Graduate Diploma in Analytics

Royal Melbourne Institute of Technology

About

Analytics is an established quantitative field within both industry and higher education.

With exponential growth in available data, the analytics discipline has emerged as a key field requiring the skilled analyst.

This program provides you with complementary skills in analytics, tapping into studies in statistics, operations research, computer science, information technologies, business, economics, finance and marketing.

Combining the expertise of two colleges (College of Science, Engineering and Health and College of Business) , the Graduate Diploma in Analytics prepares you for statistical analysis in the business world.

The flexibility of the program, allowing you to choose from a diverse range of options, combined with a core of statistics and operations research, will enable you to specialise in the areas that will assist you in the future.The Graduate Diploma in Analytics is an exit point program only from the Master of Analytics.

You may chose to exit with this award after completing the program structure outlined within this program guide.This program is delivered on campus;

some courses may be available online.

Structure

Year One of Program

Complete the following Three (3) Courses:

Course Title Credit Points Course Code Campus
Applied Analytics 12 MATH1324 City Campus
Database Concepts 12 ISYS1055 City Campus
Data Wrangling 12 MATH2349 City Campus

Select and Complete Two (2) of the following Courses:

Course Title Credit Points Course Code Campus
Essential Mathematics 12 MATH2267 City Campus
Data Visualisation and Communication 12 MATH2270 City Campus
Machine Learning 12 MATH2319 City Campus
Time Series Analysis 12 MATH1318 City Campus

Select and Complete One (1) of the following Courses:

Course Title Credit Points Course Code Campus
Mathematical Modelling and Decision Analysis 12 MATH1293 City Campus
Applied Bayesian Statistics 12 MATH2269 City Campus
Analysis of Categorical Data 12 MATH1298 City Campus
Design and Analysis of Experiments 12 MATH1302 City Campus
Forecasting 12 MATH1307 City Campus
Multivariate Analysis Techniques 12 MATH1309 City Campus
Regression Analysis 12 MATH1312 City Campus
Statistical Inference 12 MATH1315 City Campus
Statistics of Quality Control and Performance Analysis 12 MATH1316 City Campus
Stochastic Processes and Applications 12 MATH1317 City Campus
Game Theory and its Applications 12 MATH1320 City Campus
Methods and Models of Operations Research 12 MATH1326 City Campus
Questionnaire and Research Design 12 MATH2218 City Campus
Systems Simulation 12 MATH2219 City Campus
System Dynamics 12 MATH2220 City Campus
Sports Analytics 12 MATH2223 City Campus
Introduction to Statistical Computing 12 MATH1322 City Campus

Select and Complete Two (2) of the following Courses:

