MSc Operational Research, Applied Statistics & Financial Risk

The Operational Research, Applied Statistics and Financial Risk MSc at Cardiff University is a specialized postgraduate course that equips students with robust operational research and applied statistics skills, alongside financial risk modeling knowledge. It is a full-time course designed to provide students with a detailed understanding of the role of numerical and qualitative techniques in decision-making across a wide range of sectors.Course Content: This course combines operational research and applied statistics techniques, specifically designed to address real-world issues. Students will study stochastic financial modeling, time series econometrics, and multivariate statistics, among other topics. The MSc project also allows students to apply their newly acquired skills to real-world problems.Key Modules: Key modules of this course include Decision Theory, Statistical Methods, Mathematical Programming Algorithms, Credit Scoring, Financial Risk Forecasting, Data Mining, and Monte Carlo Method. The course also includes a dedicated MSc project.Accreditations: This course is accredited by the Royal Statistical Society, allowing students to graduate with the status of Graduate Statistician, a grade of professional membership of the society. It is also accredited by the Operational Research Society.Future Careers: Graduates of this course can look forward to exciting career prospects in various sectors, including banking, business analytics, health, energy, retail and transport, among others. The career opportunities are vast, ranging from operational researchers and risk analysts to statisticians and financial analysts.For more information on this course, please visit the official course page.