The Business Analytics track in the Professional Master of Science in Management (PMSM/BA) provides students with the specialized skills necessary to respond to challenges of the new data-intensive business world of today.
This program is a professional program with a market rate tuition and is considered a part-time program. The tuition is the same for Florida residents and non-residents. Please visit http://business.ucf.edu/degree/professional-ms-management-business-analytics-track/ for more information about the curriculum and specific course sequence.
The 30 credit hour, ten-course curriculum introduces students to the main quantitative methods and software tools of business analytics, a subfield of data science; namely, those used in numerical, optimization, simulation, and statistical methods. Designed for those interested in using quantitative methods to uncover economic relationships, to construct predictive models, and to communicate business intelligence, the curriculum provides students with the knowledge necessary in making informed business decisions. Specifically, students will learn how to acquire, organize, manage, and analyze data. In addition to gaining experience with software tools commonly used in industry (such as Python and R), students will also be instructed in using commercial software (such as SAS) to train, validate, and test empirical models. Through a combination of case studies, hands-on lectures, and group projects, students will gain valuable experience in using quantitative methods to solve business problems. The program culminates in an applied field project that uses these methods and tools to solve a non-trivial business problem.
View course sequence and descriptions.
- A 20-month program offered Downtown Orlando
- Limited class size, cohort program
- Classes meet Monday and Wednesday evenings for odd year program starts; classes meet Tuesday and Thursday evenings for even year program starts.
- No work experience requirement
- Personal interview required for admission
The PMSM/Business Analytics classes are held at UCF’s Executive Development Center located in Downtown Orlando. PMSM/BA students will find a high level of personal attention from program administrators from the moment they apply. Ideal candidates for this degree are students with an understanding of statistics and quantitative methods but come from a variety of degree fields such as business, economics, finance, statistics, information systems and engineering.
Prerequisites: A minimum of college-level economics and statistics courses required. All foundation course requirements will be determined once the application is reviewed. Needed foundation courses must be completed during the summer prior to the program start.
This program is a professional program with a market rate tuition and is considered a part-time program. The tuition is the same for Florida residents and non-residents. Please visit www.business.ucf.edu/graduate-programs for more information.
The Business Analytics track in the Professional Master of Science in Management (PMSM/BA) provides students with the specialized skills necessary to respond to challenges of the new data-intensive, decision-making business world of today. Students become business analysts skilled in the collection, management, analysis, interpretation and application of data to aid in more informed and successful business decisions. Skills learned in this degree are applicable across industries and organizations whether they be large or small, for-profit or nonprofit.
Total Credit Hours Required: 30 Credit Hours Minimum beyond the Bachelor’s Degree
Required Courses: 15 Credit Hours
Students take five courses from the courses listed below.
Business Analytics Specialization: 15 Credit Hours
The Professional MSM Business Analytics Track is a 10-course program. The courses are pre-selected and set in a lock-step sequence.
- GEB 6895 - Business Intelligence 3 Credit Hours Study of the sources, acquisition, warehousing, analysis, and application of data pertaining to business decision-making in the firm.
- MAN 6325 - Applied Research Tools 3 Credit Hours Development of applied qualitative and quantitative research skills for collecting, analyzing and reporting data to organizations.
- STA 6714 - Data Preparation 3 Credit Hours Data exploration, variable selections, variable clustering, missing value imputation, high dimensional categorical variable smoothing/clustering, text data preparation and time series data preparation. Additional data preparation topics associate with data mining and big data techniques will also covered. The SAS Enterprise Miner (R or Python) will be used.
- STA 5703 - Data Mining Methodology I 3 Credit Hours Supervised data mining tools such as decision trees, random forest, support vector machine, regression including Ridge, Lasso, Elastic Net and Least Angle, and neural network fundamental will be covered. The SAS Enterprise Miner (R or Python) will be used.
- STA 6704 - Data Mining Methodology II 3 Credit Hours Unsupervised learning methods such as cluster analysis, link analysis and association analysis will be covered. In addition, newly developed mining tools such as text mining, network analysis, advance neural network and time series clustering will also be covered. The SAS Enterprise Miner (R or Python) will be used.
- MAR 6646 - Marketing Analytics for Strategic Decision Making 3 Credit Hours Study of a variety of data-driven models and techniques used to understand customers, improve results, and facilitate strategic decision making.
The Master of Science in Management/Business Analytics (PMSM/BA) capstone course, MAN 6915 - Applied Field Project , is required for all PMSM/BA students. This capstone course applies concepts, theories and methods learned earlier in the program to organizational problems in business settings.
Additional Program Requirements
Any student enrolled in a College of Business Administration master’s degree program who earns more than two final course grades below a B- will be dismissed from the program and retention plans will not be supported by the College of Business Administration.
For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Admissions section of the Graduate Catalog. Applicants must apply online. All requested materials must be submitted by the established deadline.
In addition to the general UCF graduate application requirements , applicants to this program must provide:
- One official transcript (in a sealed envelope) from each college/university attended.
- The GMAT is not required, however, the Admissions Committee may ask for the GMAT to strengthen a candidate’s application packet.
- Three letters of recommendation or three e-mail addresses of recommenders.
- Prepare a goal statement that answers the following questions:
- Describe what motivated you either professionally or personally to pursue a master’s degree.
- Describe the steps you took to select UCF and this program. Include how long you have been considering graduate school and how you learned about this program.
- Describe a specific academic experience or professional business skill you hope to acquire through the program and how you plan to use it going forward.
- Interview. The student will be contacted to schedule an interview after the application is complete.
- A computer-based score of 233 (or 91 internet-based score) on the Test of English as a Foreign language (TOEFL) is required if an applicant is from a country where English is not the official language, or if an applicant’s degree is not from an accredited U.S. institution, or if an applicant did not earn a degree in a country where English is the only official language or a university where English is the only official language of instruction. Although we prefer the TOEFL, we will accept IELTS scores of 7.0.
- Applicants applying to this program whose completed bachelor’s degree is from a college/university outside the United States must provide a course-by-course credential evaluation with GPA calculation. Credential evaluations are accepted from World Education Services (WES) or Josef Silny and Associates, Inc. only.
Early application tuition discounts are available for this program. To view early application discount deadlines, and for more information, visit the Executive Development Center website at www.business.ucf.edu/graduate-programs.
The MS in Management/Business Analytics program is taught at the UCF Executive Development Center in downtown Orlando each fall term. A required econometrics foundation class will begin in July, regular classes will begin in August.
|International Transfer Applicants
|*Applicants who plan to enroll full time in a degree program and who wish to be considered for university fellowships or assistantships should apply by the Fall Priority date.
Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.
Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student’s graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.