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Mathematics×

Masters Degrees in Operational Research

We have 56 Masters Degrees in Operational Research

Masters degrees in Operational Research cover the development and application of mathematical simulation models. These models can then be used to understand and solve problems within operational systems, deciding the correct human intervention.

Related subjects include Data Science and Business Analytics. Entry requirements typically include an appropriate undergraduate Mathematics degree.

Why study a Masters in Operational Research?

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This programme is an ideal opportunity to provide yourself with the analytic skill set necessary for success in finance and business. Read more

This programme is an ideal opportunity to provide yourself with the analytic skill set necessary for success in finance and business. From day one you will find yourself working with multinational organisations on case studies to develop your abilities in applied analytics and finance. Opportunities for summer projects in a wide range of industries are an integral part of the programme.

Full time study: This one year masters programme is suitable for numerate graduates. The MSc programme lasts for twelve months.

Part-time study: This scheme is suitable for numerate students who are qualified to enter the one year full time scheme but wish to study on a part time basis. Project work takes the special circumstances of a particular student into account.

The aim of the programme is to provide you with all the data analytics and optimisation skills required for a successful career in finance and other business organisations, therefore a wide spectrum of techniques and approaches are covered. For this reason staff from both the Mathematical Sciences and the Southampton Management School are involved with teaching on the MSc programme.

Programme objectives are: 

-to give you a thorough knowledge of the mathematical, financial, computational and communication skills needed for the practical application of Operational Research and finance

-to give you a broad appreciation of related disciplines important in Operational Research 

-to illustrate the use of Operational Research and finance tools in a wide range of applications. This part of the programme is not just descriptive since much of the application of Operational Research is best learned by active involvement. The 3-month summer project and computer workshops are designed with this in mind. In addition, seminars provide a forum for the discussion of practical Operational Research issues 

-to introduce you to research methods and current issues in Operational Research and finance

Introducing your course

The MSc in Operational Research and Finance at the University of Southampton will equip you with skills in revenue management, credit scoring, and financial risk management that are highly sought by employers, and this degree will give you a deep understanding of applied analytics and financial modelling that is applicable across the financial institutions.

The summer dissertation gives you an opportunity to develop your research skills, often in a commercial setting, and our industrial liaison team will work with you to find a project that suits your skills and ambitions.

Overview

What is Operational Research and Finance?

Operational Research is the application of scientific methods to the study of complex organisational problems. In this degree course, there is an emphasis on complementary financial studies. Even within the same organisation Operational Research and Finance tends to be highly varied because of its project-driven nature. This breadth of experience offers an exciting and rewarding career in many financial organisations, enabling many Operational Research workers to progress to a career in general management. Moreover the nature of the work brings an Operations Research and Finance graduate into early contact with senior management, and career advancement is typically rapid.

Why do an MSc?

An MSc is generally accepted as being highly desirable for starting and developing a career in OR and financial modelling. The MSc is also a good preparation for research work.

A highlight of the programme is the 3-month summer project. The student is usually placed with a nearby company and works on a real problem of practical importance to that company.

Environment

The Operational Research Group in Mathematics is a strong committed team of 11 lecturing staff and a number of research staff. The Group teaches a wide range of undergraduate and postgraduate courses, as well as undertaking consultancy work for outside organisations. Many of the staff are internationally known in their fields of research.

CORMSIS Business Advisory Board

This Committee is a good indicator of the high regard in which the Southampton MSc programmes involving Operational Research are held by outside organisations. Its purpose is to ensure that the MSc programmes produce graduates with the requisite skills for the needs of industry. It also provides a focal point for liaison between the Operational Research Group and industry. You have the chance to meet the Committee several times during the year. Major companies including Shell, British Airways, BAABTThe AADstl and HM Revenue & Customs are represented on the Committee.

View the programme specification document for this course



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This programme is an ideal opportunity to provide yourself with the analytic skill set necessary for success in business and industry. Read more

This programme is an ideal opportunity to provide yourself with the analytic skill set necessary for success in business and industry. From day one you will find yourself working with multinational organisations on case studies to develop your abilities in applied analytics. Opportunities for summer projects in a wide range of industries are an integral part of the programme.

Full time study: This one year masters programme is suitable for numerate graduates. The MSc programme lasts for twelve months.

Part-time study: This scheme is suitable for numerate students who are qualified to enter the one year full time scheme but wish to study on a part time basis. Project work takes the special circumstances of a particular student into account.

The aim of the programme is to provide you with all the data analytics and optimisation skills required for a successful career, therefore a wide spectrum of techniques and approaches are covered. For this reason staff from several other Schools in the University are involved with teaching on the MSc programme.

