Masters in Business Analytics (MSBA) In UK
The UK remains a popular choice for students for their higher studies, especially a Master in Business Analytics (MSBA). This high demand from the student community can be attributed to the UK’s much evident teaching excellence and a unique blend of cultures it offers amidst a breathtakingly beautiful backdrop. Masters in business analytics in uk could give your career the boost it needs.
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Engineering, science, art and design, business and management, law and finance are just a few of the fields in which the United Kingdom is a world leader. The United Kingdom’s status and tradition as a global centre for scientific study attracts some of the world’s most brilliant minds. The United Kingdom has a world-renowned educational system that can help you advance in your career. Every year, it enrols over 600,000 international students in a wide range of programmes, from English language courses to PhDs. Students in the United Kingdom have the opportunity to combine courses and subjects from several fields of study, allowing you to design your degree to your specific needs and interests.
The UK’s educational institutions consistently rank among the best globally, and their qualifications are appreciated and recognised around the world. The teaching and learning methods practised in the United Kingdom allow you to be creative while still developing your skill sets and confidence. As a student, you will have the opportunity to learn from some of the world’s top academics and specialists, as well as receive ongoing academic support. In addition, the United Kingdom is the birthplace of English, making it a perfect location for improving language abilities and increasing work opportunities.
The United Kingdom is a fascinating blend of various cultures and modern thought, bound together by a strong sense of identity and heritage. As an international student, you’ll have a plethora of interesting opportunities ahead of you, including the chance to see exotic locations and meet new people. You’ll find that many UK customs are already known to you because the UK is a global city, and you’ll settle in faster than you think and the beaming reason why people want to pursue masters in business analytics in UK.
London Business School
• Masters in Analytics and Management (MAM) from LBS is a 12-16 months full-time program.
• The fee for the entire MAM program is £39,200.
• Average base salary of MAM graduates is £38,346.
• 0-2 years of work experience.
• A GMAT or GRE test scores are required.
• You need to provide your IELTS, TOEFL, Cambridge CPE, CAE, or PTE Academic score if you are not residing in an English-speaking nation.
University College London
Score Course Details-
• MSc in Business Analytics from University of College is a one-year full-time program.
• The fee of each semester for Non-EU students is £36,100.
• A Bachelor’s degree with a minimum overall CGPA of 7.75/10, 6.25/8.0, 5.75/7.0, 4.25/6.0, 3.3/4.0, or 60% where a GPA scale is not used.
• An overall grade of 7.0, with a minimum of 6.5 in each band in IELTS.
University of Strathclyde
• MSc/PgDip Business Analytics University of Strathclyde is a one-year full-time program.
• The fee for Non-EU students is £21,850.
• An undergraduate degree with at least 60% aggregate.
• An overall grade of 6.0, with a minimum of 5.5 in each band in IELTS.
• MSc in Business Analytics from Lancaster University is a 12-month full-time course.
• The fee for international students is £29,360.
• Bachelor’s degree at least 3 years in length with at least 60% overall, with at least 55% in each year (year 2 onwards).
• An overall grade of 7.0, with a minimum of 6.0 in each band in IELTS.
Warwick Business School
• MSc Business Analytics from Warwick is a one-year full-time program.
• The fee for the entire program is £31,500.
• You can get an average Salary of £27,453 after completing the degree.
• A recognised undergraduate degree
• A GMAT or GRE exam score is required.
• A minimum IELTS score of 7.0 or TOEFL – 100 or PTE – 70 or equivalent test is required if you are a national of a non-majority English speaking country.
Cass Business School
• MSc in Business Analytics from Cass Business School is a one-year full-time program.
• The fee for the entire MBA program is £29,500.
- A recognised bachelor’s degree.
- Students with a degree that includes quantitative topics are sought and such degrees are actuarial science, business, computer science, etc.,
- A minimum IELTS score of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.
Imperial College Business School
• MSc in Business Analytics from Imperial College London is a one-year full-time program.
• The fee for the entire MBA program is £34,300.
