Today’s business world is highly data-driven, and major organizations use data and analytics to formulate their strategic and operational decisions, and for this reason, highly skilled business analysts are in great demand throughout the globe in a variety of sectors, ranging from finance to education, from pharmaceuticals to government. Are you interested in being a part of this dynamic data-driven world by becoming a business analyst, and implementing your analyzing skills? In order to become a successful professional individual, you must know the basics of business analytics, and about the best business analytics courses in Wales which can validate your journey to be one, as smooth sailing.
What is Business Analytics?
Business Analytics is a set of disciplines and technologies that helps in solving business problems using several quantitative methods including data analysis and statistical models amongst them and incorporates a continual and methodical exploration of data present from an organization with a thorough emphasis on statistical analysis to drive decision making to its utmost precedence.
In short, business analytics can be summed up to be the process that transforms data into insights which in turn helps to improve and modify business decisions. Data for data-driven companies are equivalent to business assets, and they actively or rather insistently look for ways to turn it into their advantage in this competitive arena of business.
Now, success with business analytics depends majorly on skilled analysts who understand the technology, the business markets, and trends, and have that urge within them to gain insights from data, to influence and modify business decisions accordingly.
Business analytics specifically refers to taking in, processing, and modifying business data and after that analyzing that data to identify the current market standards, trends, and patterns, if there’s any issue regarding the business, identifying the root causes for it, and sorting it out.
Business Analytics Courses in Wales thoroughly helps in navigating the nooks and crannies of various aspects of the courses from various universities in detail.
Benefits Of Business Analytics:
After getting to understand what business analytics is, it is crucial to understand why it is prospering nowadays, or why its importance is heightening day after day:
Here are a few major advantages of business analytics to help you understand its importance:-
- Make better business decisions:
- Business analysts are made to understand the goals of organizations and use analytics to guide business decisions with solid data-driven facts.
- The influences of previously present data of the company, current market situations and trends, and product performances are used to predict future market standards and design strategies accordingly.
- Monitor progress and performance:
- It can be used to monitor the progress of the organization over years, also it can track and distinguish the performance of a product or strategy in the market.
- Based on these reports of progress and performance monitoring, it can be deduced what is working well for the organization and what isn’t, and with the help of its results, updated decisions and methodologies can be executed to improve the stats.
- Reduce risks:
- One of the most significant advantages of business analytics is its ability to alleviate risks, it helps the organization by not letting them repeat previously made errors by understanding their causes and factors.
- With this knowledge in hand, it is done to predict the prospect of the recurrence of similar risks in the upcoming future and thus equivalent preventive measures can be taken for the same.
- Enhance customer experience:
- Every successful business out there has figured out its key to success which is to make its customers happy, today’s organizations and institutions identify their customer base, understand their needs, behaviors, and values and then cater to them accordingly.
- It has been made possible only due to the presence of an array of statistical tools and models that are used in business analytics.
Career Prospects And Salary:
The role of business analysts is to be responsible for the continual improvement of a company’s processes, products, services, and systems, to identify what’s the most feasible option for their organization both technologically and financially.
Business analysts must possess strong research skills and communication skills so that they can find organizations’ weak spots and make improvements accordingly all the while working with multiple departments like IT and financial reporting teams.
On average, a business analyst’s salary ranges between 3l to 15l p.a. But, like every other industry, as business analysts gather experience, their salary increases rather substantially, business analysts with 10-19 years of experience make INR 10l p.a., and those with more than 20 years experience earn INR 20l p.a.
The job of business analyst has relevance in almost every other field, some of the industrial applications of business analytics are in E-Commerce, Education, Finance and banking, Agriculture, Logistics, Government, and Manufacturing sectors.
Through its array of methods and research procedures, business analytics allows businesses to identify and alleviate risks. Business analytics allows personalization of the products and services, once the data has been thoroughly analyzed which ultimately aids in the acquisition and retention of customers.
One of the most essential assets of any organization is its Data analysis, as it serves as a checker or gatekeeper of the data for the organization. Data analysts work with the data collected through primary and secondary sources, making decision-making processes easier, quicker, and with utmost accuracy.
The payscale for data analysts ranges between 1.9L p.a. To 11.4L p.a. The pay could get higher due to various factors such as experience, upskilling level, locations, and skill sets, amongst others. Experience plays a rather pivotal role here, as with five to nine years of experience, one can earn INR 6L p.a. And those with 10 to 19 years of experience earn INR 9L p.a.
One of the prominent responsibilities of a data analyst is to gather information on particular topics, conduct surveys and collect necessary information for performing the required analysis, which they are to present in a rather easy-to-understand manner.
