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.
Pursuing an advanced professional degree is expensive considering not just the cost of tuition, but also the opportunity cost of forgoing employment for a period of time. While the duration is short and MSA tuition less than many comparable programs, there is the added benefit of knowing the bulk of your tuition goes directly to your education. The Institute operates as an independent academic unit. As a result, MSA students enjoy state-of-the-art classrooms and other facilities covering 30,000 square feet for their exclusive use. The Institute’s 19-member faculty and staff are fully dedicated to the education of MSA students, not split between other programs. Co-curricular activities, such as career services, job placement and professional development, are all managed in-house exclusively for MSA students.
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ESTIMATED TUITION AND FEES – CLASS OF 2020
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| Summer | Fall | Spring | TOTAL | |
| NC Resident Tuition |
$5,616
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$9,458
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$9,458
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$24,532
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| Non-Resident Tuition |
$10,710
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$18,211
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$18,211
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$47,132
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| Required Fees |
$522
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$1,274
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$1,274
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$3,070
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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). Legal residents are partially subsidized by the State of North Carolina and therefore pay a reduced tuition rate.
You may apply for federal unsubsidized direct loans, and if qualified, for fellowships and other awards offered through NC State’s Graduate School.
The Institute for Advanced Analytics provides a limited number of need-based financial aid awards. To be considered for these awards, admitted students who are eligible to file the FAFSA should do so as early as possible. Admitted students ineligible to file the FAFSA should contact the Institute’s Admissions Team to discuss their circumstances.
The MSA degree is officially designated as a STEM (science, technology, engineering and math) program. This designation, determined by the Department of Homeland Security, allows international students to extend their training in the United States by working in their field of study. Instead of 12 months of optional practical training, they have a total of 36 months under STEM.
