Why MSc Business Analytics popular in the UK? - AHZ Associates

AHZ Associates

192
views

Masters in Business Analytics in UK Universities comprises a broad course curriculum that helps to multiply the importance and popularity...

Why MSc Business Analytics popular in the UK?

Masters in Business Analytics in UK Universities is comparatively a new postgraduate program and becomes popular in the UK where students will attend lectures and get an extraordinary learning experience. The unique subject represents a new dimension and is away from other traditional courses. It is a one-year, full-time program that deals with a real business problem and shows the pathway of business planning as well as statistical methods. Students become get involved with the excellent cultural, business, and financial learning environment in the heart of London. Thus, the unique postgraduate program opens the door to future career growth in business professionals.

In the process of learning Business Analytics, students achieve the quality and skills of impartiality in decision making whether it is internal or external problems. So, the rising interest in business analytics has largely been driven by UK universities. Therefore, in most of the world’s prominent companies like Silicon Valley, Business Analytics is inevitable.

Categories of Business Analytics

Students from all over the world go for Masters in Business Analytics in UK Universities because of their creativity in the research field. The word ‘Analytics’ explains data-driven decision-making and deals with a world business problem. So, Business Analytics must have some features that inspire students to gather the latest or up-to-date information. There are three main characteristics of business analytics that increase students’ ability to predict sharply and operate a business smoothly. They are as follows:

Descriptive Analytics describes business occurrences
Predictive Analytics identifies what could happen in a business, and
Prescriptive Analytics tells what should happen in a business.

Apart from that, there are lots of skills in the business analytics sector from which students become benefitted. It also differentiates Business Analytics and Business Intelligence. Business Intelligence shows how to run the business efficiently whereas Business Analytics deals with analyzing the past data in recent scenarios and getting ready for future businesses.

Major Skills and knowledge you will gain studying this course

It is few and far between to get the combination of technology and business all-in-one platform. For this reason, it becomes an ideal study option for anyone to enjoy this exciting programming or working with big data.

Analytical skill

By analyzing large data sets students gain knowledge on how to find a creative solution. For instance, they learn an understanding of consumer behavior and buying decisions as well as marketing strategy, business strategy and new business ventures.

Communication

Developing communication and presentation skills is another purpose of a business analytics degree. It remains an indispensable skill during studying Business Analytics. To adapt the communication style students prove their eligibility on the technical and business side.

Technical

Students learn programming languages such as Java and C++ in this sector. Different kinds of testing methods and databases are available students get experienced with.

Time management

Masters in Business Analytics in UK Universities teach how to manage time effectively in studies and beyond. So that, this transferable skill enhances students’ determination on managing projects and delivering important timeframes.

Major Courses of Masters in Business Analytics in UK Universities

Masters in Business Analytics in UK Universities comprises a broad course Curriculum that helps to multiply the importance of the course and its ‘popularity in the global market. Some of are given below:

Quantitative Methods
Financial Management
Managerial Economics
Operations Management
Management Information Systems
Human Resource Management
Financial Accounting
Financial Analytics
Marketing Management
Optimization Analytics
Organizational Behaviour
Stochastic Modeling
Statistical Analysis
Business Intelligence
Data Modelling
Research Methods
Managerial Communication
Computational Methods
Predictive Analytics
Strategic Management
Risk Management
Operations & Supply Chain Analytics
Marketing Analysis
HR Analytics
Data Mining
Big Data Analytics
Simulation Modeling
Ethical & Legal Aspects of Analytics
Analytics, Systems Analysis & Design
Project Management
Industry Internship Programme
Professional Development
Analytics Capstone Project
Elective Paper, and so on.

Business Analytics’ Impressive Career and the Employability in the UK

No doubt that Business Analytics graduates have a wide range of career opportunities to explore. The global business analytics industry demands to be $71.1 billion by 2022 which is growing rapidly at a CAGR of 7%. Especially, multinational companies offer a great opportunity as well as impressive salary for specific business strategy and communication with stakeholders. A satisfied employability rate is found for Business Analytics, 98% within 3 months of completion. The Business Analytics job sectors offer almost £46,883 on average in London, UK. The starting salary range for Business Analytics is around £21,000 to £31,000 whereas Experienced business analysts can earn more than £50,000.

Business/analytics translator
Market research analyst
Project manager
Chief technology officer (CTO)
Statistician,
Data Scientist,
Machine learning engineer
Data architect
Data Business Analyst
Business Analyst Manager/ Consultant.
Chief data officer (CDO)
Application architect
Quantitative Analyst/Modeler, and so on.

Famous business analyst certifications/ accreditation

The business analyst offers certifications to promote the business analyst career or change career paths. Some popular certifications are given below to get experienced with:–

Certified Analytics Professional (CAP)
IIBA Entry Certificate in Business Analysis (ECBA)
IIBA Certification of Competency in Business Analysis (CCBA)
IIBA Certified Business Analysis Professional (CBAP)
IIBA Agile Analysis Certification (AAC)
IIBA Certification in Business Data Analytics (CBDA)
IQBBA Certified Foundation Level Business Analyst (CFLBA)
IREB Certified Professional for Requirements Engineering (CPRE)
PMI Professional in Business Analysis (PBA)
SimpliLearn Business Analyst Masters Program, and so on.

Funding/ Scholarships

There are number of Scholarships, bursaries, and additional financial support offers by the University which could be full or partial and require to apply with in the deadline. Some of are given below:

Program and School Scholarships,
Society Scholarships (UK)
Chevening Scholarships,
Commonwealth Scholarships,
Postgraduate Tuition Fee Loans (PTFL)
Alumni (Visiting Undergraduate) Scholarship Scheme,
Graduate Scholarship Scheme,
Tuition Fee Alumni Scholarships,
GREAT Scholarships for a sustainable future,
Global scholarships,
Country-specific scholarships,
Science and research funding,
Commonwealth Scholarships,
Chevening Scholarships, and so on.

Why is MSc Business Analytics popular in the UK? 4

Some of the best Colleges/Universities in the UK

Business Analytics is an amalgamation of Data Analytics and Business Intelligence that promotes Business-related programs. Therefore, Business Analytics plays an important role in using knowledge of computer programming and statistical modeling. Over here, the famous Universities in the UK are included that offer MSC in Business Analytics and Business Analytics Programs: