Last Updated on August 12, 2022
Business analytics or BA alludes to the collection of methods and techniques which are used by an organization to measure the accomplishments. Business analytics includes the statistical methods which can be applied to a particular project, a process or a product. Business analytics or BA can successfully be used to make an evaluation of an entire company.
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Difference between Big Data & Business Analytics
Business Analytics & Big Data should not be considered similar to Business analytics basically which focuses on a core metric and which is financial and operational analytics of the organization/business.
While when we talk about the ‘Big data’ analytics greatly benefits us to analyze a wider range of data that is coming in the business from all sources combined and that helps the organization to make better and productive decisions.
Apart from that, the heavy, big data includes automation while business analytics depend on a particular human being or data analyst who is looking at that data and thus gathering important and meaningful information and thus drawing inferences from that.
So we can clearly say that in Big Data, the machine greatly takes over the job of analytics.
Masters In Business Analytics Canada Without GRE Program
The Business analytics in any organization is performed to efficiently identify the gaps and weaknesses which are there in already existing processes and further highlights important data that might be beneficial in helping an organization to prepare itself for challenges and growth that will arise in future.
The demand by companies/ organizations for great business analytics has sparked the setting up of the business analytics software and also the enterprise platforms that excavate an organization’s data so as to automize some measures and further successfully pick out the important perceptions.
Top Tools/Skills used in Business Analytics
top universities in canada for business analytics Without GRE
Canada has emerged as one of the strongest economies in the world. People residing in Canada enjoy high standards of living and also internationally renowned education system.
Students, who aim to study in Canada, get the options to choose from Universities like British Columbia, York University, UBC, HEC, Saint Mary University and so many top names in educational institutions all over the world. To make a successful career in BA students can have study options in the following Universities of Canada:
1. Masters of Business Analytics – UBC
This 12-month program of UBC, Vancouver provides students the quantitative background of analytical skills which they can further apply to meet the challenges of the current business world. The students under the expertise of programs that are created to master in the field of Business Analytics definitely move a step closer to a successful BA career.
2. M.Sc. in Computing & Data Analytics
Saint Mary’s University: Saint Mary’s University’s M.Sc. program which is a graduate level program of 16-month program is crafted to meet the challenges of Data and Analytics.
The program develops talented computing and data analysts who contribute towards the organization’s success.
3. Masters in Business Analytics – York University
The Schulich School of Business offers a 12-month full-time course of Masters in Business Analytics that is so designed to give its students the tools and skills to become a BA expert.
The students get the prestigious SAS Certification when they finish the program.
4. M.Sc. in Business Analytics – HEC Montreal
The HEC Montreal’s M.Sc. in BA course is a 16-24 month course that gives its students the much-required skills and knowledge of the field of data and analytics.
It is the oldest business school in Canada with a large number of International students opting to study in this prestigious institution.
5. Big Data Management & Analytics – University of Ottawa
The Telfer School of Management, Ottawa, provides courses in Business Analytics which offer its students the knowledge and skills required to drive performance and change in companies.
It thus helps organizations to improve their productivity.
6. Masters in Business Analytics – Queens University
The Queens University Masters in Business Analytics program includes all the courses that can be applied to the requirements of Certification.
You can get the best in class degree in just 12 months. This program allows you to work but is a full-time program.
Career Option for Masters In Business Analytics in Canada Without GRE
Business Analytics has reached new heights in the past years because of the amazing explosion of the data which is now being made available to the companies/ organizations.
The above-mentioned analytics tools help the companies to get the skills which are required to use that data for their benefits.
Now it becomes the job and duty of business analysts to effectively aggregate the available data and then efficiently and mindfully decide how their organization can make profitable use of that data to work more efficiently and effectively.
To match this rise in demand of business analysts and lessen the gap between demand and supply universities and colleges all over the world are providing Masters in Business Analytics which prove to be the best career option for fresh graduates who possess a background in the field of science, business, math or engineering.
Data & Business Analytics in Canada: Job Outlook
As per the recent study conducted by IBM, about 40% of data and business analytics positions have to have a master’s degree or doctorate. When you are trying to map out higher education for improving professional growth, you can check out the courses in these remarkable institutions in Canada.
53% of large Canadian organizations identified the lack of talent as the biggest impediment to the successful completion of big data projects.
The obvious choice for a graduate with a master’s degree in business analytics would be to work as a data scientist, business analyst, or a management analyst.
You would typically be collecting and interpreting big data through quantitative analysis in order to predict, evaluate and inform decisions in a number of business areas, including human resources, customer service, marketing, operations, and finance.
Canada is an immigrant-friendly country. So, after you finish your program in Business Analytics from a Canadian University and also while doing the course, you have work rights if you are an international student. Read more about Jobs and Salaries after MS Business Analytics (all around the world).
Data & Business Analytics in Canada: Salary Outlook
The median Business Analytics salary in Canada is CAD $94,593 (Neuvoo) per year. Experienced professionals make up to CAD $139,396 (Neuvoo) per year.
The average salary for the entry-level ms business analytics graduates is CAD $65,356 (PayScale) per annum. For managerial positions, the annual average salary is CAD $92,957 (PayScale).
Most In-Demand Analytics Skills in Canada
- Apache Spark
- Microsoft BI
- Rational Requisite Pro
- Mindjet MindManager
- Others: MS Office Suite, VLOOKUP, PIVOT, SUMIFS, and COUNTIFS
Costs of Studying Masters in Business Analytics in Canada
For the majority of top schools like UBC, Toronto, Queen’s, York, etc., the program costs are in the range of CAD $65,000 – $75,000 (INR 35 – 41 Lacs).
On average, for any decent MS Business Analytics or Big Data Analytics program, you will need to shell out around CAD $35,000 (appx. INR 19 Lacs).
ms in business analytics in canada ranking
Masters in Business Analytics in Canada is a one-two year program available as MBAN (masters in business analytics) and an MBA with a specialization in business analytics. The average tuition fee for pursuing MS in Business Analytics in Canadian Colleges is around 20,000 to 50,000 USD. For Indian students, this estimates to be 36.81 Lakhs INR.
To get admission to Masters in business analytics courses, international applicants need is a GPA of 3.0 (83-86%) and a GMAT score for top universities. The course focuses at intersecting technology and business, providing analytical insights that help in achieving business goals. Business Analytics courses in Canada open a wide range of job opportunities for its graduates. A postgraduate in business analytics from Canada can earn around 70,000 to 100,00 USD/year.
Top Universities offering Masters in Business Analytics in Canada
Masters in business analytics are available in some top-ranking Canadian universities and business colleges. These best universities/colleges for business analytics in Canada are mentioned below along with the program specialization available:
|#34||UBC Sauder School of Business||Masters of Business Analytics|
|#401-500||York Schulich School of Business||Masters of Business Analytics|
|#136||University of Alberta||MBA Business Analytics|
|#201-250||Western Ivey Business School||MS in Business Analytics|
|#137||HEC University||MS in Data Science and Business Analytics|
|#72||McMaster DeGroote School of Business||MBA Business Analytics|
|#501-600||Carleton University||MS Business Analytics (collaborative masters)|
Why Pursue Masters in Business Analytics in Canada
- Around 8 Canadian Universities offer Masters in Business Analytics of which three are in the world’s top 100, according to QS World Universities Ranking, 2022.
- According to the Bureau of Labor Statistics, the number of jobs related to business analytics will observe a steep rise of around 110,000 by 2026.
- According to the GMAC survey 2018, 71% of employers plan on hiring business school graduates for analytical roles. 52% of these hired applicants are required to have MBAN or a similar degree.