Programme objectives are:

-to give you a thorough knowledge of the mathematical, computational and communication skills needed for the practical application of Operational Research 

-to give you a broad appreciation of related disciplines important in Operational Research 

-to illustrate the use of Operational Research tools in a wide range of applications. This part of the programme is not just descriptive since much of the application of Operational Research is best learned by active involvement. The 3-month summer project and computer workshops are designed with this in mind. In addition, seminars provide a forum for the discussion of practical Operational Research issues 

-to introduce you to research methods and current issues in Operational Research

Introducing your course

Operational researchers play a fundamental role in the modern world, providing analytics and guidance to management teams. This MSc will equip you with the necessary skills and knowledge to provide effective solutions to complex organizational challenges in a business environment. You will study modules such as revenue management and forecasting and you will learn to use optimization techniques to enhance productivity. 

The summer dissertation gives you an opportunity to develop your research skills, often in a commercial setting, and our industrial liaison team will work with you to find a project that suits your skills and ambitions.

Overview

What is Operational Research?

Operational Research is the application of scientific methods to the study of complex organisational problems. Even within the same organisation Operational Research tends to be highly varied because of its project-driven nature. This breadth of experience offers an exciting and rewarding career in many organisations and in general management. Moreover the nature of the work brings an Operations Research graduate into early contact with senior management, and career advancement is typically rapid.

Why do an MSc?

An MSc is generally accepted as being highly desirable for starting and developing a career in OR. The MSc is also a good preparation for research work.

A highlight of the programme is the 3-month summer project. The student is usually placed with a nearby company and works on a real problem of practical importance to that company.

Environment

The Operational Research Group in Mathematics is a strong committed team of 11 lecturing staff and a number of research staff. The Group teaches a wide range of undergraduate and postgraduate courses, as well as undertaking consultancy work for outside organisations. Many of the staff are internationally known in their fields of research.

CORMSIS Business Advisory Board

This Committee is a good indicator of the high regard in which the Southampton MSc programmes involving Operational Research are held by outside organisations. Its purpose is to ensure that the MSc programmes produce graduates with the requisite skills for the needs of industry. It also provides a focal point for liaison between the Operational Research Group and industry. You have the chance to meet the Committee several times during the year. Major companies including Shell, British AirwaysBAABTThe AADstl and HM Revenue & Customs are represented on the Committee.

View the programme specification document for this course



Read less
This programme is an ideal opportunity to provide yourself with the analytical and statistical skill set necessary for success in industry, business or in the public sector. Read more

This programme is an ideal opportunity to provide yourself with the analytical and statistical skill set necessary for success in industry, business or in the public sector. From day one you will find yourself working with multinational organisations on case studies to develop your abilities in applied analytics and statistics. Opportunities for summer projects in a wide range of industries are an integral part of the programme.

Full time study: This one year master programme is suitable for numerate graduates. The MSc programme lasts for twelve months.

The MSc programme in Operational Research and Statistics provides students with the ideal skill set in mathematical modelling, experimental design, statistical analysis, and numerical computation. This programme also provides soft skills such as communicating results to managers/executives. These prepare students to pursue a wide variety of career opportunities in industry, business or in the public sector.

A highlight of the programme is the three-month summer project: it may be either in Operational Research or Statistics (or the interface between the two). You will have the option to bid for an external project which is usually based at a nearby company and requires working on a real problem of practical importance to that company. You also have the option to work on an internal project which might involve data from external sources. The MSc project consists of an individual investigation and is under the supervision of a member of staff. This project enables students to integrate and consolidate skills learned on the course (and to fulfil deliverables for the sponsoring company in the case of an external project).

In summary, the learning and teaching aims of the programme are:

1. To give you knowledge of operational research techniques and applied statistical theory and methods at an advanced level;

2. To train you for careers as either an operational researcher or as a statistician.

3. To enable you to develop oral and written communication skills.

4. To give you experience of applications of operational research and statistical methods.

Introducing your course

Operational researchers and statisticians play a fundamental role in the modern world. This MSc will equip you with the necessary skills and knowledge to provide effective solutions to complex organizational challenges. This includes all key stages of solving real-world problems:

-Providing analytical understanding the problem; possibly through designing experiments, collecting and visualizing data

-Mathematically formulating the problem and finding solution approaches

-Providing statistical analysis and computation

-Presenting and communicating the results

The programme contains compulsory modules that provide the foundation in both Operational Research and Statistics, and optional modules for students to specialise in these two areas (or to have a balance portfolio of them).

The summer dissertation gives you an opportunity to develop your research skills, often in a commercial setting, and our industrial liaison team will work with you to find a project that suits your skills and ambitions.

