."</p> </div> <p dir="ltr"></p></div> </div> </div> <h2>3. Resources to prepare you for a career in Commercial Real Estate, Leeds' Centers of Excellence—interdisciplinary research, academic and industry specific resources structured for each of our five business disciplines. &nbsp;</h2> <p>At the Leeds School of Business, we care about helping students advance their business careers. Leeds provides students a unique collection of experiential tools through our <a href="/business/centers" rel="nofollow">Academic Centers of Excellence</a>—designed to enhance the student academic experience through experiential learning, academic research, community engagement and industry exposure.&nbsp;</p> <ul> <li><a href="/business/curec" rel="nofollow">ֱ Real Estate Center (ֱREC)</a></li> <li><a href="/business/burridge-center-for-finance" rel="nofollow">Burridge Center for Finance</a></li> <li><a href="/business/cesr" rel="nofollow">Center for Ethics and Social Responsibility (CESR)</a></li> <li><a href="/business/deming" rel="nofollow">Deming Center for Entrepreneurship</a></li> <li><a href="/business/brd" rel="nofollow">Business Research Division</a></li> <li><a href="/business/cfdm" rel="nofollow">Center for Research on Consumer Financial Decision Making</a></li> </ul> <p>Mentors and business professionals at the ֱ Real Estate Center (ֱREC) help students transfer classroom concepts into real world solutions by working on real projects attached to real budgets. Our world-class Center also hosts national competitions that test the skills and knowledge students acquire through this rigorous program.</p> <p>ֱREC provides research tools and training courses like Advanced Excel, ARGUS and USGBC LEED certification—all of which ensure our students’ resumes stand out during the job search. The right mix of certifications and academic training prepare students to work in today’s top-ranked real estate firms in the world.</p> <p>To round out the academic experience, students are connected to a professional network of developers, investors and real estate managers. Exposure to these industry professionals at networking events boosts their knowledge of trending topics. This in turn arms students with the confidence to discuss industry challenges and devise feasible solutions. Plus, the Center hosts the region’s premier annual real estate conference and networking event which brings industry leaders together while introducing students to their future colleagues.<br> Visit the Center to find out more about internships and job placement to winning the interview and landing the job.</p> <div class="col ucb-column"> <p><strong>Industry Engagement Events</strong></p> <ul> <li>Careers in RE Events (Roadshows, NAIOP)</li> <li>International Advisory Board Meetings</li> <li>ֱREC Events- Annual RE Forum Holiday Event</li> <li>Alumni Meet &amp; Greet</li> </ul> </div> <div class="col ucb-column"> <p><strong>Mentoring/Support</strong></p> <ul> <li>Internship/Placement Committee (MSRE &amp; MBA)</li> <li>Introductions to Industry (MSRE &amp; MBA)</li> <li>Mentor Program (MBA students)</li> </ul> </div> <div class="col ucb-column"> <p><strong>Real Estate Focused Recruitment Fairs</strong></p> <ul> <li>Fall Event</li> <li>Two Spring Events</li> </ul> </div> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-white"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="text-align-center"><strong></strong> </p><p class="hero text-align-center"><strong>“Over 90% of graduates from ֱ Real Estate programs are placed in full-time real estate jobs within 90 days of graduation,”</strong></p> <p class="text-align-center"><em>said Executive Director Michael Kercheval ֱ Real Estate Center.</em></p> <p class="text-align-center"></p></div> </div> </div> <h2>4. Job search timeline</h2> <p>HR Departments start recruiting job candidates as early as August. For this reason, it’s a good idea to schedule an appointment with your Graduate Career Management advisor around the time orientation ends. Use this time to discuss job search strategies and build an individualized timeline to land your dream job.</p> <p>Job Placement Examples from Leeds MS Real Estate:</p> <div class="col ucb-column"> <ul> <li>Real Capital Solutions</li> <li>Tangible Wealth Solutions</li> <li>H2 Properties</li> <li>OZ Architecture</li> <li>Council Oak Investment Company</li> <li>Mileander White</li> <li>McWhinney</li> <li>National Valuation Consultants, Inc.</li> <li>ProLogis</li> <li>Greystar</li> </ul> </div> <div class="col ucb-column"> <ul> <li>UDR</li> <li>Schnitzer West</li> <li>US Bank</li> <li>Vail Resorts Management Company</li> <li>DR Horton</li> <li>Ares Management</li> <li>CBRE</li> <li>Cushman Wakefield</li> <li>Brookfield Properties</li> </ul> </div> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-lightgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="hero"><strong>Alumni Success&nbsp;</strong> </p><div class="col ucb-column"> <p></p> </div> <div class="col ucb-column"> <h3>Joe Donadio</h3> <h6><em>Director of Commercial Leasing and Retail Real Estate, Vail Resorts</em></h6> <p>"The ֱ MSRE program provided me with a great foundation for professional success in today's real estate industry through the combination of financial and development courses offered."</p> </div> <p dir="ltr"></p></div> </div> </div> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-lightgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="hero"><strong>Alumni Success&nbsp;</strong> </p><div class="col ucb-column"> <p></p> </div> <div class="col ucb-column"> <h3>Simon Egerton</h3> <h6><em>Business Development Associate, Piper Sandler &amp; Co.</em></h6> <p>"The teaching and support of the ֱREC and MSRE program gave me the understanding and skills that I needed to be successful and adaptable in my career. I am forever thankful for my experience, and know I will continue to leverage it for years to come."