Top Reasons to Study MS in Business Analytics in UK in 2023

What is MS in Business Analytics?

The Master’s in Business Analytics is a STEM-designated one-year (12 months) program that equips you with the skill set necessary to analyse large data sets and generate insights through data visualisation, statistical modelling and data mining techniques.

The degree will provide you with a holistic approach to the field and develop expertise in data management, machine learning and predictive analytics, along with a strong business foundation.

The curriculum emphasises industry experience, exposure and collaboration across various analytics projects. Every industry uses technology to generate new data, and they need analysts to interpret that data to understand customers, develop new products and enhance revenue. In the UK, universities normally offer MSc in Business Analytics programs.

Some core courses taught in the UK include Applied Statistical Modeling, Management Science, Applied Forecasting, Decision Analysis, System Simulation and Data Mining for Business Applications, among others.

Why Study MS in Business Analytics in UK?

Master’s in Business Analytics is one of the most sought-after programs in the UK. With the advance of technology, the analytics and data science industries have undergone a paradigm shift and have also experienced a surge in student interest in recent years.

Top Universities: The UK is home to one of the largest numbers of international students. The country has some of the best institutions globally, with many continuously rating high in global university rankings. Imperial College Business School, Manchester (Alliance), Warwick Business School, and University of Edinburgh Business School offer the best MSc in Business Analytics programs among many other schools.

Top MSc in Business Analytics courses in the UK

School	QS Ranking
Imperial College Business School	5
Manchester (Alliance)	16
Warwick Business School	17
University of Edinburgh Business School	19

Job opportunities: Pursuing a Master’s in Business Analytics in the UK is a good idea because the country houses some of the best higher education institutions. The overall demand for skilled Business Analytics professionals is rising. As an experienced Business Analyst, you could expect a salary of between £50,000-£70,000, although rates are highly influenced by location and your key skills and experience. For those looking to start out in Business Analyst jobs, who have already obtained a degree, you should expect a salary of around £30,000.

Learnings: The MSc Business Analytics programs are designed with a strong focus on employability and are ideal for those with a numerical background looking to hone their skills in the key aspects and technologies of data management, business management, business intelligence, cyber security and data analytics. 

MS in Business Analytics in UK: Careers & Salaries

The UK is the best place for fresh graduates in this field. With the world trade depending so much on data, a need for trained, skilled professionals to utilise and analyse this data for businesses is also rising. Major organisations and firms prefer hiring fresh graduates in Business Analytics. Brands like BCG, McKinsey, IBM, and BMW flock to university graduates in the field. 

Graduates of the course find flourishing career opportunities in fields like Market Research, Supply Chain Management, Project Management, or Consultancy. Some of the popular jobs in the USA and their salaries are tabulated below:

Job Prospect	Average Annual Salary
Financial Analyst	£38,197
Business Analyst	£50,065
Management Analyst	£46,450
Business Data Analyst	£44,989

MS in Business Analytics in UK: Admissions

The application process of MS in Business Analytics programs in the UK is quite rigorous. Preparing for it at least a year before the deadline is advised. The tuition fee ranges for international students from £20,000-£35,000 per year, depending on the university.  

Eligibility for MS Business Analytics in UK

Universities in the UK offer MS in Business Analytics programs with some standard entry criteria. Students must meet the basic eligibility requirements to fulfil the admission criteria and get a chance to study at top-ranked universities. 

• A good GPA in bachelor’s degree and high school. The GPA requirements will not be the same for every university. Schooling of 12 years from a recognised board of study is essential. You must have studied Mathematics, Statistics, Computer science, Engineering, Physics or a quantitative economics degree at the undergraduate level.
• IELTS/TOEFL English language proficiency test scores are necessary for admission. 
• An updated resume with some prior job experience is essential for some universities.
• Standardized entrance examinations like GRE and GMAT are essential eligibility criteria for an MS in Business Analytics. Students need to check the university’s website to know the score requirements for each university. 
• Passports, identification proof, and proof of funding are essential. Universities need at least two letters of recommendation and a statement of purpose.

Also Read: How long are GRE scores valid? Here’s what you should know about GRE score validity

Documents Required

Students applying for MS in Business Analytics in the USA must provide relevant admission documents. Here’s a list of documents required:  

• Academic transcripts are essential. They must include certificates and mark sheets from high school and graduation. 
• Test scores like IELTS, GRE/GMAT
• Universities in the USA need a minimum of two letters of recommendation. These can be from past employers or faculty members. 
• A well-drafted Statement of Purpose
• A valid passport and other national identification proofs
• Proof of funding.  
• An updated resume is essential. If you have prior work experience, it may help waive the need for GRE test scores. 
• Photographs
• For every university, there will be an application fee. The fee payment acknowledgement slip is an important document to confirm the application.

Also read: Dates of IELTS Exam 2023: Check IELTS Test Dates & Locations in India!

Finding the best scholarships based on your interests and skills is a challenge. Start your scholarship search by choosing your country and degree. LeapScholar’s scholarship finder provides a free, up-to-date, comprehensive list of scholarships, grants and other awards that are available to international students from different parts of the world. 

Testimonials

“I did my BSc in Maths, Statistics and Economics from St. Xavier’s College, Mumbai. After that, I worked as a Data Analyst in a startup based out of Bangalore. When I decided to pursue my master’s, I applied to all the top schools in the UK and Ireland. I selected Imperial because I wanted to choose a program that focuses on academics and career prospects. I went on the websites and checked which university had the most promising career department, and Imperial stood out. Business Analytics is a very competitive program since it is very much in demand. One thing that worked for me to get an admission offer and an Imperial Excellence Scholarship was that I did not include a common point in any application answers. All my answers were unique. It made my profile more diverse. I recommend making your CV according to the sample provided by the university. Also, apply in the first round for scholarships, as it will also give you an idea about other colleges. It will be a lengthy application process so give enough time to your SoP.”

Sanshya Kapoor, Imperial College London

MSc Business Analytics, 2022-2023

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