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#Admission2024

MSc Operational Research 2024: Admission Process, Eligibility, Syllabus

2 Years
Degree
Post Graduation
Full Time

The MSc Operational Research is a 2-year full-time postgraduate study that specialize on applying the advanced methods of data analytics to choose the best operating solutions for the complex organizational problems. Students master mathematical skills such as leadership skills, decision-making, strategic thinking, negotiation, inventory management, and control of quality. 

Through the extensive academic regimen, students gain grasp of the basic principles of scientific methods which they can use while exercising decision-making within various processes. The topics addressed are operational research, quantitative methods, mathematical programming, stochastic models, IT applications, supply chain optimization, etc. The Elective subjects make it possible for students to focus on their own career or hobby areas.

MSc Operational Research Highlights 2024

Detail Description
Level Master's Degree (Postgraduate)
Duration Typically 2 Years (4 Semesters)
Focus Applying advanced analytical methods to improve decision-making in organizations
Skills Learned Mathematical modeling, optimization, data analysis, communication, and software proficiency
Coursework Linear Programming, Queuing Theory, Inventory Management, Simulation Modeling, and electives
Career Options Operational Research Analyst, Management Consultant, Data Scientist, Business Analyst

M.Sc Operational Research Admission Process

1. Conduct research about courses and shortlist universities you intend to apply to based on the factors such as rankings, location, tuition fees and availability of scholarships. 

2. Check your eligibility against the criteria set by the universities in terms of your education qualifications and work experience or entrance examination etc. and make sure you qualify.

3. Make the necessary preparations: copies of transcripts, CV, SOP, and LORs, including English proficiency records, writing samples, and research proposals ( as required ) for each university. 

4. Fill on the university online application forms, make uploads of the required documents and pay application fees respectively. Follow the instructions carefully.

5. As you plan to apply for the postgraduate programs, prepare for any entrance examination GRE, GMAT etc., and mark your score by the university before the deadline.

6. Send the papers and check the status for the application online. Respond to questions for an interview or an inquiry about the information you shared within the given timeframe.

7. Be smart and do not make any split option until you have compared all the offers for admission and financial aid from individual universities. The offer has been accepted, and you should apply for a student visa accordingly.

M.Sc Operational Research Eligibility

1. Required qualification is a bachelor's degree in mathematics, statistics, engineering, economics, or computer science which will be not below 60% marks from a recognized university. It was the fact that the highest grades were required in these quantitative subjects that made me choose the medical field over other fields.

2. First-rate mathematical skills, spectrum of topics including calculus, linear algebra, probability, and statistics. Programming skills are desirable. 

3. Good verbal and written communication skills in condensing analysis into understandable interpretation of the findings. The capacity to tackle problems logically and analytically.

4. Preferable experience level 2 years in operations research, supply chain optimization, business analytics etc. (but fresh graduates can also apply). 

5. Excellent score - CAT, GATE, and GMAT are some of the aggregated exams which are followed in many universities. 

6. Certain universities conduct interviews to analyze the practical thinking ability, determine the subject interests and to give complex quantitative reasons clearly. Recommendation letters also help.

M.Sc Operational Research Entrance Exams

CAT: The CAT exam is designed to test the candidates' aptitude for the quantitative, data interpretation, and logical problems. While not MSc programs itself, it is seen as a prerequisite for such by some of the institutions where the operational research is offered.

GATE: The Graduate Aptitude Test in Engineering (GATE) is a test that measures the applicants' competence in the subjects covered at the graduate level. These include engineering courses, technology, and postgraduate courses in science and operational research.

