Promising careers, opportunities, and employability make the UK dreamer’s destination. World-class degrees from world-renowned universities make you succeed and flourish in your career. UK graduates are one of the most employable in the world. The UK is the hub of top companies, making the employment options varied and high paid. One such field, which can change the shape of your career, taking it to new heights, is the Business Analytics course. Business analytics courses in the UK are in great demand due to their massive job opportunities. Surveys have shown the employability rate for business analytics is more than 95%.
Before understanding how analytics can make your business bloom, lets us first know the meaning of Business Analytics. Business Analytics is a name given to a pool that covers a lot of job roles. It is a term that refers to the discipline of solving business-related problems by manipulating and working on the data to find meaningful results.
Based on these results, the organizations take necessary actions to improve their business processes. Business Analytics is one of the widely growing fields in today’s times. The combination of computer science with statistics is the reason why Business Analytics is growing at such a fast pace.
In this article, we will provide you the detailed information about Business Analytics and the institutions providing Business Analytics courses in the UK.
List of Contents
- What is Business Analytics?
- What are the types of Business Analytics?
- Components of Business Analytics?
- Application of Business Analytics
- Where is Business Analytics applied?
- Business Analytics Courses in the UK
- Undergraduate course in Business Analytics
- Post-graduate course in Business Analytics
- PhD Business Analytics
- Online courses
- List of Institutes offering Business Analytics course
- Institutes Offering Online Courses
- Institutes offering Offline/ On-campus Courses
- Eligibility, Fee Structure & Duration of the Course
- Who is eligible for the course?
- What is the duration and fee structure of the course?
- Career Options
- Jobs after Business Analytics course
- Top Recruiters
- FAQ
- Conclusion
What is Business Analytics?
Before understanding what Business Analytics means, let us first try to understand the deeper meaning of Analytics. Analytics, in simple words, is the field of computer science that uses machine learning, maths, and statistics to find meaningful insights into data.
These insights are basically the key factors that help us solve various problems.
So, the process of transforming data into insights for improving Business decisions is called Business Analytics. Some of the tools which we use to create insights from data are:
- Data management
- Data visualization
- Predictive modeling
- Data mining
- Forecasting simulation
- Optimization
While business analytics heavily depends upon statistical, operational, and quantitative analysis, developing data visualizations to present your findings and shape business decisions is the end result. For this reason, balancing your strong communication skills with your technical background is imperative to do well in this field.
What Are the Types of Business Analytics?
Business Analytics is a combination of three different types of Analytics that are performed across many companies on a daily basis. These are:
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
1. Descriptive Analytics:
Descriptive Analytics is a type of data analytics that gives us an account of what has happened by looking at past data. So basically whenever we trying to answer questions such as, what were the sales figure last year or what has happened before, we are doing descriptive analysis.
In Descriptive Analysis, we summarize the past data, and the results are presented in easily comprehensible forms like charts, bar graphs, reports, dashboards, and other visualizations. An example of Data Analytics would be finding out the percentage of leads that we could not convert and the potential amount of business that we have lost because of it.
2. Predictive Analytics:
As the name suggests, Predictive Analytics is a type of Business Analytics where predictions about future events are made. Calculating the expected sales figure for the upcoming fiscal year is an example of Predictive analytics. Predictive Analytics uses modeling techniques, and statistics to predict future performance. Insurance and Marketing industries use predictive techniques to make important decisions.
3. Prescriptive Analytics:
Prescriptive Analytics is the type of Data Analytics that gives an answer to the question “What do we need to do to achieve this”? Simulations, data modeling, and optimization of algorithms are used to find answers to such questions. Prescriptive Analytics is only as effective as its inputs.
What Are the Components of Business Analytics?
