Business Analytics: Operational Research and Risk Analysis, M.Sc.

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 Business Analytics: Operational Research and Risk Analysis course at Alliance Manchester Business School gives you the cutting edge analytical approaches, methodologies and tools you need to confidently tackle problems and improve outcomes.
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

This Business Analytics: Operational Research and Risk Analysis course at Alliance Manchester Business School 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..

Programme Structure

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.

Detailed Programme Facts

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Academic 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.

Tuition Fee Per Year

  • GBP 18000 International
  • GBP 11000 EU/EEA

Funding

Check the programme website for information about funding options.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: Expand Your Horizons

The award recognises studying abroad as a positively life changing experience for many students as well as promoting intercultural understanding and tolerance. Successful candidates will receive up to £10,000 to be applied toward the cost of tuition fees.

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The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.