• A three to four-year Bachelor’s degree from a recognised university passed with a final mark of at least 70% or CGPA of at least 8.0/10
• A GMAT with a minimum of 650 points.
• A minimum IELTS score of 7.0, or TOEFL – 100 or Duolingo – 125 or a degree studied in and awarded by an English-speaking country.
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Why study Masters in Business Analytics in UK
The United Kingdom remains a sought-after destination for students pursuing higher education, particularly a Master in Business Analytics (MSBA). The UK’s well-known teaching excellence and the unique blend of cultures it offers set against a breathtakingly picturesque environment account for the high demand from students. Studying business analytics in UK could give your career the boost it needs. Here are five reasons to pursue an MSBA in UK:
High in Demand:
While the Master of Business Analytics programme is relatively new, it is gaining popularity among major multinational corporations throughout the world. Companies that do not have an in-house Business Analyst often outsource their services to Business Analytics firms. Because of the growing interest in business analytics in the IT industry, several business schools have begun to offer Master’s degrees in the subject.
Candidates with a Master in Business Analytics earn a lot of money. The average salary is £38,000, to give you an idea. In the United Kingdom, 70 percent of Masters in Business Analytics graduates are employed.
Various Job Profiles:
Even if a candidate holds a degree in Masters in Business Analytics, it doesn’t mean he/she has to be a professional Business Analyst. There are numerous job profiles available for MSBA in UK graduates, such as Market Research Analysts, Financial Analysts, Statisticians, etc.
Business Analyst jobs are expected to grow by 20% by 2022. As a result, the demand for Business Analysts is expanding and will continue to grow in the future. Seventy percent of businesses either have or are developing a digital transformation strategy. Another explanation for the rapid expansion of business analysis careers is this. Master in Business analysts help with digital transformation by building information systems that carry out the company’s goal, and 77% of these professionals say they are active in digital projects.
Specialization and Courses for Masters in Business Analytics in Uk
A Master in Business Analytics is a perfect blend of Data Science, Business Intelligence, Information Theory, and Computer Science. Its primary aim is to transform heavy data into actionable intelligence using different quantitative and statistical methods. In simple words, Masters in Business Analytics is concerned with mining data in order to achieve particular business objectives; instead of focusing on measuring past performance, it’s more concerned with predictive and prescriptive techniques.
The Master in business analytics in UK comprises a colourful curriculum, covering subjects from all fields of expertise. This ensures that the student has ample choices for a career in Business Analytics. The leading universities in the UK offer a master’s in pure Business Analytics and an additional course. Some of the main pathways and specialisations within the subject are listed below:
- Masters in Business Analytics
- MSc. In Business Analytics and Decision Science
- MSc. In Business Analytics and Management Science
- MSc. In Information Science and Business Analytics,
An MS in Business Analytics is intended to help you identify opportunities hidden in big data and apply these findings to real-world business challenges. Data analysts provide organisations with ideas for smarter strategic management, improved financial performance and better operational efficiencies. It’s a wide-ranging and challenging discipline. Successful graduates may find themselves analysing everything from consumer behaviour and social media to supply-chain and marketing data. In addition to the main curriculum, most schools provide a wide range of electives (for example, international marketing) as well as an internship or practicum.
Typical courses include
- Applied Systems Analysis.
- Business Intelligence.
- Marketing management.
- Advanced marketing analysis.
- Customer analysis.
- Database management.
- Data mining and visualisation.
- Statistical programming.
- Quantitative methods.
- Applied marketing research.
- Information Systems Methods.
- Business Analysis.
- Digital Marketing Tools.
- Strategic Management of IS.
- Fundamentals of Project Management.
- Business Statistics and Forecasting.
- Data Analytics and Predictive Modelling.
- Financial Management for Decision Makers.
Eligibility Criteria for Business Analytics in UK
Entrance to a master in Business Analytics in the UK is highly competitive. You can increase your chances of a successful application by exceeding the minimum programme requirements.
- An undergraduate degree in any disciplinary area related to management science, operational research, physics, computer science, statistics, econometrics, mathematics, engineering, or business and management, which incorporates a distinct quantitative element, is required.
