In this growing age of overflowing data and information, Masters in Business Analytics in the UK is emerging as an unparalleled program. Currently the UK has its 14 out of 72 institutions ranking globally for Business Analytics (QS Rankings, 2020). The costs involved in pursuing this one-year program range from 18,000 GBP to 29,000 GBP. This for an Indian student would range within 17 LPA to 28 LPA. With the high costs, involvement comes with an expectation of higher returns. Jobs in the UK after completion of MSc in Business Analytics in the UK can earn you a handsome salary of ~60,000 GBP (58 LPA INR) as a fresher.
The reputation of UK colleges, such as Imperial College Business School ranking #1 in Europe and #2 globally for MSc in Business Analytics, British education system, and the graduation rates of these top colleges are some of the features to look forward to when planning to study masters in the UK.
Admissions to Masters in Business Analytics in UK Universities are offered in three intakes- Fall, Spring, and Summer. With an endless stream of jobs appearing in the related field, more and more students are seeking out master’s programs in Business Analytics. International Data Corporation 2019 survey reports suggest that the field is expected to observe a growth rate of nearly 12% which clearly reflects the upcoming demand for business analysts in the market.
Top Universities for Masters in Business Analytics in the UK
| QS Rankings 2020 | Name of Institute | Program | Total Fee (In GBP) |
|---|---|---|---|
| 5 | Imperial College Business School | MSc in Business Analytics | 29,500 |
| 8 | Alliance Manchester Business School | MSc in Business Analytics | 24,000 |
| 9 | University of Warwick | MSc in Business Analytics | 29,250 |
| 10 | University of Edinburgh Business School | MSc in Business Analytics | 24,900 |
| 29 | University of Bath | Masters in Business Analytics | 20,000 |
| 49 | Lancaster University | MSc in Business Analytics | 23,000 |
| 51+ | University of Kent | MSc in Business Analytics | 19,800 |
| 51+ | Leeds University Business School | MSc in Business Analytics & Decision Science | 24,500 |
| 51+ | Liverpool Management School | MSc in Business Analytics & Big Data | 18,803 |
| 51+ | Loughborough University | MSc in Business Analytics | 21,900 |
| 51+ | Southampton Business School | MSc in Business Analytics and Management Sciences | 20,728 |
| 51+ | Aston University | MSc in Information Systems & Business Analytics | 18,850 |
Since data is growing every day at a rapid rate, of less than 10 zettabytes in 2015 to almost an expected 180 zettabytes by 2025, the need for professional business analysts is also rising strikingly. Some of the factors depicting why MSc in Business Analytics is one of the programs of the hour areas compiled below:
Supply and Demand Gap: As per a recent survey report by McKinsey, the world currently faces a shortage of approximately 1.5 million business analysts which suggests higher average salaries for the deserving candidates.
With an ever-increasing demand for business analysts in the market world, a Degree in Masters in Business Analytics can offer endless jobs for international students in the UK to explore and be a part of. As per the survey results of BLS 2016 UK, an average annual income for a business analyst is expected to grow nearly 14% between 2014 and 2022.
Imperial College Business School currently observes a graduate employment rate of around 95% where its students receive an average starting salary of approximately 46,530 GBP within 3 months of their graduation. The current gap in demand and supply only adds to the advantage of students and can help them land some of the high paying positions in the country.
In fact, the job posting for various profiles included under business analyst are expected to rise by 2020 which is discussed as follows:
| Type of Profile | Estimated Job Postings by 2020 |
|---|---|
| Data-Driven Decision Makers | 922,428 |
| Functional Analyst | 901,743 |
| Data Systems Developer | 641,635 |
| Business Analyst | 143,926 |
| Analytics Manager | 44,894 |
Job Roles & Salaries
The graphical representation below discusses the annual average salaries offered to business analytics graduates in UK at different popular job role:
Expected Growth Trend
An expected growth trend reflecting the level of position over the years that can be experienced after taking a job as a business analyst is as tabulated below. The trend is based on the results of a survey by BAtimes.
| Level of Job | Job Profile |
|---|---|
| Entry Level 01 | Business Analyst |
| 02 (after 3 years) | Domain Business Analyst |
| 03 (after 5 years) | Senior Business Analyst |
| 04 (after 10 years) | Chief Technology Officer |
With rising demand, a need for skilled workers for utilizing analytical skills for the profit of businesses is also at its peak. It becomes important for developed countries to meet this demand to ensure the continuous flow of income through these processes. Pursuing MSc in Business Analytics from the UK will not only keep you in the business but will also help you ace with your skill-set.
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