Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters/MSc

Postgraduate Virtual Open Day - Monday 19 November 2018, from 12:00

Take part in the live online chat with our Admissions Team about the postgraduate opportunities at Birmingham. 

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Postgraduate Open Day: Saturday 24 November 2018

Join us on campus to hear first-hand from current students about their experience at Birmingham. Our academics will also be available to discuss the research and programmes you’re interested in, including modules, course structure and suitability in relation to your previous experience. 

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In recent years, new developments in mathematical optimisation and statistics have revolutionised system engineering, information science, signal and image processing, statistical error correction and cryptography.

This has created urgent need, in both academic research and in practical implementation, for a new generation of mathematicians trained to work at the frontiers of mathematical optimization, statistics and their applications to engineering, healthcare, finance and economics.

Researchers at the University of Birmingham have recently shown how the modern optimization and statistical methods are successfully applied to engineering design, financial and economical data analysis, meta-analysis, economic equilibrium, network communication, and combinatorial optimization.

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This programme is both technical and pragmatic. You will acquire the ability to integrate state-of-the-art knowledge of statistics and optimisation to address, analyse and provide a rational appraisal of a given problem in different professional contexts.

This is a multidisciplinary field that involves the study of mathematical optimisation techniques, operational research methods, programming and statistics with their applications to economics, finance, medicine, industrial management, natural sciences and others.

The programme produces highly qualified students in statistics, operations research and econometrics with applications to economics and business management. It also provides ideal preparation for a career in economics, health care, finance, banking, insurance, actuarial science, business management, governmental or academic institutions.

To be accepted onto this programme a high standard in a mathematically-based undergraduate degree must have been achieved, equivalent to a UK upper second or first class degree.

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Why study this course

Studying this course will equip you to:

  • Develop your mathematics, business, economics, science or engineering background within a broad range of professional areas in quantitative analysis
  • Acquire the ability to integrate the knowledge of statistics and optimisation to address, critically analyse and provide a rational appraisal of a problem
  • Learn to use software packages to perform statistical analysis and empirical studies
  • Focus on finding optimal solutions to optimisation problems in broader and challenging environments
  • Study at the School of Mathematics which is internationally recognised for the quality of our research in various fields

Modules

The course consists of 180 credits, two-thirds from taught modules (core modules are compulsory, plus choose one optional module) and one-third from your research project.

Core modules

  • Linear Programming - 10 credits
  • Integer Programming - 10 credits
  • Applied Statistics - 20 credits
  • Introduction to Quantitative Finance - 10 credits
  • Exotic Options, Bonds and Further Quantitative Finance - 10 credits
  • Statistical Methods in Finance and Economics - 20 credits
  • Research Skills - 20 credits
  • MSc dissertation - 60 credits

Optional modules

Examples of optional modules are listed below:

  • Statistical Inference
  • Medical Statistics
  • Combinatorial Optimization
  • Nonlinear Programming
  • Muticriteria Decision Making
  • Advanced Quantitative Finance: Crashes, Volatility, Multiple Assets and Hedging
  • Conic Optimization
  • Game Theory

Please note: The modules listed on the website for this programme are regularly reviewed to ensure they are up-to-date and informed by the latest research and teaching methods.

Fees and funding

Annual tuition fee for 2019/20:

£9,250 for UK/EU students
£16,995 for international students.
Learn more about fees and funding.

Scholarships and studentships

We offer a range of postgraduate scholarships for taught programmes and research opportunities to ensure the very best talent is nurtured and supported at postgraduate level.

Additional scholarships can be found in the funding database.

Contact the department for further information.

Entry requirements

To be accepted onto this programme you should have a 2:1 Honours degree in Mathematics, Statistics, Industrial Engineering or programmes with a strong mathematical component. Learn more about entry requirements

International students

We accept a range of qualifications from different countries – learn more about international entry requirements. Standard English language requirements apply.

How to apply

International students requiring visas

Monday 01 July 2019 is the application deadline for international students who require a visa to study in the United Kingdom. We are not able to consider applications for 2019 made after this date; a new application should be made for 2020. Applications will reopen for 2020 in October 2019. We will close applications as soon as the programme is full, early applications are encouraged.

UK/EU (non-Tier 4) students

The application deadline is Friday 20 September 2019. Applications will reopen for 2020 on Monday 30 September 2019.

Before you make your application

You may wish to register your interest with usto receive regular news and updates on postgraduate life within this Department and the wider University.

Making your application

When clicking on the Apply Now button you will be directed to an application specifically designed for the programme you wish to apply for where you will create an account with the University application system and submit your application and supporting documents online. Further information regarding how to apply online can be found on the How to apply pages

Apply now

In the Autumn and Spring semesters, you will take masters-level courses in both advanced theory and applications of operational research, optimization and statistics, as well as the courses in modern computational techniques and data analysis.

In the summer you will undertake a research project, working with research leaders in optimization, statistics and econometrics, alongside mathematics and computation. These courses and project will provide relevant training in quantitative analysis together with multidisciplinary research and communication, a transferable skill, for whichever career path the MSc (MORSE) leads you to. 

Career opportunities

Postgraduate study at the University of Birmingham is a chance to learn from world leaders in their fields. This guarantees you a first-class learning experience, leading to a qualification that is respected the world over and making you an attractive prospect in a very competitive job market.

The course modules and research project will provide you with essential training in quantitative analysis together with multidisciplinary research and communication, a transferable skill which you will find valuable whatever career path you
pursue. Our graduates benefit from a growing global demand for these skills in sectors including economics, medicine, finance, insurance and industrial management.

University Careers Network

Preparation for your career should be one of the first things you think about as you start university. Whether you have a clear idea of where your future aspirations lie or want to consider the broad range of opportunities available once you have a Birmingham degree, our Careers Network can help you achieve your goal.

Our unique careers guidance service is tailored to your academic subject area, offering a specialised team (in each of the five academic colleges) who can give you expert advice. Our team source exclusive work experience opportunities to help you stand out amongst the competition, with mentoring, global internships and placements available to you. Once you have a career in your sights, one-to-one support with CVs and job applications will help give you the edge.

If you make the most of the wide range of services you will be able to develop your career from the moment you arrive.