NORWEGIAN SCHOOL OF ECONOMICS (NHH)

Business Analytics

Availability of large amounts of data creates new possibilities and challenges for businesses, and the ability to make good decisions based on big data is a critical factor for survival in the modern economy. Therefore, business analytics skills are in high demand in the modern job market.

In this major you will learn programming and data management, how to use statistical tools in order to explore and deduct patterns from data, how to use optimization and simulation tools to support better decision making in practical situations, and how to employ tools like machine learning and artificial intelligence for automated decision support. You will have the opportunity to learn how to apply analytical tools to practical decision making situations in operations management, marketing and pricing, finance, accounting, and auditing, and you will also develop your communicative and collaborative skills by participating in team projects and by presenting your findings.

The major broadly covers the following areas:

  • Programming skills for data handling and problem solving in business.
  • Data analysis. Statistical learning and predictive analytics for learning and extrapolating from data.
  • Business modelling and prescriptive analytics. Using optimisation models and simulations for decision support, analysis and improving business processes.

Upon successful completion of the major, the candidates shall

KNOWLEDGE

  • Have a solid knowledge about relevant methods from statistics and operations research
  • Have in-depth and up-to-date knowledge on how to use data to support decision making in business
  • Understand business analytics articles published in international scientific journals and formulate relevant research questions

SKILLS

  • Build and solve decision models for real-world business problems
  • Bring together decision modelling and data analysis for practical business applications
  • Be proficient in computer programming in order to write code for business analytics problems and to communicate well with software developers

GENERAL COMPETENCE

  • Solve business analytics problems in teams with people from different backgrounds
  • Reflect on the ethical challenges specific to business analytics
  • Contribute innovative solutions for business analytics problems and communicate them to executives and other stakeholders

This major is suitable for those seeking jobs as analysts, either in companies or as consultants, and in general to all those seeking to complement their business background with analytical skills to succeed in the modern data-driven environment. A thorough understanding of business analytics will also enable you to communicate with technological experts and be useful for digital strategy managers.

Application deadline
Formal prerequisites
  1. Bachelor’s degree: Admission to master’s degree studies in Norway requires Higher Education Entrance Qualification and a completed degree comparable to a Norwegian bachelor's degree. Please refer to NOKUT (The Norwegian Agency for Quality Assurance in Education) for information about the minimum educational requirements for your country.90 ECTS must be within economics and business administration. This may include methodological subjects like statistics or mathematics, but not exclusively. 30 ECTS must be within business administration (e.g. finance, accounting, strategy, marketing, statistics, mathematics, etc.). Economics courses such as micro- or macroeconomics may not count toward the business administration requirement. This requirement is absolute and cannot be compensated by work experience, test results or other criteria.Applicants are ranked according to their grade average. Your GPA should correspond approximately to a B on the ECTS grading scale.
  2. GMAT or GRE: Applications not including a GMAT/GRE test by March 15 will under no circumstances be considered, unless you belong to one of the few groups exempted (see Exemptions from the GMAT-/GRE requirement below).Minimum test scores required: GMAT: a total score of 600 points.GRE: 152 points on the quantitative reasoning section. NB! There are some exemptions from this requirement. More information can be found on NHH'swebsite.
  3. English language requirement: TOEFL – Minimum total score: 90 points on the internet based test, 575 points on the written test or 233 on the computer-based test. IELTS - Minimum overall band score: 6,5. PTE Academic - Minimum score of62. TOEIC -There is no minimum score requirement for the TOEIC; the test result will be subject to an individual assessment.NB! There are some exemptions from this requirement. More information can be found on NHH's website.
  4. Curriculum vitae (résumé):You must submit a copy of your curriculum vitae/résumé. The CV/résumé should contain information about previous studies, work experience, extracurricular activities, languages spoken and other experiences you wish to bring to the attention of the admission committee.
  5. Documentation of financial ability: All citizens outside the EU/EEA-area and Switzerland must document financial ability.More information can be found on NHH's website.
  6. Documentation of identity:In order to confirm your identity, you must upload 1) a copy of your passport/ID card and 2)a copy of your diploma/transcript from secondary school (in the original language).
Tuition 0
Degree level Master, 2 years
City Bergen
Credits 120.0
Language of teaching English
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