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    Masters in Business Analytics in UK: Top Colleges, Admission Eligibility, Fees, Scholarships, Jobs

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    Bhavya Rawal

    Study Abroad Expert


    In this growing age of overflowing data and information, Masters in Business Analytics in UK is emerging as an unparalleled program. Currently 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 UK after completion of MSc in Business Analytics in 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 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 UK

    International students who wish to study MSc in Business Analytics in UK can apply for the following top universities offering the degree. The table below also details the cost of studying the program from UK universities:

    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

    Why study Masters in Business Analytics in UK?

    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:

    1. 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.
    2. Endless Job Profiles and Easy-Switch: Since the course applies to almost every field ranging from banking to entertainment, the degree in Business Analytics opens a wide area of options to explore and choose from and does not restrict students to sticking to just one profile.
    3. Higher Growth and Salary: As per BATimes 2019 survey results, jobs for business analysts are predicted to rise by 20 to 28% for entry-level and senior business analysts in the coming year. With a current employment rate of almost 70% and an average salary of 62,000 GBP, the field is expected to experience an upward slope only.
    4. Lower Tuition Fee: An average tuition fee for master’s program in the UK is lower in comparison to the US with 17,392 and 38,380 GBP, respectively.
    5. Two-year Stay Back: The fact that the UK Government has extended the stay-back time in UK for international students after completing their degrees allows sufficient time to find a good job and adds to the pros of studying in the UK.
    6. Diversity: With around 80 to 90% of international applicants making up the majority of the student body, 46% of which were women, indicates an atmosphere of cultural and ethnic diversity and adds points to its favor.

    Admissions to Masters in Business Analytics in UK

    As part of the application process, candidates have to fulfill certain mandatory specifications while enrolling at the institute of choice. The basic requirements that must be met while enrolling at the top-ranking academic organizations for MSc in Business Analytics in UK are as mentioned below.

    How to Apply? Apply online at the official website of various institutes using their respective application portals.

    Basic Entry Requirements

    • International Baccalaureate with a minimum of 35 points and 17 at a higher level.
    • An Honours Degree in engineering, management, or related field with a minimum of 60% marks or ~CGPA of 6.0+ (for Indian applicants) or equivalent.
    • A relevant professional qualification can also be considered as a substitute for the basic degree requirement.

    English Language Requirements

    An international student from a non-native English-speaking country is required to submit proof of English language proficiency for pursuing master's in business analytics in UK. For meeting language proficiency specifications, a student can submit any one of the following tests for studying in the UK.

    Name of Test Minimum Score
    IELTS Overall Band Score of 6.5 to 7.0
    TOEFL iBT 92 to 100
    TOEFL pBT 160
    PTE Academic The average score of 66 to 73

    Applicants must note that the above-mentioned scores in the range reflect that it is not constant for various universities and varies as per the institute’s corresponding requirements.

    Additional Requirements

    • Transcripts: Academic transcript from a previous institution in English or translated by an appropriate agency.
    • GMAT/ GRE or equivalent: Minimum GMAT score of 650 is a good enough score for securing you a position in the top-ranking institute.
    • Portfolio: includes work samples regarding previous education or professional experience depicted via diagrams, sketches, drawings, among others.
    • Personal statement: A 300 to 500 words document outlining your previous experience, your motive behind opting for the current course, your future plans and the contributions you are hoping to make for the greater good with the help of your degree.
    • Resume/ CV: A latest updated detailed resume with references from people who are well versed with your professional and personal skills and potential.
    • Letter of support: A reference letter from the past employer reflecting how can you be an asset and what makes you the perfect fit for the program.

    Note: As the competition for the program is extremely high, most of the top universities automatically give preference to applicants with striking grades above the minimum requirements set by the institute.

