Master of Analytics

Master of Analytics

POSTGRADUATE

Become a specialist in analytics and build on skills in computer science, engineering and business.

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Student type:
Mode of study:
On campus and blended learning
Entry score:

Not applicable

Duration:
Full-time 2 years
Part-time 4 years
Fees:

AU$30,720 (2023 annual)

Next intake:
February, July
Location:
Melbourne City
Mode of study:
On campus and blended learning
Entry score:

See admissions

Duration:
Full-time 2 years
Fees:

AU$38,400 (2023 annual)

Next intake:
February, July
Location:
Melbourne City

Overview

The Master of Analytics 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.

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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.

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 your study in the second year.

State-of-the-art statistical software used in the curriculum will provide you with hands-on-experience required for analytical practice.

Options for shortened 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.

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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.

Blended learning options

Courses offered as part of blended learning programs include a meaningful blend of online, on-campus, and workplace based learning tailored to the type of study you undertake. This learning is active, prioritising tasks that involve exploration and development of skills and knowledge through interaction and engagement.

Online aspects provide positive benefits such as flexibility and adaptability using digital activities and materials, while also strengthening the interaction and connection with timetabled and on-campus experiences such as tutorials, practicals, or workshops.

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.

The knowledge and skills you will acquire throughout this degree and how they can be applied in your career are described in the learning outcomes.

With seven core subjects, this degree 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.

Course structure

Choose a plan below to find out more about the subjects you will study and the course structure.

Master of Analytics
Program code: MC242
Title
Location
Duration
Plan code
CRICOS
Master of Analytics
City Campus
2 years full time or 4 years part time
MC242
081540A
Location
City Campus
Duration
2 years full time or 4 years part time
Plan code
MC242
CRICOS
081540A
View plan
Master of Analytics
City Campus
2 years full time
MC242
081540A
Location
City Campus
Duration
2 years full time
Plan code
MC242
CRICOS
081540A
View plan

Note: International student visa holders can only study full-time.

Career

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Your career as a data analyst

With data-driven decisions now a fundamental part of business operations, this degree provides you with the platform to be a business-ready problem solver.

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.

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Graduates can apply for membership of these organisations:

Admissions

You need to satisfy all of the following entry requirements to be considered for entry into this degree.

  • 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.

There are no prerequisite subjects required for entry into this qualification.

A selection task is not required for entry into this qualification.

You must meet the University's minimum English language requirements to be eligible for a place in this program.

You need to satisfy all of the following requirements to be considered for entry into this degree.

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.

There are no prerequisite subjects required for entry into this qualification.

A selection task is not required for entry into this qualification.

To study this course 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

You can gain entry to this masters degree from a range of RMIT undergraduate programs, if you meet the entry requirements.

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 Masters exemptions offered Remaining program duration*

(AQF Level 7 or equivalent)

  • Bachelor degree
  • Graduate certificate

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)

  • Bachelor degree (Honours)
  • Graduate diploma
  • Master
  • PhD

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 Masters exemptions offered Remaining program duration*

(AQF Level 7 or higher)

  • Bachelor degree
  • Bachelor degree (Honours)
  • Graduate certificate
  • Graduate diploma
  • Master
  • PhD

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.

The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.

Upon completion of your program, if you wish to continue your studies with a PhD degree, you may need to have completed MATH1332 Minor Thesis.

You may be eligible for entry into the Master of Analytics when you successfully complete the Bachelor of Science (Applied Mathematics and Statistics).

Alternatively, you can gain entry into this degree from a range of RMIT undergraduate programs.

Master Advanced Standing

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 Masters exemptions offered Remaining program duration*

(AQF Level 7 or equivalent)

  • Bachelor degree
  • Graduate certificate

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)

  • Bachelor degree (Honours)
  • Graduate diploma
  • Master
  • PhD

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 Masters exemptions offered Remaining program duration*

(AQF Level 7 or higher)

  • Bachelor degree
  • Bachelor degree (Honours)
  • Graduate certificate
  • Graduate diploma
  • Master
  • PhD

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.

The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.

When you are submitting an application, please indicate that you want to be considered for credit.

Credits

Applicants with a bachelor honours degree, graduate certificate, graduate diploma or masters degree qualification majoring in a different discipline may also be eligible for credit transfer of up to 48 credit points (equivalent to one semester full time study).

When you are submitting an application, please indicate that you want to be considered for credit and provide detailed course syllabus (also known as course outline), outlining volume of learning, course content and weekly topics, learning objectives/outcomes, assessment types and weightings, and reference to the learning resources.

Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.

Upon successful completion of this degree, you may be eligible for entry into an RMIT Masters by Research or Doctoral (PhD) program.

Fees

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2023 indicative fees

  • Full-fee places: AU$30,720.

Additional expenses

  • Student services and amenities fee (SSAF): AU$326 maximum fee for 2023*.
  • 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.

Paying your fees and applying for 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.

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 2023 is $326. 

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.

FEE-HELP loans

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.

SA-HELP Loans

You may be eligible to apply to defer payment of the Student services and amenities fee (SSAF) through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.

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.

You may be eligible to apply for income tax deductions for education expenses linked to your employment.

See the Australian Taxation Office (ATO) for more information.

RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.

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The annual tuition fee for 2023 is AU$38,400.

The total indicative tuition fee for 2023 commencement is AU$76,800.

In addition to tuition fees you also need to pay for:

You also need to account for your living expenses. Estimate the cost of living in Melbourne.

Find out more details about how fees are calculated and the expected annual increase.

Applying for refunds

Find information on how to apply for a refund as a continuing international student.

RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.

Frequently Asked Questions (FAQs)

Looking for answers or more general information?

Use our Frequently Asked Questions to learn about the application process and its equity access schemes, find out how to accept or defer your offer or request a leave of absence, discover information about your fees, refunds and scholarships, and explore the various student support and advocacy services, as well as how to find out more about your preferred program, and more.

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Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.

More information
aboriginal flag
torres strait flag

Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.

More information