MSc Business Analytics: Operational Research and Risk Analysis

Learn the fundamental theories, approaches and analytical toolkit of decision sciences, applied operational research and statistics.

You will learn the skills to ensure that processes run smoothly, particularly in the face of challenges and opportunities arising from the global reach of business. You will gain vital knowledge and practical skills to become a professional operations, project or supply chain manager in a globalised environment.

MSc Business Analytics: Operational Research and Risk Analysis

Year of entry: 2017

Overview

Degree awarded
MSc
Duration
12 months full-time
Entry requirements

We normally look for a UK bachelor degree with first or upper second class honours, or the overseas equivalent in a quantitative subject such as mathematics, statistics, physics, engineering, computing, management science or economics. 

When assessing your academic record we take into account your grade average , position in class, references and the standing of the institution where you studied your qualification.  We particularly welcome applicants from institutions of high ranking and repute.

Full entry requirements

How to apply

Admissions update 

Please note that due to the high volume of applications received this year, this course is now closed to new applications for entry in September 2017.

The online application form for 2018 will open on 25 September, and we will start to process applications from October 2017.

Apply online

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y N N N

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.

Open days

Postgraduate Open Day - Wednesday 22 November 2017

If you'd like to know more about what it's like to study in Manchester, then join us at our next Open Day on 22 November.

You'll have the opportunity to meet a careers advisor, admissions staff and current students and discover how our courses can boost your career prospects.  We'll be hosting an alumni panel who'll share their experience of studying at Alliance MBS with you and talk about what they've been doing since graduation.

Our Masters courses aren't just for business graduates - from business analytics to operations, and marketing to finance, we have 15 courses to choose from.

The event will be held in the Atrium, Alliance MBS East building (on the corner of Oxford Road and Booth Street East) - number 26 on the campus map.

You'll be able to register your interest in attending the event in September, and you'll receive more information about the schedule for the day.

Events round the world

We take part in many events in the UK, the EU and around the world, and we'd be delighted to meet you in your country .

If you plan to visit Manchester and and you are unable to attend the Open Day, you are welcome to organise a personal visit .

Fees

For entry in the academic year beginning September 2017, the tuition fees are as follows:

  • MSc (full-time)
    UK/EU students (per annum): £11,500
    International students (per annum): £19,000

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, our courses require a deposit of £1000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

  • you fail to meet the conditions of your offer (see below for further information); and/or
  • you are refused a visa or entry clearance to enter the UK (proofmustbe submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

Scholarships/sponsorships

Contact details

Academic department
Alliance Manchester Business School
Contact name
Masters Marketing and Admissions Office
Telephone
+44 (0) 161 306 1339
Email
Website
http://www.mbs.ac.uk/masters/courses/analytics-operational-research-risk-analysis/
Academic department overview
Alliance Manchester Business School was established in 1965 as one of the UK's first two business schools. Today, we are the UK's largest campus-based business and management school, and 'Original Thinking Applied' is at the heart of everything we do. Find out more .

Entry requirements

Academic entry qualification overview

We normally look for a UK bachelor degree with first or upper second class honours, or the overseas equivalent in a quantitative subject such as mathematics, statistics, physics, engineering, computing, management science or economics. 

When assessing your academic record we take into account your grade average , position in class, references and the standing of the institution where you studied your qualification.  We particularly welcome applicants from institutions of high ranking and repute.

English language

For the latest information on demonstrating your English proficiency for those whose first language is not English, please see our language requirements .

English language test validity

Some English language test results are only valid for two years. Your English language test report must be valid on the start date of the course.

Other international entry requirements

We accept a range of qualifications from different countries. For these and general requirements see entry requirements for your country .

Application and selection

How to apply

Admissions update 

Please note that due to the high volume of applications received this year, this course is now closed to new applications for entry in September 2017.

The online application form for 2018 will open on 25 September, and we will start to process applications from October 2017.

Apply online

Advice to applicants

Your statement of purpose should answer specific questions outlined below.  Applications will not be successful without this statement.

  1. Please tell us your current or final average mark for the subjects you have studied in your degree, and if possible your position in class.
  2. Please list any other quantitative courses courses or qualifications you have taken in addition to your undergraduate degree.
  3. Please tell us why you are interested in the MSc Analytics: Operational Research and Risk Analysis course at Alliance MBS and how the course will impact on your future.
  4. It is competitive to gain a place on the course.  Please tell us what makes you stand out as an applicant compared to others.

How your application is considered

Normally applications cannot be processed without the following:

  • up-to-date English language score outlining individual element scores (where applicable)
  • first and second year transcript
  • two academic references (at least one will be required at the time of application)
  • statement of purpose
  • copy of passport (for non home/EU students only)

Scanned copies will be accepted at the time of application.

Deferrals

To defer your offer to the following year, you must contact your admission officer to get a copy of the deferral form. You can only defer your place for one year.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Course details

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.

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

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. 

Scholarships and bursaries

Contact us for further information on scholarships available .

Disability support

Careers

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.

Testimonial Silviu Tofan
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"I’ve always felt welcome – the staff here offer endless encouragement and support. I’ve had a really good time in Manchester and I think that the University, together with Alliance MBS, has contributed greatly to my experience. This course was quite demanding, but with enough free time to get to enjoy new friends as well as personal hobbies."

Silviu Tofan, Romania

Student and Graduate Profiles