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.

Aims

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

Masters information sessions

We are hosting a series of informal information sessions for undergraduates who are thinking about pursuing a masters course at Alliance Manchester Business School.

Our Masters courses aren't just for business graduates - from business analytics to operations, and marketing to finance, we have 17 courses to choose from. Join us to meet a careers advisor, admissions staff and current students and discover how our courses can boost your career prospects.

Also, a number of graduates have the opportunity to progress directly onto the Full-time MBA programme as a Young Potential Leader - could you be one of them?

Choose from the following dates:

Wednesday 15 February 2017, 12.00 - 1.30pm

Wednesday 15 March 2017, 12.00 - 1.30pm

Wednesday 26 April 2017, 12.00 - 1.30pm

Wednesday 10 May 2017, 12.00 - 1.30pm

All events are held in the Atrium, Alliance MBS East building (on the corner of Oxford Road and Booth Street East) - number 26 on the campus map.

For further information and to register your interest in attending, please see the Alliance MBS website .

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 and you are unable to attend one of the Masters Information Sessions, you are 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: dass@manchester.ac.uk

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

611
70
applications
enrolled
Male Female
33%
67%
male
female
Age range: 21-39
Nationalities: 9

Career prospects

4500
Access to more than 4,500 UK and global employers

Recent recruiters include:

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