</p> </div> <p dir="ltr"></p></div> </div> </div> <p dir="ltr">Want to learn more about the Leeds School of Business<a href="/business/ms-programs/masters-program-real-estate" rel="nofollow"> MS in Real Estate </a>and discover how we set graduates up for <a href="/business/ms-programs-certificates/msre-career-success" rel="nofollow">career success</a>? Request information about the <a href="/business/ms-programs/ms-real-estate/ms-real-estate-orfi" rel="nofollow">MSRE program here</a>.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Thu, 12 Jan 2023 19:51:28 +0000 Anonymous 17358 at /business Business Analytics Careers: Find the Right Track for You /business/ms-programs/ms-blog/2023/01/05/business-analytics-careers-find-right-track-you <span>Business Analytics Careers: Find the Right Track for You</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2023-01-05T15:39:57-07:00" title="Thursday, January 5, 2023 - 15:39">Thu, 01/05/2023 - 15:39</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/screen_shot_2023-01-05_at_3.37.55_pm.png?h=f89fd1a2&amp;itok=m_hYdlT0" width="1200" height="800" alt="women at screen looking at business analytics data"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/screen_shot_2023-01-05_at_3.38.30_pm.png?itok=HzLLnC6S" width="1500" height="843" alt="women at screen looking at business analytics data"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>Want to take charge of your career? A Master’s in Business Analytics program that provides graduates with the skills to analyze complex data sets and deliver analysis to decision-makers can support your career goals and salary aspirations.</em></p> <p></p> <p>Find out how MSBA programs at Leeds blend&nbsp;technical analytics skills with computer science, operations, marketing, and statistics. Here we share the reasons why our program helps students stand out from the crowd when they pursue rewarding careers in business analytics.</p> <h2><strong>Sample job titles with a Master’s in Business Analytics:</strong></h2> <p>Regardless of the current economic climate, the job market is bustling with a wide range of <strong>business analytics career opportunities.</strong> Reports suggest there are not nearly enough people to fill all the tech jobs—especially those focused on <a rel="nofollow">data</a>&nbsp;and analytics for decision making.</p> <p>High demand for jobs in this category is expected to continue, based on the <a href="https://www.bls.gov/ooh/fastest-growing.htm" rel="nofollow">U.S. Bureau of Labor Statistics,</a> (BLS) top 20 fastest growing jobs report. The <a href="https://www.bls.gov/ooh/math/operations-research-analysts.htm" rel="nofollow">Operations Research Analysts</a> job outlook is expected to grow “much faster than average” at 23 percent, through 2031, according to BLS.</p> <p>*New job titles continue to emerge in the business analytics field. Here is the short list.</p> <ul> <li>Lead Analyst</li> <li>Data Strategist</li> <li>Statistical Analyst</li> <li>Marketing Analyst</li> <li>Supply Chain Analyst</li> <li>Management Consulting</li> <li>Healthcare Business Analyst</li> <li>Clinical (Healthcare) Data Analyst</li> <li>Healthcare Modeler</li> </ul> <p>Review the Leeds <a href="/business/ms-programs/masters-program-business-analytics/career-success" rel="nofollow">Masters in Business Analytics Career Success Page</a> to see which companies hire people with an advanced degree. Want more insight about Business Analytics Careers? Visit our <a href="/business/ms-programs/ms-blog/2019/03/22/what-types-jobs-can-i-get-masters-business-analytics" rel="nofollow">blog on Business Analytics Careers</a>.</p> <h2><strong>Academic resources to prepare you for a career in Business Analytics</strong></h2> <p>At the Leeds School of Business, our instructors help students advance their business careers solving some of today’s most complex data problems.</p> <p>Our extensive curriculum in the <a href="/business/ms-programs/masters-program-business-analytics/curriculum-" rel="nofollow">Master’s in Business Analytics</a> program offers four distinct tracks.</p> <ol> <li>Marketing and Advertising</li> <li>Decision Science</li> <li>Healthcare Analytics</li> <li>Security Analytics</li> </ol> <p>Want more info about these specialties? Download the <a href="/business/sites/default/files/attached-files/ms_business_analytics-1pg-8-31-22.pdf" rel="nofollow">MS in Business Analytics</a> fact sheet.</p> <p>While our rigorous academic program prepares students with the technical, quantitative, and statistically intensive skills needed in business analytics jobs, we don’t stop there.</p> <p>The program also prepares students by providing access to industry professionals and events through our <a href="/business/centers" rel="nofollow">Centers of Excellence</a>&nbsp;— created to enhance the student academic experience through experiential learning, academic research, community engagement and industry exposure.</p> <h2><strong>Sample functional areas in </strong><strong>Master’s in Business Analytics</strong>:</h2> <p>Careers in business analytics span a variety of roles and functions. Nearly every industry from healthcare and high-tech companies to aerospace, transportation, telecom, higher education and government hire business analytics professionals. Depending on your business specialty, people who work in business analytics can look forward to a long and prosperous career across many industries.</p> <p>Whether you’re intrigued how data analytics helps solve supply chain issues, provides clues about customer buying behavior or improves healthcare outcomes and data security, here are some ways to apply the skills acquired from a Master’s in Business Analytics.</p> <ul> <li><strong>Marketing Data Analyst</strong>—Use complex data models to interpret and forecast buyer behavior. Run A/B testing to measure marketing campaign strategy effectiveness.</li> <li><strong>Operations Research Analyst</strong>— Collect data and create mathematical models that identify inefficiencies. &nbsp;Identify ways to improve manufacturing production processes to employee productivity.&nbsp;</li> <li><strong>Computer Analyst</strong>—Use data to track performance of hardware and software.&nbsp; Monitor security systems that protect customer data and internal data from hackers and other threats.