Course Title Credit Points Course Code Campus
Accounting for Management Decisions 12 ACCT2127 City Campus
Corporate Finance 12 BAFI1059 City Campus
Fixed Income Securities and Credit Analysis 12 BAFI1065 City Campus
Financial Decision Making 12 BAFI1100 City Campus
Options, Futures and Risk Management 12 BAFI2081 City Campus
Scripting Language Programming 12 COSC1092 City Campus
Artificial Intelligence 12 COSC1125 City Campus
Intelligent Web Systems 12 COSC1165 City Campus
Programming Techniques 12 COSC1283 City Campus
Algorithms and Analysis 12 COSC1285 City Campus
Advanced Programming 12 COSC1295 City Campus
Data Mining 12 COSC2111 City Campus
Advanced Programming Techniques 12 COSC2207 City Campus
Database Systems 12 COSC2407 City Campus
Programming Fundamentals 12 COSC2531 City Campus
Big Data Management 12 COSC2636 City Campus
Big Data Processing 12 COSC2637 City Campus
Case Studies in Data Science 12 COSC2669 City Campus
Practical Data Science with Python 12 COSC2670 City Campus
Social Media and Networks Analytics 12 COSC2671 City Campus
Quantitative Methods in Finance 12 ECON1095 City Campus
Economic Analysis for Business 12 ECON1113 City Campus
Financial Econometrics 12 ECON1195 City Campus
Econometric Techniques 12 ECON1238 City Campus
GIS Fundamentals 12 GEOM1159 City Campus
GIS Principles 12 GEOM1163 City Campus
Advanced GIS 12 GEOM2151 City Campus
GIS Analytics 12 GEOM2152 City Campus
Digital Risk Management and Information Security 12 INTE1002 City Campus
Digital Strategy 12 INTE1030 City Campus
Business Intelligence 12 INTE1040 City Campus
Introduction to Information Security 12 INTE1120 City Campus
Case Studies in Cyber Security 12 INTE1122 City Campus
Information Theory for Secure Communications 12 INTE1128 City Campus
e Procurement and Supply Chain Technologies 12 INTE1208 City Campus
e Business Models and Issues 12 INTE1214 City Campus
Information Systems Risk Management 12 INTE2396 City Campus
Decision Support Systems 12 ISYS1018 City Campus
Knowledge and Data Warehousing 12 ISYS1072 City Campus
Web Search Engines and Information Retrieval 12 ISYS1078 City Campus
Globalization and Business IT 12 ISYS2394 City Campus
Business Systems Analysis and Design 12 ISYS2395 City Campus
Enterprise Systems 12 ISYS2396 City Campus
Risk Management and Feasibility 12 MANU1051 City Campus
Engineering Economic Strategy 12 MANU1054 City Campus
Planning and Control 12 MANU1378 City Campus
Sustainable Engineering Systems and Environment 12 MANU1381 City Campus
Measurement and Improvement 12 MANU1474 City Campus
Project Management 12 MANU2123 City Campus
Mathematical Modelling and Decision Analysis 12 MATH1293 City Campus
Applied Bayesian Statistics 12 MATH2269 City Campus
Analysis of Categorical Data 12 MATH1298 City Campus
Design and Analysis of Experiments 12 MATH1302 City Campus
Forecasting 12 MATH1307 City Campus
Multivariate Analysis Techniques 12 MATH1309 City Campus
Regression Analysis 12 MATH1312 City Campus
Statistical Inference 12 MATH1315 City Campus
Statistics of Quality Control and Performance Analysis 12 MATH1316 City Campus
Stochastic Processes and Applications 12 MATH1317 City Campus
Game Theory and its Applications 12 MATH1320 City Campus
Methods and Models of Operations Research 12 MATH1326 City Campus
Questionnaire and Research Design 12 MATH2218 City Campus
Systems Simulation 12 MATH2219 City Campus
System Dynamics 12 MATH2220 City Campus
Sports Analytics 12 MATH2223 City Campus
Introduction to Statistical Computing 12 MATH1322 City Campus
Marketing Management 12 MKTG1100 City Campus
Consumer Behaviour 12 MKTG1101 City Campus
Interactive Marketing 12 MKTG1105 City Campus
Services Marketing 12 MKTG1112 City Campus
Business and Network Marketing 12 MKTG1209 City Campus
Supply Chain Principles 12 OMGT1021 City Campus
Supply Chain Modelling & Design 12 OMGT2087 City Campus
Supply Chain Sustainability 12 OMGT2190 City Campus
Strategic Operations and Supply Chain Management 12 OMGT2191 City Campus
e Business Supply Chains 12 OMGT1236 City Campus
Distribution and Freight Logistics 12 OMGT1012 City Campus

Entry requirements

Entry to this program is via MC242 Master of Analytics.

Students in the Masters degree who wish to exit the Masters before completion, may be eligible to take out the intermediary award of GD111 Graduate Diploma in Analytics.

Learning outcomes

The program has a student-focused approach that aims at developing superior skill levels in the use of statistics and operations research in solving real world problems arising in industry, research and the business environments. This is achieved by the use of contemporary statistical software accompanied by an in-depth understanding of the statistical processes involved and how these processes impact in a variety of environments. By completing this program, you will be particularly knowledgeable, creative and critical in your approach to interpreting and analysing data. You will also be equipped with the ability to apply knowledge acquired to solve a wide range of real world problems.

Please note that the following list of PLOs applies to MC242 Master of Analytics. Students exiting MC242 with the Graduate Diploma award will have developed knowldge, skills and their application in areas identified below but not at an AQF 9 program level. Importantly they will not have completed a significant research capstone experience.

The following are the key learning outcomes developed in the MC242 program which will make you, as a graduate, relevant to current industry and business requirements:

Personal and professional awareness

  • the ability to contextualise outputs where data are drawn from diverse and evolving social, political and cultural dimensions
  • the ability to reflect on experience and improve your own future practice
  • the ability to apply the principles of lifelong learning to any new challenge.

Knowledge and technical competence

  • an understanding of appropriate and relevant, fundamental and applied mathematical and statistical knowledge, methodologies and modern computational tools.

Problem-solving

  • the ability to bring together and flexibly apply knowledge to characterise, analyse and solve a wide range of problems
  • an understanding of the balance between the complexity / accuracy of the mathematical / statistical models used and the timeliness of the delivery of the solution.

Communication

  • the ability to effectively communicate both technical and non-technical material in a range of forms (written, electronic, graphic, oral), and to tailor the style and means of communication to different audiences. Of particular interest is the ability to explain technical material, without unnecessary jargon, to lay persons such as the general public or line managers.

Information literacy

  • the ability to locate and use data and information and evaluate its quality with respect to its authority and relevance.

Institution