Modern world business strategies move around Data. Business Analytics, Machine learning, Data science, etc. are used to provide solutions to complex business problems. Even though all of these have various components, the basic core components remain the same. The following are the components of Business Analytics:
| Data storage | Data visualization |
Insights |
Data security |
- Data Storage: the data is stored by the computer in such a manner that it can be further used in the future. Data storage is the processing of this data using storage devices. Some of the storage products and services include object storage, block storage, etc.
- Data Visualization: The graphical representation of the information or the insights drawn through the analysis of data. In simple terms, data visualization makes the communication of outputs to management easier.
- Insights: The results and the inferences which are calculated from the analysis of the data by implementing Business Analytics techniques and tools are Insights.
- Data Security: The most important component of Business Analytics is data security. Data security involves identifying and monitoring malicious activities in the security networks. The predictive modeling techniques and the real-time data are used to find the vulnerabilities in the system.
What Are the Applications of Business Analytics?
Business Analytics plays a pivotal role across many sectors. Business Analytics has helped immensely to improve the Health care system, IT sector, and other types of businesses. Some of the notable applications where Business Analytics has changed the course of the system include:
- Product Management
- Inventory Management
- HRM
- Finance
- CRM
- Marketing
The world has witnessed tremendous changes and significant growth in organizations that have adopted and accepted the concepts and principles of Business Analytics. Business analytics has found its applications in a wide range of industries. Business Analytics has helped businesses grow and keep their audience happy.
List of the Institutes That Offer Business Analytics Courses in the UK
Yes, the Business Analytics courses in the UK are in great demand, and it is expected to rise in the future. Nowadays, Business Analytics is one of the most aspired degrees for both graduates and Business professionals. More than 147 colleges and universities offer Business Analytics courses in the UK.
The course is designed in collaboration with multinational corporations to provide the students with essential skill sets. Among the study abroad destinations, the UK holds second place in providing Business Analytics courses to students.
Some of the Universities Offering Undergraduate Business Analytics Courses in the UK are:
University of Loughborough:
The B.Sc (Hons) Business Analytics from the University of Loughborough is designed keeping in mind the growing need for Business Analytics in the market and the demand for skilled graduates who can use analytics to make better business decisions.
The course is a mixture of theoretical knowledge of methods and employability skills. It is a full-time, 4-year course with a placement year. Both UK and international students can apply for the course. The annual course fee for UK students is: £9,250* and for international students is: £24,000*.
Curriculum: The first two years of the course gives you an introduction to management disciplines and some specialist subjects are designed for this course. Please keep in mind that the modules are reviewed annually and may be subject to change.
Year 1:
Semesters 1 & 2
- Compulsory Modules
- Study and employment skills
- Management outlook and organizational conduct
- Optional Modules
- Business skills A – quantitative
- Business skills B – quantitative
Semester 1:
- Compulsory Modules
- Marketing principles
- Financial reports
- Optional Modules
- Digital age business
- University language program
Semester 2:
- Compulsory Modules
- Business economics 1
- Optional Modules
- Principles of Law & Finance
- Organizations in the international market
- Retail management
- University language program
Year 2:
Semester 1:
- Compulsory Modules
- Professional skills
- HRM
- Management of science methods
- Accounting for managerial decisions
- Optional Modules
- BIM
- Information systems & data knowledge
- Sales & global brand management
- Business economics 2
- University language program
Semester 2:
- Compulsory Modules
- Systems development
- Business analytics programming
- Management operations & data analysis for management
- Business principles & social responsibility
- Optional Modules
- Company law
- Finance markets and fundamentals
- Entrepreneurship issues
- Digital marketing & consumer behavior
- University language program
Final Year:
Semester 1:
- Compulsory Modules
- Big data management
- Analytics for web
- Forecasting for business
- Leadership qualities and professional development
- Optional Modules
- Efficiency analysis
- Use of Technology in Society & Business
- Corporate finance & governance
- Interpersonal skills
- HRM (international)
- Business issues
- University language program
Semester 2:
- Compulsory Modules
- Strategic management (global)
- Business functions and optimization
- Business analytics databases
- Optional Modules
- Decision support
- Information management
- Resource planning
- Career analyzing
- Marketing management & strategy
- Marketing communication
- Project management
- University language program
The coursework is based on tasks, projects, tutorials, group work, computer-based learning, etc.