</li> <li><strong>Statistician</strong>—Develop models to extrapolate information from large data sets. Use quantitative analysis to translate and summarize data into reports used by decision makers and key stakeholders.</li> <li><strong>Quantitative Analyst</strong>-Develop mathematical models used for financial analysis.&nbsp; Help businesses lower risks and increase revenue by identifying patterns and providing solutions.</li> </ul> <p>Having strong skills like problem solving, communication, and project management proves beneficial in data analytics roles. [Sources: <a href="https://www.indeed.com/career-advice/finding-a-job/what-do-with-business-analytics-degree" rel="nofollow">Indeed.com</a> <a href="https://www.informs.org/" rel="nofollow">Informs.org</a> <a href="https://www.bls.gov/ooh/math/operations-research-analysts.htm" rel="nofollow">BLS</a>]</p> <h2><strong>Key job skills required for work in Business Analytics:</strong></h2> <p>Executive leadership relies on analytics experts to develop business models that identify revenue draining inefficiencies so they can improve operations that drive strong profit margins. Without robust data analytics reporting, it leaves decision makers guessing at how to solve problems. Because data alone cannot solve complex business problems. Believe it or not, humans play an integral role in complex problem solving thanks to the help of trusted technology.</p> <p>Data analytics professionals run reports and translate random data sets into valuable information that often reveals costly and disruptive patterns that require corrective actions. Executive leadership relies on this information to optimize business operations and hit revenue projections.</p> <p><strong>Skills you need – at a glance </strong></p> <ul> <li>Define and capture data</li> <li>Develop statistical models to interpret market data</li> <li>Write software programs that perform customized functions</li> <li>Create databases for electronic data storage</li> <li>Machine learning (Python and R)</li> <li>Prepare analytical reports from data sets</li> <li>Translate data into useful information</li> <li>Develop communication procedures and reporting methods</li> <li>Deliver reports to decision makers and peers</li> </ul> <p>[Source: <a href="https://www.onetonline.org/link/summary/15-2051.01" rel="nofollow">O-Net</a> &amp; <a href="/business/ms-programs/masters-program-business-analytics/curriculum-" rel="nofollow">Leeds MS Business Analytics Curriculum</a>)</p> <h2><strong>Business Analytics Job Search Timeline:</strong>&nbsp;</h2> <p>Corporations have varying recruiting timelines and start as early as August. Therefore, we strongly encourage you to set up an appointment with a Graduate Career Management team member soon after orientation concludes to discuss strategy and create an individualized timeline.</p> <p>Learn more about the Leeds School of Business <a href="/business/ms-programs/masters-program-business-analytics" rel="nofollow">Master’s in Business Analytics</a> and our graduates’<a href="/business/ms-programs/masters-program-business-analytics/career-success" rel="nofollow"> career success</a>.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Thu, 05 Jan 2023 22:39:57 +0000 Anonymous 17371 at /business Investment Management Career Opportunities With a Master’s in Finance /business/ms-programs/ms-blog/2022/12/13/investment-management-career-opportunities-with-a-master%E2%80%99s-in-finance <span>Investment Management Career Opportunities With a Master’s in Finance</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2022-12-13T00:00:00-07:00" title="Tuesday, December 13, 2022 - 00:00">Tue, 12/13/2022 - 00:00</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/ms_real_finance_at_leeds.jpg?h=affc0433&amp;itok=ZTsELSXo" width="1200" height="800" alt="Why get an MS in Finance"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> <a href="/business/taxonomy/term/1286" hreflang="en">MS News</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/ms_real_estate.png?itok=-qiqMxI7" width="1500" height="783" alt="Why get an MS in Finance"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>How a Leeds Master’s in Finance prepares you for a career in finance.</em></p> <p class="hero"></p> <p>Want to discover which investment management jobs you could land with a Master’s in Finance? Here we share resources to help steer your career in finance—and help you discover which educational path might work for you.&nbsp; Plus, see how to refine the job search process so it matches your career and educational goals.</p> <h2><strong>1. Investment Management and Other Career Opportunities in Finance.</strong></h2> <p>When it comes to a finance career, investment management jobs grab all the attention. We can thank Hollywood&nbsp;for adding so much flavor to the ordinary lives of stockbrokers and portfolio managers. But the allure doesn’t stop there, especially when investment management leaders rise to the top and claim prestigious corner office job titles like Chief Executive Officer and Chief Financial Officer. [<a href="https://opsdog.com/categories/organization-charts/asset-management" rel="nofollow">Source: OpsDog</a>]</p> <p>No doubt, investment management jobs are popular, but that’s just the tip of the iceberg. At Leeds School of Business, we offer two tracks in our <a href="/business/ms-programs/masters-program-finance/career-success" rel="nofollow">Master’s in Finance</a> program—investment management and corporate finance and consulting. We encourage you to explore our <a href="/business/ms-programs/masters-program-finance/curriculum" rel="nofollow">curriculum</a> page to compare both tracks.</p> <p>Taking the corporate finance track offers an extensive variety of jobs that you may not have even considered. Take the non-profit sector and its reliance on financial planning and portfolio management—to roles in real estate finance, insurance, and venture capital, to lucrative careers in FinTech or international investment management &amp; advisory.