If you wish to study how to utilize & analyze data to overcome complex business issues, boost your judgment capability, and pick the correct course, an MSc in Business Analytics is a good investment. Many confuse MSc in Business Analytics with MBA, but the two are different. The amount of period it takes to earn both the degrees, the courses that must be taken, and also the admission system are all different.
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Msc in Business Analytics Top Universities Abroad
It is important that you choose your university/college & program carefully. Studying from top universities for MSc in Business Analytics means a higher probability of landing a good job.
The below table shows some of the best universities/colleges for MSc in Business Analytics:
| University | QS Ranking |
| MIT Sloan | 1st |
| Texas (McCombs) | 3rd |
| ESSEC | 4th |
| Imperial colleges business school | 2nd |
| ESADE | 5th |
| USC (Marshall) | 6th |
| Manchester (Alliance) | 7th |
| Warwick | 8th |
MSc in Business Analytics Requirements
An MSc in Business Analytics program does not require prior work experience. Unlike the MBA course, where job experience is required, MSc in Business Analytics programs is frequently tailored to accommodate persons from different backgrounds & degrees of work experience.
Here are some requirements for pursuing an MSc in Business Analytics:
- 4-year bachelor’s degree from a reputable educational institution is required. Candidates must have finished their undergraduate degree and also have a 16-year academic qualification.
- Students with 3-year undergrad courses will be considered for admission after a thorough examination of their qualifications.
- A 3.0 undergrad GPA is necessary for all 4 years or the last 2 years.
- Scores on the GMAT or GRE: Each university’s score requirements for these exams are usually different. A good grade will boost your chances of being accepted to a prestigious university.
- English Proficiency Credentials: Scores on the TOEFL or IELTS.
Other requirements include:
- Calculus knowledge
- Knowledge of Python, Java, C, HTML, and C++
- Knowledge of computer processing, spreadsheet, network, etc.
- SOP
- LOR
- Resume/CV
Also read : SOP for business analytics
MSc in Business Analytics Course Structure
MSc in Business Analytics is a highly specialized degree course that focuses on how to gather, handle, & analyze business-related information, as well as how to develop a plan for applying the findings to judgment.
Before graduating from a business analytics school, students may be required to finish a Project Assignment or an internship. In this program, students must take certain elective courses to complete their MSc in Business Analytics degree, although basic core courses cover topics such as data analytics, data management, programming, statistics, and models.
Here are some of the subjects that are covered in an MSc in Business Analytics program:
- Introduction to business analytics
- Consulting projects
- Econometrics
- The technical foundation of business analytics
- Business communications
- Data mining
- Data visualization
- Advanced quantitative tools for analytics
- Big data technologies
- Regression modelling analytics
- Special topics of marketing
Here are some elective courses to choose from in an MSc in Business Analytics program:
- Intro to financial & managerial accounting
- Econometrics
- Forensic accounting
- A quantitative method for economics
- Analysis of investment
- Empirical methods in finance
- Business intelligence
- Enterprise data management
- Relationship marketing
- Business optimization
The duration & no. of courses in an MSc in Business Analytics program can vary from university to university. The minimum duration of the course is 10 months, and the maximum is 16 months. There are normally 3 semesters conducted by a university – summer, fall & spring.
Lectures & Seminars, and also times invested in computer laboratories and workshops, can all be part of an MSc in Business Analytics program’s curriculum. You’ll be graded on exams, presentations, essays, and project work, among other things.
Career after MSc in Business Analytics
A Post-graduating degree provides many students with a job with handsome salaries & amenities, especially those who have received their degree from a reputable institute and with good grades.
If you’re pursuing an MSc in Business Analytics, here are a few employment options to explore:
| Job | Avg. Salary (in USD) |
| Data architect | 115,000 |
| Data analyst | 60,000 |
| Statistician | 73,000 |
| Chief technology officer | 159,000 |
| Application architect | 112,000 |
| Chief data officer | 180,000 |
| Market research analyst | 63,000 |
| Project manager | 73,000 |
| Business analytics translator | 53,500 |
| Data scientist | 88,500 |
Check out : Business Analyst Interview Questions
MSc in Business Analytics Abroad
More data is being collected and analyzed than ever by businesses all around the globe. You’ll study how to utilize data to assist businesses as well as other establishments make vital decisions & promoting change.
