INTERNATIONAL

MSc IN

Business Analytics

Application round:
Round 2
(Starting from)
11900
Language
English
Location
On campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time
Language
English
Location
On campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time

Top Business School in Europe and #1 in Portugal!

The Master’s in Business Analytics aims at the development of solid technical, organizational, leadership, critical thinking and communication competencies for future managers and leaders of organizations in a context increasingly dependent on algorithms and hybrid (human-machine) systems for decision-making.

No items found.

Lukas Berndt, Consultant Data Science EY, Dusseldorf

The Master’s in Business Analytics was a transformative experience that equipped me with the skills and knowledge needed to master the field, even without prior programming knowledge.
The comprehensive curriculum, expert faculty, and hands-on projects provided a holistic education that exceeded my expectations.
Master’s in Business Analytics 2020
Nova SBE CEMS MIM is part of the alliance of 33 Business Schools among the best worldwide

(10 CEMS schools in the Financial Times TOP 20 Master's in Management).

About the program

#innovative
#handsOn
#applicable

• Involves specialized and research-active teaching staff, ranked by Portugal’s Science and Technology Foundation on Excellent in Research.
• Collaboration with the Department of Computer Science of NOVA School of Science and Technology.

100
%
working within
6 months
60.6
%
have an
International career

Explore your path,
customize your future.

Graph legend:
Mandatory Modules
Mandatory Courses
Electives to choose

Structure & Schedule

Year 1
(60 ECTS)
Fall
Microeconomic Analysis
(7 ECTS)
Macroeconomic Analysis
(7 ECTS)
Econometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Macroeconomics or Mircroeconometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Business in Practice
Hands-on simulation where teams manage a global company, with each student taking on a director role to apply business concepts in practice.

Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Financial Modeling
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
IMF Career Program
(2 ECTS)
Exclusive Language Courses
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Internship Project (individual)
Work Projects with an international scope conducted during an internship or a job.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Exclusive Language Courses
Exclusive Career Support
Compulsory Internationalization Requirement
Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Financial Modeling
(3.5 ECTS)
Empirical Methods for Finance
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Entrepreneurship with impact
(7 ECTS)
Financial Management for Entrepreneurs
(3.5 ECTS)
Becoming a Change Maker
(3.5 ECTS)
Opportunity Identification
(3.5 ECTS)
Innovation for Impact
(3.5 ECTS)
Firms and Markets
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Entrepreneurial Project OR Innovation Project
(7 ECTS)
Entrepreneurial Mindset
(3.5 ECTS)
Data Science for Impact
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

‍Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
International Relations and Organizations
(3.5 ECTS)
Development Economics I
(3.5 ECTS)
Markets, Incentives and Behavior
(3.5 ECTS)
Policy Appraisal
(3.5 ECTS)
Statistics for Policy Action
(3.5 ECTS)
Politics for Policy
(3.5 ECTS)
Management
(3.5 ECTS)
Politics Policy I
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Development Economics II
(3.5 ECTS)
Policy Analysis
Exercise
(3.5 ECTS)
Policy Evalation for Public Policy
(3.5 ECTS)
Elective
(3.5 ECTS)
Public Policy II
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Policy Analysis exercise
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Project-Based Learning
Collaborate on real-world data challenges and showcase your results in the thesis.
Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Introduction to Python for Data Analysis
(3.5 ECTS)
Data Curation for Business Analytics
(3.5 ECTS)
Research Methods for Business Analytics
(3.5 ECTS)
Data Visualization for Business Analytics
(3.5 ECTS)
Digital Strategy and Markets
(3.5 ECTS)
Optimization
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Data Ecosystems and Governance in Organizations
(3.5 ECTS)
Elective
(3.5 ECTS)
Machine Learning
(3.5 ECTS)
Elective
(3.5 ECTS)
Digital Experimentation & Causal Analysis
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Project-Based Learning (PBL)
Collaborate on real-world data challenges and showcase your results in the thesis.
Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.
Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.
+ 3rd Language: level A1/A2 (only required at the end of the 2 years)
(Example: 60h Course in A1/A2 from selected institute such as Cervantes, Goethe, etc.)
The area of expertise in Hospitality & Customer Experience also includes a complementary innovation program that will guide students on an entrepreneurial journey where they can develop creativity and their entrepreneurial skills, develop their own projects, and even potentially start their own businesses.
Workstreams

Workstreams allow students to specialize in specific areas while taking core subjects. They follow a set study plan, often linked to a final Work Project. The first two semesters cover essential management disciplines and workstream-specific subjects, while the third semester focuses on the Work Project under expert supervision. Applications for workstreams must be made during the application process, and spots are limited.