</p> <p>Bottom line. The finance profession offers plenty of rewarding career options across many industry segments and with opportunities located throughout the world. [Source: <a href="https://corporatefinanceinstitute.com/resources/careers/map/" rel="nofollow">CFI</a>]</p> <h2><strong>2. Sample job titles with a Master’s in Finance</strong></h2> <p>To save time during a job search, it helps to know which job titles recruiters post when looking for candidates with a Master’s in Finance. These include jobs at banks, corporations and institutions. Here’s a shortlist of job titles that match the career path of graduates with advanced finance degrees like a Master’s in Finance.</p> <ul> <li>Investment Banker</li> <li>Equity Research Associate</li> <li>Private Wealth Management</li> <li>Credit Analyst</li> <li>Financial Analyst</li> <li>Senior Loan Officer</li> <li>Financial Planner</li> <li>Equity Research Associate</li> <li>Analyst/Manager – Corporate FP&amp;A</li> </ul> <p>[Source: <a href="https://corporatefinanceinstitute.com/resources/careers/map/" rel="nofollow">CFI</a> and <a href="/business/sites/default/files/attached-files/msfinancecareersheet.pdf" rel="nofollow">ֱ Career Fact Sheet</a>]</p> <h2><strong>3. Resources to prepare you for a career in finance</strong></h2> <p>When comparing different graduate programs, you might wonder how well <a href="/business/ms-programs/masters-program-finance/career-success" rel="nofollow">Leeds</a> prepares its students for the real world. &nbsp;From the beginning, we immerse students into cutting edge technologies and systems used by today’s finance professionals.</p> <p>The University of ֱ’s <a href="/business/burridge-center-for-finance" rel="nofollow">Burridge Center for Finance</a> is one of our Finance Department’s greatest assets. That’s because it connects students to our partners who are industry leaders in finance.&nbsp;</p> <ul> <li><strong>Beacon’s Integrated Development Environment</strong></li> <li><strong>Bloomberg Lab</strong></li> </ul> <p>Students use these connections to build relationships while gaining valuable hands-on experience. Partnerships like this set our curriculum apart from other university finance master’s programs in the United States.&nbsp;</p> <p>It’s critical that graduate students learn valuable problem-solving skills they can bring into their next job. That’s why Leeds lets students put their hands on powerful technology platforms like <a href="https://www.beacon.io/beacon-core/" rel="nofollow">Beacon’s Integrated Development Environment</a>--a web-based resource for developers to build, test and deploy applications and analytics. Technology like this prepares people called to FinTech and analytics roles.[<a href="https://d.docs.live.net/01219becae8ebd31/A_ֱ-Business%20School%20of%20Leeds/ֱ-Leeds_InvestmentMgmtCareers.docx#_msocom_3" rel="nofollow">EO3</a>]&nbsp;</p> <p>Leeds also provides students with access to Bloomberg Professional Services which includes the <a href="/business/burridge-center-finance/financial-labs/bloomberg-lab" rel="nofollow">Bloomberg Lab</a>. Here students learn about the inner workings of Bloomberg with access to Bloomberg Terminal. This is your gateway into a curriculum that teaches you how financial markets operate in real time. These innovative trading tools are used by today’s &nbsp;finance professionals—and students at Leeds. Plus, you will gain access to proprietary data and breaking financial news that guides successful decision making on the job.</p> <p>Leeds offers Bloomberg Market Concepts (BMC), a course that prepares students to use over 70 features in the Bloomberg Terminal. Upon completion, students receive Bloomberg Certification credentials, a valuable asset for ambitious finance professionals. Why? Because it shows your demonstrated knowledge.</p> <p>Take a look at our BMC offering to gain more insight on the many ways Leeds prepares you for an enduring yet rewarding profession in finance.</p> <h2><strong>4. Job search timeline</strong></h2> <p>HR Departments start recruiting job candidates as early as August. For this reason, it’s a good idea to schedule an appointment with your Graduate Career Management advisor around the time orientation ends. Use this time to discuss job search strategies and build an individualized timeline to land your dream job.</p> <p>Want to learn more about the Leeds School of Business <a href="/business/ms-programs/masters-program-finance" rel="nofollow">MS in Finance</a> and discover how we set graduates up for <a href="/business/ms-programs/masters-program-supply-chain-management/career-success" rel="nofollow">career success</a>?</p> <p><a class="ucb-link-button ucb-link-button-blue ucb-link-button-default ucb-link-button-regular" href="/business/ms-programs/ms-real-estate/ms-real-estate-orfi" rel="nofollow"> <span class="ucb-link-button-contents"> Learn More </span> </a> </p> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-darkgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="hero"><strong>Alumni Success&nbsp;</strong> </p><div class="row ucb-column-container"> <div class="col ucb-column"> <p class="hero text-align-center"></p> </div> <div class="col ucb-column"> <h3>Arthur Padilla (MSFin’21)</h3> <h6><em>Debt Management Analyst, Chatham Financial</em></h6> <p>"I’m inspired by the ever-changing nature of business."</p> <p>Arthur received his MS in finance because he likes to create forecasting models that predict business success. He also uses data modeling software to identify areas for improvement. Arthur believes that companies with diverse teams perform much better. “I hope we will all be moved to fight for racial equity in our personal, professional and political lives,” he said.</p> </div> </div> <p dir="ltr"></p></div> </div> </div></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Tue, 13 Dec 2022 07:00:00 +0000 Anonymous 17333 at /business From Patient Care to Healthcare: How Data-Driven Students Can Help Heal Both /business/news/2022/11/30/patient-care-to-healthcare <span>From Patient Care to Healthcare: How Data-Driven Students Can Help Heal Both</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2022-11-28T15:37:47-07:00" title="Monday, November 28, 2022 - 15:37">Mon, 11/28/2022 - 15:37</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/grad-31-22-msba-healthcare-header-v01.jpg?h=7214ef1a&amp;itok=y5oPzvOR" width="1200" height="800" alt="MSBA Healthcare track gives nurses a chance to make a bigger impact."