They use Microsoft Access, SQL, Microsoft Excel, and a few other technologies for this, and other essential skills for this role are Statistical Analysis, Data Management, and Reporting amongst others.
There are certain roles and responsibilities that a data analyst must work through like collecting and analyzing the data, using statistical methods and techniques and generating reports, identifying the patterns or trends in the data, and lastly forming Database management, and Business Analytics Courses in Wales helps an individual to learn as well as master them.
Also, some of the skills that are sought from a data analyst are SQL, Data management and visualization, MATLAB, Data cleaning, Python, R and Linear Algebra, and Calculus.
Any individual’s competency in these skill sets opens more chances for their employability and ensures steady growth in the industry. Job opportunities for business analytics are numerous in India, and data analysis is one of those.
A Human Resources analyst uses computer applications and techniques to analyze human resources data, and then they gather, research, analyze, and use the data to find and share valuable business information with the organization so that the organization can find better candidates, motivate current employees and fix staff issues.
The salary range of an HR analyst ranges between 2.9L to 10.6L p.a.The pay could get higher due to various factors such as experience, upskilling level, locations, and skill sets, amongst others. HR analysts with less than a year’s experience make INR 3.7 L p.a., which gradually with the surging of experience goes up from INR 5.1L to INR 8L p.a.
Some of the roles and responsibilities are trend analysis for employee purposes, statistical analyses, attrition identification, performance identification, and relationship management.
The role of HR has been introduced to a new dimension with the introduction of HR analysis, as the data reflects hiring processes and can bring forth more improvement to hiring techniques, the professionals get included in the strategy making.
HR analysis also brings forth a productive workforce as it increases the employee experience, along with identifying employee upskilling and training aspects.
Every company out there wants to expand their profits most efficiently, and for this, they rely on financial analysts, who study the recent market trends, consider the microeconomic and macroeconomic factors, and use their demographics to help the company to make suitable investments.
Financial analysts should have knowledge about the current wealth of the organization, and how it should be grown even in the midst of adverse times, along with securing the investments of the organization. The average salary of a financial analyst ranges from 2.1 lacks per annum to 10.1 lakhs per annum.
While entry-level financial analysts earn less by 17% than the industry average, with experience, when they become seasoned analysts, they earn 167% more than the industry average.
Some of the roles and responsibilities that a financial analyst has to cater to our analyzing financial data and making predictions, generating reports, Identification of investment opportunities and advice, Profit/ Loss analysis, Financial Planning, Advising on transactions, Portfolio management, and Corporate Development.
Business Analytics Courses in Wales ensure that a financial analyst gets knowledge of the market and how that can profit their organization. Some of the skills that are noteworthy for becoming a financial analyst are Financial skills, Analytical skills, Business valuation, Financial modeling, and MS Excel.
Supply Chain Analyst:
The work profile of Supply chain analysts includes analysis and enhancement of the supply chain of their organization, working with other organization teams to determine how optimal the current supply chain is, and how it can be improved or made more efficient.
The average salary procured by a supply chain analyst is 5.5 lakhs per annum. The average salary range for an employee is 2.6 l p.a. to 12.0 l p.a.Their pay depends heavily on their expertise and skill level. Supply chain analysts who possess Forecasting skills earn 26% more than the industry average.
Other skills that offer above-average pay are Data Analysis (17% more than the average) and Project Management (10% more than the market average). Some of the responsibilities that a supply chain analyst has to carry on are collecting and analyzing the data, operation management, inventory analysis, and analyzing trends.
And, some of the skills that are required from a supply chain analyst are Quantitative analysis and Operations, Inventory, Problem- solving and Decision- making, along with the power of critical analysis.
The priority of marketing analysts is to help businesses gather insights on their products and services from a marketing viewpoint. The marketing programs and industry trends are analyzed using customer profiling, data analysis, and predictive statistics by them.
Marketing analysts help to prepare and present findings to customers, opportunities for new marketing campaigns, and generate sales forecasts which help organizations to get new customers, retain old clientele, and boost revenue.
Some of the roles and responsibilities that can be considered mandatory for a marketing analyst are Analyzing data, Identifying patterns or trends, Drawing actionable insights, and creating a strategy for the company’s efforts.
The skills and responsibilities of a marketing analyst that one should possess are Market research, communications and strategy, MS Excel, Statistical Literacy, and Communication.
A data scientist is required to find important insights from large expanses of data which aids their organization to make quality decisions. Various processes, algorithms, and scientific methods to gather insights from unstructured and structured data are used by them, and they filter the data constantly to make it usable for analysis.
Machine learning algorithms and deep learning, and additional tech skills to perform their duties are used by Data scientists. Data Science is considered one of the high-paying fields in the industry, the average compensation for a data scientist is 10.5 lakhs per annum and the basic compensation ranges between 4.5 L p.a. And 25.2 L p.a.
