MSc Business Analytics: Operational research and risk analysis
MSc Business Analytics:

Operational Research and Risk Analysis

Business Analytics: Operational Research and Risk Analysis

About the course

Course description

Course module details  

Learn how to overcome the major challenges facing industry, business and the public sector today, and influence the decision-making processes of the future. This course gives you the cutting edge analytical approaches, methodologies and tools you need to confidently tackle problems and improve outcomes.

It allows you to specialize in a diverse range of areas including

  • Consulting skills
  • Big data and web analytics
  • Information systems concepts and tools
  • Decision behaviour and psychology of decision making
  • Financial modelling
  • Operations management and process change and improvement approaches
  • Project management
  • Supply chain management, logistics and procurement
  • Traditional operational research and applied mathematics and statistics

The aim of the course is to give students a solid quantitative foundation alongside practical problem-solving techniques. Much of your learning involves real-life scenarios using case studies, individual and team consulting-based assignments, presentations and software tools.  Much of the coursework takes the form of consulting-style cases, some done in small teams and including presentations.

The core of the course is formed by four analytics units covering fundamental toolkit areas of decision sciences, applied operational research and statistics. The approach is to consider application of these analytical methodologies and toolkits to common problem areas across business and management.  You then chose four other units from a broad range of options, according to your interests, background and intended career directions.


The course is intended to provide management, engineering, science, mathematics, economics or similar graduates who have a solid quantitative foundation with deeper analytical skills and an understanding of how these are applied to business and management problems.

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.

Course units details

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

Compulsory course units include: 

  • Mathematical Programming and Optimisation;
  • Applied Statistics and Business Forecasting;
  • Simulation and Risk Analysis;
  • Data Analytics for Business Decision Making; 
  • Risk, Performance and Decision Analysis. 

A range of optional units is available from a wide range of areas, depending on availability and timetabling, and students' with a suitable background. 

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.

Open days

Our next open day for postgraduate taught study will take place on Wednesday, 23 November 2016. It's a great opportunity to come and see us and experience what it is like to study at Alliance MBS.

At our event, we'll have an alumni panel who'll be describing their experiences and how their course helped them in their careers, a taster lecture and the chance to meet academic and admissions staff and current students.

Further details about registration and the schedule for the open day will be posted here soon.

Take a look at the  open day programme  from the last event.

Events round the world

We take part in events both at home and around the world, and we'd be delighted to meet you in your country . If you are visiting Manchester, you are also welcome to organise a personal visit .

Disability support

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

2015 course profile These figures are for 2015 entry and can vary each year.

Male Female
Age range: 21-39
Nationalities: 9

Career prospects

Access to more than 4,500 UK and global employers

Recent recruiters include:

Prudential logo IBM logo Avis logo Standard chartered logo