Cardiff University
Operational Research, Applied Statistics and Financial Risk MSc
Cardiff University

Course modalities offered

Key Course Facts

Student Reviews

Below you can see course specific reviews for 85 graduates of Operational Research, Applied Statistics and Financial Risk MSc and other courses in at Cardiff University for each of the survey questions in comparison to the average for all UK degree courses in .

Overall student satisfaction
77 /100
85 total respondents

Primarily based on data from undergraduate degree students.

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Mathematics

Important: Salary data below is not course specific, but contains data of all students of at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28500 £27500 £35500
25-75 percentile range £24000 - £32000 £22500 - £34000 £27000 - £44500


Salary of all UK Graduates of Mathematics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £27000 £27924 £34556
25-75 percentile range £23012 - £32023 £22183 - £36218 £25816 - £46509

Course Description

A unique MSc degree aimed at those who wish to study in greater depth risk models, particularly for applications to financial markets, but also to other sectors.

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.

This is a one year full-time programme.

Distinctive features

  • This course will give you the opportunity to study risk models in greater depth, particularly those models used in financial markets.

  • The skills you will develop are highly transferable for use within industry, business and the public sector.

  • The School of Mathematics has excellent links with a number of organisations who employ Operational Researchers, Statisticians and Financial / Risk Modellers

This programme is accredited to meet the educational requirements of the Chartered Mathematician designation awarded by the Institute of Mathematics and its Applications.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

Current jobs

Required skill level of job after 15 months

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Operational Research, Applied Statistics and Financial Risk MSc at Cardiff University

25% Information Technology Professionals
15% Finance Professionals
10% Administrative occupations
10% Business, Research and Administrative Professionals
10% Business and public service associate professionals
10% Teaching Professionals
5% Sales occupations
0% Managers, directors and senior officials
0% Natural and social science professionals
0% Teaching and Childcare Associate Professionals

Grading Distribution

Students of the course received the following grades

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for Mathematics

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • MBA

Get advice on which foundation courses are best for you to still study Operational Research, Applied Statistics and Financial Risk, MSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

For entry requirements, please visit the course page on our website: https://www.cardiff.ac.uk/study/postgraduate/taught/courses/course/operational-research,-applied-statistics-and-financial-risk-msc

Costs

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of Cardiff University in top UK and global rankings.

Rankings of Cardiff University in related subject specific rankings.

Mathematics

    • #3 
    • #32 
    Mathematics
    CUG The Complete University Guide - By Subject
    [Published 08 June, 2023]
    • #4 
    • #55 
    Mathematics
    The Guardian University League Tables by Subject
    [Published 24 September, 2022]
    • #2 
    • #301 
    Mathematics
    NTU by Subject
    [Published 20 October, 2021]
    • #1 
    • #301 
    Mathematics
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 19 July, 2022]

Natural Sciences

    • #1 
    • #133 
    Physical Sciences
    URAP University Ranking by Academic Performance - By Subject
    [Published 06 June, 2020]
    • #2 
    • #141 
    Physical Sciences
    URAP University Ranking by Academic Performance - By Subject
    [Published 06 June, 2020]
    • #1 
    • #151 
    Physical Sciences
    THE World University Rankings by Subject
    [Published 26 October, 2022]
    • #7 
    • #478 
    Physical Sciences
    URAP University Ranking by Academic Performance - By Subject
    [Published 06 June, 2020]

See all 34 university rankings of Cardiff University

About Cardiff University

Established in 1883, Cardiff University is located in the urban setting of the city of Cardiff, Wales. Some of the university’s most obvious advantages include world-leading research, a knowledgeable and proactive career services office, and the central location. Cardiff is a vibrant, modern city with a young and diverse population known for accepting people from all walks of life.

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Where is this programme taught

Cardiff University
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Cathays Park Campus
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