Operational Research, Applied Statistics and Financial Risk
MSc
Cardiff University

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 .
Primarily based on data from undergraduate degree students.
All Mathematics courses of Cardiff University
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 |
All Mathematics courses of Cardiff University
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 |
All Mathematics courses in the UK
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
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This course will give you the opportunity to study risk models in greater depth, particularly those models used in financial markets.
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The skills you will develop are highly transferable for use within industry, business and the public sector.
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The School of Mathematics has excellent links with a number of organisations who employ Operational Researchers, Statisticians and Financial / Risk Modellers
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.
All Mathematics courses of Cardiff University
Current jobs
All Mathematics courses of Cardiff University
Required skill level of job after 15 months
All Mathematics courses of Cardiff University
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
All Mathematics courses of Cardiff University
Requirements for international students / English requirements
IELTS academic test score (similar tests may be accepted as well)
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- 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.
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
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- #3
- #32
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- Mathematics
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CUG The Complete University Guide - By Subject
[Published 08 June, 2023]
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- #4
- #55
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- Mathematics
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The Guardian University League Tables by Subject
[Published 24 September, 2022]
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- #2
- #301
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- Mathematics
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NTU by Subject
[Published 20 October, 2021]
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- #1
- #301
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- Mathematics
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GRAS Global Ranking of Academic Subjects - ShanghaiRanking
[Published 19 July, 2022]
Natural Sciences
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- #1
- #133
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- Physical Sciences
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URAP University Ranking by Academic Performance - By Subject
[Published 06 June, 2020]
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- #2
- #141
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- Physical Sciences
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URAP University Ranking by Academic Performance - By Subject
[Published 06 June, 2020]
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- #1
- #151
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- Physical Sciences
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THE World University Rankings by Subject
[Published 26 October, 2022]
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- #7
- #478
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- Physical Sciences
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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.
Where is this programme taught



Similar courses
Ranking publishers
The University League Tables
- Published:
- 08 June, 2023
THE Times Higher Education, UK
- Published:
- 26 October, 2022
- Criteria used in ranking -:
- 37.4% Teaching (the Learning Environment)
37.6% Research (Volume, Income and Reputation)
15% Citations (Research Influence)
7.5% International Outlook (Staff, Students and Research)
2.5% Industry Income (Knowledge Transfer)
The Guardian News and Media Limited
- Published:
- 24 September, 2022
NTU ranking
- Published:
- 20 October, 2021
ShanghaiRanking Consultancy
- Published:
- 19 July, 2022
Urap
- Published:
- 06 June, 2020