Pay in this field depends largely on one’s skills and expertise and some skills that offer above-average pay in this profession are SPSS, Artificial Intelligence, Software Development, Microsoft PowerPoint, and Natural Language Processing.
Some of the skills that are mandatory for data scientists are Computing Statistical analysis, Data visualization, Programming, Mathematics, Data Wrangling, Report generation, Communication, and Data analysis.
Top Business Analytics Courses in Wales:
Rank #1. Business Analytics Courses in Wales
1. Swansea University:
From 1920 onwards, Swansea University has presented forth research of topmost stature, though they have worked with businesses throughout a considerable amount of time.
Today’s research consists of this global outreach, through which they anticipate their growth as an institution that offers inspiring instruction all the while enhancing the lives of pupils. And, its Management in Business Analytics Course is one of the best Business Analytics Courses in Wales, UK.
Course Name: Management (Business Analytics), MSc
A complete understanding of how data is used and a total grasp of managing it in the corporate world can be obtained through Swansea University’s MSc Management (Business Analytics). The primary goal of this program is to get the students ready to get into the professional world.
Their program also consists of a mandatory dissertation in it. To provide an individual with a strong foundation in a variety of contemporary business principles. The curriculum includes key management concepts such as managing financial resources, operations management, human resource management, and marketing management in a connected world community.
- Both modes of classes, online and offline are available to the students.
- Facilities and faculty of world-class level are to guide you throughout.
- Continuous career guidance and support.
Msc- 1 year (full time)
Msc- 2 years(part-time)
Eligibility: This course can be conducted by anyone who has no prior management expertise.
- Human Resource Management
- Data Mining
- Business Analytics
- Operations Management
- Managing Financial Resources
MSc (1 year) – £ 11,600 for students residing in the UK, and £ 19,600 for International Students.
MSc (2 years) – £ 5,500 ( 1 year) for the students residing in the UK, and £ 10,300 ( 1 year) for International students.
Rank 2. Business Analytics Courses in Wales
2. Cardiff University:
Cardiff University is one of the United Kingdom’s leading research universities which was founded in 1883. They teach individuals various in-demand techniques for handling the professional arena and gain practical experience by working with datasets and challenges from the real world.
Cardiff University brings forth not only one of the best Business Analytics courses in Wales but also in the World.
Course Name: MSc in Data Science and Analytics
- Expertise faculty for the different disciplines are available
- Project-based learning is incorporated with the usage of real-world information and issues.
- A laptop will be provided to every student during the tenure of the course.
- Professional work placements and projects with top data science practitioners in the UK and overseas are provided which helps in adding up job experiences.
Course Duration: 1 Year (Full Time)
- Honors degree in subjects like Mathematics, Science, or Engineering
- Or a university-recognized qualification
- IELTS with an overall score of 6.5
- A reference either in an academic field or professional arena is needed along with the application form to be duly signed by the respective authority.
Course Structure: It is a program that is covered over a period of a year and is divided into two segments.
- Applied Machine Learning
- Computational Data Science
- Foundations of Operational Research and Analytics
- Foundations of Statistics and Data Science
Course Fee: £10,950
The course fee required for the admission of international students is £28,000, taking a deposit of £ 2000.
Phone: +44 (0)29 2087 4000
Rank #3. Business Analytics Courses in Wales
3. The University of South Wales:
One of the most aspirational and awe-inspiring universities in Britain is the University of South Wales (USW) presenting forth the top Business Analytics Courses in Wales. In order to meet the needs of individuals, and produce the best results for the students and organizations, USW places engagement, cooperation, and partnership at the center of what they are doing.
Course Name: MSc Data Science
Practical classes and regular workshops are conducted on a regular basis in order to make the students gather real-time experience.
Full-time- 1 year
Part-time- 2 years
Graduates belonging to any stream with a minimum 2nd class honors degree
- Full-time UK: £9250
- Full-time International: £14700
The course consists of 6 core modules which can further be divided into 2 groups
Group One: MSc Data Science
- Applied statistics for data science
- Data mining and statistical forecasting
- Project management and research methodology
Group Two: MSc Data Science
- Principles of Computing
- Applied Machine Learning and Deep Learning
- Big data engineering and applications
Course material is regularly reviewed by experts so that changes can be made in accordance with the current standards and work requirements.
UK Students: 03455 76 77 78
International & EU Students: 01443 654450
International & EU Students:
email@example.com for undergraduate course inquiries
firstname.lastname@example.org for postgraduate course inquiries
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Rank #4. Business Analytics Courses in Wales
4. Bangor University:
Bangor University brings forth interested individuals, one of the top Business Analytics Courses in Wales. Nowadays, the field of data analytics is in high demand, and the requirement for qualified data analytics graduates is expected to grow significantly in the coming years.