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University of Exeter:
The University of Exeter is a public research university that provides B.Sc in Business Analytics. The aim of the course is to provide the students with analytical, managerial, financial, and marketing skills. The course is structured to help students become aware of the future of the business. It is a full-time 3-year course. The annual course fee for UK students is: £9,250* and for international students is: £23,500*.
Curriculum: The program modules enlisted here give an idea of what is expected to learn from the course. Please keep in mind that the modules are reviewed annually and may be subject to change.
Year 1: The first year is composed of both compulsory and optional modules to give you a strong base of the subject and to know about your area of interest.
- Compulsory Modules
- Business Statistics
- Marketing fundamentals
- Management economics
- Knowing & Discovering management
- Business Analytics Programming
- Optional Modules
- Introduction to social data & Accounting
- Impressive entrepreneurship
- Econometrics & Finance- Introduction
- Society and Businesses
Year 2: The second year also consists of compulsory and optional modules. The main aim of the year is to develop the analytical skills of the students in addition to letting them explore their areas of interest.
- Compulsory Modules
- A practical overview of business analytics
- Management operations
- HRM
- Knowledge of database technologies in business analytics
- Marketing Analytics
- Optional Modules
- Econometrics
- Information systems, digital technologies & future of work
- Challenges and practices of leadership
- Consumer behavior
Placement Year (if taken)
The B.Sc in Business Analytics offers you the opportunity to either study abroad or work in a related industry. If either of the options is taken, the placement year is completed in the third year and the final completion of the degree takes place in the fourth year.
Final Year: The compulsory modules of the final year develop the business knowledge to the advanced level while the optional modules allow you to specialize in your area of interest.
- Compulsory Modules
- Analytical operations
- Human resource & strategic analytics
- Analytics & visualization
- Strategy
- Optional Modules
- Bitcoin, trust & money
- Strategy and marketing management
- Ethics & innovation
- Dissertation
- Digital Marketing
The undergraduate Business Analytics courses in the UK have a duration of 3 to 4 years, although different universities have different eligibility criteria, the average eligibility criteria remain the same for all. To apply for the undergraduate Business Analytics courses in the UK across various universities and colleges the required criteria are as follows:
- Students should have passed class 12th with at least 70% marks in the examination.
- The minimum IELTS score is 6.
- The Pearson Test of English (PTE) should not be less than 56
- The average fee for B.SC Business Analytics courses in the UK is between £9,000 and £24,000 annually, exclusive of other cost structures.
*The annual fee structure may be subject to change.
Masters in Business Analytics Course in the UK
Masters in Business Analytics in the UK prepares students in various fields like Analytics, Data Science, and Critical Thinking. Some of the subjects which are included in M.SC Business Analytics are as follows:
- Data Analytics
- Business Process Management
- Principles of Accounting
- Supply Chain Management
- Innovation Management
- Logistics
- Machine Learning and Visualizations
- Foundation of Finance
- Risk Management
Some of the Universities that offer Postgraduate Business Analytics Courses in the UK are:
University of Warwick:
Ranked third best university in the UK in the year 2022, the University of Warwick offers M.sc Business Analytics which is a full-time one-year program. The course is structured in such a way that it gives you a deep insight into how to analyze and solve business problems using various tools and techniques. The course features a broad range of theories and applications in Analytics.
The course consists of both core and optional modules which are listed below:
- Core Modules
- Data management
- Business Statistics
- Practical analytics
- Advanced analytics & data analysis
- Optimization models/techniques
- Business for analyst
- Dissertation
- Optional Modules
- Supply chain and forecasting
- Pricing and strategy analytics
- Text and financial analytics
- Event simulation
Optional modules can change every year.