> </div> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1288" hreflang="en">MBA Blog</a> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> <a href="/business/taxonomy/term/733" hreflang="en">News</a> <a href="/business/taxonomy/term/2065" hreflang="en">Social Impact</a> <a href="/business/taxonomy/term/2069" hreflang="en">news-archives</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/msba-lede_0.jpg?itok=YkZl3IbV" width="1500" height="781" alt="A woman in blue scrubs leads a presentation to a team of professionals in a conference room."> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>Leeds School of Business and the University of ֱ&nbsp;College of Nursing roll out&nbsp;a new Healthcare track within the MS Business Analytics degree.&nbsp;</em></p> <p></p> <p>Nurses, facing challenges to providing high-quality care to their patients, will now be able to improve outcomes by using data to inform pivotal decisions. The Leeds School of Business at the University of ֱ Boulder and the University of ֱ College of Nursing on the Anschutz Medical Campus have come together to offer a Master’s Degree in Business Analytics (MSBA), with a specialized track in healthcare.</p> <p>For Kristi Ryujin, associate dean of Graduate Programs at Leeds, the partnership provides an exciting opportunity for both Leeds and College of Nursing students to enter a burgeoning field and make a difference. “Data helps inform decisions that save lives,” she says, speaking to students’ passion for patients.</p> <p><a href="/business/ms-programs-certificates/ms-business-analytics/msba-curriculum/ms-business-analytics-healthcare" rel="nofollow">The new MSBA Healthcare track</a> prepares both nurses and non-healthcare students for careers in healthcare analytics, where they will turn big data into actionable insights that can improve outcomes for more patients.</p> <p class="lead"><strong>Using data for good</strong></p> <p>“Healthcare analytics is really starting to explode. We need people who can look at big data across healthcare, manipulate it, and use it to make systematic changes that improve population health,” says Sharon Giarrizzo-Wilson, PhD, RN-BC, CNOR; specialty director of the healthcare informatics program and assistant professor at the College of Nursing; and a practicing nurse herself.</p> <p>She adds that with the MSBA Healthcare track, students can rise to leadership roles, improve the quality of care for many more patients, build better infrastructures, and influence government decision-making through advocacy and working on related contracts and grants. She points out that people with these abilities are hard to find and thus, in high demand.</p> <p>“It’s a complex specialty,” acknowledges Kelly Stamp, PhD, NP-C, RN, CHFN, FAHA, FAAN; associate dean of academic programs&nbsp;and associate professor at the College of Nursing. But it allows students to lead positive change and help more patients than they ever could before, she says.</p> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-white"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="text-align-center"><strong></strong> </p><p class="hero text-align-center"><strong>“With this new track in the MSBA, graduates will become pioneers in healthcare analytics</strong><strong>.”</strong></p> <p class="text-align-center"><em>Sharon Giarrizzo-Wilson, director, Anschutz College of Nursing</em></p> <p class="text-align-center"></p></div> </div> </div> <p class="lead"><br> <strong>Swapping skills</strong></p> <p>The degree was designed so that business and nursing students could essentially take each other’s classes. Business students interested in the healthcare field can learn about healthcare technology and the environment by taking two of the College of Nursing courses; while nurses can learn business analytics through Leeds’ 10-month master’s program.</p> <p>“With data analysts from both nursing and business, it’s going to introduce a whole other level of collaborators that will help us see the vision of what is needed in healthcare. Together, they can solve great problems,” says Giarrizzo-Wilson.</p> <p>Courses are taught by top faculty from both schools. The “online+” format, built with high-quality video content and remote synchronous lab time, allows students to engage with faculty and peers, cover technical skills, and learn from each other while receiving immediate faculty feedback and support. For nurses, the remote format means they can continue caring for patients, while also applying their new insights on the job.</p> <p>This isn’t the first time Leeds and the University of ֱ Anschutz Medical Campus have partnered on education. In 2019, the University of ֱ School of Medicine and Leeds rolled out <a href="/business/mba/full-time-mba-program/curriculum/dual-degrees" rel="nofollow">the MD/MBA degree for physicians</a>. By teaching medical students business foundations, they’re empowered to positively impact patient care and health care delivery—a shared goal with the new MSBA in healthcare.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Mon, 28 Nov 2022 22:37:47 +0000 Anonymous 17314 at /business Driven to Succeed: Leeds Student Wins Global Racing-Inspired Alteryx Competition /business/news/2022/06/06/student-success-mccollough-alteryx-accounting-analytics <span>Driven to Succeed: Leeds Student Wins Global Racing-Inspired Alteryx Competition</span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2022-06-06T09:56:08-06:00" title="Monday, June 6, 2022 - 09:56">Mon, 06/06/2022 - 09:56</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/claire-lede.jpg?h=4b43267e&amp;itok=gwCn5ziQ" width="1200" height="800" alt="Claire McCollough celebrates with the trophy at the Alteryx competition."