You’ll extend your possibilities and also have a wider range of courses to pick from if you study MSc in Business Analytics abroad. You can take advantage of the top courses offered by universities from across the world & learn how different countries approach data utilization.
MSc in Business Analytics UK
MSc in Business Analytics in the United Kingdom is a difficult program with a high placement rate. Businesses & organizations around the world collect data & preserve it since the beginning of their operations to keep track of their growth.
Eligibility:
- Minimum 60% in honors degree in management, engineering, or related field.
- IELTS score required – 6.5-7
- GMAT – 650
- TOEFL – 92-100
Requirements:
- Academic transcripts
- LOR
- SOP
- Personal statement
- Resume/CV
- Computer programming experience
- Study permit
Fees:
| University | Total fees (in GBP) |
| Imperial college business school | 29,500 |
| Alliance Manchester business school | 24,000 |
| University of Edinburgh business school | 24,900 |
Also read :
MSc in Business Analytics USA
In the United States, about 150 universities offer MSc in Business Analytics. MSc in Business Analytics degrees in US universities might cost anywhere between 20,000 and 80,000 dollars (annually). With 2.2 trillion Gigabytes of data surrounding global trade, there is a growing demand for certified qualified experts who can use and analyze information for organizations.
Eligibility
- 3- year undergrad degree with 3.0 GPA
- IELTS – 6.5 to 7
- TOEFL – 84 to 100
- GRE – 157 to 168
- GMAT – 640 to 700
Requirements:
- Scores of standardized or ELP tests
- SOP
- 2-3 LOR
- Work experience
- Academic transcripts
- Resume/CV
- Computer programming experience
- Study permit
Fees:
| University | Fees/year (in USD) |
| MIT Sloan | 77,168 |
| New York University | 76,780 |
| University of Pennsylvania | 80,400 |
MSc in Business Analytics Canada
In Canada, an MSc in Business Analytics is offered as an MBAN or a Mba with a specialty in business analytics. In Canadian universities, the typical tuition expense for an MSc in Business Analytics is between 20,000 and 50,000 USD. This is estimated to be 36.81 lakhs for Indian graduates.
Eligibility:
- 16 years of education completed (10+2+4)
- Finishing a 4-year undergraduate curriculum with linear algebra, stats, and calculus as a prerequisite.
- 3.0 GPA, implying a percentage grade of 76-81 % & letter grade B+.
- GMAT – 600 to 680
- IELTS – 6.5 to 7
- TOEFL – 87 to 100
Requirements:
- Academic transcripts
- LOR(s)
- SOP
- Language proof
- Essays
- Computer programming & data analytics skills are a plus.
- Interview
- Study permit
Fees:
| University | Fees/year (in USD) |
| University of Alberta | 43,000 |
| Carleton University | 38,500 |
| York Schulich school of business | 38,500 |
MSc in Business Analytics Ireland
Because of Ireland’s top-notch education system, career prospects in top organizations, and excellent wages, many overseas students prefer to study MSc in Business Analytics in this country. An MSc in Business Analytics also provides a variety of analytical methodologies for solving problems & decision-making, particularly in the setting of enormous volumes of data.
Eligibility:
- Minimum 60 to 70% in Hons. Degree in computer and IT.
- Overseas students/candidates can submit an equal UG degree.
- Candidates with having business background must have MIS, Quantitative or Mathematics courses in their program.
- IELTS- 6.5
- TOEFL- 90
- GRE/GMAT is not mandatory in every university.
