Masters (MS) in Business Analytics Abroad: Fees, Top Universities & Job Scope

Completing your MS in business analytics course abroad can add a star to your resume/CV. With many valued colleges around the world offering degrees in business analytics, you can have access to a world-class education. This program is classically a multidisciplinary and immersive program intended to resolve business procedures by mixing computer science, mathematics and business management. 

According to the US BLS (Bureau of Labor Statistics) report, it is projected that in the next 10 years, about 96,500 new management analyst jobs will be formed, an average of 12% of evolution in the industry. You can select from various programs by taking up the best masters in business analytics. The primary goal of the curriculum designed for this program is to generate competent professionals who can use their skills in data analysis and representation. There are best countries to study abroad, and international students, after completing MS in business analytics, can find jobs in India & abroad. The median starting salary for a master's holder in the USA is around $95,000.

Students taking up MS in business analytics are taught to get insight of problems and find solutions using analytical skills. They gain the ability to handle circumstances in which the data is unsuitable or challenging to obtain. Some more reasons to choose a MS in business analytics abroad are:

1. High Demand

With the help of progressive software tools, business analytics is a much better and quick procedure and delivers better analytical results empowering companies to work faster and be more flexible. This gives them a modest advantage as well. The companies are looking to hire business analytics executives to work on projects and find answers to the questions that shall help in improving business decision making . 

2. Short Programs

Business analytics studies cover the technologies and skills used in the study and analysis of the past performances of businesses with the goal of gaining the appropriate insight to positively drive business planning. The master in business analytics program lasts 12 to 14 months. It is one of the shortest master's programs for a sought-after position.

3. Top Universities

All international students want to get enrolled in one of the top 10 universities of MS in business analytics to pursue a master's program. Studying abroad prepares students to face all the challenges through practical and theoretical learning. 

4. Different Job Profiles

Once businesses have a plan for assembling all the wanted data, organising the data, and analysing it, they are in a place to use advance strategies and hire candidates to meet the objectives.The best part of this course, is you get to build skills to work in different areas including- statisticians, market researchers, and financial analysts.

Suggested:Returns Of Doing Masters Abroad

Masters in business analytics is usually tailored for international students, especially engineers, mathematicians, computer programmers, statisticians, physicists, etc., looking for career progression or a career change. As this course carries a course structure and subjects that can help students in getting a proper insight into the field.

• Course Duration: The course duration for MS in business analytics is 12 to 14 months program depending on the university & country selected by the student.

Masters in business analytics top universities in different countries offer different course structure. 

Each business analytics program's curriculum and subjects will vary depending on the master's course chosen; however, some of the most popular modules you might study include:

1. Business statistics
2. Data analysis
3. Predictive Modelling
4. Programming for Analytics
5. Supply Chain Analytics
6. Energy Analytics

Suggested:Choose a different major for Masters than your Bachelors?

Masters in business analytics top universities offer a wide range of specialisations. Students can choose a specialisation that fits with the career goal and skills they have. The list of popular specialisations under MS in Business Analytics abroad:

1. Customer Analytics
2. Operations Analytics
3. People Analytics
4. Accounting Analytics

Suggested:How to choose your Masters program?

Business analysts need to analyse, convert, and eventually resolve business problems with the help of technology. There are various skills that students must have to excel in this specific field. Some of the most common skills required are:

1. Technical and Analytical Skills

Since business analytics involves technical skills, you need to be really good in analytics. Analytical and technical skills are a top requirement in this field.

2. Communication and Interpersonal Skills

A business analyst needs to carry amazing communication and interpersonal skills. Business analysts require continuous communication with stakeholders orally and in writing to share ideas, information, and viewpoints. Both these skills play a major role.

3. Programming

Programming is one of the most important skills needed for business analytics studies. Students must have a thorough understanding of the principles of programming, which is the process of organising and creating a useful computer programme that aids in achieving a particular objective or performing a particular task.