Hospitality & Customer Experience, managed by Nova SBE Westmont Institute Tourism & Hospitality
Integrated Marketing Communications
Luxury Management

Choose your Electives

Popular Electives

Discover some of the most popular electives:

  • Advanced Programming for Data Science
  • Advanced Topics in Machine Learning
  • AI Impact on Business
  • Big Data Analysis
  • Business Model Innovation
  • Design and Construction of Data Centric Apps
  • Engineering of Data Analysis
  • Network Analytics
  • Product Design and Development
  • Technology Strategy
Explore the program brochure to learn more about all available options.
Areas of Expertise

  • Advanced Programming for Data Science 
  • Advanced Topics in Machine Learning
  • AI Impact on Business 
  • Algorithmic Governance 
  • Applied Entrepreneurship 
  • Asset Management 
  • Big Data Analysis 
  • Blockchain Fundamentals 
  • Business Analytics Special Project 
  • Business Model Innovation 
  • Circular Economy:  Eliminate, Circulate and Regenerate 
  • Competition Policy 
  • Competitive Strategy: An Analytical Approach 
  • Corporate Strategy and Transformation 
  • Cracking the Sales Code 
  • Customer Relationship Management 
  • Cybersecurity in Organizations
  • Derivatives 
  • Design and Construction of Data-Centric Apps  
  • Design Thinking for Social Innovation 
  • Digital Marketing 
  • Economics of Education
  • Economics of Health and Health Care 
  • Energy and Climate Change 
  • Engineering of Data Analysis
  • Entrepreneurial Finance & Venture Capital 
  • Entrepreneurial Strategy 
  • Fintech Ventures 
  • Game Theory 
  • Innovation Management 
  • Marketing Analytics 
  • Network Analytics 
  • Open Innovation 
  • Operations Management 
  • Operations Strategy
  • Product Design and Development 
  • Project Scoping 
  • Quality Management 
  • Science-Based Entrepreneurship and Innovation 
  • Strategic Foresight and Scenario Planning 
  • Sustainable Operations 
  • Technology Strategy 
  • Web and Cloud Computing
Areas of Expertise
Available to choose
  • Advanced Programming for Data Science 
  • Advanced Topics in Machine Learning
  • AI Impact on Business 
  • Algorithmic Governance 
  • Applied Entrepreneurship 
  • Asset Management 
  • Big Data Analysis 
  • Blockchain Fundamentals 
  • Business Analytics Special Project 
  • Business Model Innovation 
  • Circular Economy:  Eliminate, Circulate and Regenerate 
  • Competition Policy 
  • Competitive Strategy: An Analytical Approach 
  • Corporate Strategy and Transformation 
  • Cracking the Sales Code 
  • Customer Relationship Management 
  • Cybersecurity in Organizations
  • Derivatives 
  • Design and Construction of Data-Centric Apps  
  • Design Thinking for Social Innovation 
  • Digital Marketing 
  • Economics of Education
  • Economics of Health and Health Care 
  • Energy and Climate Change 
  • Engineering of Data Analysis
  • Entrepreneurial Finance & Venture Capital 
  • Entrepreneurial Strategy 
  • Fintech Ventures 
  • Game Theory 
  • Innovation Management 
  • Marketing Analytics 
  • Network Analytics 
  • Open Innovation 
  • Operations Management 
  • Operations Strategy
  • Product Design and Development 
  • Project Scoping 
  • Quality Management 
  • Science-Based Entrepreneurship and Innovation 
  • Strategic Foresight and Scenario Planning 
  • Sustainable Operations 
  • Technology Strategy 
  • Web and Cloud Computing
Mandatory Courses
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* Program may be subject to changes.

Awards

Nova SBE, in partnership with different national and international entities, annually rewards the students' academic achievements.

Income Share Agreement

Aims to support Portuguese students accessing learning programs by paying the tuition fee, which students will only reimburse when they start working.
Professional practice as a plus in your Curriculum Vitae
Nova SBE is a member of the CFA® Institute University Affiliation Program, which is a relevant addition to a student’s Curriculum Vitae when applying for top-tier finance firms. This status is granted to higher education institutions whose degree programs incorporate at least 70 % of the Level I CFA® Program Candidate Body of Knowledge (CBOK), thus providing students with a solid grounding in the CBOK and helping them obtain their Chartered Financial Analyst designation.

The CFA® recognition signals potential students, prospective employers, and the marketplace that Nova SBE Master’s in Finance curriculum is closely tied to professional practice.

