The Institute’s mission is to produce the world’s finest practitioners of analytics by delivering the country’s best graduate education — in an affordable manner. The affordability of the Master of Science in Analytics (MSA), like most similar degrees, is largely a function of its duration and expected return on investment. The MSA program’s intensive 10-month format translates into low tuition and low opportunity costs (i.e., forgone earnings while studying full-time), while yielding high employability and earning potential. The result is a quick payback period that makes the MSA one of the best investments individuals can choose to pursue in furthering their career.
Tuition for the MSA degree covers 30 credit hours of required course work spread over three semesters (summer, fall and spring with credits distributed 6-12-12). Required textbooks, software and other study materials are included in the cost of tuition. However, living expenses (such as food and housing) are not included. Mandatory health insurance is also separate and not included in the required fees.
Tuition and fees are set each year with the approval of the North Carolina Legislature. The rates are typically posted in late spring and should provide incoming students with a close estimate of what the cost will be for the coming year (current estimates are provided in the table below). Legal residents are partially subsidized by the State of North Carolina and therefore pay a reduced tuition rate.
The Institute also offers online prerequisite courses and a mandatory 4-week primer course prior to the formal start of classes.
The MSA is officially designated as a STEM degree by the U.S. Department of Homeland Security.
Note about MSA tuition: The MSA is designed to be completed in the shortest time possible, while still providing students with an education of exceptional quality and value. When the MSA was launched in 2007, its 10-month format had the effect of reducing tuition by about half the cost relative to conventional 2-year, 30-credit hour master of science degrees at NC State (because tuition charges are tiered by semester, not by credit hours taken). While this had the advantage of making the degree less expensive at first, the program nonetheless had the same instructional contact hour requirement and operating cost structure of the normal 2-year, 30-credit M.S. degree.
In 2010, the university approved a tuition premium to normalize the cost of the MSA with other 30-credit degrees on campus. In 2011 and 2012, the tuition premium was further extended to help cover the cost of leasing the Institute’s facilities. Because of the unique cohort structure of the program, the Institute operates out of dedicated facilities reserved for the exclusive use of MSA students.