Suggested:Important criteria to choose the best university for your masters

When you decide to study for the best master’s in business analytics, you'll have a wide selection of programs from some of the world's most prestigious institutions and universities abroad. Furthermore, you can also search for top universities through College Finder. 

The following countries offering this program are:

1. Master’s in Business Analytics in USA

The USA is one of the renowned countries for a business analytics program. International students can expect a hike of around 32% on their earlier salaries post-completion of a master’s in business analytics in the USA. The curriculum prepares students for professions using and managing cutting-edge data science to address important business problems. The average annual fees in universities in the USA for a master’s in business analytics are- USD 7538.27- 4522.96- (INR 60,00,000- 36,00,000) per year.

Suggested:MS In Business Analytics In USA

2. Master’s in Business Analytics in UK

A master’s in Business Analytics from the UK is an advantage to one’s academic and employment profile. The country has a short supply of professionals in business analytics, and the requirement is rising day by day. International students will get practical exposure throughout the academic year. The average annual fees in top universities in UK for a master’s in business analytics are- USD 25060- 35084- 4522.96- (INR 19,94, 623- 27,92, 472.39) per year.

Suggested:MS in Business Analytics in UK

3. Master’s in Business Analytics in Canada

International students of the masters in business analytics program have vast job prospects in Canada due to the stable rise of data-related job roles. Courses are offered in Canada under the names MBAN (master’s in business analytics) and MBA with a business analytics specialisation. Big data analytics, predictive modelling, data visualisation, energy analytics, and programming for analytics are among the main topics covered by universities. The average annual fee is around USD 38, 500- 42,000 (INR 30, 64,365- 33, 42,943) per year.

Suggested:Masters in Business Analytics in Canada

4. Master’s in Business Analytics in Australia

Australian Universities worldwide rank in the top 500 universities, including those which offer master's in business analytics. The average pay scale offered to skilled business analytics workers in Australia is 3 times more than the average pay scale provided in the country. The average annual fee for the masters in business analytics in Australia is around USD 36,000- 60,000(INR 28, 65,380- 47 75,634) per annum.

Suggested:Study masters in Australia

5. Master’s in Business Analytics in Italy

Ireland is one of the best countries and a global leader in higher education. The colleges and universities provide a top-notch educational framework with numerous career opportunities for students taking master’s in business analytics. Course outline joins with a range of corporate functions; a linking position placed within a team of skilled experts responsible for company growth dynamics. The average annual fee for a master in business analytics in Italy is around- USD 12530- 20048 (INR 997311- 1595698) per year.

Suggested:Universities in Italy for Masters

International students interested in admission at best masters in business analytics should be attentive to the following admission requirements. Moreover, students should also check the additional requirements from the official websites of the universities they are applying to. The following masters in business analytics criteria are:

1. Under-graduate Certificate
2. English Language Proficiency Scores
3. GRE/GMAT Scores
4. Work Experience
5. Student Visa

So, these are some of the usual requirements that international students need to fulfil to get admission in top universities abroad. 

1. Under-graduate Certificate

Students must have an educational qualification of 16 years and must have completed their undergraduate program. International students with 3-year undergraduate degrees will be observed for admission based on a whole review of their profile. A GPA of 3.0 is essential for either all four years or for the period of the last 2 years.

2. English Language Proficiency Scores

International students seeking admission for masters in business analytics top universities need to present scores of IELTS, TOEFL, or similar test results as a part of English language proficiency. 

These scores are also essential for study visa application of the respective country. Different universities have different score requirements. The average score required are:

3. GRE/GMAT Scores

International students from science and engineering backgrounds might have to submit their GRE scores, while students who have studied business at the bachelor’s level might need to submit their GMAT scores. The scores may vary according to the university selected by the student abroad; the average score required is:

• GRE: 310 or above
• GMAT: 641 or above
  
  

4. Work Experience

Work experience is not mandatory, but some universities abroad may only consider admitting international students with a minimum professional experience of 2 to 5 years.

5. Student Visa

Students need to provide a valid study visa of the respective country. It is important to apply for the study visa 3 months prior to the trip.

