Melbourne to Tap into Big Data Demand and Other MBA News Snippets | TopMBA.com

Melbourne to Tap into Big Data Demand and Other MBA News Snippets

By Tim Dhoul

Updated October 10, 2014 Updated October 10, 2014

Business analytics at Melbourne Business School

Melbourne Business School hopes to cater to employer demand for business-savvy big data specialists with the launch of new specialized master’s program in business analytics.

The skills gap in big data at management level has already been the inspiration behind an IBM initiative and the question of how business analytics can provide value to firms continues to provoke discussion across the world.

In launching the Master of Business Analytics (MBusA) degree, Melbourne Business School’s dean, Zeger Degraeve, cited an AT Kearney study that estimates the creation of 1600 business analytics jobs over the next two years in Australia alone.

“Big data and advanced analytic systems have brought game-changing shifts to the way information is acquired, analyzed, stored and used. Businesses have told us that they are keen to make use of the competitive advantages that large volumes of complex data can offer,” Degraeve said in a press release for Melbourne Business School.

The full-time one-year MBA program will aim to boost the careers of those with quantitative backgrounds in fields such as engineering, finance and statistics when it gets underway in January 2015.

Teaching will draw from computer science and information systems faculty at the University of Melbourne as well as from Melbourne Business School and, for an insight into the practical applications of business analytics, the program will include a five-week experiential project.

Mobile app for entrepreneurs

A mobile app for would-be entrepreneurs has been released by EMLYON Business School, which aims to inject a bit of fun into the process of learning about entrepreneurship.

Players participate in meetings with five types of entrepreneurs (each inspired by real-life entrepreneurs) and, from their answers, are given an indication of their own entrepreneurial profile.

"The ability to recognize your own entrepreneurship skills is critical to a project's success,” said Michel Coster, entrepreneurship professor at EMLYON Business School and head of the school’s startup incubator, who developed the app with fellow EMLYON Business School faculty member, Marie-Josée Bernard.

Loan program for MBA in the US targets international students

15 business schools in the US, including NYU Stern, MIT Sloan and Dartmouth Tuck, have signed up to a loan pilot program drawn up by Prodigy Finance.

The loans are exclusively for international students studying an MBA in the US and are restricted to covering tuition costs.

The program’s launch, meanwhile, is a reflection of the difficulties international students can sometimes face when looking for ways to fund an MBA in the US, as banks are much less likely to lend to international students.

This article was originally published in October 2014 .

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