> </div> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/2063" hreflang="en">Business Community</a> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> <a href="/business/taxonomy/term/733" hreflang="en">News</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/claire-lede.jpg?itok=UucKXJRo" width="1500" height="781" alt="Claire McCollough celebrates with the trophy at the Alteryx competition."> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>Claire McCollough is the first college student to win the event, a year after placing fifth overall.</em></p> <hr> <div class="image-caption image-caption-none"> <p></p> <p>Claire McCollough celebrates with the Grand Prix trophy at the conclusion of the race. 'I could tell I improved dramatically from last year,' she says. 'Seeing that level of improvement alone would have been enough for me.' Below right, Libby Duane Adams at the Alteryx conference.</p> </div> <p>The annual data analytics competition at Alteryx’s Inspire conference is called the Grand Prix with good reason: It’s a lot like a race, as “drivers” use the company’s software to quickly complete data analysis challenges and qualify for the final. Even the grand prize—tickets to a Formula One race in Texas—are on brand.&nbsp;</p> <p>So, when she was building a playlist for her competition in the finals, Claire McCollough (Acct, IA’21; MAcct’22) didn’t stray too far from the theme, racing to a soundtrack from the Mario Kart racing game series.</p> <p>“I played piano for 12 years, so I’m usually aware of music—I actually prefer to work in silence, because it tends to distract me,” McCollough said. “But I know I tend to align what I’m doing to the tempo of the music, so I wanted something fast.”</p> <p>It certainly seemed to help: McCollough became the first college student in the 14-year history of the competition to win the event outright, doing so a year after <a href="/business/news/2021/05/21/claire-mccollough-alteryx-grand-prix" rel="nofollow">placing fifth in the global event</a>, which features chief information officers, data scientists and other Alteryx power users.</p> <p>“I was planning to enjoy myself, because I’ve been doing this kind of thing for fun—so if I qualified, great, and if not, no big deal,” McCollough said. “I knew my chances to get in were slim, because I’d have to beat the best of the best to even get my foot in the door.”</p> <div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-white"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="text-align-center"><strong></strong> </p><p class="hero text-align-center"><strong>“Not only have we seen her grow and thrive, she has shown us her abilities as a leader and mentor by supporting other students in the program.”</strong></p> <p class="text-align-center"><em>Libby Duane Adams, co-founder and chief advocacy officer, Alteryx</em></p> <p class="text-align-center"></p></div> </div> </div> <p>Alteryx is an analytics platform that helps companies leverage their data to make better decisions faster—crucial in the digital era, where speed is vital in identifying new opportunities and quickly pivoting to new customers, products and markets. The software company’s conference took place in Denver’s ֱ Convention Center, and the return to an in-person event added a sense of excitement that was missing when McCollough competed last year.&nbsp;</p> <h2>Finding a way to focus</h2> <p>Libby Duane Adams, co-founder and chief advocacy officer at Alteryx, said she was “proud of Claire’s approach to acquiring knowledge and skills in data analytics through our SparkED education program.&nbsp;</p> <p>“Not only have we seen her grow and thrive, she has shown us her abilities as a leader and mentor by supporting other students in our program who want to start their careers with strong data analytics skills.”</p> <p><strong><a href="/business/news/2022/05/27/scholarships-alteryx-duane-data-analytics" rel="nofollow">MORE: Why Alteryx supports scholarships at Leeds</a></strong></p> <p>Part of McCollough’s training included solving workflows while loud audience noises played in the background. “I’ve always been good at focusing—you have to be good at that if you’re reading an accounting textbook—so I was able to get in the zone onstage,” she said.&nbsp;</p> <p>The live competition may have heightened the stakes, but McCollough is an Alteryx expert who’s infused her technical talent into the accounting coursework at Leeds. That sweet spot is where the accounting division is aiming to bring all its students, said Joshua Neil, senior instructor and faculty director of the master’s program in accounting and taxation.&nbsp;</p> <p>“For the last five years, we’ve been telling students this is a very valuable intersection, in terms of analytics and accounting, and if you’re into that, we’ll make some classes and tools available for you,” Neil said. “But it’s become more mainstream in the last 18 months. We’re starting to see textbooks come out that have tools like Tableau embedded in them, and you see our students applying these tools during their internships.”</p> <h2>Analytics meets accounting</h2> <p>McCollough is currently doing an internship as a forensic accountant with PwC, in Chicago, using her talents in data analytics and her Leeds accounting education to support investigations in areas like fraud, negligence and valuation.&nbsp;</p> <p>Competitions like the Grand Prix are a chance for her to flex her Alteryx knowledge in a real-world setting, exactly what she’s doing so well in her internship. Her Alteryx mastery, in fact, was key to getting nominated as an Alteryx ACE, an elite group of power users and ambassadors.</p> <p>“In the competition, I could tell I improved dramatically from last year, even in my own skills—and honestly, seeing that level of improvement alone would have been enough for me,” she said. “It did make the win more fulfilling, having to beat the people who won the last two years and getting to win in front of all the ACEs I just spent the week with. And my parents got to be there, too, since it was in Denver.”