- A GPA of 3.0 in undergraduate in either all four years or the past two years. Candidates with 3-year undergraduate degrees will be evaluated holistically for admission.
- GMAT or GRE scores: Each university has its own set of score criteria for these tests. A strong score will boost your chances of admission to a prestigious university.
- Documents demonstrating English proficiency: TOEFL and IELTS scores differ across the university. A solid score will raise your profile once more.
- Calculus knowledge is required at several universities. Quantitative Foundations in Business is a prerequisite for candidates who have not completed their undergraduate calculus course.
For admission to the MSBA in UK, meeting the eligibility criteria alone may not ensure admission. The general eligibility criteria for a master’s in Business Analytics in the UK includes the following documents mentioned below:
- Academic transcripts
- GRE/GMAT score
- English Language proficiency scores (TOEFL/IELTS/PTE)
- Statement of Purpose
- Letters of recommendation
- A valid Passport
- Confirmation of Acceptance for Studies (CAS) reference number and documents required for getting CAS
- Certain institutions may require additional copies, and the institution-specific requirements may vary from one institution to another.
Exams Required for Masters in Business Analytics in UK
You must submit scores from one or more standardised graduate admissions examinations if you’re applying for a graduate-level degree, particularly a master’s programme. These are internationally administered assessments designed to guarantee that applicants are equipped for advanced study in their home country or abroad.
Here’s a fast guide to help you figure out which graduate admissions tests are right for you, what questions to expect, and what to do next.
GRE (Graduate Record Examination)
GRE scores are used to assess applicants’ academic readiness for graduate school in various professions. Some departments may require the General Test, while others may require one of the GRE Subject Tests. The Subject Tests evaluate specific knowledge, but the General Test evaluates verbal reasoning, numeric reasoning, and analytical writing.
The Verbal and Quantitative Reasoning scale is 130-170, with 1-point increments. Analytical writing is graded in half-point increments on a scale of 0-6. Although the GRE cannot be passed or failed, institutions and departments may demand specific GRE scores. You can retake the GRE if you are unsatisfied with your scores up to five times in 12 months and once every 21 days.
GMAT (Graduate Management Admission Test)
The GMAT is considered valid to determine a candidate’s readiness for business school by evaluating verbal, numerical, and analytical abilities.
The GMAT is divided into four sections:
Analytical writing assessment: An essay analysing an argument (30 minutes).
Integrated reasoning: 12 multiple-choice questions that assess a candidate’s ability to evaluate information presented in various formats and from various sources (30 minutes).
Quantitative: Questions assessing the candidate’s problem-solving and data-understanding abilities (31 questions in 62 minutes).
Verbal: Multiple choice questions to test the candidate’s ability to comprehend written material, analyse arguments and edit written material to adhere to standard English (36 questions in 65 minutes).
The verbal and quantitative components are each given a raw score ranging from 0 to 60 (in 1 increment); the analytical writing assignment is graded on a range of 0 to 0.5; the integrated reasoning section is graded on a scale of 1 to 8. (increments of 1).
The verbal and quantitative components are each given a raw score ranging from 0 to 60 (in 1 increment); the analytical writing assignment is graded on a range of 0 to 0.5, and the integrated reasoning section is graded on a scale of 1 to 8 (increments of 1). There are no simple passes or failures, and the score you need will vary according to the school to which you apply.
TOEFL (Test of English as a Foreign Language)
In nations where English language proficiency is essential to acquire a visa, TOEFL scores are accepted as proof. The test is broken down into four parts:
Reading: Questions based on three or four passages from academic texts (36-56 questions in 60-80 minutes).
Listening: 34-51 questions will be asked based on audio recordings of classroom discussions, lectures and conversations (60-90 minutes).
Speaking: Six tasks will be conducted requiring candidates to talk about a familiar topic relating to the material in the listening and reading tasks (20 minutes).
Writing: Two essays are required. The first will be based on topics introduced during the reading and listening tasks, and the second will ask candidates to express and support an opinion (50 minutes).