Overview

What is Operational Research?

Operational Research is the application of scientific methods to the study of complex organisational problems. It is concerned with applying advanced analytical methods to make effective decisions in strategic planning or operational planning, and build more productive systems.

What is Statistics?

Statistics is concerned with decision-making in the face of uncertainty, and lies at the heart of the type of quantitative reasoning necessary for making important advances in the sciences, such as medicine and genetics, and for making important decisions in business and public policy.

Why do an MSc?

An MSc is generally accepted as being highly desirable for starting and developing a career in OR. The MSc is also a good preparation for research work.

https://www.southampton.ac.uk/cormsis/mscsummerproject/index.page

A highlight of the programme is the 3-month summer project. The student is usually placed with a nearby company and works on a real problem of practical importance to that company.

Environment

The Operational Research Group and the Statistics Group in Mathematics are strong committed teams of 20 lecturing staff and a number of research staff. The Groups teach a wide range of undergraduate and postgraduate courses, as well as undertaking consultancy work for outside organisations. Many of the staff are internationally known in their fields of research.

The 2017 QS subject world rankings places Statistics and Operational Research at Southampton in the top 100.

CORMSIS Business Advisory Board

This Committee is a good indicator of the high regard in which the Southampton MSc programmes involving Operational Research are held by outside organisations. Its purpose is to ensure that the MSc programmes produce graduates with the requisite skills for the needs of industry. It also provides a focal point for liaison between the Operational Research Group and industry. You have the chance to meet the Committee several times during the year. Major companies including ShellBritish AirwaysBAABTThe AADstl and HM Revenue & Customs are represented on the Committee.

View the programme specification document for this course



Read less
Why this course?. Operational Research (called "Operations Research" in some parts of the world) has been briefly described as the "scientific analysis of decisions". It's concerned with assisting and advising decision-makers in a wide variety of settings. Read more

Why this course?

Operational Research (called "Operations Research" in some parts of the world) has been briefly described as the "scientific analysis of decisions". It's concerned with assisting and advising decision-makers in a wide variety of settings.

The MSc in Operational Research aims to realise the potential of graduates, so that you immediately can play an effective role in providing model-based support to managers helping them to make better decisions at an operational/technical level. 

You’ll develop a rigorous academic understanding of advanced analytical methods that are used to provide structured and analytical approaches to decision-making. You’ll also develop practical skills in using operational research models to support decision-makers.

You’ll study

All classes are taught using material presented via the internet. Classes are supported by faculty members who also teach on the full-time course. They will guide and support discussion via discussion forums.

The programme contains three stages. In progressing towards completion of the MSc students will undertake the following:

Postgraduate Certificate in Operational Research

This includes five compulsory classes and one elective class all of which can be completed fully online.

Compulsory classes:

  1. Foundations of Operational Research & Business Analysis
  2. Quantitative Business Analysis
  3. Managing Business Operations
  4. Spreadsheet Modelling & Demand Forecasting
  5. Operational Research Methods

Elective classes:

One optional class chosen from:

  1. Business Simulation Methods
  2. Risk Analysis & Management
  3. Decision Analysis
  4. Advanced Operations Research Modelling using specialist software tools

Postgraduate Diploma in Operational Research

After completion of the Postgraduate certificate two further elective classes and one compulsory class are required to be undertaken.

Compulsory class:

  1. Becoming an effective operational research modeller

Elective classes:

Two elective classes chosen from same list as for the Postgraduate Certificate.

If you wish to proceed to the Postgraduate Diploma you need to be in appropriate employment. The final decision as to what is "appropriate employment" remains with the University of Strathclyde. However, if your employment covers all of the following, you're likely to be in the correct type of post:

  • solving problems owned by someone else
  • ill-defined problems
  • working in teams
  • the opportunity to use a variety of Business Analysis techniques
  • your work has an influence on the operation of your organisations

Your employment should require some analysis of business situations, in the private or public sector. Samples of your work will form the basis of reflection and learning projects, guided by a personal mentor.

MSc in Operational Research

Students who complete the Diploma and gain sufficient marks to proceed to the MSc will be expected to undertake a project. The project will be integrated with your employment. You'll have individual personal mentoring to guide you in reflection and learning.

Technical requirements

To undertake this course you need to have:

  • Modern PC running Windows Vista or higher, web cam, headset with microphone
  • Minimum 2Mb/sec broadband connection
  • Microsoft Excel 2010 or higher

NB: Some of the course software is Windows-only and will not run under Linux or on Macintosh computers so use of a PC or PC-emulation software is essential if these operating systems are used.

