Master of Analytics
Student type:
Quick facts
-
Entry score
Not applicable
-
Duration
Full-time 2 years, Part-time 4 years -
Location
Melbourne City -
Fees
AU$28,800 (2022 annual)
Next intake
February, JulyEntry score
IELTS 6.5
Duration
Full-time 2 yearsLocation
Melbourne City
Overview
Your career as a data analyst
With data-driven decisions now a fundamental part of business operations, this program provides you with the platform to be a business-ready problem solver.
What you will study
Study with depth and flexibility. The Master of Analytics prepares you for statistical analysis in the business world. With a diverse range of electives there is a focus on work-integrated learning.
Analytics is the science and art of analysing data to make better informed decisions. It builds on the tradition of statistics and operations research, bringing together tools and expertise from computer science, engineering and business.
This blend of disciplines makes analytics unique in its capacity to solve critical real world problems. You will learn how to use data to make informed decisions that make significant contributions to the success of organisations, which provides a rewarding and valued career path.
This degree allows you to choose from a diverse range of electives combined with a strong core of statistics and operations research.
Details
With seven core subjects and nine electives, the curriculum for the Master of Analytics includes a high degree of flexibility. You can specialise in computer science, economics, finance, logistics or marketing or gain a broader understanding of all fields.
Problem-based and work-integrated learning are a major focus, and exposure to industry projects provide you with hands-on experience to develop your analytic capabilities. You also will have the opportunity to apply for placements or internships, and have them count towards the program in the second year.
State-of-the-art statistical software used in the program will provide you with hands-on-experience required for analytical practice.
Options for shortened program duration
Based on your previous studies you may be eligible for exemptions which could shorten your study duration.
Options for graduate diploma
After completing 96 credit points of study approved by the program manager, you may exit with a Graduate Diploma in Analytics.
The Master of Analytics is delivered through a mixture of lectures, practicals, online materials, computer lab sessions, individual and group projects.
Classes are usually held once a week in the evenings. There are also opportunities for you to work as part of a team on projects and in consulting activities.
You will learn the fundamentals of statistics and computer programming and all the important tools including R, SQL, SAS Enterprise Guide, SAS Enterprise Miner, Python, Java, CPLEX, Gurobi and Arena, as identified by our industry partners.
Importance is placed on work-integrated learning and all analytics students have a project experience with our industry partners, working on real data.
Students who secure approved placements and internships in industry can have them counted towards the degree.
This degree focuses on providing you with analytics experience and work-integrated learning (WIL).
Recent international student placements/projects include:
- Bosch Corporation, Japan
- Continental, Germany
- Siemens, Germany
- Novartis Switzerland
All analytics students have a capstone experience with our industry partners, working on real data.
You'll do industry projects and develop your analytical capabilities by solving problems hands-on.
Students will also have the opportunity to apply for industry internships and placements advertised through their study.
The Master of Analytics is linked to industry through the Industry Advisory Committee (IAC) and through various consulting and research projects undertaken by staff.
Members of the PAC provide valuable input and are a major driver for change in the curriculum, particularly with regard to industry trends and future graduate capabilities, the use of state-of-the-art software, the introduction of specialisations and support for the use of WIL.
Choose a program structure
| Title | Location | Duration | Plan code | CRICOS | ||
|---|---|---|---|---|---|---|
| Master of Analytics | City Campus |
2 years full time or 4 years part time
|
2 years full time
|
MC242 | 081540A |
Choose a program structure
Program code: MC242
Career
Graduates are employed by a variety of scientific, commercial and government enterprises, most commonly as data scientists, statisticians, business analysts, consultants, modellers and researchers.
With the increasing availability of data available from sources including smartphones, smartwatches, and the Internet of Things, there will always be analytics opportunities to derive insights.
Employment in marketing has grown exponentially over recent years, followed closely by finance, consulting and business intelligence.
