graphs and charts with a pen

The demand for specialists in data analytics is growing. Organizations worldwide continue to realize the potential of harvesting data to gain a competitive edge. 

Up your game with our Certificate in Business Decision Analysis. Learn to identify and define particular business issues, ask the right questions, and use quantitative analysis to support your organization’s business goals. Grounded in statistics, mathematics, and computer modeling, this program is designed to develop your skills in effectively using quantitative data for managerial decision-making, across the organization, to improve business outcomes. 

This program:

  • offers both online and in-class learning
  • is eligible for OSAP
  • is comprised of degree credit courses
  • offers students the opportunity to apply all, or most, of the credit earned through the certificate as transfer credits to a Bachelor of Commerce program at Ryerson or at other universities (subject to admission and the requirements of the degree to which you are applying)

What Will You Learn? 

  • Describe, summarize, present, and analyze statistical data to support business decision-making
  • Ask the right questions to identify and define particular business issues, then leverage data from across the organization to improve business outcomes 
  • Create data collection and management strategies to support business decision-making
  • Use data to develop priorities for investing limited resources to the best advantage
  • Analyze business problems using model formulation and problem-solving techniques
  • Apply the more widely used time-series forecasting techniques and understand the practical problems of forecasting (data acquisition, model selection, and the interpretation of results) 

Who Should Take This Certificate? 

  • You want to add valuable skills in data analytics to your current professional practice.
  • You are a recent graduate looking to increase your competitiveness on the job market by complementing your degree with skills in data analytics.
  • You work in a sector (health, finance, retail) or job function (human resources) in which data analytics is increasingly driving business outcomes and you require a better understanding to excel in your role or be promoted.

Who Teaches the Courses?

Our instructors have extensive education and professional experience in data analysis for business decision-making. 

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Industry and Careers 

A career area wheel showing risk, operations, marketing, strategy, fraud/compliance, quality management, forecastingFor strategic decision-making, businesses don’t just need “big” data, they need “good” data.

In our increasingly data-driven world, analytics are regarded as a basic requirement for business planning, cost management, market research, and customer insight. Employers in every sector – from retail to finance to technology - hire analytics specialists to help solve business problems.

Our career wheel demonstrates a variety of areas that are integral to business success and that you could pursue upon completion of this certificate program.

Testimonial

“I had always wanted to be a lawyer...until I started working in a law firm. I had completed an undergraduate degree in History and written the LSAT but I just didn’t find law exciting and I could not see myself working as a lawyer in the future. 

Now what? The thought of going back to school gave me some reassurance; knowing I could still learn new skills and prepare for a new career was what I needed at a very uncertain time.

I liked the idea of social media and marketing. I realized the potential that online forums and chat groups could have on a company’s brand. The Chang School offered the standard of education that a University like Ryerson is known for. Specifically, the Business Decision Analysis certificate program pushed me out of my comfort zone to tackle statistics and economics - topics that both scared and intrigued me. Thanks to the kind people at the tutoring centre, I passed with flying colours. This service is free for all Ryerson students, Chang School included!

While at The Chang School, I also got involved as the Marketing Coordinator for an international sailing event, which enabled me to expand my network. As part of my final project in a certificate course, I created a two-year marketing campaign for the sailing event. Through this experience, I combined my new skills in business statistics with marketing metrics and analysis. I also met someone who recommended that I apply for a sales job at an IT firm. After that, as they say, the rest is history!”

Robyn Ross
Territory Sales Division Manager, Softchoice

Frequently Asked Questions

Which combination of required courses should I take? 

You cannot mix and match required courses – you will either take two CQMS courses or two CMTH courses to begin the certificate.

CQMS 102 and CQMS 202 teach statistics within the business context, rather than taking a generalized math approach. They are also the prerequisites for most of the electives in the program, so by taking them you will be able to register directly in the electives requiring these prerequisites. However, the CQMS 102 and CQMS 202 prerequisite will be waived if you have taken the CMTH combination. In this situation, you should contact the Academic Coordinator and upon verification that you have successfully completed the CMTH courses, you will be given permission to register. 

What are the prerequisites for the courses?

Here is a table showing the prerequisites for each course:

COURSE

PREREQUISITE

Required Courses

CQMS 102 - Business Statistics I

None

CQMS 202 - Business Statistics II

CQMS 102

OR

CMTH 380 - Probability and Statistics I or

CMTH 304 - Probability and Statistics I

None

CMTH 310 or CMTH 240 or CMTH 231

CMTH 404 - Probability and Statistics II

CMTH 304 or CMTH 380

Electives (choose four)

CGMS 422 - Quality Management

CQMS 202 (or CMTH 404 with permission)

CIND 123 - Data Analytics: Basic Methods

None

CITM 501 - Decision Analysis

CQMS 102 (or CMTH 380 or 304 with permission)

CQMS 442 - Multiple Regression for Business

CQMS 202 (or CMTH 404 with permission)

CQMS 521 - Business Optimization

CQMS 202 (or CMTH 404 with permission)

CQMS 703 - Business Forecasting Techniques

CQMS 202 (or CMTH 404 with permission)

Note: Students who have completed the CMTH required courses should contact the Program Coordinator, Melissa Johnson at m1johnso@ryerson.ca to gain entry into an elective course with CQMS 102 or CQMS 202 prerequisites.

Which electives should I take first?

Once the required courses are completed, you may choose courses - in any order - that match your professional goals. Regardless of whether you take the two required CQMS courses or the two CMTH courses, if you successfully complete CIND 123 as your third course, you will be eligible for a Professional Development Award.

What is the advantage of a Professional Development Award?

You can achieve a Professional Development Award on the way to earning your certificate by completing either set of required courses (CQMS 102 and 202) or (CMTH 380 or 304 and CMTH 404) plus CIND 123. 

Professional Development Awards (also known as Course Series) enable you to earn a credential on your way to completing the certificate so you can add something to your resume sooner. Another advantage is that students who want to take three or four courses in a specific skill area, but not an entire certificate, can be recognized for their achievement through a Professional Development Award. 

Certificate Requirements

  • 2 required courses
  • 4 electives
  • Cumulative grade point average (GPA) of 1.67+

Supplies to be purchased by the student: 
A calculator with specialized statistical features is integral to many Quantitative Methods courses. Software and calculator specifications will be announced at the first class.

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Admission Criteria

Recommended:

  • Ontario Secondary School Diploma (OSSD) or equivalent
    • With 6 Grade 12 U or M credits (including Mathematics)

OR

  • Mature student status with relevant professional experience in business
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Professional Development

Professional Development Award: Applied Analytics and Statistics for 21st Century Decision-Making requires completion of three courses: CIND 123 and (CQMS 102 AND CQMS 202) or ((CMTH 304 or CMTH 380) and CMTH 404).

Awards and Financial Aid

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Contact Us

Questions? Contact Clare Chua, Academic Coordinator.

Email:  cchua@ryerson.ca

Additional Details

Courses

You must select either ((CMTH 304 or CMTH 380) and CMTH 404) OR (CQMS 102 and CQMS 202). Course selections may not be combined from both groups.