- Entry requirements
- Undergraduate degree in a quantitative field or equivalent
- IELTS overall score of 7.0, minimum component scores of two at 6.0/6.5, and the rest at 7.0 or above.
- Standardized Test Score: 90th percentile in GRE or GMAT
- English level requirement: Band B
- The college has maintained a student-faculty ratio of 8:1.
- Students will be well-prepared for a variety of careers, including research at the Ph.D. level.
- The Employment rate of the University is 94%.
- The acceptance rate of the University is 14%.
- Course fees (annually in GBP): £29250*
Imperial College London:
Ranked at #5 in the world in the QS world university ranking 2023, Imperial’s master’s program in Business Analytics is offered in two modes.
- One-year full-time on-campus program.
- Online, a part-time program that runs for 2-3 years. The course is specially designed for working professionals with flexible study hours, from anywhere across the world.
The course will provide you with the skills that are required to be a leader in Business Analytics under the guidance of world-renowned faculty. The curriculum covers all the technical and quantitative training and allows you to enforce your learning in a practical environment. The course syllabus consists of both core and elective modules which are listed below:
- Core Modules: core modules build up the basic theoretical and programming foundation that is required for analytics.
- Algorithms and data structures
- Basic fundamentals of database technologies*
- Machine learning (MI)
- Statistics and math for analytics
- Networking analytics*
- Optimization and decision models
- Econometrics and statistics
- Visualization*
*following modules are not included in the part-time program.
- Elective Modules: elective modules are chosen according to one’s personal interest and ambitions.
- Advanced MI
- Digital marketing analytics/ energy analytics/ financial analytics
- Medical and healthcare analytics
- Logistics and supply chain analytics
- Data management ethics*
- Retail and marketing analytics/workforce analytics
- Service Analytics
*not included in the part-time program. In addition to the above, the part-time program also includes:
- Business and data analytics/ visualization for business
- Basic fundamentals of database technologies
- Analytical leadership
- Projects
- The full-time program includes Analytics in Business Capstone project. It is a work placement or a consulting project or it can be either Individual Research Report. The same project is included in the part-time mode too but it would be a work-based or analytics project or an Individual Research Report.
Entry Requirement:
- First or upper-second-class honors undergraduate degree from a recognized university or the international equivalent. Candidates with non-traditional qualifications and backgrounds are considered on the basis of highly relevant work experience or demonstrated interest.
- Quantitative disciplines such as Mathematics, Statistics, Computer science, Engineering, Physics, and quantitative economics degrees are a must for a student
- Submission of GMAT or GRE is recommended but not essential
- IELTS score of 7.0 with minimum scores of 6.5 in all elements.
- TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements
- Course Fees (Annually):
- £37,300. The fee for the on-campus M.Sc Business Analytics program is the same for both UK and international students.
- £34,400. The fee for the online M.Sc Business Analytics program is the same for both UK and international students.
Ph.D. program in Business Analytics from the University of Essex
If data analytics are done accurately, ample opportunities can be generated for our business leaders and entrepreneurs. Modern economies are consistently demanding trained researchers who can help with analytical problems.
The Ph.D. program in business analytics at the University of Essex equips the students with all the statistical and computational techniques making them ready for any research-based questions relevant to emerging markets, businesses, and forums using different data sets.
The research area is selected depending on one’s interest and skills under the supervision of expert mentors. It is a full-time, 4-year course. The research area may include the following:
- Network analytics
- Entrepreneurship
- Innovation
- Complex systems & domains
- Market behavior
- Organization studies
Entry Requirement:
- Master’s degree or equivalent in a quantitative subject such as statistics, economics or mathematics.
- A well-developed research proposal.
- IELTS 6.5 overall, with a minimum score of 5.5 in other components.
- UK fee £5,630 and International fee £17,050
A Ph.D. in Business Analytics can open the door to many new and advanced careers by enhancing your professional development with the right skill set and vision. The program helps you to be in league with future-generation social scientists by developing your research skills and preparing you to select the best research strategies and designs.
