Master of Science [M.Sc] (Operational Research, Applied Statistics, and Financial Risk)
STEM Course
1 year
Full Time
On Campus
Field of Study:
$33,849 /Yr
£25,450 /Yr
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $33849 (GBP 25450) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Living Expenses | $19950 (GBP 15000) |
| Total Cost | $19950 (GBP 15000) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | $39472 (GBP 29678) |
Important Dates
Admissions take place on a first-come, first-served basis, so we recommend you apply as early as possible.
- Master of Science in Operational Research, Applied Statistics, and Financial Risk at Cardiff University is a 1-year program.
- It is an on-campus program offered on a full-time basis.
- This course will give students the opportunity to study risk models in greater depth about the models that are used in financial markets.
- The skills students will develop are highly transferable for use within industry, business, and the public sector.
- The student-faculty ratio of the students is 40:1.
- This 1-year course includes a 3 month period working with a company on a real problem.
- Students will take 110 credits of core modules and 10 credits of optional modules in the taught component of the program. This is followed by a 60 credit summer project.
- The methods of teaching are a mixture of lectures, seminars, computer workshops, and tutorials.
- Students are assessed by the written examinations at the end of every semester.
- The School of Mathematics has excellent links with a number of organizations that employ Operational Researchers, Statisticians, and Financial / Risk Modellers.
- This school also provides an innovative and stimulating environment for both studying and researching in the mathematical sciences.
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Eligibility & Entry Requirement
Academic Eligibility:
- Applicants will have a minimum of a 2:2 degree from a recognized university in a numerate subject such as Mathematics, Science, or Engineering.
- Students must be qualified in IELTS, TOEFL, and PTE to get admission in this program.
Indian Student Eligibility:
- Students will need successful completion of a relevant bachelor's degree from a recognized institution, with grades of approximately 55%-60% to qualify for the postgraduate courses.
- Some schools will also require the successful completion of a relevant master's program from a recognized institution.
- The Indian Standard XII English qualification from the following examination boards are accepted with a minimum score of 70%:
- Andhra Pradesh/Telangana Board of Intermediate Education
- Central/Goa Board of Secondary Education
- Council for the Indian School Certificate Examinations, ICSE / ISC
- Government of Kerala Board of Higher Secondary Examination
- Government of Karnataka Department of Pre-University Education
- Board of Secondary Education, Madhya Pradesh, Bhopal
- Maharashtra State Board of Secondary and Higher Secondary Education
- Gujarat/Punjab/ Rajasthan/Bihar/Meghalaya Board of School Education
- Board of High School and Intermediate Education Uttar Pradesh
- National Institute of Open Schooling.
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Required Document List
The Documents required are:
- Resume/CV - This provides a summary of a student's experience and skills.
- Higher Secondary School Certificate - The certificate provided by the education board after completion of the Higher secondary education.
- Statement of marks - The marks statement provided by the education board.
- Letter of Recommendation - This shows who recommended the student to pursue the degree.
- Personal Statement - This is an essay or any written statement written by the student while applying in a minimum of 250 words.
- English Language Requirement - This shows the test score of English Proficiency Exams such as IELTS, TOFEL, PTE, etc.
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Key Resources for Your Study Abroad Journey
Course Guides
1 Year Masters Programs in UK for International Students in 2025
Masters in UK: Top Universities, Admission Requirements, Tuition Fees, and Scholarships
Career and Placement after Course
This program prepares you for a career in areas such as:
- Operational Research
- Management Science
- Statistics
- Risk Analysis
- Financial Modelling
- Actuarial Risk and Credit Scoring
- Management Consultancy
- Business Analytics
- Supply Chain Management
- Government Operational Research /Statistics.
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Cardiff Vice-Chancellor's International Scholarship | Scholarship per student$ 4,655/Yr$3,500 | Level Of StudyBachelor | TypeCollege-Specific | |
| Narotam Sekhsaria Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Goa Education Trust Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Saltire Scholarships | Scholarship per student$ 10,640/Yr$8,000 | Level Of StudyMaster | TypeMerit-Based | |
| Prodigy Finance-GyanDhan Scholarship | Scholarship per student$ 3,325/Yr$2,500 | Level Of StudyMaster | TypeMerit-Based | |
| Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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