Start dates

You can start the Certificate programme in October or April. The Diploma course usually runs between September and May, though there is some flexibility with this. It's followed by the project which has a flexible timetable.

Normally, a student should be able to complete the MSc programme in around two and a half years. Please contact us if you need advice about the best start date for you.

Learning & teaching

All classes are taught using material presented via the internet. Classes are supported by faculty members who also teach on the full-time course. They'll guide and support discussion via forums.

Assessment

Each module includes two pieces of assessment. Around half of these will be assignments and the other half will be by examination at local centres.

Careers

In the department, we have very good links with business and have hosted recruitment events for many companies including Barclay’s Wealth, British Airways, Deloitte, Morgan Stanley, Rolls Royce, Sopra and SIMUL8, to name a few.

The skills you learn in the MSc make you very marketable to potential employers. Other employers where our graduates have found work include Clydesdale Bank, HSBC, PWC, RBS, Roland Berger and the Scottish Government.



Read less
This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights, handling large data sets to managing investments and minimizing risks. Read more

This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights, handling large data sets to managing investments and minimizing risks. The skills of Operational Research (OR) and Data Science are in high demand.

The MSc in Operational Research with Data Science is a new, forward-looking programme that delivers high-quality training in operational research, optimization and statistics. Students will have strong technical skills in these areas and the ability to apply them using appropriate software.

This MSc programme delivers:

  • technical skills in operational research, optimization and statistics
  • practical skills in programming and modelling for a wide range of applications
  • communications skills in writing and audio-visual presentation

Programme structure

You need to obtain a total of 180 credits to be awarded the MSc. All students take courses during semester 1 and 2 to the value of 120 credits. Successful performance in these courses (assessed through coursework or examinations or both) permits you to start work on a three-month dissertation project (60 credits) for the award of the MSc degree.

Compulsory courses have previously included:

  • Fundamentals of Optimization
  • Fundamentals of Operational Research
  • Methodology, Modelling and Consulting Skills

Themed courses have previously included:

  • Introductory Applied Machine Learning
  • Bioinformatics 1
  • Machine Learning and Pattern Recognition
  • Statistical Methodology
  • Simulation
  • Object-Oriented Programming with Applications
  • Statistical Programming
  • Scientific Computing

Learning outcomes

At the end of this programme you will have:

  • flexible problem-solving skills based on deep knowledge of operational research, optimization, data analysis techniques and the ability to apply them using appropriate software
  • transferable skills to maximize their prospects for future employment, including writing, oral presentation, team-working, numerical and logical problem-solving, planning and time-management

Career opportunities

Graduates will gain the transferable skills required to pursue careers in a data-rich operational research environment, and will be in an ideal position to apply for work in a wide range of institutions in the public and private sector. The degree is also excellent preparation for further study in operational research, optimization or data science.

Industry-based dissertation projects

The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.



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Businesses, organisations, and individuals all strive to work as effectively as possible. Operational research uses advanced statistical and analytical methods to help improve the complex decision-making processes to deliver a product or service. Read more
Businesses, organisations, and individuals all strive to work as effectively as possible. Operational research uses advanced statistical and analytical methods to help improve the complex decision-making processes to deliver a product or service. Working in this field, you might be identifying future needs for a business, evaluating the time-life value of a customer, or carrying out computer simulations for airlines.

Our MSc Statistics and Operational Research will appeal if your first degree included mathematics as its major subject, and we expect you to have prior knowledge of statistics – for example significance testing or basic statistical distributions – and operational research such as linear programming.

You specialise in areas including:
-Continuous and discrete optimisation
-Time series econometrics
-Heuristic computation
-Experimental design
-Machine learning
-Linear models

Our interdisciplinary research recognises that mathematics, including what can be very abstract mathematics, is an essential part of research in many other disciplines.

Our Department of Mathematical Sciences has an international reputation in many areas including semi-group theory, optimisation, probability, applied statistics, bioinformatics and mathematical biology.

This course can also be studied to a PGDip level - for more information, please view this web-page: http://www.essex.ac.uk/courses/details.aspx?mastercourse=PG00808&subgroup=2

Our expert staff

Our Department of Mathematical is a small but influential department, so our students and staff know each other personally. You never need an appointment to see your tutors and supervisors, just knock on our office doors – we are one of the few places to have an open-door policy, and no issue is too big or small.

Our staff have published several well-regarded text books and are world leaders in their individual specialisms, with their papers appearing in learned journals like Communications in Algebra, Studia Logica, International Journal of Algebra and Computation, SIAM Journal in Optimization, IEEE Evolutionary Computation, Computers and Operations Research, Ecology, Journal of Mathematical Biology, and Journal of Statistical Applications in Genetics and Molecular Biology.