Online Business Analytics Courses in the UK
The online courses are designed to provide business & working professionals with the knowledge of analytical tools that are required to understand the trends and strategic insights of the business. Some of the institutes that provide online Business Analytics courses in the UK are:
ACCA:
ACCA provides the certificate course in Business Analytics (CertBA). It’s a 12-week live course, which contains six modules and each Module has an expert session. Upon the successful completion of the course, the students would be able to think critically about the data, explore the strategies, and implement analytical approaches within the organization.
After completion of the course, the learners will:
- Understand the basic fundamentals and analytical methods to critically visualize and analyze the data which is the base for decision making.
- Practically implement the learned analytical techniques and methods across various industries and sectors to develop data insights for better decisions
- Make better predictions and strategies for creating value for your organization.
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University of Bath:
The online MSc Business Analytics course is designed for both business and non-business graduates. The duration of the course is 2 years and 3 months and it provides a wide range of practical analytical skills used for converting big data chunks into knowledge.
The latest informational technology has been generously used in the course to fill in the gap between data insight and business goals. After the completion of the course, the students are well-versed in all the essential management skills, which are required to advance their careers in today’s data-focused sectors.
- Course Structure: the course consists of 13 units which have to be completed between 2.3 years and 5 years, including the final dissertation.
The 13 units are listed below:
- Databases
- Business intelligence
- Optimization
- Spreadsheet modeling
- Business Statistics
- Forecasting
- Data mining
- Machine learning
- Heuristics
- Simulation
- Practical analytics
- Project management
- dissertation
Career Scope After Completion of Business Analytics Courses in the UK
The career scope of business analytics is very wide. Business analytics professionals acquire jobs from different sectors, all for different kinds of job roles, though the responsibilities differ depending upon the designation and the sector in which the organization operates, but the goal is the same -solving business-related problems.
The career of business analysts in the UK has been booming at a higher pace. Business analytics coursework in the UK offers students a wide range of opportunities to flourish in their career path in the future. Potential career paths include sectors as varying as finance, government, marketing, healthcare, and sustainability. Some of the important roles in Business Analytics are:
| Designation | Top Recruiters |
| Entry-level Business Analyst | HSBC |
| Business Analyst | Accenture |
| Business System Analyst | McKinsey & Company |
| Senior Business Analyst | Barclays |
| Data Analyst | Deloitte |
| Decision Analyst Professional | J.P. Morgan |
| Business Consultant | Cognizant |
| Technical Subject Matter Expert | Lloyds Banking Group |
| Project Manager | NatWest Group |
| Management Analyst | Amazon UK |
FAQs
Q1. Is Business Analytics Courses in the UK worth doing?
The simple answer is yes. The Business Analytics Courses are in great demand due to ample job opportunities, making it the most sought-after course in the UK.
Q2. What qualification do I need to be a Business Analyst in the UK?
A Bachelor’s degree or a Master’s degree in the relevant field. Business Analysts must possess analytical and negotiation skills along with logical and critical thinking.
Q3. What are the disadvantages of being a Business Analyst?
Business Analysts are expected to work for long hours as they have deadlines to meet, and they work on projects with quick turnaround times.
Q4. Are Business Analysts well-paid in the UK?
Yes, they are. And with the increase in experience and skills, they are paid even higher.
Q5. Is it easy to get admission to UK Universities for pursuing Business Analytics?
No, it is not that easy as you have to fulfill certain criteria and conditions before taking admission to any reputed university.
Q6. Why is a Master in Business Analytics popular in the UK?
Masters in Business Analytics is a one-year full-time program that deals with real business problems. Students get to see actual business and financial environment thus opening the door to future career growth.
Conclusion
Hence, the Business Analytics Courses in the UK are progressive and help you acquire the skills and qualifications needed to pursue a career in Business Analytics.
