The Data Lab MSc
THE DATA LAB MSC IS A COLLABORATIVE EFFORT BETWEEN THE DATA LAB AND SEVEN SCOTTISH UNIVERSITIES, WITH THE AIM OF DEVELOPING THE DATA SCIENCE TALENT AND SKILLS REQUIRED BY INDUSTRY IN SCOTLAND. THE DATA LAB WILL FACILITATE INDUSTRY INVOLVEMENT AND COLLABORATION, AND PROVIDE FUNDING AND RESOURCES FOR STUDENTS.
Why study Data Science?
Harvard Business Review has said that being a Data Scientist is the sexiest job of the 21st Century. Now is your opportunity to become one!
In order to leverage all the data generated in our interconnected world, the new ‘data scientist’ career role has emerged. A recent study by The Tech Partnership and SAS UK, reports that the number of data science jobs in the UK grew 41% from 2012 to 2013, and estimates that by 2020 there will be approximately 56,000 job opportunities a year for data science professionals in the UK alone. The research also shows that there are serious skills shortages in data science at the moment, with recruiters reporting that 77% of data science positions were difficult to fill with the required skills. These shortages are driving up salaries, with data science professionals earning on average £55,000, 31% more than other IT professionals.
The Data Lab MSc courses prepare you for a career in Data Science, which could include a variety of roles in a broad range of industry sectors such as digital technologies, energy and utilities, financial services, public sector, healthcare, business intelligence, among many others.
The courses also prepare students for research careers by providing the skills necessary of an effective researcher, so interested students could potentially progress to PhD programmes.
5 Reasons to choose The Data Lab MSc programmes:
1. Enhancing Skills for Industry
As part of The Data Lab MSc you will receive supplementary technical and ‘business-ready’ skills education and training across a year-long challenge-driven learning programme. The Data Lab MSc is guided by the needs of Scottish industry to make sure you are equipped with the skills that organisations actually need so that you are perfectly placed to start your career following graduation.
2. Employment Facilitation
Industrial Placements: Students will have the opportunity to complete an industrial placement for their credit-bearing final project. Through these projects, students get the chance to apply their learnt skills to real life problems. The Data Lab will use its industry network to find paid placements for the cohort.
Mentors: The cohort will be matched with mentors from industry. Mentors support students on their learning journey and help build their network across Scottish industry.
Data Talent Scotland: This yearly event brings together employers and students. Attended by over 500 people in 2016, DTS promotes the recruitment of data talent to companies based in Scotland. Travel to this event is provided for the cohort.
3. Networking and community building
As part of The Data Lab MSc, you will be part of a student cohort that has access to joint events and activities designed to further your knowledge, expand your networks, and ultimately build a community of Data Science experts.
Scotland’s Data Science Community: You will join Scotland’s thriving data science community and will be invited to events across Scotland to learn from leading academics, innovators and business-people and to build your network for your future career.
Peer- Learning: We will bring together the cohort for a series of training events to supplement student’s learning. Events are industry-led and focused around practical group work in mixed university teams. These provide a platform to share learnings and ideas across institutions.
Business and Soft Skills Training: The training events programme will focus on developing skills such as critical thinking, data journalism and storytelling, presentation and public speaking and creativity. One example is a start-up/entrepreneurship ‘pitch’ day, judged by an industry panel.
Technical Challenges: The programme will also include hack-days where student teams compete to derive insights and ideas from real-live data.
4. Funding available
The Data Lab will fund 90 places across the 7 participating universities during the 2016/17 academic year. If you are a Scottish or EU student*, you will be eligible to have your tuition fees paid in full through this scheme. Funding is provided by the Scottish Funding Council (SFC) and is channelled by The Data Lab to participating universities. Each programme has an allocated number of funded places, which will be awarded on a first come, first serve basis, so make sure you apply as early as possible.
* According to the terms of the Scottish Funding Council (SFC), you are eligible to apply for a place if you have been living in Scotland for a continuous period of 3 years prior to 1 August 2016. Please not that this does not include residency for the purposes of study only.
5. The Data Science opportunity for Scotland
A recent EMC survey found 75% of firms in Scotland, against 57% in the UK as a whole, have the infrastructure to analyse both internal and external data.
Scotland is fortunate to have some of the best data in the world. Few other countries have the opportunity to link high quality, consistent data that has national coverage for public service improvement.
Where to Study?
The Data Lab MSc is a collaborative effort between 7 Scottish Universities and The Data Lab, with the aim of developing the data science talent and skills required by industry in Scotland. Through this collaboration, each university has developed an MSc program based on its own strengths and capabilities, with the support of The Data Lab to facilitate industry involvement and collaboration, and provide funding and resources.