Data Science is one of the fastest growing fields, which has marked the dawn of digital transformation around the world. Every day, a humongous amount of data is produced, which needs to be evaluated, processed and analysed to extract structured and meaningful information. And only professional Data Scientists and Data Analysts can perform this task perfectly. To meet the growing demand of industries, the study of Data Science is gaining popularity worldwide, especially at UK universities. Owing to this fact, some of the best UK universities are offering various postgraduate courses in Data Science to both national and international students.
Why study Data Science masters in the UK?

You can experience the following benefits by studying master’s courses in Data Science from the UK University:

• The UK houses some of the best universities in the world, following high education standards, equipped with world-class learning facilities, and offering a job-oriented curriculum with excellent placement options.
• The UK is one of the best study abroad destinations to study Data Science due to the presence of world-renowned AI companies (Oxbotica, DeepMind, FiveAI and BenevolentAI).
• A recent study reported the highest increase of 35% in the salary of Data Engineers in the UK in the last few years, making it one of the most rewarding career options in the country.

It is crucial to choose a reputed UK university for pursuing higher studies in Data Science.
Best universities to study Data Science courses in the UK
The Data Science programs offered by the UK universities encompass different interdisciplinary fields such as Big Data Technologies, Artificial Learning, Machine Learning, Data Science and Analytics and Health Data Analytics, to name a few. Here are the top 5 universities in the UK offering Data Science programs, along with their rankings, popular courses and duration:

S. No.	University	QS World University Rankings 2022	Times Higher Education (THE) World University Rankings 2022	Popular Courses	Course Duration
1	University of Oxford	3	1	MSc in Social Data Science	10 months (Full-time)
2	Imperial College of London	8	12	MSc Statistics (Data Science)	1 year (Full-time)
3	University of Edinburgh	16	30	MSc in Data Science	1 year (offered both in Full-time and Part-time)
4	University of Manchester	27	50	MSc Data Science (Business and Management)	1 year (Full-time)
5	University of Warwick	61	78	MSc Data Analytics	1 year (Full-time)

If you aspire to study in any of the aforementioned UK Universities, apply for aneducation loan for abroad studyand finance your education independently. At Avanse Financial Services, we offer customised education loans to deserving candidates in the most hassle-free manner.
Eligibility criteria
When you choose the UK as your study abroad destination for pursuing a master’s in Data Science, it is necessary to meet the eligibility criteria. Some of the general requirements necessary to fulfil by international students are:

• Undergraduate degree in computer science (CS) or relevant discipline
• 2:1 undergraduate degree or minimum 60% at bachelor’s level
• Academic documents (like mark sheets and certificates of previous institutes)
• 2 or 3 Letters of Recommendation
• Statement of Purpose
• Experience Letter
• Proof of funds
• Identification documents like passport
• Proof of English proficiency scores (IELTS, TOEFL or PTE)

Important Note: The eligibility criteria may vary from one UK university to another. Therefore, check the university-specific and course-specific requirements before applying for the MS program in Data Science.
Career and scope
Many studies reveal that the demand for Data Science professionals across the globe is at an all-time high. As per the report “Dynamics of Data Science Skills”, the demand for Data Engineers and Data Scientists in the UK has increased to 231% in the last five years”. Thus, it is one of the fastest-growing fields with endless job opportunities in multiple sectors. The courses from the well-reputed UK university are globally recognised and can take your career to great heights.
The skills that international students will gain after studying Data Science courses in the UK will unlock multiple opportunities in positions such as:

• Data Scientist
• Big Data Analyst
• Research Data Scientist
• Quantitative Analyst
• Statistical Data Scientist

So, what are you thinking now? Are you facing any financial issues? If yes, then no need to be disheartened as an education loan for abroad study offered by Avanse Financial Services will realise your dream. Connect with us today to know the eligibility criteria and other important information related to education loans.

Students opt for higher education to gain expertise in their preferred domains and to develop their skills to be career-ready. Hence, they opt for an MS degree to scale great heights in their career. The US is one of the popular study abroad destinations among students who want to enrol for MS courses. As per the IIE Spring 2022 Snapshot Survey, higher education institutions in the US have witnessed increased international student applications in 2022 as compared to the previous.
Since higher studies can be expensive, most students opt for education loans to finance their MS degree. So, before we learn about the student loans for MS in the US, let’s get to know popular courses and universities.
Some popular courses available in the US – a popular study abroad destination

• MS in Computer Science
• MS in Management Information Systems
• MS in Game Design and Game Development
• MS in Petroleum Engineering
• MS in Computational Data Science
• MS in Electrical Engineering
• MS in Finance
• MS in Business Analytics

Some popular universities in the US for MS

• Harvard University
• Massachusetts Institute of Technology,
• Arizona State University
• Stanford University
• The University of Illinois
• Northeastern University

Can I get an education loan for MS in the US?
Most financial institutions offer student loans to pursue an MS degree from popular US universities. It is advisable to check with your lender to understand if they approve your chosen course and university before applying for an education loan.
Types of loans

• Education loan for MS to study in the US – Secured loan (with collateral)

 

When you provide an asset or collateral against your education loan as a security, it is a secured loan. You can opt for a secured loan if you are willing to provide security.

Some assets that can be provided as collateral:

• Residential property
• Fixed deposit
• Life insurance
• Non-agricultural land

• Education loan for MS to study in the US – Unsecured loan (without collateral)

 

If you don’t have any collateral to offer against the student loan, don’t be disheartened as you can opt for an unsecured loan to finance your higher education.  

Eligibility criteria                                                    
Students who want to opt for an education loan for abroad studies must check out the basic eligibility criteria before commencing the application process.

• For students:
• Indian citizens who are 18 or older
• Should have a confirmed admission before the final disbursal
• Should have a co-borrower who earns in India

• For Co-applicant
• Should be an Indian citizen and should be a parent, legal guardian, sibling or other blood relative
• Should have a bank account in India that allows them to sign cheques

Other parameters
If you are planning to study in the US, especially the MS courses, you will be required to take entrance exams such as IELTS, TOEFL, GRE, and more. Please remember the score in this exam and your previous academic performance will play a crucial role in your education loan application process. Your lender will evaluate your employability potential based on certain parameters to ensure you repay your education loan, and your academic qualification will greatly impact it.

• Some parameters that will be used to evaluate your employability potential
• Entrance exams score
• Academic scores
• Pedigree of university/college and course
• Location of your preferred university
• Study abroad destination

So, this is what you must know about education loans if you are planning to pursue an MS in the US. At Avanse Financial Services, we understand the significance of your study abroad aspirations, and hence, we offer 100% finance, quick loan sanctions, flexible repayment options and more benefits. If you have any queries, please feel free to connect with us.