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Faculty of Social Sciences

Sagicor Cave Hill School of Business and Management


Business Analytics with Specialisation in Risk Management and Financial Engineering (FACE-TO-FACE)

Business Analytics with Specialisation in Risk Management and Financial Engineering  (FACE-TO-FACE).png

About the Programme

Do you thrive under pressure? Do you have an interest in advancing in the financial industry? Consider our face to face MSc. programme in Business Analytics with Risk Management and Financial Engineering - the only programme of its kind in the Caribbean region.

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.

What Will I Study?

  • The 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, 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 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 best business schools anticipate the needs of global firms and lead the market through programme innovation. As industries grasp the power of information to deliver competitive advantage, the demand for big data expertise continues to grow. To ensure that our MSc. Business Analytics graduates are ready for the global marketplace, the Sagicor Cave Hill School of Business and Management revamped its MSc. Business Analytics programme suite in 2021, though less than five years old. We have introduced concentrations in Aviation Management, Logistics Analytics, Tourism and Hospitality Analytics, Risk Management and Financial Engineering alongside the concentrations in Finance and Marketing.
Our students are also getting opportunities to utilise their skills prior to graduation. The research component of the 2021 National Seek and Save Programme was a collaborative effort between our undergraduates, who went from door-to-door collecting key household information and our Business Analytics graduate students who mined the data to uncover lifesaving information. Every MSc. Business Analytics student is required to undertake a comprehensive project involving data preparation, mining and visualisation for a Caribbean business looking to up its know-how.

Be a part of the data driven business revolution and save money by completing your graduate degree in 18 months rather than 24 - 30 months.

At a Glance

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


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

See full course list with course descriptions »

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 2023)  = BDS $ 35,000
University Registration Fees (as at August 2023) = 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 2023-2024. 

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 Sagicor Cave Hill School of Business and Management.
Two letters of recommendation must be provided by all degreed applicants.
For Non-Degreed Applicants
The Cave Hill School of Business and Management is considering opening its doors to a number of individuals working in the private sector without degrees, who have a desire to obtain advanced 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: 
  1. Technical certificates or diplomas that can be assessed by the University of the West Indies.
  2. Five years’ experience in the Statistics or Data Analytics related field.
  3. They are successful at an interview conducted by a selected panel determined by the Campus Committee on Graduate Studies and the Sagicor Cave Hill School of Business and Management.
  4. Two letters of recommendation.


Sagicor Cave Hill School of Business and Management
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