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Business Analytics

Do you want to take your knowledge and skills in the way businesses run further? Or are you from a non-finance degree background and fancy taking the plunge into a management or consulting role? A postgraduate qualification in business analytics could help you on your way.

What will I study on a business analytics postgraduate course?

  • Business statistics
  • Operational research (management science)
  • Analytics applications
  • Spreadsheet modelling
  • Simulation
  • Decision making
  • Quantitative methods
  • Optional modules ranging from project risk management or forecasting to data mining or pricing and revenue management.

As part of a business analytics postgraduate degree you’ll also become familiar with various software packages used for analysis, so expect some lab time. It’ll also develop things like negotiation skills and decision making skills which will help you prepare for management positions when you graduate.

Assessment for the course usually cultivates in a research project or dissertation. Some programmes will provide the opportunity to carry out a work placement on which your final assessment will be based.

A business analytics postgraduate degree will normally take around a year to complete if you study on a full-time basis and around two years if you study part time.

Entry requirements…

You’ll need at least a 2:1 undergraduate degree. It won’t necessarily need to be in a finance related subject; but you will need to be able to display strong mathematical ability and an aptitude for IT.

International students will need to pass an English language proficiency test is English isn’t their first language. You can find out more about minimum score requirements etc. in each prospective university’s course eligibility requirements.

Some courses may also require a GMAT score, though it’s not usually a necessity.

Where could a business analytics postgraduate qualification take me?

Business analytics commonly leads to roles in various aspects of management. The skills and knowledge you’ll acquire can be applied within companies in almost any industry.

A number of students who study this type of postgraduate degree go on to consultant roles due to their in-depth understanding of business strategy.  

Typical industries for business analytics postgraduates…

Here are a few possible career destinations for business analytics graduates:

  • Consulting (notably business strategy or management strategy)
  • Human resources
  • Financial analysis
  • Accounting
  • Tax
  • Research
  • Management within businesses across numerous industries.

By Jos Weale, Editor, AllAboutFinanceCareers.com