Business Analytics – MSc Program Overview & Curriculum | Ivey MSc

You will develop the skills and capabilities needed to take today’s growing wealth of real-world data and translate it into actionable insights for business decision-making.

Insights that will generate new opportunities for growth and ready businesses for shifts in market dynamics. Build on your undergraduate degree experience and set yourself apart with Ivey’s direct-entry MSc in Business Analytics.

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Program Curriculum

SEPTEMBER to DECEMBER

Ivey Essentials and Core Courses

Core Courses

• Art of Modelling: The objective of the Art of Modelling course is to train our students to approach business decisions in a logical, quantitative and systematic way. The course is concerned with processing and visualization of data, conception and development of statistical and mathematical models, evaluation of outcome and decision uncertainty, interpretation of analysis, and business insights guided by data analysis by managers in the process of creating value. The case settings, rather than replicating traditional exercises, are opportunities for students to select from an unstructured environment the appropriate analytics techniques and to organize the data, develop models, and interpret model output so as to either make better decisions, or respond more intelligently to the decisions of others. In summary, the course objective is to provide the student with the capability to use data and mathematical models to inform managerial decisions.
• Business Statistics: This course provides students with fundamental statistical tools in order to properly analyze information and data and to develop an analytical approach for understanding and solving complex business problems.

Ivey Essentials

This course focuses on business essentials: Accounting, Finance, Leadership, Marketing, Operations and Strategy. Students will be introduced to Ivey’s high engagement case-based learning methodology. The course is designed to aid students in understanding materials for their courses throughout the program.

Some of the key learning outcomes include:

• Accounting: recording and using of financial business transactions to inform and support decision-making.
• Business Communications: develop an understanding about targeting your message and flexing your style to your audience.
• Finance: analyzing of financial problems corporations face including managing exchange risk, calculating the cost of capital, capital budgeting and taxation.
• Leadership / Organizational Behavior: managing and participating effectively in teams by understanding the factors that lead to effective and ineffective team behavior.
• Marketing: identifying and capitalizing on market opportunities.
• Operations: identifying and understanding how effectively managing operations contributes to customer value.
• Strategy: key concepts and tools in the context of competitive strategy; differences between corporate, competitive, and functional strategies.

MAY to AUGUST

Ivey Analytics Lab

Ivey Analytics Lab

Exclusively offered to MSc in Business Analytics students during the third term of the program, the Ivey Analytics Lab (IAL) is a paid 10-16 week work integrated learning experience. Throughout this mandatory full-time experience, student hone their skills through either an analytics driven research project or through a work placement within a IAL partner firm in an analytically driven role.

Students will actively contribute to both, quantitatively and qualitatively, solution development and implementation. Ivey strives to support each student in securing an experience that meets the needs of his or her career goals and established learning outcomes of the course. Depending on business needs and changing market trends, IAL business partners are subject to change.

The IAL is designed to give students industry knowledge, marketable skills, interpersonal and collaborative abilities and build industry networks to launch their careers and excel in the field of advanced analytics.

IAL Placement Assignment: Specific placements will be determined by the MSc Faculty, MSc Program Services Office and will be based on the input of participating companies. Projects and companies are subject to change each year. While students may indicate preferences for a certain company and project, students are not guaranteed their preferences as this depends on the business needs and individual assessment of Ivey’s IAL partners.

Current IAL Partner Organizations

Listen to the IAL podcast

SEPTEMBER to DECEMBER

Core Course & Elective Courses

Core Course

• Prescriptive Analytics and Optimization: This course covers formulations, applications and theory of optimization. The students will learn how to model decision problems using linear, integer and nonlinear programming techniques, how to implement these models using modern software, and finally how to interpret the results and gain business and managerial insights.

Choose three electives from the list above.

SEPTEMBER to APRIL

Optional

NHH Dual Degree

The MSc-NHH allows you to split your time studying at Ivey and at the Norwegian School of Economics (NHH) in Bergen, Norway. At the end of the MSc-NHH experience, you graduate with an MSc in Business Analytics from Ivey, and a second masters degree from NHH, MS in Economics and Business Administration, major in Business Analytics (BAN).

The NHH portion of your MSc experience includes a mandatory research-based thesis. The MSc-NHH stream is an excellent option for students who do wish to gain valuable international experience while studying and living abroad. In this option, you will spend Terms 4 plus an additional term 5 studying at NHH. Visit the NHH website here.

NHH Application: Students apply to the Ivey & NHH Dual degree during their first term in the Ivey MSc program in Business Analytics. Enrolment in the dual degree is contingent on acceptance by NHH and Ivey MSc Program Services.

Enrollment in the dual degree is a competitive process and contingent on acceptance by NHH and Ivey MSc Program Services.