Each section is given a score of 30 points for 120 points. Test-takers also receive comments on their performance. The purchase of the test includes up to four free score reports, with further reports available for a price.
IELTS (International English Language Testing System)
IELTS General and IELTS Academic Training are the two variants of the test. Both are organised into four portions, with the Listening and Speaking sections having the same content as the Reading and Writing sections. The Academic edition emphasises English in a higher education setting, whereas the General Training version emphasises workplace and social scenarios.
Listening: Questions will be based on four recordings of conversations and monologues. The audio content includes a variety of accents. (40 questions in 30 minutes).
Reading: Questions will be based on three text passages. These texts for the IELTS Academic may feature graphs or graphics and come from various sources, including books, journals, and newspapers. (40 questions in one hour).
Writing: For the IELTS Academic, there are short formal essays and a task in which candidates must explain or describe a chart or other diagram (one hour).
A face-to-face interview where participants must respond to basic inquiries about themselves and familiar themes, speak on a specific topic, and participate in an organised discussion. This section can last for 11-14 minutes.
Each of the four divisions is numbered one through nine, one representing a non-user and nine denoting an expert user. On the same scale, candidates receive an aggregate overall score. The institutions themselves set the goal scores. There is no limit to how many times you may take the test.
Cost of studying Master in Business Analytics in UK
In comparison to other popular destinations, studying in the UK is less expensive. The particular one-year time period helps complete a standard two-year master’s in advance. The tuition fee for a master’s in Business Analytics in the UK is different for different institutions. Top-ranked institutions generally have higher tuition fees in comparison. In the UK, however, the average tuition expense for a full-time master’s in Business Analytics ranges from £18,000 to £29,000.
In terms of living expenses, they will vary substantially based on your lifestyle, spending habits, and budget. These costs are calculated monthly. You can estimate your costs based on how long you plan to stay in the UK.
|Gas and electricity||£60|
|Stationery and textbooks||£40|
|Travel (buses, trams, and trains)||£90/month (one bus ride: £1.50)|
|Dinner at Restaurant||£15|
Jobs after Master in Business Analytics in UK
After earning a Masters in Business Analytics in UK, one can pursue a variety of career paths, but they often focus on locating data and devising ways for the extraction of the same.
Business Analyst (Consultant /Manager):
As a Business Analyst Manager, you should have a strong understanding of technological tools, data collection and processing, data analytics foundation approaches, and team management. Communication, leadership, and strategic thinking are other important skills to have as a Business Analyst Manager. A Business Analyst’s (Consultant/Manager) average income is roughly £65,889.
Quantitative Modeller/ Analyst:
As a Quantitative Analyst/ Modeller, you have to work with comprehending data models and create a strategy to support business decisions. You must have a good background in Computer Science, Mathematics, Science, and Engineering for this position. Mathematical models are more valuable because they provide actual conclusions and reduce the hazards associated with human reasoning. The average annual income of a Quantitative Analyst/Modeller is around £75,557.
Business Analyst (Data):
In this job profile, your work is more emphasis on data. You must be familiar with the technical modules associated with data manipulation and management. A Business Analyst uses this information to gain insights into the business and design strategies to solve business-related problems, whereas a Data Scientist creates a visual representation of data and generates actionable information from it. The average annual income of a Business Analyst (Data) ranges around £36,535.
Data Scientist focused on Technology:
If numbers and statistics are not your things, you should focus on the technological side of business analytics. Databases, coding, high-performance computing and parallel processing, and machine learning will all be used here. The average income of a Data Scientist is around £52,052.
Masters in Business Analytics in UK Without GMAT
There are several top-notch colleges in the UK that offer Master in Business Analytics without GMAT. Therefore, we’ve put together a list of a few top Universities offering Masters in Business Analytics in UK without the GMAT.
Imperial College London
The Imperial College London has a long and illustrious academic history. The MSc Business Analytics will teach you how to make business decisions using analytical and computing technologies. You will obtain real-world experience this way. Standard admission tests, such as the GMAT, are not required for admission to MSc Business Analytics.
