Studyportals placeholder

Operational Research, Applied Statistics and Financial Risk, M.Sc.

  • Application Deadline
  • 12 months
    Duration
University rank #101 (ARWU) ,
Designed to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions and to become confident statistical analysts.

About

Our MSc in Operational Research, Applied Statistics and Financial Risk aims to equip you with the necessary analytical skills, methods and ways of thinking to tackle and analyse complex organisational problems, help make better decisions, and to become confident statistical analysts.

This course is ideal training for those who wish to study, in greater depth, risk models, particularly for application to financial markets but also to other sectors. 

You will undertake case studies and project work which will give you the opportunity to put your skills into practice and provides valuable experience of working in the field. The dissertation project, typically undertaken with an industrial partner, will allow you to work with complex data in a creative manner and a problem-solving environment, as well as to communicate your ideas and findings effectively.

Programme Structure

Courses include:

  • Dissertation
  • Operational Research Methods
  • Statistical Methods
  • Communicating and Research Skills
  • Computational Methods
  • Business and Risk Strategy
  • Financial Mathematics and Modern Actuarial Risk Theory
  • Credit Risk Scoring

              Detailed Programme Facts

              • Programme intensity

                You can choose to do this programme part-time or full-time.

                Full-time
                • Full-time duration 12 months
                Part-time
                • Average part-time duration 36 months
                • Intensity Flexible
                • Part-time variant
                  Flexible
              • Credits
                180 alternative credits

              • Languages
                • English
              • Delivery mode
                On Campus

              English Language Requirements

              You need the following IELTS score:

              • Minimum required score:

                6.5

                The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                Schedule IELTS

                StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

              Academic Requirements

              • A first degree (minimum second class honours) from a recognised university in a numerate subject such as Mathematics, Operational Research, Statistics, Management Science, Economics, Engineering, Computer Science, Geography or a suitable Science degree.
              • Applicants whose first language is not English will be required to demonstrate proficiency in the English language (IELTS 6.5 or equivalent).

              Tuition Fee

              • International

                18980 GBP/year
                Tuition Fee
                Based on the original amount of 18980 GBP per year and a duration of 12 months.
              • National

                8950 GBP/year
                Tuition Fee
                Based on the original amount of 8950 GBP per year and a duration of 12 months.
              We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

              Living costs for Cardiff

              • 628 - 1070 GBP/month
                Living Costs

              The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

              Funding


              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: 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.

              Apply with Studyportals

              Did you know that you can directly apply to available Masters from our selected Application Partners? Read more, or check the complete list of programmes to apply for right now.

              Select a Master's and apply