Skip to navigation | Skip to main content | Skip to footer

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 / Course details

Year of entry: 2018

Course description

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

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Risk, Performance and Decision Analysis BMAN60092 15 Mandatory
Mathematical Programming and Optimisation BMAN60101 15 Mandatory
Data Analytics for Business Decision Making BMAN60422 15 Mandatory
Simulation & Risk Analysis BMAN70142 15 Mandatory
Applied Statistics and Business Forecasting BMAN71791 15 Mandatory
IS Strategy & Enterprise Systems BMAN60111 15 Optional
Global Operations Management BMAN70081 15 Optional
Strategic Supply Chain Management BMAN70111 15 Optional
Business Improvement Tools Techniques and Systems BMAN70201 15 Optional
Global Supply Chain Management: Theories and Practice BMAN70292 15 Optional
Managing Projects BMAN70391 15 Optional
Social Media and Web Analytics BMAN71641 15 Optional
Information and Knowledge Management BMAN71652 15 Optional
Digital Business BMAN71702 15 Optional
Decision Behaviour, Analysis and Support BMAN73271 15 Optional
Programming in Python for Business Analytics BMAN73702 15 Optional
Displaying 10 of 16 course units

Scholarships and bursaries

Contact us for further information on scholarships available .

Disability support

Testimonial Silviu Tofan
" /> ×

"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