BI Norwegian Business Analytics

Table of Content

Introduction to BI Norwegian Business Analytics

In today’s rapidly evolving business landscape, the role of Business Analytics has become paramount in enabling organizations to navigate the complexities of the market and make informed decisions. The Business Analytics degree program at BI Norwegian School of Business equips students with the essential tools to thrive in this data-driven era.

As Big Data continues to reshape industries, the demand for professionals who can bridge the gap between business acumen and analytical expertise is universal. Whether you aspire to excel in marketing, accounting, sales, logistics, HR, or operations, a strong foundation in business analytics is the key to success.

120

Course Credits

2

Semesters

$23K

Avg. Cost of Study

12-24

Months Duration 

$42K

Avg. Salary

Why Study BI Norwegian Business Analytics?

35

QS Top MSBA

Pursuing a Business Analytics degree at BI Norwegian offers a unique opportunity to master the art of turning data into actionable insights for greater business value. The program encompasses a comprehensive curriculum that covers descriptive, predictive, and prescriptive analysis techniques, empowering you to support and drive critical business decisions.

What sets this program apart is its emphasis on practical experience and collaboration with international industry partners. Through hands-on team projects, you’ll not only enhance your analytical skills but also develop strong communication and teamwork abilities, which are highly valued in today’s business environment.

Moreover, the program’s partnership with SAS Institute, the world’s largest business analytics company, offers students a distinctive advantage. The chance to complete an internship at SAS Institute and earn free certification in their widely-used software provides a competitive edge in the job market.

This program not only prepares you to excel in business analytics but also ensures you stand out to prospective employers seeking individuals who can effectively bridge the gap between analytics and business strategy. Additionally, the flexibility to complete the second year of the program in your home country or anywhere in the world allows you to tailor your education to your unique needs and aspirations. 

BI Norwegian Business Analytics Program Costs + Living Expenses

$11,500

Avg. Cost of Tuition/Year

+ 

$12,108

Avg. Living Cost/Year

~47k

Avg. Cost of Study

The Business Analytics program at BI Norwegian Business School offers an excellent educational opportunity for students interested in the field of data analytics and business decision-making. To help you plan your finances effectively, let’s break down the costs associated with this program:

1. Tuition Fees: The program’s tuition fee is approximately $11,500 per year. It’s worth noting that tuition fees may vary slightly from year to year, so it’s essential to check the most up-to-date information on the BI Norwegian Business School website or directly with their admissions office.

2. Living Costs: On average, the living costs for a student in Norway are estimated at around $12,108 per year. This includes expenses like accommodation, food, transportation, books, and personal expenses. However, living costs can vary depending on the city in which you choose to live. For instance, living in Oslo, the capital city, might be more expensive than living in smaller cities or towns.

3. Accommodation: Accommodation expenses can be a significant portion of your living costs. Norway offers various housing options, including student dormitories, shared apartments, and private rentals. The cost of accommodation will depend on your preferences and location, with cities generally having higher rents than rural areas.

4. Food: The cost of food can vary based on your eating habits and whether you prefer to cook at home or dine out. Norway has a high cost of living, so it’s advisable to budget carefully for groceries and meals.

5. Transportation: Public transportation is efficient in Norway, but it can also be costly. The expense will depend on your location and how often you use public transport. Many students opt for bicycles as a cost-effective and eco-friendly means of getting around.

6. Books and Study Materials: Budget for textbooks, study materials, and any additional course-related expenses. BI Norwegian Business School may have resources or libraries that can help reduce these costs.

7. Personal Expenses: Don’t forget to budget for personal expenses, which can include leisure activities, entertainment, and unforeseen costs.

It’s important to plan your budget carefully and consider all potential expenses when preparing for your Business Analytics program at BI Norwegian Business School. Additionally, you may explore scholarship opportunities and part-time work options to help offset some of the costs. Lastly, keep in mind that Norway is known for its quality education and high living standards, making it a valuable destination for your academic journey.

BI Norwegian Business Analytics-Employment Prospects

87.7%

Employed within 3 months of graduation

42,850

Avg. Salary

    Most Sought-after Jobs

Portfolio Analyst

Campaign Analyst

Financial Analyst

Marketing Operations Analyst

HR/People Analyst

Product Analyst

Web Analyst

The employment prospects for graduates of the Business Analytics program at BI Norwegian Business School are highly promising, as evidenced by recent statistics and trends in the job market. According to a labour market survey, in January, just three months after submitting their Master’s thesis, 87.7% of all Masters students from BI Norwegian were already employed. 