Course Name: MSc in Business and Data Analytics
Course mode: Full-time and Part-time
Full-time – 1-year
Part-time – 2 years
The following modules are covered
- Coding or programming
- Data Science
- Research Methodology
- Statistical analysis
- Financial technology
- Predictive Analysis
Other than these topics, there are optional modules too for a few other arenas. Check out their web page for complete details about course fees for home and international students.
Phone: 01248 351151
Rank #5. Business Analytics Courses in Wales
5. The University of Manchester:
The Best Business Analytics Courses in Wales have to be offered by The University of Manchester, considering the fact that this course of MSc in Business Analytics has ranked 2nd in the United Kingdom itself, and 10th in the entire world in the year 2022.
Course Name: Master of Science (MSc)- Business Analytics
Course Duration: 1 year, Full-time
AN Honors degree with either 1st class, or 2nd class in disciplines such as mathematics, statistics, physics, engineering, computing, management science, or economics, which are related to quantitative aptitude, from a university of the UK or the international equivalent of the former.
UK students (per annum): £15,500
International, including EU, students (per annum): £31,000
Course materials consist of
- Fundamental theories and approaches
- Analytical toolkit of data analytics
- Decision science
- Operational research and statistics
- Risk, Performance, and Decision Analysis
- Mathematical Programming and Optimisation
- Data Analytics for Business Decision Making
- Applied Statistics and Business Forecasting
- Global Operations Management
- Strategic Supply Chain Management
- Strategic Project Organising
- Knowledge Management and Digital Strategy
- Decision Behaviour, Analysis, and Support
- Supply Chain Logistics Management
+44 (0) 161 275 6303
Rank #6. Business Analytics Courses in Wales
6. The University of Essex:
It is the focus on innovation through thinking differently, rather than out of the box and encouraging students to do so, that the University of Essex has made its position among the best Business Analytics Courses in Wales, and that is how they have achieved excellence in education.
Course Name: Business Analytics
Course Duration: 1 year
The degree of graduation or its equivalent in subjects like Science, Computer Science, Engineering, Economics, Accounting, and Statistics amongst others. Overall IELTS score of 6.5 with a minimum component score of 5.5.
- Statistics And Forecasting
- Data Mining, Visual And Analytical Techniques
- Global Supply Networks
- Economic Theory
- Business Management
Their optional modules present an opportunity in front of us to specialize in different complementary business, management, and marketing subjects as well.
Home students: £13,650
International Students: £21,350
Phone: +44 (0) 1206 873333
General – email@example.com
Undergraduate – firstname.lastname@example.org
Postgraduate – email@example.com
Frequently Asked Questions:
Are Business Analytics Courses Good?
Yes! Business Analytics Courses, especially Business Courses In Wales, are an excellent option for any individual, no matter which department or industry they work in. Whether one is a fresher or a working professional who’s already employed and now wishes to take their career to the next level, Business Analytics can definitely take their career to newer heights.
Who is Eligible For Business Analytics Courses?
The person must be a graduate (10+2+3) or a diploma holder (10+2+3) from a recognized university (State Government / AIU / AICTE / DEC / UGC / recognized international universities) in any field with at least one year of professional experience after graduation or diploma, with adequate knowledge of writing SQL Queries, programming languages and must possess good communication and negotiation skills.
What Should I Opt For, Business Analyst Or Data Analyst?
While data is used by data analysts and business analysts, the basic difference lies in the fact of what they do with it. Strategic business decisions are constituted with the help of data whereas data analysts gather and manipulate data in order to identify useful information from it, and ultimately transform their findings into digestible insights which will help. Whatever one should opt for, both the responsibilities and related knowledge regarding Business Analyst and Data Analyst are taught at Business Analytics Courses In Wales.
How many ones Can Earn After Completing Business Analytics Courses?
After completing Business Analytics Courses in Wales, an entry-level business analyst earns in between ₹3.5 to ₹4 L p.a. And after gathering some experience of about 5-10 years, a business analyst can earn up to ₹9 L p.a. Once a professional has gathered an experience of more than 10 years in this field, then their ctc may increase to over ₹1,5 L p.a.
Getting a hold of a career in the field of business analytics seems to be an excellent choice for those aspirants who wish to gain prominence in the ever-growing worlds of Business and Data Science. While it may seem challenging at first to enter the field, all an individual needs is the right qualification and necessary skill set required to flourish in Business analytics. It will also seem of help if one wants to pursue a career in management as it focuses on gathering insights from an individual which enhances decision-making power. Possessing this skill will make the job of a business leader easier.