Postgraduate study2016

MSc

Business Analytics Consulting

School of Business and Economics

Year of entry: 2016

1 year full-time

This programme is ideal if you wish to use your analytic skills to derive and obtain useful insights from large amounts of data. By equipping you with the rigorous modelling and consulting skills needed to understand, manage and communicate useful insights from ‘big data’, it prepares you to inform business decisions or government policies.

MSc

Business Analytics Consulting

School of Business and Economics

Year of entry: 2016

1 year full-time

This programme is ideal if you wish to use your analytic skills to derive and obtain useful insights from large amounts of data. By equipping you with the rigorous modelling and consulting skills needed to understand, manage and communicate useful insights from ‘big data’, it prepares you to inform business decisions or government policies.

Programme information

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 industry advisory board ensures that the focus of our taught modules is of both academic and practical relevance. IBM, our partner, has jointly developed with us two modules (Customer Analytics and Leading Analytics Initiatives), and sponsors a student prize.

During the summer, you will undertake a supervised consulting or research project. 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.

Core study areas include consulting for analytics, discovery analytics, decision analytics, managing big data, customer analytics, leading analytics initiatives, operations analytics, policy and strategy analytics, and a consulting or research project.

Assessment

Taught modules are assessed by a mixture of coursework and examinations.

The summer project is assessed via a written dissertation.

Entry qualification

A good upper second class honours degree (2:1) or equivalent overseas qualification. Strong numerical skills required. 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 requirement for international students

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. 

Click for more information on English Language Requirements

Careers and further study

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.

IBM logo

We have developed two modules - Customer Analytics and Leading Analytics Initiatives - in close collaboration with our partner IBM, who also sponsor a student prize.

Programme modules

Semester 1
  • Consulting for Analytics

You will learn the craft and skills required by analytic consultants, and which employers look for but often find lacking.  It will cover 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.  

  • Discovery Analytics

You will be introduced to common statistical methods to explore and visualise cross sectional and temporal data. You will also learn about the design and conduct of data collection efforts, together with methods for dealing with data outliers and missing data. Industry-leading tools that are in high demand from employers (e.g. SAS and SPSS) will be used.

  • Decision Analytics 

Your will be introduced to 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.

  • Managing Big Data 

Your will 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 will be covered including data type, data integration, data technologies, and data security. 

Semester 2
  • Customer Analytics

You will focus on analytics techniques that can help organisations gain a deeper insight into customers’ behaviour and attitudes towards their products and services. It will cover 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 and SPSS) will be used. There is an IBM sponsored student prize on this module. 

  • Leading Analytics Initiatives

You will learn about the issues associated with implementing an analytics capability in organisations. It will cover 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. There is an IBM sponsored student prize on this module. 

  • Operations Analytics

You will focus on 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. 

  • Policy and Strategy Analytics 

You will focus on analytics techniques designed to tackle complex policy and strategic issues. It will cover 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.

Summer 
  • Consulting or Research Project

Apply now

The best way to apply for admission to a taught or research programme is online. This helps us to process your application quickly.

Your application must be supported by documentary evidence of entry qualifications, including English language, academic transcripts and references.

You are strongly advised to send your documents, including transcripts and references, as soon as you make your online application – they can be submitted online.

A decision about your application cannot be made until we receive your supporting documents.

For more information on the application process, take a look at our how to apply section.

Fees and funding

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. The standard tuition fees for this course are:

Taught ProgrammesUK/EUInternational
PGT Band 4 (Premium) £11,000 £19,350

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.

Funding

A number of scholarships and bursaries are available (dependent on eligibility):

  • Student loans for master's degrees
  • Department-specific bursaries
  • Scholarships
  • Professional and Career Development Loans
  • External charities and trusts
  • Studentships
  • Research Council funding

Find out more about the support available for UK/EU students and international students.