Master in Business Analytics and Big Data & Global Master in Business Analytics and Big Data
IE’s two Masters in Business Analytics and Big Data are innovative degrees designed to train a new generation of data-driven and innovation-oriented professionals with all the necessary skills to pursue a successful career in Business Analytics and Big Data.
Per Harvard Business Review, Data Scientist is the sexiest job of the 21st century. These highly sought-after professionals combine business knowledge, Big Data technologies, and advanced analytical skills to drive decision-making and performance improvements across any organization. Data Scientists discover actionable insights that drive innovation.
According to IBM, around 90% of global data has been created in the past few years alone, so companies are facing the challenge of finding results driven-individuals who know how to use this data to optimize the competitiveness of an organization. McKinsey estimates that there will be a shortage of 140,000-190,000 people with deep analytical talent within five years. The job outlook for Business Analytics professionals is extremely positive for the coming decades.
Companies are looking for dynamic and specialized professionals that come from diverse backgrounds such as business, engineering, technology, economics, mathematics, and applied sciences who are able to identify, collect, analyze, interpret and transform data to drive value and innovation, and to do it in diverse industries like finance, healthcare, consumer goods and high-tech, just to name a few.
Our students’ profiles are among these 3 types:
BUSINESS: You studied and/or are working in business. You want to become an expert in measuring results and using data analytics to drive business.
QUANTITATIVE: You studied and/or are doing quantitative work in engineering, statistics or social research. You want to learn how to measure performance in an organization and become an expert in using analytics to improve performance.
TECHNOLOGY: You studied and/or are working in technology. You want a front office job where technology and data are used to drive core business decisions.
• A Bachelor’s Degree or equivalent
• GMAT, GRE or IE Global Admissions Test
• English language certificate
• Completed application form
IE’s Master in Business Analytics and Big Data program is designed to provide you a meaningful learning experience combining the subjects from the four areas below.
Business Transformation: Understand how companies are adopting advanced technologies to generate new and actionable insights from data to improve performance across all core functions.
Data Science: Get practical knowledge in a wide range of quantitative methods, statistical models, and computing techniques. Learn how to extract knowledge from data and drive key decisions.
Big Data Technologies: Develop in-depth knowledge of the emerging collection of tools and technologies used in Big Data in order to have the ability to deal with large-scale structured and unstructured collections of data, moving them into a Hadoop cluster from different sources and making up MapReduce applications*
*The program covers all of the Hadoop architecture including Hadoop HDFS, Hadoop MapReduce, Hive, HCatalog, HBase, ZooKeeper, Oozie, Pig, Sqoop, and many other related Big Data tools like SPSS, Spark, NLTK and Storm. It also provides the training in SQL, Python and R needed to perform Big Data analytics.
Professional Skills: Develop the behavioral skills required to work effectively on your own, in teams, and within the political and social landscape of an organization.
The Challenges: You will engage in three intensive team challenges that will give you practical, hands-on experience working directly with industry experts. In each challenge, your team will present its results to a panel of experts.
1. IBM Watson Challenge- Your team will be given a real world business situation by IBM, and work to develop a data-driven tool or technology for improving business performance.
2. Datathon- three clients will bring different business issues from three industries: telecommunications, banking, and tourism. Your team will be provided with data sets from two industries, and you will use analytical techniques to find actionable insights in the data.
3. Big Data Startup - Your team integrates the knowledge and skills from the three program modules. You will develop and propose a Big Data application idea and transform it into a possible start-up business.
Date & Fees
The Master in Business Analytics and Big Data (full-time program) starts every October. The tuition fee is 32.200€* for the 2017-2018 academic year.
The Global Master in Business Analytics and Big Data (part-time/blended) starts every January. The tuition is 35.200€* for the 2018-2019 academic year.
Many of our students visit our Financial Aid office for a personal consultation to address their financial needs, and we will be happy to speak on the phone or set up an appointment if you have any questions.
*Tuition prices are reviewed on a yearly basis and therefore subject to change
“IE’s partnerships with key Big Data companies allowed me to get great insights into the real world applications of Data Science.” - Misael Manjarres (USA/Colombia)
“Getting access and being mentored on how to use diverse data sources to come up with useful business applications was a rewarding experience.” - Christopher Duong (France)
“I joined the MBD program to understand the realms of big data application for business strategy and innovation. Key factors for my decision to select IE–business expertise, student diversity, and entrepreneurial spirit–have proven to be key benefits shaping my experience.” - Ashley Brodfuehrer (USA)
“The programme has provided me with the opportunity to interact with professors with extensive analytics industry experience.” - Yasith Fernando (Sri Lanka)
“The Master in Business Analytics and Big Data has definitely helped to prepare me for my current role as a Data Scientist. While the most practical and useful learning I gained were the coding capabilities, I also developed a much more crucial understanding of what kind of skills, languages, and mindsets are required in order to be successful in a data-driven company and how to obtain them.” -Regina Berengolts, Strategic Marketing (Canadian)
“I currently work as a Consultant at Accenture specializing in Advanced Analytics. I believe my experience at IE was pivotal in helping me get to where I am today. The course covered a broad range of topics which helped me understand and focus on how I wanted to position myself for career growth. There were lots of opportunities to network with leading professionals in the industry which not only helped me during my job search but will also continue to be a great asset as I progress.” - Nicky Sarof, Advanced Analytics at Accenture Madrid (Indian)
IE Admissions Department
Calle María de Molina, 11-13-15 28006 Madrid
TEL: +34 91 568 96 10
IE Center Singapore (Office for candidates located in Southeast Asia)
36 Robinson Road, Level 18 City House
TEL: +65 6809 2801