MSc in Business Analysis and Consulting Program

Build, deploy and develop your analysis skills for consulting.

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  • Credits

    90 ECTS



The MSc in Business Analysis and Consulting is developed to equip participants with all the managerial and communication skills required to fully understand how sustainable performance can be achieved and how change can be implemented in a company.

The program is offered on a full-time basis and consists of 2 consecutive semesters of courses (September – May) followed by a professional experience (from June onwards). The curriculum is developed around core and elective courses and the structure is based on a mix of theory and practice.

During the courses, you will have to apply the concepts, models and theories covered, in case studies. Consequently, each course will help you to further develop your communication skills and your team working capabilities.

Course content




Consulting Tools


This course introduces students to consulting tools and methods, presenting consulting project activities and real-life examples using business cases. At the end of the course, the student should be able to :

Understand the nature and rigour of management consulting

Conduct fast and efficient analyses using the appropriate methods and tools

Appraise, plan and determine the roadmap of a project

Identify, analyse, negotiate and evaluate consulting opportunities

Observe patterns and become aware of the best practices in diverse market positions and structures

Recognise the critical factors constraining organisational performance by triangulating operational, market, organisational and cultural issues

Demonstrate executive writing and presentation skills

Manage the client relationships and effectively address problem situations

CSR and Communication Skills


At the end of the course, the student should be able to:

Identify the need for change and to implement the change

Lead a project successfully

Understand differences in communication based on MBTI – and ability to adapt communication accordingly

To have built a toolkit of phrases in communicating:
– in a meeting
– negotiating
-managing conflict
– legal terminology relating to contracts

Understand not only the language but the importance of using the correct form i.e. ‘diplomatic’ language

Learn how to express themselves and how to interact in a meeting

See personal progress

Ethics, Skills and Behavior


Understand the global context of business, key issues for business activity, as well as business’ social and environmental impact;

Develop a strategic, proactive vision that reflects social and environmental concerns while emphasizing competitive advantage, corporate value creation, innovation, and leadership;

Apply theory to practice by emphasizing how global businesses can potentially contribute to the creation of positive social change and to the development of a sustainable future.

In this perspective, the course could be structured around the following sequences:

Defining CSR and stakeholder management;

Designing and implementing a CSR strategy;

Communicating CSR through reporting and advertising;

Implementing CSR through responsible leadership;

Coping with ethical dilemmas in CSR.

Business Process Modeling


The course will begin with an exploration of the differences between the problem domain, the solution domain, and the metaphor domain, and the function of each domain. The importance of separation of the domains will be examined, as well as the necessity for communication between domains. The role of formal methods and how they relate to the domains will be briefly covered.The course then shifts to a focus on semi-formal and informal methods of requirements definition and their relationship to the three domains. The course then explores in detail several methods of semi-formal and informal specification, including UML diagrams (use case, activity, state, and sequence diagrams), object cubes, story cards, and the use of metaphor.

Managing and Leading the Professional Service Firm

Coming soon.

Quantitative Methods


Statistics for Consulting


At the end of the course, the student should be able to:

Select graphs and avoid mispresentation of data

Cross check data, identify outliers and solve missing data problems

Collect data using surveys and sampling methods

Understand the importance of wording and variable description

Master basic tools: correlation, box plot, distributions, payoff tables…

Select the relevant method: Baye’s analysis, confidence intervals, parametric and non-parametric tests… and be able to check assumptions (normality…)

Analyze numerical and especially categorical data

Master SPC/SQC: Pareto, Acceptance Sampling, Capability, Control charts, Decision Rules

Link statistics with management methods and quality tools such as the six-Sigma

Construct normal and standard form of an optimization problem and solve it

Use a professional software

Benchmarking and Performance Analysis


At the end of the course, the student should be able to:

To compute economic indicators in order to assess productivity and managerial performances of corporate firms

To analyze the distribution of productivity gains among stakeholders of corporate firms from accounting data

To apply economic tools to benchmark analysis of real world data



Managing People and Teams


At the end of the course, the student should be able to: This module investigates the investment in human resources and highlights the importance of human resource development (HRD) activities to an organisation’s ongoing performance. A variety of processes for determining the human resource development needs of employees and organisations will be considered. Design principles that establish HRD programmes and maximise their effectiveness will also be discussed. This discussion includes an evaluation of a variety of different HRD approaches. The course concludes with a discussion of key topical issues in human resource development.

