Masters in Business Analytics in UK – Universities & Fees

Being host to one of the best business schools, the UK is recognised worldwide for its high-quality education and master’s courses in business. The UK universities help aspiring students to gain in-depth knowledge of the subject and offer them global exposure and networks. MSc in business analytics in the UK is a popular course for postgraduate students worldwide as it opens a plethora of opportunities for them in the business sector once they complete the degree.

Why prefer UK to pursue Master’s in Business Analytics?

Studying in the UK has various advantages. 

• The country provides diverse learning opportunities for graduates. 
• There is also expansive growth in the UK market, increasing the job opportunities for postgraduates. Hence, a master’s degree in the UK opens up many avenues for students to choose from.
• The teaching methodology used by UK universities provides students the freedom to develop their skill set. The educational institutions strive to nurture the student talent and help them grow into disciplined and knowledgeable work professionals in the long run.
• The tuition fees are higher as compared to other countries, but they are less than the fees charged in the USA. 
• The country has 20 institutions ranking globally for master’s in business analytics in the UK. It shows that the country has qualifications that are internationally valued and recognised. 

The institutes focus on the overall development of the student. It includes the development of their language, communication, and knowledge. The education system ensures to unlock their inner potential and help expand their horizon of thinking.

Top Universities for Master’s in Business Analytics in the UK

Studying master’s in business analytics in the UK is in itself a big feat for many. International students are offered many of the best colleges for pursuing the course of their choice. Some of the top universities in the UK for master’s in business analytics are as follows:

• Imperial College Business School
• Leeds University Business School
• Lancaster University
• University of Edinburgh Business School
• The University of Warwick
• Southampton Business School
• Hult International Business School
• The University of Stirling
• Alliance Manchester Business School – The University of Manchester
• UCL School of Management
• Queen’s University Belfast
• The University of Plymouth
• The University of Surrey
• Liverpool Management School
• The University of Kent
• Ulster University, London
• Swansea University
• Arden University
• Aston University
• Loughborough University
• The University of Westminster

Courses offered at top universities in the UK for master’s in business analytics are as follows:

• M.Sc. in Business Transformation
• M.Sc. in Management (Business Analytics)
• M.Sc. in International Business with Data Analytics with Advanced Practice
• M.Sc. in Business Intelligence and Analytics
• M.Sc. in Marketing and Analytics
• M.Sc. in Data Science and Business Analytics
• M.Sc. in Operational Research and Risk Analytics (Business)
• M.Sc. in Business and Management
• M.Sc. in Business Analysis and Strategic Management
• M.Sc. in Enterprise Architecture Management

Data Analytics Vs. Business Analytics

Data analytics mainly deals with technology usage, which can help identify patterns, statistics, and correlations. In contrast, business analytics is more on the lines of implanting the said techniques into the organisation of finances and marketing. Business analysts head practical changes inside the organisation. 

Data Analytics vs Business Analytics are similar in many categories, but the differences can mount up easily when put against each other. A data analyst’s work relies on collecting and processing the available data. And the other’s job is to use the statistically available tools for the betterment of the budget and expenses of the company.

Pursuing an MBA in Business Analytics in the UK is seen as preparing the students to become data-driven business leaders in the future. It creates the perfect mindset for people who are not only interested in analytics and finance but also wish to improve their business performance. In most scenarios, the master’s in business analytics in the UK consists of four modules, spread over 3 semesters, spanning for 2 years.

Cost of studying MS in Business Analytics in the UK

The cost of overseas education in the top destinations of the world may be high, but the education services provided match up to the fees that are paid. The pre-arrival costs are mainly the eligibility tests’ fees, health insurance, visa submission fees, and university application fees. The total costs amount to 1152 to 1200 GBP (1.14 to 1.18 Lac INR).

There are other costs like accommodation and living. Accommodation includes housing, travel, food, health insurance, and other miscellaneous expenses. The UK is said to be more expensive by approximately 87% than other countries. It takes approx 2,205 GBP (INR 2.18 lakh) each month per person to live in London, making it the most expensive city in the country. 

The total accommodation and tuition fees for an Indian student pursuing a master’s in business analytics in the UK is INR 18 to 30 lakh per annum. 

Admission Requirements

Application form: 

You can easily apply for it or download the application form from the universities’ official websites. You could also apply with the help of agencies that support international students for admissions into foreign universities.

