Lally School Announces Two New Master’s Programs
The Lally School of Management and Technology has recently added two new programs that address emerging needs in business to its graduate degree portfolio. The Master of Science in Business Analytics and the Master of Science in Supply Chain Management are each 30 credits and can be completed in one year. The first incoming class for these programs will commence in fall 2013.
“These two new master’s programs respond to areas where great shortages exist in the availability of skilled personnel, offering graduates a range of exciting career options,” said Tom Begley, dean of the Lally School. “They are a great fit at Rensselaer and the Lally School, as they require students to have strong quantitative and analytic skills.
“As a world-class technological research university, we attract graduate students with strong technical and quantitative skills,” said Begley. “A huge advantage for us is the depth and breadth of instructional disciplines and faculty available across Rensselaer schools required to offer first-class educational value in these career fields.”
Master of Science in Business Analytics
An abundance of data in organizations is creating a high demand for business analytics professionals with the skills to harness data, analyze it, gain insights, and drive competitive actions in businesses.
“Organizations have been investing in information technology for the last 30 years, which has generated copious amounts of data and continues to do so,” said T. (Ravi) Ravichandran, associate dean for research and professor at the Lally School. “There is a strong demand for people skilled in business analytics who are proficient in harnessing this data and can help companies make decisions and continually refine their businesses.”
The Master of Science in Business Analytics balances foundational business concepts with skills in analytical and statistical modeling as well as data management. The curriculum includes three parts: a business core, an analytics core that includes both modeling and data management, and an applications core with project-based courses that allow students to apply their newly gained skills to real-world problems. Academic partnerships with IBM and SAS, a business analytics software and services provider, will allow students to access a suite of software tools from these firms.
Career tracks in business analytics include business analytics specialists, data scientists, analytics positions in consulting and technology firms, and online businesses that use analytics in their business models.
Master of Science in Supply Chain Management
Today, many products and services require materials that are sourced from suppliers located around the globe. A tremendous amount of coordination is required to bring these materials together to create products and services and get them out to marketplaces worldwide.
“The Master of Science in Supply Chain Management is designed to give students state-of-the-art knowledge and skills to enable them to work in today’s complex business environment,” said Ravichandran. “Understanding how to coordinate the flow of goods, structure relationships with suppliers, position resources, deal with logistics, and fulfill demand most effectively are key to this type of job.”
The program teaches students how to model supply chain operations; develop optimal process designs; and create strategies for supply chain coordination, strategic sourcing, and effective demand fulfillment.
Concepts from industrial marketing, operations management, and information systems are integrated in this program. The curriculum includes three parts: a business core, a supply chain core, and specialized electives that include real-world project-based courses.
Career options include positions in supply chain management, logistics, operations management, supply chain practices of consulting firms, procurement, and sourcing functions in manufacturing and service industries.
For more information on these new programs, go to lallyschool.rpi.edu/academics/masters.html.