The Benefits of Business Analytics
What is business Analytics?
Students can enrol in a Business Analytics and MSC in Business Analytics Programme in a university
in the UK. MSc stands for Master of Science, and it’s a postgraduate programme that several universities
across the world offer students.
Business analytics involves students answering questions such as what the outcome of a certain trend would be and the reason why certain situations take place. The programme also teaches students various statistical techniques and methods that they can use to make valuable predictions for operating a business and making informed decisions regarding it.
Business Analytics Intakes and Fee Structure
Most UK universities offer
a one-year, full-time business analytics programme costing around £19,000 to £21,000 on average. International
students can also choose a two-year, part-time programme or a two-year, full-time programme with job
placement.
What Does Business Analytics Entail?
Business analytics prepares students to progress in their chosen career as business analysts and develop and hone the
ability to make critical business decisions about data and information in a confident manner.
Most programmes focus on two crucial areas of study. They include analysing business data and utilising data to
resolve a wide range of challenges that businesses most often encounter. Through the programme, students will receive
an incredible opportunity to utilise artificial intelligence (AI), applying it to several different areas. The
programme will prepare them for senior management positions within the world’s digital economy. Students are advised
to consider universities
in the UK according to the type of degree programme they want to study.
The Difference between Business Analytics and Business Intelligence
It is common for most
people to confuse business analytics with business intelligence. Business intelligence collects data, whereas
business analytics uses the collected data. Business intelligence allows you to understand the circumstances
affecting the business currently and answers the “what.”
Business analytics explains
the “why.” It connects the business’s technical side with its decision-making and managerial sides. Some
universities in the UK may offer an MSc in Business Intelligence separately, whereas others may offer a combined
version of the two.
When Should You Consider Taking Business Analytics?
You should consider a career in business analytics because you enjoy working with numbers and data. You have the
expertise, understanding, and patience to look through a lot of pure data and use it to decide what the next move for
a business should be. Business analytics uses data to identify patterns and then apply them to the business. If you
can identify patterns from the given data and information, you’ll enjoy furthering your understanding of business
analytics.
You’ll also find yourself leading several people as a business analyst, as they’ll visit you for guidance and insight to help them make important business decisions. They can include collaborating with another company, developing new products, and increasing their bottom line. If you enjoy working with computers and are a quick learner in terms of learning how to use different programmes to analyse data, you should consider enrolling in a university in the UK to further your understanding of business analytics.
UK Universities for MSc in Business Analytics
Here are three UK universities that offer MSC
in Business Analytics and Business Analytics Programmes:
University of Surrey
The University
of Surrey is ranked in the list of the top ten universities in the UK for its business and economics
programmes by the Times Higher Education World University Rankings 2020. Students can choose from a full-time,
one-year programme with or without job placement or a two-year, part-time programme with or without job placement. A
full-time programme with job placement lasts for 15 months.
Through the programme, students will receive the opportunity to interact with inspiring and knowledgeable industry
experts both in and out of a classroom setting. The instructors will present students with modern business problems
that several businesses around the world are currently experiencing.
They will also discover virtual reality, explore visualizations from graphs, and gain insights from machine learning
and data mining. They will receive hands-on experience using a large variety of tools such as the SPSS and Stata for
statistical analysis, SIMIO and Simul8 for virtual reality animations and event simulations, SAP for enterprise
resource planning, and more.
Coventry University
Coventry
University offers a one-year, full-time or a part-time, two-year programme. The programme presents
students with large data sets and provides them with the tools to generate value from it, which they can’t analyze
using conventional methods and techniques. The programme is divided into three semesters. The first two semesters
focus on providing students with an increased understanding of business analytics and an overview of the most
commonly used tools.
The final semester allows students to choose an internship with a company or perform a research-based project on a
topic of their choice. The final semester also teaches students an accredited module called the Global Professional
Development and Consultancy, and upon successful completion, they’ll receive a certificate and award.
University of Essex
University
of Essex offers a full-time, one-year programme and a part-time, two-year programme. The programme
teaches students to predict market trends and enhance business processes while empowering people to make calculated
decisions to improve performance in a wide range of areas such as operations, marketing, product development, supply
chain management, and sales.
Through the programme, students will learn how to develop their analytical skills and use them to resolve complex
problems. The programme will train them to arrange, incorporate, and understand information and data to make informed
predictions regarding all areas of business operation and incorporate correct actions. Some of the topics the
programme covers include global supply networks, business management, economic theory, and more.
These are just three out of the many universities in the UK to offer an MSc in Business Analytics Programme. You can consider them as well as other universities in the UK. Once you have decided, you can visit us, and we’ll help you with the application process.
FAQ's
Is UK a good place to study business analytics?
The UK, which is home to
one of the top business schools, is renowned throughout the world for its superior master's programmes in business.
The UK universities give aspirant students access to networks around the world and assist them obtain in-depth
understanding of the subject.
Is business analytics in demand in UK?
In the UK, there is a huge
demand for business analytics courses because there are so many job prospects. In the UK, business analytics courses
have an employability rate of above 95%.
What is Business Analytics?
Business Analytics is the
practise of using data, statistical analysis, and quantitative methods to gain insights and make informed decisions
in business. It involves analysing large sets of data to identify patterns, trends, and correlations that can be
used to improve business performance and drive strategic decision-making.
Why is studying Business Analytics in the UK a good choice?
Studying Business Analytics
in the UK offers several advantages. Firstly, the UK is known for its world-class universities and academic
excellence, providing high-quality education in the field of Business Analytics. Additionally, the UK has a vibrant
business environment and is home to numerous multinational companies, offering excellent prospects for career
opportunities and practical exposure in the field of Business Analytics.
What are the entry requirements for studying Business Analytics in the UK?
Entry requirements for
studying Business Analytics in the UK vary depending on the university and the level of study (undergraduate or
postgraduate). Generally, for undergraduate programmes, students are required to have completed their secondary
education with relevant subjects such as mathematics, economics, or business studies. For postgraduate programmes, a
bachelor's degree in a related field is usually required, along with a good academic record. Additionally,
international students may need to provide proof of English language proficiency through tests like IELTS.
What career opportunities are available after studying Business Analytics in the UK?
Studying Business Analytics in the UK opens up a wide range of career opportunities. Graduates can pursue roles such as data analyst, business intelligence analyst, data scientist, financial analyst, marketing analyst, operations analyst, and management consultant.
