Operational Research and Finance

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Full time study: This scheme is suitable for numerate graduates. The MSc programme lasts for twelve months, and the Diploma programme lasts for nine months.

Part-time: This scheme is suitable for numerate student who are qualified to enter the one year full-time scheme but wish to study on a part-time basis. Project work takes the special circumstance of a particular student into account. The MSc programme lasts for twenty-four months and the Diploma for two 9-month periods in each year (October-June).

A key part of the MSc programme is the project. Many of our projects will be sponsored by external organisations. Project briefs are prepared after detailed discussion with the sponsors. They are based on problems of real and current interest to the sponsor, whilst being also of a suitably high level of academic interest.

Your preferences are very much taken into account in the allocation of projects.

The practical work is from the middle of June subject ot having achieved the required level in the taught element of the programme with the final report submitted at the end of September.

The full-time MSc programme is completed over a 12-month period. There are two semesters of taught material, lasting for just over 8 months, which account for 120 credit points (Diploma level). The MSc programme is completed subject to achievement of progression requirements with a project lasting over 3 months.

Compulsory modules: Corporate finance; Deterministic OR methods; Presenting reports; Spreadsheet and database modelling; Statistical methods; Stochastic OR methods; Visual basic for applications

Optional modules: Constraint satisfaction; Consultancy skills; Credit scoring and data mining; Economics; Financial portfolio theory; Financial risk management; Forecasting; Game theory; Project management; Trends in IT

First or upper second-class honours degree or equivalent in a subject involving a significant amount of quantitative work (e.g. computer science, economics, engineering, mathematics, physics, statistics), or relevant work experience.The OR approach usually starts by building a model of the system or problem of interest. The model is then analysed, and a suitably chosen solution technique is selected or designed. For this programme, many of the models are for financial problems.The programme requires numeracy skills, and is suited to students who enjoy problem solving. However, a first degree in Mathematics is not essential; a degree in business, computer science, quantitative economics, engineering, physics or statistics may form an acceptable entry qualification. English Language Requirements IELTS band: 6.5 TOEFL paper-based test score : 580 TOEFL iBT® test: 92 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

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Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Partial scholarships/studentships possible; international privately financed students are eligible for a School bursary of £2,000 per annum (paid quarterly for maintenance), with slightly higher payments considered on academic merit. You may be invited to an open day, especially if you are being considered for studentship funding.