Job Outlook projects that the work opportunities for ICT business and systems analysts will grow by 12.9% to 2024, and by 9.7% for actuaries, mathematicians and statisticians. Job Outlook also estimates that in 2021 the most common annual salary for a data scientist and statistician in Australia is between $120,000 and $140,000.
Graduates can apply for membership of these organisations:
Admissions
- A bachelor degree
OR
- At least 10 years of relevant work experience
If you wish to have industry or employment experience assessed as part of meeting the entry requirements you will need to provide a detailed CV/resume listing previous positions, dates of employment and position responsibilities; a statement from your employer confirming these details (or contact details of employer so RMIT can seek confirmation); and evidence of any relevant professional development undertaken.
You must have successfully completed:
An Australian bachelor degree (or equivalent overseas qualification) in any discipline.
You may also be considered if you have at least 10 years of work experience in analytics, statistics, operations research, economics, finance, logistics, marketing, supply chain management, engineering (management), information technologies, information security, computer science or a relevant discipline.
Entry requirements
To study this program you will need to complete one of the following English proficiency tests:
- IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
- TOEFL (Internet Based Test - IBT): minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
- Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
- Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.
Pathways
Exemptions
If you have successfully completed one of the following qualifications majoring in analytics, statistics, operations research, or a relevant discipline you will be eligible for exemptions as follows:
Qualification level |
Exemptions |
Remaining program duration |
(AQF Level 7 or equivalent)
|
Up to 48 credit points (equivalent to one semester of full-time study) |
144 credit points (equivalent to three semesters of full-time study) |
(AQF Level 8 or higher)
|
Up to 96 credit points (equivalent to two semesters of full-time study) |
96 credit points (equivalent to two semesters of full-time study) |
If you have successfully completed one of the following qualifications majoring in economics, finance, logistics, marketing, supply chain management, engineering (management), information technologies, information security, computer science, geospatial science or a relevant discipline you may be eligible for exemptions as follows:
Qualification level |
Exemptions |
Remaining program duration |
(AQF Level 7 or higher)
|
Up to 48 credit points (equivalent to one semester of full-time study) |
144 credit points (equivalent to three semesters of full-time study) |
If you choose to exit this degree after completing 96 credit points (equivalent to two semesters of full-time study) you are eligible to obtain a Graduate Diploma in Analytics. Note that the exemptions mentioned above cannot be used to exit with a graduate diploma.
Masters exemptions
You may be eligible for advanced standing up to a maximum of 2 semesters (equivalent to 96 credits points). Eligibility for advanced standing is based on your previous studies and is assessed on a case by case basis.
Learn more about eligibility for credit transfer and recognition of prior learning.
Fees
2022 indicative fees
Full-fee places: AU$28,800.
Additional expenses
- Student services and amenities fee (SSAF): AU$315 maximum fee for 2022.
- Other items related to your program, including field trips, textbooks and equipment.
Annual fee adjustment
Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
Defer your payment
This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
Learn more about fees for postgraduate study.
Payments and refunds
For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.
Eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
How does a HELP loan work?
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
This program is approved for income support.
You may be eligible for student income support payments from the Commonwealth Government if you are undertaking a graduate certificate, graduate diploma or an approved professionally oriented masters by coursework program. For more information see Income support for Masters students.
If you are enrolled in an eligible program you will also need to satisfy all other student payment eligibility requirements. You can contact Centrelink or Services Australia for further information about student income support entitlements, your eligibility and how to apply.
In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.
The SSAF is calculated based on your enrolment load and the maximum fee for 2022 is $315.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
The annual tuition fee for 2022 is AU$36,480.
The total indicative tuition fee for 2022 commencement is AU$74,880.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living in Melbourne.
Applying for refunds
For information on how to apply for a refund as a continuing international student, please see Refunds.
Looking for answers or more general infomation?
For frequently asked questions or how to find more information regarding applications and enrolments, fees, student support services, university policies and more, please visit our Frequently Asked Questions.