Masters in Data Science

What is Data Science

With the advent of data as an important component of business operations, analyzing and making sense of large sets of data has become extremely important these days. Data Science is a concept to integrate statistics, data analysis, machine learning and related methods to better understanding and analyzing of the actual phenomena with data. It employs theories and technologies to withdraw perception from data in various forms, both structured and unstructured.

Data Science is a multidisciplinary field that uses algorithms, scientific methods, and systems to glean knowledge and information from data in various forms. It uses methods from mathematics, statistics, information and computer science. Predictive modelling and machine learning is used in order to generate meaning out consumer behaviour/trends and devise business strategies.

Requirements to Study Data Science

Most of the universities in the USA, Canada require you to give the GRE. Few universities from Germany require GRE scores. However, GRE is not required for admission to Australian universities. IELTS or TOEFL is compulsory for acquiring student visa and as a proof of English proficiency.

Core Subjects in Data Science

Data science students deal mainly with the data and spend a lot of time in the process of collecting, cleaning, and wrangling data. Few subjects include:

  • Advanced Programming Techniques
  • Data Acquisition / Management
  • Computational Math
  • Visual Analytics
  • Statistics and Probability
  • Mathematical Modeling Techniques
  • Simulation and Modeling Techniques
  • Business Analytics and Data Mining
  • Current Topics in Data Analytics (Algo Trading)
  • Machine Learning and Big Data
  • Web Analytics

Specialisations in Data Science

Specialization topics include:

  • R Programming
  • Getting and Cleaning Data
  • Exploratory Data Analysis
  • Reproducible Research
  • Statistical Inference
  • Regression Models
  • Practical Machine Learning
  • Developing Data Products

Cost of Studying Data Science

Although the fees vary university to university, the average cost of studying data science in the United States is around $38, 000. It’s almost the same in Canada. In Australia, it’s around AU$36,000.

Job Prospects after Masters in Data Science

United States$37,381 - $82,989$58104
United Kingdom£18,559 - £40,625£25,716
SwitzerlandCHF 13,602 - CHF 119,997

CHF 88,721

Swden$24,328 - $77,584 $51,245
SingaporeS$26,087 - S$93,627S$46,597
New ZealandNZ$43,661 - NZ$82,771NZ$61,118
Netherland€26,623 - €55,322€36,532
Japan¥1,137,524 - ¥9,535,614¥5,749,252
Ireland€25,155 - €53,273€34,230
Germany€24,884 - €60,750€41,527
France€29,291 - €60,331€39,415
CanadaC$38,307 - C$76,560C$53,680
AustraliaAU$48,424 - AU$100,357AU$68,200

Top Universities for Data Science

Universities that Average Profiles can target