Economics of Firm Strategy


This course explores challenging business problems facing managers and develops a set of analytical tools used to make strategic decisions based on economic principles. These tools are applied to analyze the determinants of a firm’s boundaries, the interaction between the firm’s internal organization and its external environment, the make-or-buy decision, the competitive structure of an industry, and the firm’s position within the industry. It enables managers to place their organizations with competitive advantage and to perform better than their competitors.

Project Management


According to the Project Management Institute (PMI), project management is the application of knowledge, skills, and techniques to execute projects effectively and efficiently. It is a strategic competency for organizations, enabling them to tie project results to business goals, and to better compete in their markets. In this course, students learn to:

Initiate a project.

Define a project planning.

Execute the project in line with budget, time, and scope requirements.

Control/manage the execution of a project.

Transfer the results of a successful project.

Next to general project management, students will also learn about project risk management. At the end of the course, the student should be able to:

Master risk management terminology.

Initiate and control the risk management process.

Define strategies to mitigate risks on project objectives.

International Business Strategy


At the end of the course, the student should be able to:

Have developed an understanding of the main strategy theories;

Be able to apply these concepts to organizations that operate in increasingly global markets;

Demonstrate a good command of international business and strategic management processes

Understand the mission, activities, goals and responsibilities of the principal functions and/or organizational units of companies acting in a global context;

Identify and discuss challenges and opportunities that globalization of markets poses to companies;

Identify and discuss the relevance of corporate social responsibility for companies that operate in international markets.

Change Management


The objective of this course is to make students knowledgeable about issues and opportunities in change management, and to give them instruments to analyze the obstacles, and how to overcome them, in order to act as change agents in their future company.The first part of the course is focused on understanding where resistance to change might come from, and how to diagnose problems that organizations might face when implementing new technologies or other type of change interventions. The second part of the course focuses on solution and best practices in change interventions.

Supply chain Management and Performance


The course objective is to cover the supply chain strategy and concepts and to give students a solid understanding of the analytical tools necessary to solve the supply chain problems. As a result, the goals and objectives are as follows:
This course will be coordinated with a similar class at a partner school, Richmond, VA, USA. One of the class assignments is an applied project which will be performed in teams which will be composed of members from University of Richmond and IÉSEG.

Describe how a company achieves strategic fit between its supply chain strategy and its competitive strategy

Identify the major drivers of supply chain performance, understand how they are related

Understand the trade-offs between different SC network

Apply the concepts to improve supply chain performance

Analyze a supply chain network, identify the problems and suggest improvement solutions focusing on the key drivers of the supply chain

Analyze global supply chain network design decisions in an uncertain environment

Develop skills and appreciation to the challenges and rewards of working in multi-cultural environments.

Generating Business Value with IT


While investments in information technology (IT) are constantly on the rise, representing more than 50% of capital expenditure and more than $2.7 trillion annually, extracting value from such investments has been fraught with difficulties. Different justifications have been offered for the lack of demonstrating clear value including IT mismanagement issues, lack of attention to the business processes that are directly impacted by the IT, appropriation of profits by consumers, and the use of the wrong tools to assess value. Overall, research has shown that there is significant variance in return on IT investments, indicating that IT is a risky business. We need to better understand why two firms that have the same IT types of IT investments extract different value. The key to such understanding is to closely examine how IT initiatives are managed. The course is comprised of two modules: (1) IT value creation, and (2) IT management. In the first module, we will discuss topics relating to the strategic role of IT and the business value of IT. In the second module, we will cover IT-based planning and business models, IT project management, outsourcing IT services, and IT innovation management. The course is concluded via a discussion of new IT challenges and the issue of big data.