    Admission to Masters in Business Analytics in UK Top Universities

    Mentioned-above are the general requirements that you will need to fulfill to get into any of the UK universities offering masters in business analytics. Let us now have a look at the specific admission requirements for pursuing the program from top universities in UK:

    University Academic Requirements GMAT/GRE Additional Requirements
    Imperial College London 60% in UG 650 Quantitative Experience Statement, 2 Referees,
    Ans. Career Planning Questions, Video Interview
    Alliance Manchester Business School 60-80% for Indian Applicants Not mandatory One LOR, SOP
    Warwick Business School 60% or more in UG May be given if asked by university SOP, LOR, CV
    University of Edinburgh Business School 60% with 1st class degree in India Not mandatory LOR, relevant work experience
    Lancaster University  60% average and min. 55% in last 2 consecutive years Not mandatory LOR, Personal Statement
    University of Bath 60% in UG Not mandatory Previous experience in computer programming
    Work experience
    Leeds University Business School 60% or more Not mandatory LOR, Personal Statement

    it can be noted from the above table that GMAT/GRE are not mandatory for admissions to the program. It can also be concluded that the basic academic and document requirements are similar across universities offering masters in business analytics.  

    Language Proficiency Requirements

    University IELTS TOEFL
    Imperial College London 7.0 100
    Alliance Manchester Business School 7.0 100
    Warwick Business School 7.0 100
    University of Edinburgh Business School 7.0 100
    Lancaster University  7.0 94
    University of Bath 7.0 94-100
    Leeds University Business School 6.5 92

    UK Student Visa

    International aspirants hoping to enroll at a renowned institute in the UK must note to apply for a student visa. For a full-time course, a candidate must possess a Tier 4 visa for which can be obtained at the nearest embassy or with the help of a consultant.

    List of mandatory documents that must be collected before applying for a visa to study in the UK are as follows:

    • A valid Passport
    • Passport size photograph
    • Letter of Place from the institution
    • English Language Ability Scorecard
    • Proof of Finances or a Written consent of sponsor to the visa application
    • Confirmation of Acceptance for Studies (CAS) reference number and documents required for getting CAS
    • Tuberculosis screening (if needed)

    Masters in Business Analytics in UK: Cost of Study

    Before applying to an institute in a foreign land far from home, it is always advisable to plan your finances beforehand in order to avoid any unfortunate complications. When applying to a university abroad, a student must take note not only of the tuition fee of the program one is opting for and university charges, but also the area it is in and the other living expenses that one will have to incur while staying in that place.

    For instance, while the UK itself is more expensive than nearly 87% of countries in the World with a monthly cost of around 2,205 GBP per person, its city of London is the most highly-priced city which is more expensive than almost 95% cities globally. The basic amount required by an international student for studying in the UK can be divided into 2 fragments which are mentioned as follows:

    Pre Arrival Cost

    As the name suggests, pre-arrival charges include all the expenses that you are probably going to incur before leaving your home to study abroad. Some such expenses are tabulated below.

    Type of Expense Cost (in GBP)
    UCAS Application Fee 20
    UK Student Visa Application Fee 348
    Health Insurance 150 to 200
    IELTS Registration Fees 150
    TOEFL 140
    GMAT 194

    Post Arrival Cost

    Expenses like your average tuition fee and the cost of living in the UK inclusive of meals, accommodation, books, and supplies, among others, make up the post-arrival cost category. The tuition fees for masters in business analytics as discussed above ranges between 17 to 28 lakhs per annum. Along with the tuition fees, you will be required to take care of you other living expenses. 

    The state-wise cost of attendance required to survive an academic year in the United Kingdom is depicted in the chart below which reflects that while London is the most expensive of all the cities, Liverpool is one of the affordable options that a student can opt for. 