M.Sc Operational Research Syllabus

Syllabus  Description
Mathematics for Operational Research: Covers advanced mathematical concepts like linear algebra, calculus, probability theory, and statistics, providing a strong foundation for quantitative modeling.
Optimization Techniques: Introduces various optimization techniques such as linear programming, integer programming, nonlinear programming, and dynamic programming, equipping students with the tools to solve complex decision-making problems.
Simulation and Modeling: Explore simulation techniques like Monte Carlo simulation and queueing theory to model real-world systems and analyze their performance under different scenarios.
Decision Theory and Game Theory: Learn decision-making frameworks under uncertainty and strategic interaction between multiple parties, enabling informed decision-making in competitive environments.
Data Analysis and Machine Learning: Develop skills in data analysis, forecasting, and machine learning to extract valuable insights from data and make data-driven decisions.
Operations Management: Gain knowledge of various operations management concepts like inventory control, scheduling, and project management to optimize operational efficiency and resource allocation.
Research Methodology and Project Work: Develop research skills, conduct independent research projects, and present findings effectively, preparing students for further academic pursuits or professional research roles.
Elective Courses: Choose from a range of elective courses based on your interests and career aspirations, such as stochastic processes, network optimization, healthcare operations, and financial engineering.

Top 10 Government Master of Science [M.Sc] (Operational Research) Colleges

Rank College Name Location Fees
1 Delhi University (Stephen's College) Delhi INR 15,000 - INR 20,000
2 Delhi University (Hansraj College) Delhi INR 15,000 - INR 20,000
3 Indian Institute of Technology Delhi (IIT Delhi) Delhi INR 25,000 - INR 30,000
4 Indian Institute of Technology Bombay (IIT Bombay) Mumbai INR 25,000 - INR 30,000
5 University of Madras Chennai INR 15,000 - INR 20,000
6 University of Mumbai Mumbai INR 15,000 - INR 20,000
7 University of Calcutta Kolkata INR 10,000 - INR 15,000
8 Banaras Hindu University (BHU) Varanasi INR 18,000 - INR 23,000
9 University of Hyderabad Hyderabad INR 22,000 - INR 27,000
10 University of Pune Pune INR 18,000 - INR 23,000

Top 10 Private M.Sc Operational Research Colleges

Rank College Name Location Fees
1 Indian Institute of Management Bangalore (IIMB) Bangalore INR 12.5 Lakhs - INR 15 Lakhs
2 Indian Institute of Management Calcutta (IIM Calcutta) Kolkata INR 13 Lakhs - INR 16 Lakhs
3 Indian Institute of Management Ahmedabad (IIMA) Ahmedabad INR 14 Lakhs - INR 17 Lakhs
4 Symbiosis Institute of Operations Management (SIOM) Pune INR 8 Lakhs - INR 10 Lakhs
5 SP Jain Institute of Management & Research (SPJIMR) Mumbai INR 10 Lakhs - INR 12 Lakhs
6 Woxsen School of Business Management Hyderabad INR 8 Lakhs - INR 10 Lakhs
7 Great Lakes Institute of Management Chennai INR 9 Lakhs - INR 11 Lakhs
8 Amity University Noida INR 6 Lakhs - INR 8 Lakhs
9 SRM Institute of Science and Technology (SRMIST) Chennai INR 6.5 Lakhs - INR 8.5 Lakhs
10 VIT University Vellore INR 7 Lakhs - INR 9 Lakhs

M.Sc Operational Research Course Placements

An M.Sc. in Operational Research equips graduates with the analytical skills and problem-solving abilities sought after by leading companies across diverse industries. 

M.Sc Operational Research Course Jobs and Salary

An M.Sc. in Operational Research equips graduates with the powerful combination of analytical skills, problem-solving abilities, and quantitative modeling expertise, making them highly sought after in a variety of industries. 

Specialization Job Titles Average Salary (INR Lakhs per annum)
Data Analytics: Data Analyst, Business Intelligence Analyst, Operations Research Analyst 8-12
Finance: Quantitative Analyst, Risk Analyst, Portfolio Manager 10-14
Logistics and Supply Chain Management: Supply Chain Analyst, Logistics Manager, Transportation Planner 7-10
Manufacturing and Production: Production Planner, Operations Manager, Quality Control Analyst 6-9
Healthcare: Healthcare Operations Analyst, Healthcare Data Analyst, Public Health Analyst 5-8
Consulting: Management Consultant, Operations Consultant, Business Analyst 12-16
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