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

Program Overview

The University of Birmingham's MORSE Masters program equips students with advanced knowledge in mathematical optimization, statistics, and econometrics. Through a combination of core and optional modules, students develop skills in quantitative analysis, data analysis, and problem-solving. The program prepares graduates for careers in economics, finance, healthcare, and other fields where these skills are highly valued.

Program Outline

Degree Overview:

This program, titled "Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters/MSc," is a one-year full-time postgraduate taught program offered by the University of Birmingham. It aims to equip students with the skills and knowledge to work at the forefront of mathematical optimization, statistics, and their applications in various fields. The program's objectives include:

• Developing students' mathematical, business, economics, science, or engineering backgrounds within a broad range of professional areas in quantitative analysis.
• Equipping students with the ability to integrate knowledge of statistics and optimization to address, critically analyze, and provide a rational appraisal of problems.
• Teaching students how to use software packages to perform statistical analysis and empirical studies.
• Focusing on finding optimal solutions to optimization problems in broader and challenging environments.
The program is multidisciplinary, encompassing mathematical optimization techniques, operational research methods, programming, and statistics, with applications to economics, finance, medicine, industrial management, natural sciences, and other fields.

Outline:

The program consists of 180 credits, divided into two-thirds taught modules and one-third research project.

Core Modules:

• Statistical Methods in Finance and Economics (20 credits)

Optional Modules:

Students choose 100 credits from a selection of optional modules, including:

• Advanced Management Mathematics (20 credits)
• Advanced Mathematical Finance (20 credits)
• Applied Statistics (20 credits)
• Game Theory and Multicriteria Decision Making (20 credits)
• Integer Programming and Combinatorial Optimisation (20 credits)
• Mathematical Finance (20 credits)
• Medical Statistics (20 credits)
• Nonlinear Programming I and Heuristic Optimisation (20 credits)

Research Project:

Teaching:

The program involves both advanced theory and applications of operational research, optimization, and statistics, as well as modern computational techniques and data analysis.

Careers:

The program prepares students for careers in:

• Economics
• Health care
• Finance
• Banking
• Insurance
• Actuarial science
• Business management
• Governmental or academic institutions
The program provides essential training in quantitative analysis, multidisciplinary research, and communication, skills that are highly sought after in various sectors.

Other:

The program is internationally recognized for the quality of its research in various fields. The School of Mathematics at the University of Birmingham is known for its expertise in optimization, statistics, and econometrics. The program also offers a postgraduate taught knowledge exchange pathway and a project (MORSE) option. The program is designed to produce highly qualified students in statistics, operations research, and econometrics with applications to economics and business management. The University of Birmingham's Careers Network provides support to students in their career development, including specialized guidance, work experience opportunities, mentoring, global internships, and placements.