MSc Business Analytics
Business Analytics MSc
Why apply for the Masters in Business Analytics?
This programme is ideal for students wishing to work in business analytics, decision support, industrial engineering, operational research and management science. It has run at Lancaster for over 50 years (until recently it was known as the MSc Operational Research and Management Science). The programme will equip you with in-demand analytics skills and prepares you to solve challenging business problems. You will gain hands-on experience in applying theory to practice guided by world-leading academics and management scientists with expertise in areas including Forecasting, Optimization, Simulation and Operational Research. The employment record of the programme is excellent, with our graduates in demand from business and the public sector for their analytical skills. Staff involved in the programme are highly respected within the Management Science, Analytics and Operational Research community with an exceptional record both in academic publishing and industrial consulting.
Who is it for?
You should have, or be expecting, a first degree that includes some mathematics and statistics; for example, science, engineering, business studies or economics, as well as mathematics or statistics.
What will I study?
The aim of the MSc Business Analytics programme is to provide a solid basis in a variety of techniques including statistical, Forecasting, Optimization, Simulation and Operational Research which help in intelligent data-driven decision making when faced with complex business problems. This is achieved with a fine balance between theory and application of these techniques. The programme comes with great flexibility where you can choose from a range of modules to align with your own interests along with compulsory core modules. The structure of the programme is designed with special emphasis on the growing need for analytical skills required to deal with business problems in the big-data age. The taught element of the programme includes modules that help you to improve your professional skills as well as your analytical abilities. The taught modules end in May and are followed by a significant real-life project that runs until mid-September. In this, you will develop professional skills by working for 16 weeks as a consultant to one of our client companies, while being supervised by a member of staff. Alternatively, you can take a research project which is suitable for those who plan to do a PhD.
Will it prepare me for work?
The taught element of the programme includes modules that help you to improve your professional skills as well as your analytical abilities. The taught modules end in May and are followed by a significant real-life project that runs until mid-September. In this, you will develop professional skills by working for 16 weeks as a consultant to one of our client companies, while being supervised by a member of staff. This is excellent preparation for the world of work.
What about further study?
The MSc in Business Analytics can also serve as a springboard for further study for a PhD.
Are there any scholarships and other funding?
There are some scholarships available, please see the scholarship page for further details.
In addition, if you are from a developing country you may qualify for the Robinson Scholarship that reduces significantly the gap between home and overseas fees.
Client-based projects form the culmination of the programme. In this video Konstantinos Mokkas discusses his project with Jaguar Land Rover.
Why choose MSc Business Analytics at Lancaster?
Richlove talks about why she chose the course and what she has got out of it so far.