Business Analytics Consulting MSc

Entry requirements:
2:1 +
Full-time:
1 year
Part-time:
Not available
Start date:
October 2018
UK/EU fees:
£12,850
International fees:
£21,000
Location:
Loughborough

Achievements

6th

for Business Studies

The Times and Sunday Times Good University Guide 2018

Top 10

UK Business School in national league tables

Accredited

Among just 1% of business schools in the world to hold Triple-Accreditation

AACSB, EQUIS and AMBA

75%

of our Business and Management research is rated as 'world leading' or 'internationally excellent'

REF 2014

Overview

Our MSc Business Analytics Consulting programme equips you with the skills that employers value, by combining the rigorous modelling and consulting skills needed to understand, manage and communicate useful insights from ‘big data’ – often referred to as the oil of the 21st century.

Business Analytics Consulting MSc will enable you to consult with organisations and governments to help them make informed strategic business or policy decisions. Taught modules are delivered by our group of internationally recognised management scientists who are actively working with business, government and non-profit organisations to tackle routine, strategic or policy problems.

Our MSc Business Analytics Consulting programme has a number of industrial collaborators who ensure that the focus of our taught modules is of both academic and practical relevance and contribute to our curriculum delivering workshops and guest talks. Our collaborators include practitioners from companies such as tui, npower, BT, IBM, SAS, British Airways, and Government departments through the Government Operational Research Service. In addition, SAS sponsor a student prize, and one of our modules – Managing Big Data – is developed in close collaboration with IBM.

During the summer you will undertake a supervised consulting or research project. Recent consulting projects have been with companies such as tui, npower, dstl, and defra. This will give you the opportunity to apply powerful tools such as data mining, forecasting, optimisation, simulation and decision analysis to a particular area of business or policy, equipping you with skills highly prized by employers.

What makes this programme different?

  • Opportunity to work on commercial consultancy project
  • SAS sponsor a student prize
  • IBM teach on some modules
  • Scholarships available for the best candidates
  • Industry collaborators include IBM, tui, npower, BT, SAS & British Airways
  • Top 10 UK Business School

Who should study this programme?

Our MSc Business Analytics Consulting programme is ideal for graduates interested in learning how to understand, manage and communicate useful insights from ‘big data’, for careers as management consultants, business analysts, policy analysts, marketing researchers, operations researchers, and data scientists.

Entry requirements

An honours degree (2:1 or above) or equivalent overseas qualification. Strong quantitative ability is required. Degrees in engineering, mathematics, physics, economics, and business and management will be particularly welcomed. Those without a first degree but with substantial work experience may be considered.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

English Language Requirements

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component

The School will accept lower IELTS scores if you undertake the University's pre-sessional English course.

TOEFL with an overall score of 92, and no sub-test score below 22

See full list of English language qualifications we accept, with full details on each.

What you'll study

Our Business Analytics Consulting MSc is designed to equip you with a broad range of knowledge and analytics methodologies, techniques and tools to enable you to work effectively in supporting problem-solving and decision-making in a business or policy context.

Modules

Business Analytics Consulting MSc covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module. All modules are compulsory.

Semester 1

Consulting for Analytics (15 credits)

Students learn the craft and skills required by analytic consultants, and which employers look for but often find lacking. It covers process aspects of analytics projects, as well as skills in client interaction, problem structuring and data elicitation (with individuals and/or groups, and with hard/soft data), presenting data-driven analyses, report writing, and developing simple bespoke decision support systems.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

Discovery Analytics (15 credits)

Common statistical methods are introduced to explore and visualise cross sectional and temporal data. Students learn about the design and conduct of data collection efforts and exploratory data analysis. Industry-leading tools that are in high demand from employers (e.g. SAS) are used.

Assessment

Typically this module is assessed by 25% coursework / 75% exam, although the university reserves the right to alter this.