Nova SBE offers a unique opportunity to prepare for the internationally recognized CFA® exams during the degree. ​The scholarships reduce fees to 350$ (saving at least 800$ per exam).

Class Profile

2025/2026
173
Students
68
%
International Students
32
Nationalities
22
Average Age
40
%
Female
60
%
Male

Academic Background

67.6
%
Business & Management
8.7
%
Social Studies
4
%
Applied & Pure Sciences
8.1
%
Engineering
11
%
Computer Science & IT
%
Humanities
%
Law
%
Media
%
Health & Medicine

Fees & Scholarships

Master's

Regular track

1.5 years
11900
Non-EU/EEA students:
13000
Enrolment in the Master’s program becomes effective after the payment of a 1250€ (EU/EEA)/2350€ (non-EU/EEA) non-refundable fee which will be deducted from the total tuition fee
Additional fees:
- Administrative costs €36.5 (includes school insurance)
- Master's Certificate €50
- Master's Diploma ("Carta de Curso") €120
Addon
+ 0.5 years

Exchange Semester

+
3000
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

Double Degree

+
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

CEMS MIM

+
8750
Enrolment in the CEMS MIM program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon

Double Degree w/ Maastricht SBE

+
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon
+ 0.5 years

Dual Degree w/ NYU Tandon

Fees available here

Scholarships

These are some of the scholarships available:

  • Nova SBE Continuity Scholarship
  • Nova SBE Social Continuity Scholarship
  • Nova SBE Merit Scholarship
  • Accenture Scholarship
  • “Impulso Adultos” Incentive Program Scholarships
  • McKinsey First Generation Scholarship
  • McKinsey Women in Leadership Scholarship
  • NOS Scholarship
  • NOVAFRICA Scholarship
  • Santander Apoio Universitário Scholarship
  • Unipartner Scholarship
For more information, check out our website.

Life @ Nova SBE

We have a dedicated team to help you navigate our Nova Way of Life and help you with:

Getting started

Visas
Accommodation​
Transportation​​
Living Costs​​
What to do​​
Life at Nova SBE Guide​​

Well-being

World Mental Health Day​
Well-being week​​
Well-being workshops​
Well-being resources Thrive
Mindfulness​
Peer Tutoring Program​
Special educational needs​
Counselling / Coaching​
Psychotherapy CUF or SASNOVA​
Redefining campus life

Clubs & Students' Union

We have 30+ clubs that go beyond their traditional role to boost student engagement on campus, which is often the catalyst for a positive student experience.

Nova SBE Students’ Union was born with a mission: to represent all Nova SBE students. It offers the best events, initiatives, student clubs, and some of the best sports teams in university championships.

Campus

Nova SBE

Our campus in Carcavelos is built to provide you with the best academic experience! Here, you can find everything, from restaurants and a grocery store to a gym, bank, and even a health clinic.

Student residencies
Tunnel
(from the campus to the beach)
FNAC store
Fitness Hut Gym
Private medical Clinic
(CUF)
Mon Café Coffee Shop
Café Joyeux
3 restaurants
Rooftop bar
(with a beach view)
Pingo Doce Supermarket
(the first in Portugal without cashiers)
3 studios available
(for recording videos, podcasts, voice-overs)

Your future career

Nova SBE Master’s students have a dedicated Careers Services team to help with placement and aspirations.

As a Master’s student you will have access to:

Dedicated careers team

Exclusive career program aiming at international placement, with a dedicated career counselor

Mastering your Career Program

a series of workshops and career events that will help you acquire market knowledge and set your personal and professional goals

Individual counselling sessions

you’ll be accompanied by a dedicated Career Counsellor who will support you in defining your career goals and preparing for recruitment processes

Career Fairs

each year, there are two Career Fairs on campus to meet and network with recruiters from leading national and international companies

Career Events

activities both on-campus (company presentations, business challenges, networking opportunities) and off-campus (company visits, online presentations).

Meet the Market

this module connects students with companies who operate inspecific industries of their interest

Careers@

visits to companies of a specific geography, so that students connectwith these companies and understand how it is to work in this specific location

Career Center by JobTeaser

the Careers @ Nova SBE portal by JobTeaser connects students to the marketplace, by providing access to Job Offers, Events, Counselling, and Career-related resources

Special Mentoring program

our Mentoring program connects experienced Nova SBE Alumni with students with the goal of guiding them on the transition from academic life to the job market

Top recruiters

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Fast FOrward To Your Future

Application round:
Round 2
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