Requirements:
- CV/Resume
- LOR(s)
- SOP
- Language proof
- Study permit
Fees:
| University | Total Fees (in EUR) |
| University of Technology, Chemnitz | Free |
| Gisma Business School, Berlin | 16000 |
| Otto Von Guericke University | Free |
Check out : MBBS In Australia For Indian Students
MSc in Business Analytics Australia
The need for professional business analytics programs is growing in tandem with the growth of the analytics market. In response to rising demand, many of Australia’s top universities have included MSc in Business Analytics among the courses they offer. In Australia, an MSc in Business Analytics is a two-year program that costs between 40,000 and 78,000 Australian dollars. This equates to 21-38 Lakhs for Indian candidates.
Eligibility:
- UG degree in engineering, CS, Maths, Physics, Information Systems, Economics or Finance
- Completion of a 3years UG course with theories on quantitative aptitude, probability, and regression analysis.
- IELTS– 6.5 TO 7
- TOEFL– 79 TO 100
- GMAT– 550
- GRE
Requirements:
- Academic transcripts
- CV/Resume
- Letter of Recommendation
- SOP
- Work experience (if required)
Fees:
| University | Total Fees (in AUD) |
| University of Melbourne | 55,000 |
| University of Technology, Sydney | 61,300 |
| University of Western Australia | 77,200 |
MSc in Business Analytics Germany
An MSc in Business Analytics is a one – 3 year program provided by almost 10 German universities. This curriculum teaches scientific approaches for assessing and managing complex financial and managerial interactions in fields like operations, supply management, and logistics, and many others. The cost of an MSc in Business Analytics in Germany is between 16,000 and 21,000 €, also depending on the institution.
Eligibility:
- Bachelor’s degree in areas such as finance, business, CS, management, marketing.
- Internship or work experience in a relevant field.
- IELTS- 5.5 (minimum)
- TOEFL- 72 (minimum)
- GRE/GMAT- if required
Requirements:
- Resume/CV with photo
- LOR(s)
- Internship report
- Academic transcripts
- Photocopy of passport
- Essay
- Statement of purpose (if required)
- Officially attested bachelor’s degree copy
Fees:
| University | Total Fees (in EUR) |
| University of Technology, Chemnitz | Free |
| Gisma Business School, Berlin | 16000 |
| Otto Von Guericke University | Free |
MSc in Business Analytics Singapore
Singapore is a famous business and educational center that attracts learners from throughout the world. Local universities/colleges have strong academic standards & offer outstanding courses, placing them among the finest in Asia. Economics, business & trade offers some of the finest study courses.
Eligibility:
- Bachelor’s degree in any area
- GMAT/GRE accepted
- A minimum of 2.8 GPA is required
- IELTS– 6.5
- TOEFL– 72 to 95
- GMAT– 550 to 600
Requirements:
- Academic transcripts
- Work experience (if required)
- Letter of Recommendation
- Language proficiency score
- SOP
- Portfolio (if required)
Fees:
| University | Total Fees (in SGD) |
| NUS Business School | 68,000 |
| James Cook University | 38,500 |
| Nayang Technological University | 48,800 |
FAQs
Ans: A master’s in business analytics is worth the investment if you want to learn how to use and interpret data to solve complex business problems, you want to increase your decision-making power at your organization, and you choose the right program—one that that provides you with the ability to not only do the technical
Ans: Popular countries for Masters in Business Analytics
The USA is home to some of the best business schools and universities and demand for business analysts is the highest.
Switzerland.
Netherlands.
United Kingdom.
Ireland.
France.
Germany.
Singapore.
Ans: Based purely on the numbers, a master’s in data analytics is worth it. If you want to be totally sure that you get a big salary bump after earning this degree, choose a data science-focused program that includes core classes in data engineering, machine learning, and other high-tech topics
Ans: Is Business Analytics a good career? Yes! Business Analytics is an excellent option for you, no matter which department or industry you work in.
Ans: One to Two Years
M.S./B.A. degrees usually take one to two years to complete. You’ll typically be required to take a variety of core courses in data analytics and business (e.g., financial accounting), as well as electives in a specific field of interest. Many programs include a capstone project or practicum.
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