MSc Business Analytics: Operational Research and Risk Analysis

Master

In Manchester

Price on request

Description

  • Type

    Master

  • Location

    Manchester

  • Start date

    Different dates available

Course overview 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.

 

Facilities

Location

Start date

Manchester (Greater Manchester)
See map
Oxford Road, M13 9PL

Start date

Different dates availableEnrolment now open

About this course

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...

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Subjects

  • Management
  • Decision Making
  • Risk
  • Risk Analysis
  • IT
  • Public
  • Industry
  • Public Sector
  • IT risk
  • IT Management

Course programme

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 17 February 2016, 12.00 - 1.30pm

- Wednesday 9 March 2016, 12.00 - 1.30pm

- Wednesday 13 April 2016, 12.00 - 1.30pm

- Wednesday 11 May 2016, 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, 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: dass@manchester.ac.uk

MSc Business Analytics: Operational Research and Risk Analysis

Price on request