Talent : Career Support Program


Audit & Finance


Financial statement analysis


At the end of the course, the student should be able to:

understand main Financial Statements: Balance Sheet, Income Statement and Statement of Cash Flows

understand the practical use of Financial Statements in a Company

understand the accounts through ratio analysis

analyze the information contained in Financial Statements

Management Accounting I (3 ECTS) & Management Accounting II (3 ECTS)


At the end of the course, the student should be able to:

Allocate the various resources of a project and control the budget :
– Define the planning and budgeting cycle and prepare a budget

Measure, plan, and monitor all areas of performance in a company :
– Define the concepts of Responsibility, Controllability, and Accountability in decentralized organizations
– Compute typical financial performance measures (ROI, EVA)
– Determine the limits of financial performance measures

Use Management Control Systems to effectively implement firm strategy :
– Determine the links between strategy and control
– Employ tools such as the Balanced Scorecard to deploy strategy
– Employ tools such as the Balanced Scorecard to deploy strategy
– Be aware of Management Accounting change in an organizational and institutional context


Introduction to Financial Data Analysis and Firm valuation

SAP for Business Process Management

Excel VBA

Hands-on Experience


Internship or work experience, thesis, or consulting project


4-6 month internship or work experience, thesis, or consulting project anywhere in the world

Entrepreneurship Addendum*


5 courses and a collaborative project:

*Students holding a 3-year Bachelor degree (< 210 ECTS) as their highest-level degree prior to entering the Master of Science program that wish to receive the state-recognized Master degree on top of their MSc degree, will have to successfully complete an additional semester on Entrepreneurship. This is linked to the fact that a state-recognized Master degree in France requires participants to accumulate at least 300 ECTS, Bachelor degree included. As the standard Master of Science represents 90 ECTS, the School organizes a one-semester “Entrepreneurship Addendum” of 30 ECTS to enable all enlisted students to achieve the required 300 ECTS. The cost of this additional semester equals 4.500€ extra.

Technology Entrepreneurship & New Business Development

Creative Business Modelling

Design Thinking

Innovation Management

Entrepreneurial Funding

French language classes

French language lessons

French language lessons for all levels are included in the program for international students. French is the mandatory choice for all non-French speaking students.

Zoom on… A careful mix of theory and practice

The MSc in Business Analysis and Consulting is based on a careful mix of theory and practice to prepare students to start a career as a consultant or business analyst. Professors teaching in the program have experience in consulting or related areas. Professionals are also invited as guest speakers in some courses to demonstrate how theory can be put into practice. Additionally, a series of seminars “Meet the Experts” is organized.

These seminars can be course-specific such as the seminar organized in the “Business Process Modelling” course or they can be program-specific. In this case, professionals assign students with a real-life scenario that requires them to put into practice what they have learned in the different areas of the program. It is a unique opportunity for the students to benchmark what their suggestions versus what is done by professionals.

Workshops and Corporate Events

Alongside the courses, the program includes various workshops and corporate events to further develop your personal and professional skills. These cover a range of topics, such as conflict management in cross-cultural environments and intercultural communicationz.
Our Talent program helps participants to establish their professional career plan by working on their skills, personal strengths, and using networking tools to be prepared to meet recruiters’ expectations internationally.


During their internship, students are able to combine theories of management with hands-on experience and apply the cross-cultural skills they have developed at IÉSEG.

Business Analyst, Project Manager, Consultant, Marketing Consultant, Technology Analyst or Pricing Analyst for example: the internship opportunities offered by the program at the end of the curriculum are multiple.

Some companies which hire our interns: Atos, Deloitte, KPMG, CWT, Sephora, Vinci, etc.

The internship can be undertaken in France or abroad. Most students have done their internships in France, in Europe or in Asia for example.


The opportunity to learn about concrete professional issues from business leaders and to gain exposure to the real-world experience of successful practitioners are key assets of this program. Students benefit from the collaboration with Hict, a management and consulting company in the healthcare market, to enrich their view on consulting. Hict sits on the Professional Advisory Board (PAB) of the MSc in Business Analysis and Consulting. Jan Demey, Managing Director of Hict, explains, “I’m convinced consulting is a multi-dimensional profession where soft and hard skills need to be combined in order to assist the customer in the realization of his or her ambition. This MSc program offers a set of skills needed to become a successful consultant. Combined with an internship to develop hands-on experience, we support this great program.” Demey shares the company’s expertise and insights on current trends with students through educational interventions. Hict also offers internships to IÉSEG students in their offices in Ghent, Belgium.

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