</p> <p>McCollough’s skill with Alteryx goes well beyond the current accounting curriculum, but Leeds is making adjustments to both reflect the increasing real-world demand for analytics in accounting, as well as the new business analytics track within the CPA license. This fall, Neil said, an analytics course offered by Kai Larsen is being modified for accounting master’s students, with an emphasis on bringing in people from industry to show how these skills are used to help accountants do their jobs better.</p> <p>McCollough, Neil said, played a role in helping to make that happen.</p> <p>“Data is everywhere,” McCollough said. “There’s a saying that knowledge is power. In order to harness your data, you need to know something about it—and if you choose to ignore your data, or don’t have the skills to harness it, you’re giving that power away.”</p> <p><a class="ucb-link-button ucb-link-button-blue ucb-link-button-default ucb-link-button-regular" href="/business/about/why-leeds" rel="nofollow"> <span class="ucb-link-button-contents"> <i class="fa-regular fa-heart">&nbsp;</i> Why Leeds </span> </a> &nbsp;<a class="ucb-link-button ucb-link-button-blue ucb-link-button-default ucb-link-button-regular" href="/business/ms-programs/masters-program-accounting" rel="nofollow"> <span class="ucb-link-button-contents"> <i class="fa-solid fa-calculator">&nbsp;</i> Master's in Accounting </span> </a> &nbsp;<a class="ucb-link-button ucb-link-button-blue ucb-link-button-default ucb-link-button-regular" href="https://colorado.edu/business/graduate-programs" rel="nofollow"> <span class="ucb-link-button-contents"> <i class="fa-solid fa-university">&nbsp;</i> Leeds Grad Programs </span> </a> </p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Mon, 06 Jun 2022 15:56:08 +0000 Anonymous 16943 at /business Data, ethics and AI: Learning about the Leeds MS in Business Analytics /business/ms-programs/ms-blog/2022/02/24/data-ethics-and-ai-learning-about-leeds-ms-business-analytics <span>Data, ethics and AI: Learning about the Leeds MS in Business Analytics </span> <span><span>Anonymous (not verified)</span></span> <span><time datetime="2022-02-24T00:00:00-07:00" title="Thursday, February 24, 2022 - 00:00">Thu, 02/24/2022 - 00:00</time> </span> <div> <div class="imageMediaStyle focal_image_wide"> <img loading="lazy" src="/business/sites/default/files/styles/focal_image_wide/public/article-thumbnail/kai-larsen-story-msba-leeds.jpg?h=b2dc8638&amp;itok=WunKtCcA" width="1200" height="800" alt="A discussion with Faculty Director Kai Larsen"> </div> </div> <div role="contentinfo" class="container ucb-article-categories" itemprop="about"> <span class="visually-hidden">Categories:</span> <div class="ucb-article-category-icon" aria-hidden="true"> <i class="fa-solid fa-folder-open"></i> </div> <a href="/business/taxonomy/term/1446"> MS Blog </a> </div> <div role="contentinfo" class="container ucb-article-tags" itemprop="keywords"> <span class="visually-hidden">Tags:</span> <div class="ucb-article-tag-icon" aria-hidden="true"> <i class="fa-solid fa-tags"></i> </div> <a href="/business/taxonomy/term/1540" hreflang="en">MS Blog</a> </div> <div class="ucb-article-content ucb-striped-content"> <div class="container"> <div class="paragraph paragraph--type--article-content paragraph--view-mode--default"> <div class="ucb-article-content-media ucb-article-content-media-above"> <div> <div class="paragraph paragraph--type--media paragraph--view-mode--default"> <div> <div class="imageMediaStyle large_image_style"> <img loading="lazy" src="/business/sites/default/files/styles/large_image_style/public/article-image/kai-larsen-story-msba-leeds.jpg?itok=8YYktZq9" width="1500" height="781" alt="A discussion with Faculty Director Kai Larsen"> </div> </div> </div> </div> </div> <div class="ucb-article-text d-flex align-items-center" itemprop="articleBody"> <div><p class="hero"><em>A discussion with Faculty Director Kai Larsen</em></p> <hr> <p class="hero"></p> <p>Looking to pursue a career in business analytics? With constant advancements in technology and analytical tools, the opportunities for harnessing big data continue to grow—as does the value of professionals in this occupation. The <a href="/business/ms-programs/masters-program-business-analytics" rel="nofollow">Leeds MS in Business Analytics</a> prepares students for a data-driven future rooted in ethical business.</p> <p><a href="/business/leeds-directory/faculty/kai-r-larsen" rel="nofollow">Faculty Director Kai Larsen</a> shared his insights on artificial intelligence in today’s business world and how Leeds is preparing students to harness data and build ethical models that propel businesses forward. &nbsp;</p> <p class="hero"><strong>Engineering decisions from data</strong></p> <p>Designed to imitate the decision-making ability of a human expert, an expert system uses data to solve particular problems. While a consultant on Norwegian banking early in his career, Professor Larsen gained exposure to expert systems and the power of using data to make decisions. &nbsp;</p> <p>“In those early days, we would interview experts like loan processing officers to build ‘if–then’ statements, and focus on developing systems that built that person’s knowledge into technology,” said Larsen. “So essentially, we were addressing the question of: Can you automate the process of giving loans based on, not the data, but the officer?”</p> <p>The revolution in analytics that has happened since then, explained Larsen, has been in shifting the focus to collecting, integrating, and analyzing the data about the behavior of consumers before and after receiving loans. Artificial intelligence algorithms, properly configured, take care of the rest.</p> <p>To Larsen, using analytics in this way means the ability to solve problems in novel ways and fuels efficiency through automated processes. The potential for positive impacts, however, is balanced out by a fair amount of negative possibilities—which is why Larsen finds it crucial that analysts are trained to think critically about data. &nbsp;</p> <p class="hero"><strong>Artificial intelligence and consequence ethics</strong></p> <p>After years of collecting data from algorithms that were created to behave like experts, professionals now have a plethora of evidence they can examine in order to unearth issues and enhance automated systems.