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Postgraduate Programmes

Business Analytics with Specialisation in Risk Management and Financial Engineering

About the Programme

Do you thrive under pressure? Do you have an interest in advancing in the financial industry? Consider our MSc. programme in Business Analytics with Risk Management and Financial Engineering.

We will give you the tools to help organisations interpret data and navigate risks and financial crises in this dynamic economic environment. The skills you gain will position you on a viable career trajectory.

You will explore and discover:

  • Different types of data source
  • How to store, retrieve and report data
  • How to prepare, visualise and make sense of data to support business decision-making for competitive advantage
  • The models, techniques and technologies of big data analytics
  • How to write the algorithms that will cause the most meaningful data insights to emerge
  • How to identify risk across industries and create appropriate coping and management strategies
  • How to make ethical and robust financial decisions 

Facilities and Resources

Graduate Studies Lab - This new Graduate Studies Lab equips students with hands-on experience in using data analytic and research tools and technologies to improve the practical experience and the real-world feel of their programme curriculum.

Laptop, Software and Textbook Package - Textbooks (printed or electronic) in addition to a new laptop loaded with contemporary business analytics software are provided for all registered students. The package fee is included in the programme cost, and students are allowed to keep the laptop and all of the course materials on completion of the course of study.


Our faculty for this programme includes three researchers who are renowned experts in business analytics or finance.
Professor Sally Brailsford – Professor Sally Brailsford is Professor of Management Science within Southampton Business School at the University of Southampton, UK. Professor Sally Brailsford is also currently one of the leading individuals in her field. Professor Brailsford’s research has been chiefly in the area of health care modelling with the aim to evaluate treatments and screening programmes, to allocate resources, to redesign processes and to improve systems.
Dr. Terry Harris – Dr. Terry Harris is an Assistant Professor in Accounting at Durham University Business School, Durham University, UK. Some of his research interests include financial econometrics, financial engineering, and machine learning and big data analytics. Dr. Harris has engaged in extensive theoretical and applied research, publications, and scholarly and professional activities. In particular, he has published in Association of Business Schools (ABS) rated internationally leading journals.

Professor C. Justin Robinson has published extensively on banking, finance and investments in the emerging market context. His research included investigations on stock price behaviour, dividend policy and monetary integration in the Caribbean. Professor Robinson also serves on the Board of Directors for the Central Bank of Barbados.

Career Opportunities

Career opportunities include:
  • Business Analyst
  • Data Analyst
  • Risk Management Analyst
  • Management Consultants
  • Supply Chain Analyst
  • Data Visualisation Engineer
  • Financial Analytics Engineer
Apply now if these career paths interest you!

We accept applications from November 1 to June 30. However, expressions of interest are accepted throughout the year.

Why Study in Barbados

The MSc. Business Analytics with Risk Management and Financial Engineering programme is not offered at any of the other UWI campuses and is the only one of its kind offered in Barbados and the Eastern Caribbean.
Save thousands on your education while living in paradise! Cave Hill Campus offers affordable tuition while delivering a world class education in just 18 months. We welcome local, international and regional students.

Get Started

At a Glance

  • Degree Level: Postgraduate
  • Qualification: MSc
  • Duration: Full-Time: 18 months; Part-Time: 24 months (maximum of 4 years)


  • (246)-417-4297/4538
  • (academic and administrative support)

Programme Details

Some of the courses you will cover are:

  1. Introduction to Business Analytics
  2. Data Preparation and Visualisation
  3. Data Mining-Supervised and Unsupervised Learning
  4. Database Design and Management
  5. Advanced Financial Engineering
  6. Risk Management of Financial Institutions

Our tuition is internationally competitive and we offer scholarships, financial aid and payment plans to make university education available to our students. Please CLICK HERE for details on financing options.  

Programme Fees (as at August 2021)  = BDS $ 35,000
University Registration Fees (as at August 2021) = BDS $ 540 per semester:
University fees comprise of Guild and Amenities Fees. They are not charged in the summer semester.
Please note that fees may be adjusted for academic year 2022-2023. 

For Degreed Applicants

A Bachelor’s degree or equivalent from a university or college acceptable to the University of the West Indies, with at least Second Class Honours.
Students are expected to have a good grounding in a quantitative subject such as mathematics, statistics, physics, engineering, computer science, management science, economics, business or a quantitative social science. Students who are adjudged to have an insufficient background in a quantitative discipline may still qualify for entry into the programme but will be required to pursue a preliminary year of study before the MSc. Business Analytics courses are pursued.
Students with pass degrees will be considered on the following conditions:
(a) they are currently working in a Statistics or Data analytics related field, and;
(b) they are successful at an interview conducted by the entrance committee within the Department.

Two letters of recommendation must be provided by all degreed applicants.
For Non-Degreed Applicants

The Department is considering opening its doors to a number of individuals working in the private sector without degrees, who have a desire to obtain advance training in Business Analytics. It is expected that the number of students entering the programme through this route would be highly restricted and should represent no more than 25 percent of the cohort in any given year.  Students entering through this route will be required to undertake a preliminary year of study.  The entry criteria for these students would therefore be: 

Technical certificates or diplomas that can be assessed by the University of the West Indies.

Five years’ experience in the Statistics or Data Analytics related field.

They are successful at an interview conducted by a selected panel determined by the Campus Committee on Graduate Studies and the Department of Management Studies.

Two letters of recommendation.