Master in Business Analytics

Vrije Universiteit Amsterdam

Program Description

Master in Business Analytics

Vrije Universiteit Amsterdam

Master in Business Analytics

The Master’s in Business Analytics (BA) is a multidisciplinary programme, aimed at improving business processes by applying a combination of methods based on mathematics, computer science and business management. You will be trained in recognizing and solving in-company problems. BA is a hands-on programme: you will use your expertise in the various fields to improve business practices by examining and analysing real-world situations as faced by companies daily.


Construct, implement and assess solution approaches

Theories from Business Analytics are typically applied to areas such as supply chain planning, data mining, call centre management, revenue management and risk management. The Master’s programme will deepen your knowledge in these areas and give you the opportunity to specialize in business process optimization, computational intelligence and financial risk management. Combining the knowledge you acquire and applying it to practical situations plays an essential role in the programme. The Master’s degree is concluded with a six-month individual internship at a company (the Master’s project).

You will learn

  • The art of mathematical modelling and ways to apply it in practice
  • To build a complete decision support system in a group project
  • To analyze data and recognize data patterns and structures
  • Mathematical methods used within financial institutions
  • Scientific writing and presentation skills
  • To work in an interdisciplinary team, to communicate and work together with experts in different areas
  • To combine and apply your knowledge in practice by means of a traineeship


Specializations:

  • Business Process Optimization
  • Computational Intelligence
  • Fanancial Risk Management

Career prospects


With a Master’s degree in BA, you will always be in demand on the labour market – even in times of economic downturn. Companies need academics who have learned to analyze quantitative problems, devise good solutions and implement them. Opportunities for continuing your education in a PhD research programme might also be considered.

What do students of Business Analytics do once they graduate?

  • consultants (30 percent)
  • quantitative analysts or risk managers at financial institutions (30 percent)
  • ICT workers (20 percent)
  • data-mining specialists (10 percent)
  • other professions (10 percent)


Continuing your studies


Graduates with excellent grades are invited to apply for one of our PhD student positions. This is normally awarded for four years, during which the student is expected to complete a research project. The main task of a PhD student is to conduct research resulting in a thesis.

Admission requirements


The requirements are split up into Masters’ specialization specific requirements and general requirements.


Specific requirements master’s programme

  • The Master’s programme in Business Analytics is open to those with a Bachelor’s degree in the same or an equivalent field and who are in possession of sufficient mathematical and computer skills. Those who have a Bachelor’s degree in Business Mathematics, Mathematics or Econometrics from a university or an institute of higher education will be admitted if approval of the Examination Board is obtained. The main admission criteria are:
    • A Bachelor of Science
    • 90 EC (european credit points) or equivalent of Mathematics/Econometrics/Computer Science courses at the BSc level.
    • 45 EC (european credit points) or equivalent of Mathematics courses at the BSc level, including Probability and Statistics.
    • English language skills at the level of TOEFL score 580 or above.
  • Holders of an HBO diploma in Business Mathematics are admitted first to the one-year pre-Master’s programme, and are advised first to contact the master’s coordinator before applying. Either way, an individual programme will be designed for the student in consultation with the coordinator.


Admission to the dual (part-time) programme

Admission to the dual master's programme is granted to those who have a BA Bachelor's degree. For those with another university Bachelor's degree, such as Mathematics, Econometrics, Computer Science, or a Bachelor's degree from an institute of higher education, admission may be granted on an individual basis. Those seeking admission to the dual master's programme should realise that admission also depends on obtaining suitable employment. BA has contacts with a number of companies that are interested in participating in this programme.
Please note, that courses in the dual programme are to be followed in the standard course schedule (and hence, during the day): a special schedule for part-time students does not exist. It is usually necessary to visit the university several days per week to follow the programme. For more information, contact the master’s coordinator.
Due to visa restrictions and limits to issue work permits to students from abroad by the Dutch immigration authorities, the dual programme is only open for students living in the Netherlands.

General language proficiency requirements

Vrije Universiteit Amsterdam requires international applicants to take an English test and to submit their score as a part of the application. Exceptions are made for students who have completed their education in Canada, USA, UK, Ireland, New Zealand or Australia or who have obtained an international Baccalaureate or European Baccalaureate diploma.

This school offers programs in:
  • English


Last updated July 12, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2017
Duration
Duration
2 years
Part time
Full time
Price
Price
1,984 EUR
Information
Deadline
Apr. 1, 2017
deadline for international students
Start date Sept. 2017
Place
Netherlands Amsterdam
Application deadline Apr. 1, 2017
deadline for international students
End date Request Info
Duration 2 years
Price 1,984 EUR
for EEA students; €12.000 for Non-EEA