Online program on Coursera. First enrollment in September 2021.
Earn an MSc degree in Finance with a major in Business Analytics and become a finance leader today.
Gain practical experience in new career tracks and enjoy access to valuable career resources that will enable you to be successful in the world of finance.
Our Master of Business Analytics program is among the first in the world to offer to global audiences cutting-edge concepts and methods of business analytics and strategic reporting that are aligned with the new principles of regenerative economy and finance, inclusive capitalism, and enhanced value creation for financial and non-financial stakeholders.
The program offers new competencies that employers all over the world seek to compete in the knowledge economy and to achieve the sustainability goals of countries and businesses in uncertain times such as these.
The curriculum has a global scope and captures new trends in value creation analysis involving the non-financial capital of a company, their disclosure, as well as new auditing and assurance strategies.
Students of the program learn:
How to develop stakeholder’s value creation frameworks for business analysis and reporting to navigate company’s decisions;
How to determine what drives financial performance and the ability of a business to create and capture value for financial and non-financial stakeholders;
How strategic reporting secures the connectivity between non-financial capitals, sustainability of the business, and future financial performance;
How the non-financial capitals change audit frameworks and assurance strategies;
How integrated approach to multiple capital analytics involves integrated thinking into top management teams and board of directors work.
The curriculum of the Master of Business Analytics program focuses on the following topics within a global scope: new trends in value creation analysis involving non-financial capitals of a company, their disclosure, as well as auditing and assurance strategies.
The Tasks of the Future Professional — the Business Analyst
The Master's program is aimed at new groups of competencies in areas that, at first glance, belong to traditional professional tracks, such as financial management, accounting, and reporting. But we have highlighted in the new training lines for new roles, corresponding to new international practices. Our graduates will be prepared for several promising career paths.
In financial management, for example, the central challenge is to have a methodology for analysis that integrates financial and non-financial capital and aims to add value to the business, taking into account the interests of different stakeholder groups over the long term. The peak of such a career in the near future is the chief value officer (CVO), which will replace the chief financial officer (CFO). This trend in the profession also requires a new approach to budgeting and modeling in order to achieve sustainable company value in the long run.
A new position is taking shape — the ESG director — who provides a new quality of management of the company's different capitals to achieve specific environmental, social development, and board role targets. Innovations are also emerging in risk management: integrated risk management concepts and tools are being developed, taking into account risk factors hidden in non-financial capitals and modeling them. The second group of changes in the professional tracks is related to accounting and reporting. Different forms of non-financial reporting are developing rapidly. It is not just a matter of adding more sections to companies' reporting, but a new quality of reporting. It needs to become holistic, integrating non-financial capitals, their risks, and their impact on financial results, both current and future. The third area of change in the finance profession is innovation in risk management. The concepts and tools of integrated risk management, taking into account risk factors of non-financial capitals and their modeling, risk-based planning is being formed.
The Master of Business Analytics is an online Master's program that is anchored in the mainstream view of business on the challenges and ways of turning business models around to achieve UN Sustainable Development Goals; challenges that business itself has articulated in global economic forums and high-level discussion platforms as stakeholder capitalism. This is called a set of radically new concepts, first, because they require new layers of data focusing on the non-financial resources of companies that depend on non-financial stakeholders (human, customer, structural, digital, and natural capital). Second, new analytical developments on the inclusion of non-financial capital in the assessment and projection of future financial performance. Therefore, financial education now faces the challenges of anticipatory training for new professional tracks. That is why we have developed a new Master's degree concept and implemented it in the Master of Business Analytics program.
What makes the program different is the originality of its content. It is centered upon the new professional tracks of the near future and includes two new specializations: Value-Based Business Analytics and Strategic Business Reporting. In addition, the Programme has a global focus. We have created a new format for working with students — Virtual Project Labs — with international experts from Europe and Asia as presenters. In direct dialogue with the students, the experts will not only summarise their experience in solving a range of new business analytics problems but will also formulate new ones. After all, we are just now at a kind of tipping point in knowledge in this area, in the professional skills that are the future. This is why international colleagues from our professional network will share a variety of perspectives on these emerging trends. In addition, we have introduced project-based seminars involving business experts from these growing new tracks in the financial professions before our eyes. These workshops become tools for organizing creative work by small teams of students on project themes within specializations. The modern world is dictating new formats for delivering education. In an environment of uncertainty and multitasking, online education is becoming increasingly important thanks to the flexible ‘learn from anywhere and with a flexible schedule’ format and the well-established set of digital tools for organizing the educational process that our partners in Coursera are implementing.
The Programme is implemented in cooperation with the professional organizations, ACCA, AICPA-CIMA, and IMA. The Master of Business Analytics program has 40 paid places for applicants from Russia and 7 for foreign nationals. To apply, applicants must submit a portfolio to the Admissions Committee. Russian citizens must also take an English language proficiency exam or submit IELTS, TOEFL, or CAE certificates.
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HSE University at a Glance