In this module, you will gain a complete introduction to machine learning for managers or critical consumers of projects with machine learning components. You will critically analyse techniques used to forecast the state of the economy, such as inflation and the risk of recession.
You will also discuss the special ethical challenges that arise in banking, including issues related to data privacy associated with machine learning and AI. You will learn how to visualise data and how to apply machine learning techniques for regression, classification, and clustering.
We will move from the fundamentals of computer programming to implementing state-of-the-art neural networks. Through this module, you will gain hands-on experience designed to acquaint non-specialists with current machine learning techniques, using the R programming language.
Built with industry professionals in mind and delivered by academics from Warwick Business School alongside policy experts from the Bank of England, and beyond. Our faculty are constantly striving for excellence in everything they do, from the latest ground-breaking research impacting society, to inspiring our participants.
"Machine learning is shaping how, amongst a range of other factors, financial institutions forecast risk and set policy. This module gives banking professionals the technical fluency to build, interpret, and test these models themselves. Participants leave able to code in R, systematically evaluate predictive performance, and judge appropriate uses of machine learning."
No deposit is due and payment will be due on invoice. The invoice will be issued a week before the start of your module.
WBS scholarships are designed to promote excellence as well as support diversity and inclusion. This helps to create a rich learning environment within each of our cohorts to ensure your learning experience at WBS is maximised.
We have merit-based scholarship funding available to strong candidates for up to 25% of the tuition fees. Scholarships are awarded on an ongoing basis, so applying early may give you a stronger chance of being successful.
If you're self-funding or partially employer-funded, and are interested in applying for a scholarship, you will need to submit a written statement (up to 500 words) with your application outlining why you believe you should be awarded a scholarship, taking the elements listed below into consideration.
As part of the collaboration between WBS and the Bank of England to support technical co-operation and to create a constituency for good financial regulation, we are pleased to offer a number of 66% tuition‑fee bursaries for our Postgraduate Awards. These bursaries are available to eligible candidates working in central banks or regulatory bodies.
The bursaries are available for all upcoming intakes, and applicants may choose any module leading to a Postgraduate Award qualification.
For more information on our bursaries and how to apply, please reach out to us at onlinemasters-info@wbs.ac.uk.
Download our bursary brochure.
Deadlines for June 2027 bursary application: 6 April 2027
We are delighted that you are interested in studying with us. We recommend you apply early as demand for this programme is high and if you wish to be considered for a scholarship an early application is advisable.
If you want to understand whether you will meet our entry requirements then you can submit your CV to onlinemasters-info@wbs.ac.uk for a pre-check.
Please note: If you have previously studied for a Postgraduate Award on the Global Central Banking and Financial Regulation programme, and would like to undertake a further module, or build up to a higher qualification level, then you do not need to submit a new application. Simply email us at onlinemasters-info@wbs.ac.uk and let us know which module you would like to study next and we will begin the process.
Application deadlines for Data Science, AI and Machine Learning
(June 2027 intake)
Round 1 – Monday 1 March 2027
Final – Monday 3 May 2027
Meet us either online or in-person to discuss your career plans and whether a Postgraduate Award is right for you. If you want to understand whether you will meet our entry requirements then you can submit your CV to onlinemasters-info@wbs.ac.uk for a pre-check.
Follow our top tips for writing your application and include references, CV, transcripts, and statement of purpose.
Submit your application through Warwick Business School’s application portal.
Once you’ve submitted your application with all supporting documents the processing time is usually between 4-8 weeks, however please be aware that processing times do vary and may take longer during busier periods.
If your application is approved, the University will make an official offer of a place on the course. There will normally be a time limit to accept this.
Offers may be conditional on you meeting academic, language, or other requirements. Don't worry about this - many students have conditional offers. Once you have met your conditions, the offer will automatically be made unconditional.
To accept your place on the programme, you must respond by returning the Offer Response form by the deadline stipulated in your Offer Letter.
You will receive an email from the enrolment team 4-6 weeks before your course start date or within a week of accepting your unconditional offer, detailing the tasks you need to complete as part of your enrolment.
Applications are handled via our online application system. You will need to fill out the application form and provide evidence of the prerequisite requirements that are relevant to you.
Your file will be reviewed by the Selection Committee and depending on which qualification level you apply for, you may be invited to a video interview. The interview is used to inform the Selection Committee and enables us to better understand what you want to achieve and to make sure we can offer what you are looking for. If you have been successful you will receive an offer letter and be required to complete the offer response form within the deadline stated on your letter.
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