The University of Warwick
Warwick has a unique approach for its MSc Business Analytics course. It exposes students to real-world settings in order to develop them into effective professionals. Even if you are not required to submit GMAT/GRE scores when applying to the university, it is recommended that you take one of the tests ahead of time to give yourself an advantage over other applicants.
Back in 1951, Alliance Business School was the first of its kind, specialising in business. It provides a well-rounded MSc Business Analytics programme with in-depth classroom instruction to help you develop practical skills.
During the application procedure, you are not required to provide any further aptitude test scores.
Lancaster is consistently placed among the top ten institutions in the United Kingdom. Lancaster is one of the few colleges that teaches the entire business analysis life cycle in the MSBA programme. You will understand the entire process of business analysis as a student, from discovering and analysing data to developing effective plans. You don’t have to submit a GRE/GMAT score as part of your application here, either.
University of Edinburgh
Since its founding in 1583, the University of Edinburgh has been at the forefront of worldwide education. The university provides a master’s degree in Marketing and Business Analytics, which combines two “hot” fields into one programme. Overall, this is a demanding academic course that will prepare you for a successful career in business. You do not need to take aptitude tests such as the GMAT or GRE to apply here.
The cheapest MSBA in UK for Indian students
Nowadays, Indian students are getting inclined to get a degree abroad in countries like the UK, where there are strong educational links. Below is a list of the top affordable UK universities for Indian students.
The University of Manchester
The University of Manchester offers a 12-month course in Business Analytics. It is one of the best colleges in the UK as well as the world. A first or upper second class honours degree in a quantitative discipline from a UK university or its international equivalent is required. Besides, there are scholarships available for Indian students.
Average tuition fees – £27,500/year
University of Leeds
The University of Leeds offers the academic brilliance required for the MSBA programme. Students are instructed by a group of well-known academics and business professionals with extensive experience in the industry. This aids students in gaining additional knowledge to supplement their theory and practical study.
Average tuition fees – £25,750/year
University of Edinburgh
The University of Edinburgh’s Business Analytics programme focuses on helping students improve their decision-making abilities. The focus is on three aspects: learning different business contexts, the importance and relevance of organisational decision-making problems, and how to solve them with useful strategies.
Average tuition fees – £27,500/year
University of Warwick
The Warwick Business School is well-known for its business programmes, which include a master’s degree in business analytics. The curriculum teaches students how to apply theoretical and practical strategies for dealing with massive data sets to business concerns.
Average tuition fees – £31,500/year
Imperial College London:
When it comes to Business Analytics degrees, Imperial College of London has a stellar reputation. The MSc Business Analytics programme at ICL ranked third in Europe, prepares graduates for a future of data-driven and evidence-based decision making.
Average tuition fees – £34,300/year
The response to pursuing an MS in Business Analytics, as well as the market need for the same, has been phenomenal. The professional scope, employment rate, income preferences, and credibility are all elements that make it a viable career option.
So, if you envision a life where you have a busy work schedule that requires you to crunch numbers and manipulate data, and you enjoy determining the best solution set in difficult situations and have a solution-oriented approach with a high level of emotional intelligence, then it is highly recommended that you embark on an exciting journey in the data chunk market to kickstart your career!
What is the average cost of MSc in Business Analytics or MSBA from the UK?
If you are applying to a top university in the UK for an MSc in Business Analytics, the fees will fall somewhere between £25,750 and- £35,100.
What is the average salary that MSBA graduates from the UK can expect?
MSBA graduates from the UK can expect an average starting salary of £42,600.
What is the duration of MSBA from UK?
Usually, MSBA programs from the UK are completed within one year. However, the duration can range anywhere between 1-2 years.
What are the prerequisites for joining an MSBA in the UK?
Before you apply for an MSBA, there are a few prerequisites for you: GMAT or GRE Score, English Language Test Score, Essays, Resume, Academic and professional recommendation letters, and post-graduate work experience (which varies with each university).
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