Specialist facilities

-Unique to Essex is our renowned Maths Support Centre, which offers help to students, staff and local businesses on a range of mathematical problems. Throughout term-time, we can chat through mathematical problems either on a one-to-one or small group basis
-We have our own computer labs for the exclusive use of students in the Department of Mathematical Sciences – in addition to your core maths modules, you gain computing knowledge of software including Matlab and Maple
-We host regular events and seminars throughout the year
-Our students run a lively Mathematics Society, an active and social group where you can explore your interest in your subject with other students

Your future

Our MSc Statistics and Operational Research will equip you with employability skills like problem solving, analytical reasoning, data analysis, and mathematical modelling, as well as training you in independent work, presentation and writing skills.

Your exposure to current active research areas, such as decomposition algorithms on our module, Combinatorial Optimisation, prepares you for further study at doctoral level. Graduates of this course now hold key positions in government, business and academia.

We also offer supervision for PhD, MPhil and MSc by Dissertation. We have an international reputation in many areas such as semi-group theory, optimisation, probability, applied statistics, bioinformatics and mathematical biology, and our staff are strongly committed to research and to the promotion of graduate activities.

We additionally work with our Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

Example structure

-Nonlinear Programming
-Combinatorial Optimisation
-Modelling Experimental Data (optional)
-Statistical Methods (optional)
-Stochastic Processes (optional)
-Applied Statistics (optional)
-Bayesian Computational Statistics
-Research Methods
-Dissertation
-Ordinary Differential Equations (optional)
-Graph Theory (optional)
-Partial Differential Equations (optional)
-Portfolio Management (optional)
-Machine Learning and Data Mining (optional)
-Evolutionary Computation and Genetic Programming (optional)
-Time Series Econometrics (optional)
-Panel Data Methods (optional)
-Applications of Data Analysis (optional)
-Mathematical Research Techniques Using Matlab (optional)

Read less
This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Read more

This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Operational Research (OR) is an important skill that is in high demand.

Our intensive programme allows you to specialise in an area that best suits your career goals. In addition to this general MSc in Operational Research, the following degrees are offered:

Programme structure

This programme involves two taught semesters of compulsory and option courses followed by your dissertation project.

Courses previously offered include:

Compulsory courses:

  • Fundamentals of Optimization
  • Fundamentals of Operational Research
  • Methodology, Modelling and Consulting Skills
  • Simulation
  • Stochastic Modelling

Plus two courses from:

  • Statistical Methodology
  • Probability and Statistics
  • Object-Oriented Programming with Applications
  • Statistical Programming
  • Scientific Computing
  • Python Programming

Optional courses are generally grouped into the following areas:

  • Finance
  • Industry
  • Optimization
  • Statistics

Career opportunities

The skills you will learn are in demand by a vast range of high-profile organisations including consultancy firms, companies with operational research departments such as airlines or telecommunications providers, financial firms and the public sector.

Recent graduates have joined British Airways, the Government OR Service, Barclays, Deloitte, Capgemini and smaller specialised OR, finance and energy companies.

Industry-based dissertation projects

The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.



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Postgraduate degree course in Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters/MSc. This programme is both technical and pragmatic. Read more

Postgraduate degree course in Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters/MSc:

This programme is both technical and pragmatic. You will acquire the ability to integrate state-of-the-art knowledge of statistics and optimisation to address, analyse and provide a rational appraisal of a given problem in different professional contexts. This is a multidisciplinary field that involves the study of mathematical optimisation techniques, operational research methods, programming and statistics with their applications to economics, finance, medicine, industrial management, natural sciences and others. The programme produces highly qualified students in statistics, operations research and econometrics with applications to economics and business management. The programme provides ideal preparation for a career in economics, health care, finance, banking, insurance, actuarial science, business management, governmental or academic institutions.

To be accepted onto this programme a high standard in a mathematically-based undergraduate degree must have been achieved, equivalent to a UK upper second or first class degree.

Course details

In the recent years, mathematical optimization and statistics have experienced significant new developments. With these developments, the system engineering, information science, signal and image processing, statistical error correction and cryptography are being revolutionised.

This has created urgent need, in both academic research and in practical implementation, for a new generation of mathematicians trained to work at the frontiers of mathematical optimization, statistics and their applications to engineering, healthcare, finance and economics.

Researchers at the University of Birmingham have recently shown how the modern optimization and statistical methods are successfully applied to engineering design, financial and economical data analysis, meta-analysis, economic equilibrium, network communication, and combinatorial optimization.