This figure marks a significant increase compared to 2016 when 84.7% of students found employment within the same timeframe. In fact, this employment rate is the highest it has been since 2012. Specifically, for those with a Master of Science in Business, an even higher percentage of 91.1% secured employment within three months, showcasing the strong demand for graduates of this program. This rate is also the highest recorded for these particular master’s students since 2014.

Notably, it’s not just about finding employment quickly; the salaries for Masters students, including those with a Master of Science in Business, have been increasing at a rate higher than the average in Norway. On average, these graduates earned a salary of kr. 470,000, representing a substantial salary increase of 5.1% from 2016. This demonstrates that BI Norwegian Business School’s programs, including Business Analytics, provide students with a strong competitive edge in the job market, translating into higher earning potential.

The labour market survey further highlights the diverse range of sectors where BI graduates are making their mark. The most popular fields include auditing and consulting, followed closely by banking, finance, and insurance. Notably, banking, finance, and insurance, as well as IT, tech, and telecommunications, have experienced significant growth in demand for BI graduates, with increases of 7.6% and 4.6% respectively compared to the previous year. This reflects the dynamic nature of the job market and the adaptability of BI graduates to meet the evolving needs of the business community.

In summary, the employment prospects for graduates of BI Norwegian Business School’s Business Analytics program are exceptionally promising. The combination of high and rapidly increasing employment rates, along with competitive salaries, underscores the program’s relevance and the strong demand for its graduates in various sectors, especially in fields undergoing significant transformation and change.

Eligibility Criteria for BI Norwegian Business Analytics

1. DEGREE REQUIREMENTS-

a) A successfully completed Bachelor’s degree (180 ECTS credits) in the field of business administration, finance, or economics

Or

b) A successfully completed Bachelor’s degree with a specialisation (minimum 80 ECTS credits) in one of the following, provided that the combination of courses gives a good foundation for further studies within Business Analytics:

  • Engineering 
  • Mathematics or Calculus
  • Statistics or Econometrics
  • Computing and/or Programming
  • Logistics
  • Quantitative Marketing
  • Business Intelligence
  • Quantitative Accounting
  • Actuarial Science


*The Bachelor’s degree should include the following courses:

  • Quantitative subjects (e.g. Statistics, Mathematics, Research methods, Econometrics, or similar).

Documents required : BI Norwegian Business Analytics

  • Online Application: Students must submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although BI Norwegian prefers at least two. Recommendations must be submitted online. 
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students must submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

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Scholarships Available :BI Norwegian Business Analytics

For Master of Science applicants, BI Norwegian Business School offers a range of scholarships to support and recognize exceptional talent.

The BI Presidential Scholarship is a prestigious award that assists outstanding students in pursuing their Master of Science degree.

The Master of Science International Scholarship is another notable opportunity for international applicants, showcasing BI’s commitment to fostering a diverse and globally-oriented academic community.

The A. Wilhelmsen Foundation Scholarship is a testament to the school’s dedication to academic excellence and financial assistance.

Furthermore, the Master of Science International Scholarship in Bergen extends this support to students specifically interested in studying in Bergen.

For those pursuing the BI-Luiss Joint Masters in Marketing program, a dedicated scholarship is available to encourage specialization in this field.

Lastly, the Women in Finance and Tech Master Scholarship underscores BI Norwegian Business School’s commitment to diversity and equality, empowering women to excel in the fields of finance and technology.

These scholarships collectively reflect BI’s dedication to fostering talent and promoting educational opportunities for students from various backgrounds and interests.

Specializations & Electives Offered

Year 1-

Applying Economic Analysis 
Business Simulation Analysis 
Marketing Analytics 
Quantitative Risk and Asset Management 
Supply Chain Analytics 


Year 2-

Consultancy Project for Business Analytics 
Internship for Business Analytics 
Research Project for Business Analytics 

FAQs About BI Norwegian Business Analytics

As a Master of Science in Business Analytics student, you will have the opportunity to complete an internship at SAS Institute. You can also get free certification in their widely used software. SAS Institute is the world’s largest business analytics company with customers in 147 countries. The American-owned enterprise has more than 40 years of experience within the field and over 95% of fortune 500 companies use their software.

The academic year at BI is divided into two semester, one in the autumn and one in spring. There are exams at the end of each semester.

The  internship programme is a credit-bearing course that gives you the opportunity to test subjects and industries based on your interests, competency, and personal qualities. An internship is valuable as a means of allowing you to experience how your field of study is applied in the business world and provides you with work experience that can be highly attractive to potential employers.

As a master student at BI, you have several exciting opportunities that will contribute to a varied and interesting student life, at the same time as you build relevant competence and gain an advantage in the job market by tailoring your degree.

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