MS in Business Analytics in Canada


Data: The Language of Business

In the new millennium, data has translated into the language of business. Industries across the globe are using data as the foundation for making sound business decisions and setting business goals. With every passing minute, a mind-boggling amount of data is generated around the world. According to the sixth edition of Data Never Sleeps published by Domo.com

  • “By 2020, it is estimated, for every person on earth, 1.7 MB of data will be created every second

This astronomical quantum of data has become critical for business and industry in a highly uncertain time and dynamic world. Information laden in the right data can provide critical insights into the minds of the consumers, to help understand them better, identify target audiences with pinpoint precision, enhance products, set the price of a product, and myriad other insight. In short, data in business can be strategically applied to

  • Make complex business decisions in uncertain times
  • Solve business problems
  • Address the needs of organisations


What is Business Analytics?

So after having read this far, you might be wondering what Business Analytics is all about. The easiest answer would be taking a data set and interpreting it with a specific business purpose. Here is how the Intelligent Enterprise Pioneering Entity MicroStrategy has defined Business Analytics.

Business analytics is the process of collating, sorting, processing and studying business data, and using statistical models and iterative methodologies to transform data into business insights. The goal of business analytics is to determine which datasets are useful and how they can be leveraged to solve problems and increase efficiency, productivity and revenue.”

On the other hand, the IT Analyst firm Gartner defines Business Analytics as:

Business analytics is comprised of solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”

In other words, Business Analytics uses software applications and builds statistical models from large data sets to aid business leaders to look into business performance, assess the current scenario, and understand the future outcome.

Does that sound like Business Intelligence? Hold on! There is a slew of differences between the two.

Business Analytics vs. Business Intelligence

Business Analytics Business Intelligence
Goal: Identify actionable data Goal: Develop strategies and tools to analyze business information
Emphasis: On why things are happening Emphasis: On what and how to understand what is working for the business and what isn’t
Prescriptive/Predictive: Focuses on future outcomes.

Use data to clarify past performance, predict future events, and recommend actions

Descriptive: Focuses on past and current events
Focus: On methods Focus: On strategies and tools


What Do Business Analytics Professionals Do?

Business Analytics professionals typically address four kinds of questions in business.

  • Descriptive Analytics: What is happening to the business right now?
  • Diagnostic Analytics: Why is it happening?
  • Predictive Analytics: What is likely to happen in the future?
  • Prescriptive Analytics: What is needed to succeed?


Transforming Data to Business: The Job-Market Upshot

As a result of the critical role of data in business, Analytics has emerged as one of the hottest in-demand skills. People who can analyse, interpret, and synthesise data in rapidly competitive and technology-intense business ecology are critical to the success of a business. According to an estimate, by 2022 in the US alone there would be a demand of 2.72 million skilled analytics professionals.


Studying Business Analytics in Canada

Business leaders now are increasingly viewing Business Analytics as the Greenfield frontier in productivity. If are thinking ‘about embarking on a career in Business Analytics, you need to have a masters or a doctorate. And if you have chosen Canada to be your destination of choice, you have chosen the right path. Canada is a top-notch destination to study Business Analytics. So what are some of the top Schools to study Business Analytics in Canada? Here is a sneak peek at some of the top MS programs in Business Analytics in Canada.

Name of the School Program Intake Application Deadline Duration Eligibility Career Outlook Cost for International Students Any Additional Fees
University of Toronto Rotman School of Management Master of Management Analytics August/1 intake per year Mid-November 9 months full time
  • 4-year undergraduate degree with a mid-B average
  • GMAT/GRE score not mandatory but encouraged
  • Admission Interview
Employment Rate: 98% Tuition Fees: CA$67,160+Expenses
University of British Columbia Sauder School of Business Master of Business Analytics August First Round: End of October

Final: Mid-March

12 months full time
  • 3/4 years undergraduate degree with B+ average
  • Either GRE score of 155 in both Verbal and Quantitative
  • Or GMAT score of 550 with 50th percentile in the Verbal and Quantitative sections.
  • English proficiency.
Tuition Fees: CA$55,703+Expenses
  • iMed Health Insurance CA$189
  • Non-refundable CA$145.75
HEC Montreal Master of Science (MSc.)-Data Science and Business Analytics (Thesis Stream/Supervised Project Stream Fall (No admission in Winter and Summer) Final: Mid-March 16-24 months
  • University degree
  • GMAT: 630 or higher
  • GRE: Overall score equivalent to GMAT
  • Advanced proficiency in English
Employment Rate: Close to 100%
  • Tuition Fees for the first 4 terms: For thesis: CA$28,800; Supervised Project: CA$29,900
  • Scholarships are available
McGill University Desautels Faculty of Management Master of Management in Analytics (MMA) May First Round: October 31;

Second Round: December 15;

Final Round: February 15

12 months full time
  • Undergraduate degree
  • GMAT/GRE score
  • IELTS/TOEFL score
Employment Rate: 87% within 6 months of graduation Tuition Fees: CA$45,000+Expenses Health Insurance: CA$1200
York University Schulich School of Business Master of Business Analytics (MBAN) May Round 1: Mid-August

Round 2: Mid-October

Round 3: November 30

Round 4: February 17

As an international student, you should apply in Round 1.

12 months full time
  • 4-year undergraduate degree with a minimum B+ average (78%-80%)Strong quantitative background in undergraduate studies
  • GMAT score of 650-680/GRE score of 310-320
  • IELTS:7/TOEFL: 100
Tuition Fees: CA$25, 395
McMaster University DeGroote School of Business MBA in Business Analytics January 06

May 04

September 14

2 years
  • GMAT score of 600
  • GRE: 300
  • IELTS:7/TOEFL: 100
Tuition: CA$19,868.16 Health Insurance: CA$136

Dental Insurance: CA$126

Besides these top colleges, here are some other institutions that offer master’s programs in Business Analytics.

  • Alberta School of Business: MBA with Business Analytics concentration
  • Ivey Business School, Ontario: MSc. in Business Analytics
  • Sprott School of Business, Carleton University, Ottawa: MBA with Business Analytics concentration
  • Queens University Smith School of Business: Master of Management Analytics (MMA)
  • Trent University: MSc. in Big Data Analytics


Studying Business Analytics in Canada: Key Highlights

  • Minimum 16 years of education
  • 4 years of undergraduate studies with a B grade
  • Substantial exposure to mathematical and quantitative techniques such as linear algebra, statistics, and calculus in the undergraduate level
  • Experience in computer programming and data analytics a definite plus
  • Minimum GPA of 3.0 on a scale of 4
  • Minimum English language proficiency: 7.0 in IELTS, 100 in TOEFL
  • Minimum academic requirements
  • Minimum acceptable GMAT score range between 550 and 600
  • Minimum acceptable GRE test scores range between 310 and 320
  • No minimum work experience is required
  • Annual tuition fees range between CA$20,000 and CA$51,000
  • The minimum annual cost of living ranges between CA$5000-CA$15,000
  • Both state-funded and university-specific scholarships and financial aid are available.
  • The average annual salary of an MS Business Analytics professional in Canada in excess of CA$65,000.
  • Some of the MS programs in Analytics such as that of the Rotman School, Schulich School of Business, and Ryerson University are recognised by the world-renowned Vector Institute, Ontario.

So, this is the time for you to act. We hope we have been able to bring in some clarity about studying Business Analytics. However, if you are still hesitant on any count, you can always reach out to us at Manya – The Princeton Review for an informative session on all your questions.

For more information, call our Study Abroad Helpline 1800 102 4646

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