Related links 

Learning and teaching

In the Autumn and Spring semesters, you will take masters-level courses in both advanced theory and applications of operational research, optimization and statistics, as well as the courses in modern computational techniques and data analysis.

In the summer you will undertake a research project, working with research leaders in optimization, statistics and econometrics, alongside mathematics and computation. These courses and project will provide relevant training in quantitative analysis together with multidisciplinary research and communication, a transferable skill, for whichever career path the MSc (MORSE) leads you to. 

Employability

Career opportunities

The course modules and research project will provide you with essential training in quantitative analysis together with multidisciplinary research and communication, a transferable skill which you will find valuable whatever career path you

pursue. Our graduates benefit from a growing global demand for these skills in sectors including economics, medicine, finance, insurance and industrial management.

University Careers Network

Preparation for your career should be one of the first things you think about as you start university. Whether you have a clear idea of where your future aspirations lie or want to consider the broad range of opportunities available once you have a Birmingham degree, our Careers Network can help you achieve your goal.

Our unique careers guidance service is tailored to your academic subject area, offering a specialised team (in each of the five academic colleges) who can give you expert advice. Our team source exclusive work experience opportunities to help you stand out amongst the competition, with mentoring, global internships and placements available to you. Once you have a career in your sights, one-to-one support with CVs and job applications will help give you the edge.

If you make the most of the wide range of services you will be able to develop your career from the moment you arrive.



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This programme is designed to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions and become confident statistical analysts. Read more

This programme is designed to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions and become confident statistical analysts.

Overview

Our MSc in Operational Research and Applied Statistics aims to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions, and to become confident statistical analysts.

This course is ideal training and experience for those looking for career opportunities in areas such as Operational Research, management science, statistics, management consultancy, business analytics, supply chain management, government operational research/statistics.

You will undertake case studies and project work which will give you the opportunity to put your skills into practice and provides valuable experience of working in the field. The dissertation project, typically undertaken with an industrial partner, will allow you to work with complex data in a creative manner and a problem-solving environment, as well as to communicate your ideas and findings effectively

Learning and assessment

How will I be taught?

The methods of teaching we employ will vary from module to module, as appropriate depending on the subject matter and the method of assessment. We teach using a mixture of lectures, seminars, computer workshops and tutorials.

You will apply the skills you develop through presentations, research assignments, case studies and the summer project.

How will I be supported?

All of our students are allocated a personal tutor when they enrol on the course. A personal tutor is there to support you during your studies, and can advise you on academic and personal matters that may be affecting you. You should have regular meetings with your personal tutor to ensure that you are fully supported.

You will have access to the Trevithick Library, which holds our collection of mathematical and computer science-related resources, as well as to the other Cardiff University Libraries.

We will provide you with a copy of the Student Handbook, which contains details of each School’s policies and procedures. We also support students through the University’s virtual learning environment, Learning Central, where you can ask questions in a forum or find course-related documents.

Cardiff University also offers a wide range of support services which are open to our students, such as the Graduate Centre, counselling and wellbeing, financial and careers advisors, the international office and the Student Union.

Career prospects

This programme prepares you for a career in areas such as operational research, management science, statistics, risk analysis, financial modelling, actuarial risk and credit scoring, management consultancy, business analytics, supply chain management, government operational research /statistics.

Our School of Mathematics has well established and strong links with many employers of Operational Researchers and Applied Statisticians, who regularly offer projects and/or recruit our students.

If you prefer to continue on a more academic career pathway, you may choose to continue your studies with a PhD.



Read less
This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Read more

This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Operational Research (OR) is an important skill that is in high demand.

This MSc will give an Operational Research perspective on risk and its management.

Programme structure

This programme involves two taught semesters of compulsory and option courses followed by your dissertation project.

Courses previously offered include:

Compulsory courses:

  • Fundamentals of Optimization
  • Fundamentals of Operational Research
  • Methodology, Modelling and Consulting Skills
  • Simulation
  • Stochastic Modelling

Plus two courses from:

  • Statistical Methodology
  • Probability and Statistics
  • Object-Oriented Programming with Applications
  • Statistical Programming
  • Scientific Computing
  • Python Programming

As part of your option course choices Operational Research with Risk requires you to study a combination from a set of courses which, previously, has included:

  • Credit Scoring
  • Topics in Applied Operational Research
  • Risk and Logistics
  • Topics in Applied Optimization

Career opportunities

The skills you will learn are in demand by a vast range of high-profile organisations including consultancy firms, companies with operational research departments such as airlines or telecommunications providers, financial firms and the public sector.

Recent graduates have joined British Airways, the Government OR Service, Barclays, Deloitte, Capgemini and smaller specialised OR, finance and energy companies.