    City-wise Cost of Attendance in UK

    Masters in Business Analytics in UK with Scholarships

    Various universities in the country offer benefits of financial support for international students to study in the UK in the form of awards, sponsorships, and studentships. Some of the university-based scholarships available for international students to study masters in business analytics in UK are tabulated as follows:

    Name of University Name of Scholarship Amount
    Alliance Manchester Business School University of Manchester India scholarship 7,500 GBP waiver in tuition fee
    University of Warwick Idealo Scholarship
    OFID Scholarship Program

    80,000 GBP (10 students)

    Tuition fee + examination fee + health insurance

    Imperial College London Imperial Business Scholarship
    Imperial College Scholarship
    Up to 10,000
    Up to 50% off on tuition fees.  
    University of Bath GREAT Scholarships
    Chancellor’s Scholarship
    Robertson International scholarship
    Dean's Award for Academic Excellence
    4 scholarships worth 10,000 to 25,000 GBP; applicants from india, China, Turkey enrolled in a full-time master course are eligible
    2,000 GBP
    1,000 GBP
    5,000 GBP (8 scholarships)
    University of Edinburgh LGBT+ Scholarship
    Business School International MSc Scholarship
    10,000 GBP
    4,000-10,000 GBP
    Leeds Business School Dean’s Excellence Scholarship
    International Excellence Scholarship
    Varies
    6000 GBP
    University of Liverpool Management School Future leaders Masters Scholarship
    ULMS India Excellence Scholarship
    Provided to on-campus students for MS programs, Full Fee Waiver
    50% fee waiver to Indian Students enrolled in MS program at the institute

    Jobs after Masters in Business Analytics in UK

    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:

    Jobs after MSc in Business Analytics in UK

    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 on 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. 

    FAQ’s

    Ques. Is masters in business analytics in UK worth it?

    Ans. The demand for business analysts in the UK is currently on a 20% hike and is expected to rise further with almost 143,926 new job postings by 2020. With a current average salary of 62,000 GBP and an employment rate of over 70% within 6 months of completing the graduation definitely makes it worth the pursuit.

    Ques. Where can I pursue Masters in business Analytics in UK?

    Ans. Some of the popular univeristies or business schools in UK offering masters in business analytics are Imperial College London, Warwick Business School, Leeds University Business School, Liverpool Management School, Alliance Manchester Business School, etc.

    Ques. How much does MSc in business analytics in UK cost?

    Ans. The program fees for masters in business analytics in UK range from 17 to 28 lakhs per annum. Additionally, the cost of living in UK 18 lakhs to 33 lakhs a year depending on the choice od city anc lifetyle choices. 

    Ques. How much can I earn with masters in business analytics in UK?

    Ans. The freshers entering the industry can expect to make a starting salary of around 60,000 GBP to 70,000 GBP. However, the salaries inclusive of your bonuses at renowned firms can go up to 93,000 GBP a year.

    Ques. What jobs can you get with a masters in business analytics in the UK?

    Ans. Since Business Analytics is a field that applies to almost every area ranging from sports and entertainment to education and banking, thus, a graduate with MSc in Business Analytics in the UK has a diverse range of options to explore which includes government agency, manufacturing, healthcare, finance, digital, market research, project management, among others.

    Ques. Is MSc in business analytics in the UK possible without work experience?

    Ans. Yes, it is possible to pursue masters in business analytics in UK without any work experience as it is not a mandatory condition for admission. But, it does increase an applicant’s chances of enrollment and thus is highly recommended.

    Ques. Can MSc in Business Analytics in the UK be completed without GRE/GMAT?

    Ans. It is possible to pursue the program without GRE/GMAT from the UK if a candidate has an overall impressive profile because the final verdict depends on various parameters like GPA, Statement of Purpose, LOR, Interview performance, etc. 

    Ques. Are there any universities in the UK for MS Business Analytics that require no GMAT/ GRE ?

    Ans. There are several high ranking institutes that offer admissions without GMAT/GRE though they are highly recommended at all times. The universities offering business analytics programs without GMAT/GRE in the UK are namely, Alliance Manchester Business School, University of Edinburgh Business School, University of Bath, etc.