Suggested:Financial Documents Required for an International Student Visa

Admission to apply for MS in Business Analytics programs abroad requires a set of documents. Some of these important documents are mentioned below.

1. Education transcripts of previous institutions
2. Standardised test scores
3. Letter of Recommendation
4. English Language Test Scores
5. Updated Resume or CV
6. Statement of Purpose
7. Valid Passport
8. Study Permit

Suggested:How to Study Abroad for Free?

There are various masters in business analytics abroad universities offering masters courses to international students, to apply in those universities students need to follow a step-by-step guide to apply for masters program.

1. Find out the best universities and colleges that offer master's in business analytics.
2. Check the official university websites and collect all the information required for admission to these courses.
3. Submit all the documents such as test scores, transcripts, certificates, etc.
4. Fill out your application form with all the necessary details and pay for the application fees.
5. After processing your application, you will be asked to attend an interview as a part of the admission process from the university.
6. Once you clear the interview, you will get your admission letter and you can book your seat at the college or university.
7. Pay the business analytics course fees and start the course at the university.

Suggested:Exams to Study Abroad

Scholarships are the best way to cover the overall cost of study. For students seeking masters in business analytics, universities offer some grants. Some of the scholarships offered by universities to pursue master’s in business analytics are:

1. Australia Awards Scholarships

The Australian awards scholarship offers students from emerging countries to undertake full-time undergraduate or postgraduate study at active Australian universities and TAFE institutions. It covers tuition fees, economy class tickets from and to Australia, formation allowance, introductory academic program, student health insurance, and preliminary visa expenses.

Scholarship Eligibility Criteria:

• International students having good academic records in undergraduate are eligible.
• Filling out the entry requirements of the selected Australian university.
• Citizens and residents of contributing countries like India and Bangladesh.
• Not a permanent occupant of Australia or New Zealand.

Amount- USD- 30,000 (INR 23,87,817)

2. Dean's Excellence Scholarship Program-UK

The Dean's Excellence Scholarship Programme is built on merit and accessible to all students of business school taught masters. In order to save your place on the program and this scholarship, it is essential to accept the scholarship and pay the compulsory deposit within the stated timescale.

Scholarship Eligibility Criteria:

• A student should show outstanding professional and personal skills through work experience and extracurricular activities.
• Can validate strong academic performance
• Have the potential to subsidise and improve all aspects of the master's program and the varied academic and cultural outline of the master's class.

Amount- USD 10024 (INR 797849.25)

3. Bright Network Scholarship

This scholarship is offered to an international student pursuing a master’s course at Imperial college business school. The scholarship is available for any member of the bright network, and students will have to show strong professional leadership potential, a clear career plan and academic merit in their application.

Scholarship Eligibility Criteria:

• Student should have a good academic record
• All successful students who are members of the bright network will be routinely considered.

Amount: USD 10,000 (82,8325.00 INR)

For international students who are interested in studying masters in business analytics need to consider the business analytics course fees and the cost of living in abroad countries. The following estimated cost are:

1. Tuition Fees

The masters in business analytics course fees in most universities and colleges are around- (USD 40,000- 61,000- INR 31, 83,756- 48, 55,227) per year.

2. Cost of Living

Besides tuition fees, students also need to bear the cost of living in their respective country. On average, the cost of living that covers transportation, accommodation, food, and others is around (USD 1000-2000 INR 79945.50- 159891) monthly.

Suggested:Guide on things to-do post admit in top universities

As the demand increases, competition rises as well. Therefore, as a job seeker, it is significant to have an advantage over other applicants. After completing the best master's in business analytics programs from top universities, students have multiple job opportunities to choose. Some of the following job roles are:

Suggested:Job and Salary after MS in Business Analytics in USA

Are you planning to study a combination of information theory, business intelligence, data science and computer science? Then choosing masters in business analytics abroad is the best option. Through the course, international students can build a better career ahead. If you are looking for more guidance and assistance, Yocket Professionals will help you.

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