Industry-based dissertation projects

The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.



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This programme will help you develop professionally in the theory and practice of statistics and operational research (OR), providing the foundations for a successful career. Read more

This programme will help you develop professionally in the theory and practice of statistics and operational research (OR), providing the foundations for a successful career.

This programme will prepare you for work in areas such as the medical and health industry, government, the financial sector and any other area where modern statistical tools and OR techniques are used. You will also develop the wider skills required for solving problems, working in teams and time management.

You will be able to identify appropriate statistical or operational techniques, which can be applied to practical problems, and will acquire extensive skills in modelling using the packages R for Statistics and Arena for simulation.

Programme structure

This MSc consists of lecture-based courses and practical, lab-based courses. You will be assessed by exams, written reports, programming assignments and a dissertation project. The set of courses available is subject to review in order to maintain a modern and relevant MSc programme.

Previous compulsory courses for 2017-18:

  • Bayesian Theory
  • Fundamentals of Operational Research
  • Fundamentals of Optimization
  • Generalised Regression Models
  • Methodology, Modelling and Consulting Skills
  • Simulation
  • Statistical Programming
  • Statistical Research Skills

Previous optional courses for 2017-18 include:

  • The Analysis of Survival Data
  • Bayesian Data Analysis
  • Biomedical Data Science
  • Credit Scoring
  • Genetic Epidemiology
  • Incomplete Data Analysis
  • Integer and Combinatorial Optimization
  • Large Scale Optimization for Data Science
  • Machine Learning Practical
  • Nonparametric Regression Models
  • Operational Research in the Energy Industry
  • Python Programming
  • Risk and Logistics
  • Scientific Computing
  • Statistical Consultancy
  • Stochastic Modelling
  • Time Series
  • Topics in Applied Operational Research
  • Topics in Applied Optimization

Career opportunities

This programme is ideal for students who wish to apply their statistics and operational research knowledge within a wide range of sectors including the medical and health sector, government and finance. The advanced problem-solving skills you will develop will be highly prized by many employers.

Industry-based dissertation projects

The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.



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This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Read more

This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Operational Research (OR) is an important skill that is in high demand.

This MSc will give an Operational Research perspective on computational optimization.

Programme structure

This programme involves two taught semesters of compulsory and option courses followed by your dissertation project.

Courses previously offered include:

Compulsory courses:

  • Fundamentals of Optimization
  • Fundamentals of Operational Research
  • Methodology, Modelling and Consulting Skills
  • Simulation
  • Stochastic Modelling

Plus two courses from:

  • Statistical Methodology
  • Probability and Statistics
  • Object-Oriented Programming with Applications
  • Statistical Programming
  • Scientific Computing
  • Python Programming

As part of your option course choices, Operational Research with Computational Optimization requires you to study two from a set of courses which, previously, has included:

  • Large Scale Optimization for Data Science
  • Integer and Combinatorial Optimization
  • Topics in Applied Optimization.

Career opportunities

The skills you will learn are in demand by a vast range of high-profile organisations including consultancy firms, companies with operational research departments such as airlines or telecommunications providers, financial firms and the public sector.

Recent graduates have joined British Airways, the Government OR Service, Barclays, Deloitte, Capgemini and smaller specialised OR, finance and energy companies.

Industry-based dissertation projects

The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.



Read less
A unique MSc degree aimed at those who wish to study in greater depth risk models, particularly for applications to financial markets, but also to other sectors. Read more

A unique MSc degree aimed at those who wish to study in greater depth risk models, particularly for applications to financial markets, but also to other sectors.

Overview

Our MSc in Operational Research, Applied Statistics and Financial Risk aims to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions, and to become confident statistical analysts.

This course is ideal training for those who wish to study, in greater depth, risk models, particularly for application to financial markets but also to other sectors. 

You will undertake case studies and project work which will give you the opportunity to put your skills into practice and provides valuable experience of working in the field. The dissertation project, typically undertaken with an industrial partner, will allow you to work with complex data in a creative manner and a problem-solving environment, as well as to communicate your ideas and findings effectively.

Learning and assessment

How will I be taught?

The methods of teaching we employ will vary from module to module, as appropriate depending on the subject matter and the method of assessment. We teach using a mixture of lectures, seminars, computer workshops and tutorials.

You will apply the skills you develop through presentations, research assignments, case studies and the summer project.

How will I be supported?

All of our students are allocated a personal tutor when they enrol on the course. A personal tutor is there to support you during your studies, and can advise you on academic and personal matters that may be affecting you. You should have regular meetings with your personal tutor to ensure that you are fully supported.