</p> <p>“We have an A.I. model of, for example, who deserves a loan or not. That can be torn apart and examined. Well, it turns out that these algorithms—just like the humans they’re based on—are biased. And that you’ve now automated a biased process.”</p> <p>Further illustrating the complexity of analytical models, Larsen outlined how a system is comprised of and impacted by both nonexistent and existent data. For example, if loan officers preferred to provide loans to people of a certain race, ethnicity or gender, then the data set and automated system created does not represent the groups of people who were less likely to receive loans.&nbsp;</p> <p>“Initially, a person might argue that not having that data could be a good thing. So now, those groups of people who didn’t proportionally receive loans can simply apply and the identifying factor that once prevented them from getting a loan, such as their race, ethnicity or gender, can just be omitted from the data—so the algorithm can’t figure out what that identifying factor is.”</p> <p>However, a society’s systems and all issues within those systems are deeply connected. External influences and circumstances, all rooted in social identities, help construct people’s individual opportunities and realities. For artificial intelligence, this means that omitting an identifying factor from a data set in order to help right a historical wrong is not that simple.</p> <p>“Depending on your social identities, you will have had different opportunities in life. Maybe you grew up in a certain area because of your race or ethnicity, which impacts the education you received, what career you have and whether or not you own your house. All of these individual data points, from the products you buy to the car you drive, give hints about your social identities. This makes it very difficult to develop algorithms properly and to prevent any unintentional biases.”</p> <p>In other words, Larsen explained, the more data you have and the more varied that data, the harder it is to create fair algorithms.</p> <p class="hero"><strong>The Leeds approach to business analytics</strong></p> <p>Training students to not only understand the field of business analytics but also the larger issues in the world is what Larsen finds most exciting about his role. As this discipline continues to evolve, he believes it’s crucial to incorporate ethics when teaching tomorrow’s leaders.</p> <p>“Today, artificial intelligence is changing the things we can do in a way that’s creating all kinds of challenging and interesting situations. So, training students well enough that they can chart a course through these issues is to me the exciting part. It’s no longer just about training them to be able to create artificial intelligence solutions—it’s about also training them to do so ethically.”</p> <p>The <a href="/business/ms-programs/masters-program-business-analytics" rel="nofollow">Leeds MS in Business Analytics</a> is a ten-month program, where students can choose to learn on campus or online. Shaping students into data experts, the program first teaches how to capture, analyze and translate data sets for actionable insights, before diving into artificial intelligence and social issues.</p> <p class="text-align-center"> </p><div class="ucb-box ucb-box-title-hidden ucb-box-alignment-none ucb-box-style-fill ucb-box-theme-darkgray"> <div class="ucb-box-inner"> <div class="ucb-box-title"></div> <div class="ucb-box-content"> <p class="text-align-center"><strong></strong> </p><p class="hero text-align-center"><strong>“The reality is, we all as human beings have different goals and tasks that we’re trying to carry out, ethical or otherwise. And these algorithms, these approaches, don’t come with ethical guidelines,”</strong></p> <p class="text-align-center"><em>said Larsen.</em></p> <p class="text-align-center"></p></div> </div> </div> <p>Fortunately, this grey area is where engineering and social sciences are coming together in unprecedented ways. Students in the program can expect to not only become experts in knowing how to deal with data and drive value for businesses, but they can also anticipate being challenged to think critically about the data and its connections to larger world issues.</p> <p>“We’re not engineers, we’re not computer scientists—that’s not our goal. Our goal is to teach all of these things in the context of business. With every class the students take, it’s about learning the statistics, the machine learning tools and the coding—but always with a goal toward ethical business. It’s also a fairly diverse program, which allows for greater opportunities to talk about social issues.”</p> <p class="hero"><strong>Business analysts and their growing value in the workplace</strong></p> <p>By teaching students the skills necessary to go from data to value, the MS in Business Analytics program at Leeds prepares them to create change in a variety of workplaces—from healthcare to consulting. With this versatile skill set and the growing opportunities for companies to use big data, business analysts have a bright future in the workplace.</p> <p>“Can you learn how to take all the data that’s available right now in a company, figure out what’s actually important in that data, and create a model in a way that can drive value for a company? That’s how we train our students. But the actual value comes in when a company makes changes based on what you discover from the model.”</p> <p>To learn more about Faculty Director Kai Larsen’s unique insights and his story, read <a href="/business/ms-programs/ms-blog/2021/11/30/norway-boulder-professors-journey-business-analytics" rel="nofollow"><strong>From Norway to Boulder: A professor’s journey in business analytics</strong></a>.</p></div> </div> </div> </div> </div> <div>Traditional</div> <div>0</div> <div>On</div> <div>White</div> Thu, 24 Feb 2022 07:00:00 +0000 Anonymous 16731 at /business