Cost of the application form:

It is usually 20 GBP (2,000 INR) which is required for applying to the university. There can be extra costs like test filling, visa application, travel, and health insurance fees before actual arrival at the university. 

The documents to be submitted by students for getting admitted into M.Sc. in Business Analytics in the UK are:

• Completed and filled application form.
• Copy of your passport.
• 2 passport-sized photographs.
• Proof of language proficiency certificate.
• Relevant academic certificates, modules, and grades.
• Copy of your high school diploma or secondary education.
• Scores of all the tests in eligibility criteria for MS in the UK, like 

⮚ IELTS: (International English Language Testing System): 6.5 to 7

⮚ TOEFL (Test Of English as a Foreign Language)

• iBT (Internet-Based Training): 93 to 100
• PBT (Paper-Test Based): 160

⮚     PTE Academic (Pearson Test of English): 66 to 73.

⮚ GRE (Graduate Record Examination) 

⮚ GMAT (Graduate Management Admission Test): 650

• Recommendation letters have to be submitted.
• Resume/ Curriculum Vitae.
• Personal identification proof.
• Statement of Proof/ Letter Of Support.

Bachelor’s in the same field of 2-3 years is a must before joining the higher-level program. Other optional documents which can be carried include a cover letter, work/ experience certificate, and other proofs. Get attestation from the required authorities on the xerox copies/ duplicate. You can also check the official portal of the university that you want to apply to for all the extra information and requirements particular to the institution.

Job Prospects after Master’s in Business Analytics in the UK

The job prospects are high in the field of business analytics in the UK. Mostly because business analysts are required in all companies and organisations worldwide. The organisations require well-equipped, organised, strategic people who can keep in count the gains and losses, budgets and expenses, and predict the future accounting of the business. 

The job postings under business, management, finance, and accounting are said to increase in the future. The following job roles in this field are popular:

• Data Scientist.
• Pricing and Revenue Analyst.
• Data Analyst.
• Operations Research Analyst.
• Business Intelligence Analyst.
• Management Analysts.
• Operations Research Analysts.
• Mathematicians and Statisticians.
• Consulting and marketing analyst.

The mean average salary for postgraduates who have completed a course in business analytics is $82,433 (61,82,475 INR) per annum. The salary for business analysts is high because it is difficult for the companies to find high-performing professionals. 

The skill set for business analysts is advanced and challenging. However, getting on par with the industry demand is essential for all professionals. And that can be attained by learning at the top universities in the UK for a master’s in business analytics.

The fields in which they work can vary from manufacturing to healthcare to market research to project management. Ensuring the proper working of the business mainly based on the income must be the primary goal of a business analyst. 

Visa Process

Eligibility for the Student Visa:

• The age of the student must be 16 and above.
• The student must be proficient in the English language.
• The student must have financial support.
• The student must have received a letter of acceptance from the applied university.

Documents required for the visa application:

• Visa application form
• A valid passport
• Passport-sized photograph
• Proof of finance including bank statements
• Consent from parents, if below 18 years of age
• Medical certificate

The visa application fee is 348 GBP (INR 34,856). There may be additional document requirements depending on the country of origin. 

You must visit the official website of the UK government to check for all the information related to the student visa. The visa process takes upto 3 months, so you must start the process in advance. Also, ensure that you have the Certificate of Acceptance for studies (CAS) from your university before applying for the visa. You can also consult the visa officer of your country for queries related to the visa process.

Scholarships Offered

The UK provides scholarships to students based on merit. It can help reduce the student’s financial costs, which include pre-arrival, post-arrival, and admission costs. A good academic score and an excellent record on all qualifying exams can help you attain the scholarship more easily. Some of the more common scholarships offered in the United Kingdom are:

• University of Manchester India scholarship.
• Idealo Scholarship OFID scholarship program.
• Imperial Business Scholarship.
• GREAT Scholarships.
• Chancellor’s Scholarship.
• Business School International M.Sc. Scholarship.
• Dean’s Excellence Scholarship.
• Masters International Scholarship.
• Business Analytics Scholarships.
• Queen Elizabeth Commonwealth Scholarships.
• British Chevening Scholarships.
• Future Leaders Masters Scholarship.

The scholarships are provided by the university that you have enrolled in per se. There are other fee waiver schemes by agencies, non-governmental organisations, and governmental organisations. 

The programs offered by the UK universities are of world-class business education standards. Challenging the modern global business and meeting the quality of work expected are the primary goals of the teaching imparted to the students by the UK.

Check Eligibility to Study in UK