You will have access to the Trevithick Library, which holds our collection of mathematical and computer science-related resources, as well as to the other Cardiff University Libraries.

We will provide you with a copy of the Student Handbook, which contains details of each School’s policies and procedures. We also support students through the University’s virtual learning environment, Learning Central, where you can ask questions in a forum or find course-related documents.

Cardiff University also offers a wide range of support services which are open to our students, such as the Graduate Centre, counselling and wellbeing, financial and careers advisors, the international office and the Student Union.

Career prospects

This programme prepares you for a career in areas such as operational research, management science, statistics, risk analysis, financial modelling, actuarial risk and credit scoring, management consultancy, business analytics, supply chain management, government operational research /statistics.



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There is barely a field of modern society, business and government that does not rely on operational research to help with major decisions and problems and the quest to be as efficient as possible. Read more
There is barely a field of modern society, business and government that does not rely on operational research to help with major decisions and problems and the quest to be as efficient as possible. It’s a technique that helps to determine everything, from the layout of equipment in a factory with the aim of reducing manufacturing time, or the setup of telecommunication networks with the aim of maintaining service during outages, to bus routes or the flow of water from reservoirs.Operational research involves a huge variety of mathematical and analytical tools, from simulations and optimisations to the likes of queueing theory and neural networks, and is an area in which a great deal of academic and industrial research is continually being carried out.

At Middlesex we have very strong links with industry and our focus is on not only helping you to become an expert in the theory, but giving you the skills and experience that are in demand with employers. During the course you will be tasked with solving real-world problems and evaluating their impact in business, government and industry – at the end you’ll work on an independent project and dissertation and our intention is that you’ll base that in industry too. We work in partnership with software company LAMA, who offer internships and projects for our students.

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Learn how to overcome the major challenges facing industry, business and the public sector today, and influence the decision-making processes of the future. Read more

Learn how to overcome the major challenges facing industry, business and the public sector today, and influence the decision-making processes of the future.

  • Gain a solid theoretical foundation and quantitative skills, alongside practical problem-solving techniques
  • Apply your knowledge to real-life scenarios using case studies, individual and team consulting-based assignments, presentations and software tools
  • Use SAS Enterprise as part of the `Data Analytics for Business Decision Making' unit. SAS sponsor a coursework prize for this project
  • Choose from a broad range of options to meet your interests or career aspirations
  • Prepare for a career in consultancy, finance, retail, manufacturing, government analytics units, defence, IT systems, outsourcing and telecoms.

Special features

We run a core module on Data Analytics which will introduce students to SAS Enterprise. A coursework prize for this project will be sponsored by SAS.

Recent highlights included a case study run by British Airways, a presentation from SAS on the Future of Analytics and ongoing dissertation projects with Unilever and LBM.

Coursework and assessment

Assessment varies depending on course units taken. It may include a combination of course work, group project assessment and presentations, report, assignments, in-class tests and examination. The dissertation normally ranges between 12,000 and 25,000 words.

Course unit details

During the course you will be taking 180 credits in all. The eight taught modules during semester one and two total 120 credits and consists of both compulsory and optional taught units which can be viewed in the list below.  

The core courses unit introduce you to mathematical principles and practical tools for Optimization, Decision Making, Data-Mining, Statistical Analysis, Simulation and Risk Analysis. Specific software packages include SAS, SPSS, Minitab, AMOS, Eviews, Excel, Excel Solver, SIMUL8, iThink, Risk Solver, IDS.

Over the summer period, you will carry out your Research Dissertation, worth 60 credits. Examples of recent dissertation project topics include:

  • Web analytics for evaluating online user experience
  • Capacity management of product test equipment
  • Risk management in the hotel industry 
  • Equity forecasting using ARIMA and neural networks
  • Predictive modelling: A case study for selling additional contracts to existing customers in the telecommunications industry

Scholarships and bursaries

Contact us for further information on scholarships available .

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: 

Career opportunities

There are many potential career roles for postgraduates with an understanding of analytical approaches in business and management - including job titles such as operational research analyst, systems analyst, risk analyst, financial analyst, performance analyst, business analyst, marketing analyst, business modeller, and operations, logistics, production, project, risk, quality, performance, or general manager. Employers include general and specialist consultancies, the finance, retail and manufacturing sectors, government analytics units, defence and major 'solution providers' in IT systems, outsourcing and telecoms.

In many of these areas an MSc is generally accepted as highly desirable for developing an initial career in the field. In addition to preparing you for specialist professional work, the course is also a valuable preparation for further study and for research degrees.

More details on our Careers Service.

Latest information on visa changes and opportunities in the UK for international students.



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