Decision Analytics (15 credits)

Students develop an awareness of common operational research techniques to help determine the best course of action for a given decision or problem. Topics covered include optimisation, simulation and decision and risk analysis.

Assessment

Typically this module is assessed by 25% coursework / 75% exam, although the university reserves the right to alter this.

Managing Big Data (15 credits)

Developed in conjunction with IBM, this module enables students to learn about the challenges and opportunities derived from the increased volume, variety, velocity and value of data that is available today. A range of big data topics are covered including data type, data integration, data technologies, and data security.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

Semester 2

Customer Analytics (15 credits)

This module enables students to learn analytics techniques that can help organisations gain a deeper insight into customers’ behaviour and attitudes towards their products and services. It covers approaches designed to provide a profile of customer segments, such as those grounded in data mining and multivariate statistical analysis. Industry-leading tools that are in high demand from employers (e.g. SAS) are used.

Assessment

Typically this module is assessed by 25% coursework / 75% exam, although the university reserves the right to alter this.

Operations Analytics (15 credits)

Students develop an awareness of analytics techniques that can help organisations to develop a better understanding of operational processes, and identify efficiency and cost reduction opportunities. Topics covered include advanced optimisation and simulation techniques.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Policy and Strategy Analytics (15 credits)

Analytics techniques designed to tackle complex policy and strategic issues are introduced. It covers approaches designed to explain the behaviour of complex social systems or assess the consequences of complex decisions, in order to provide the levers for policy and strategy making in a variety of sectors.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Leading Analytics Initiatives (15 credits)

This module enables students to learn about the issues associated with implementing an analytics capability in organisations. It covers topics on how to develop an analytics strategy, how to embed analytics in organisational processes to ensure they deliver value, and how to deploy analytics throughout the organisation to improve decision making.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Summer period

Analytics Project (60 credits)

Students develop a working knowledge of executing an analytics project to tackle a theoretical or practical problem integrating and further developing aspects of the Business Analytics Consulting taught programme. Projects have been developed in conjunction with organizations such as npower, dstl, Department for Education, defra, East Midlands Ambulance Service, and tui.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

How you'll be assessed

The modules in the programme are assessed using a mix of different methods. The assessment of each module is either coursework only or a combination of exam and coursework. For the modules assessed by exam and coursework, the typical weight for exam is 50% or 75%.

How you'll study

Seminars
Lectures
Tutorials
Independent study
Group work
Practical sessions
Supervision
Workshops

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Business analytics is a new and rapidly developing field, and individuals with analytics skills are in short supply. Graduates from this programme can expect to work as management consultants, business analysts, policy analysts, marketing researchers, operations researchers, and data scientists.

Graduate destinations

Recent graduate destinations include:

  • Virgin Media
  • PwC
  • Enterprise, Management Trainee
  • Logica, Analyst
  • Marks & Spencer, Forecast Planner
  • Sportingbet, Digital Media Operations Executive

Your personal development

As part of our ongoing commitment to supporting you with your personal and professional development, all our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

On successful completion of the programme, you should be able to:

  • Communicate complex ideas and arguments effectively, both orally and in writing and using a range of media, to expert and lay audiences.
  • Work effectively with others in a team environment, recognising and utilising individuals’ contributions in group processes, and displaying effective negotiation and project management skills when needed.
  • Demonstrate high personal effectiveness, including critical self-awareness, self-reflection and self-management, sensitivity to diversity in people and situations, time management, and the ability to take responsibility for their own learning, and to continue learning through reflection on practice and experience.
  • Use information technology to scan, organise and assess relevant information for problem solving, decision making and sharing knowledge.
  • Analyse complex problems and develop novel solutions, and apply numerical reasoning appropriately in problem solving processes.

Fees and funding

UK/EU:
£12,850
International:
£21,000

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our students and academics

Vinisha Nambiar

MSc Business Analytics Consulting student

The lecturers are really fantastic. They are at the forefront of the fields they work in.

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