Operations Research Master’s Degree

Operations Research Master's Degree

If you have an aptitude for mathematics and a love of statistical analysis and problem solving, then a career as an operations research analyst just might be the path for you. The operations research (OR) master’s degree strives to provide students with the technological skills needed to understand and decipher problems that arise in fields such as computer modeling, data analysis, financial management, and city and regional planning. An operations research analyst takes a real world problem and comes up with a mathematical model that includes an objective to be maximized (i.e., profit) or minimized (i.e., cost). Included in this model are any constraints (i.e., budget) that affect how the solution can be implemented. The analyst will then use either established methods or create new ones in order to find the best solution to this model, which is then applied to the real world situation.

The master’s in operations research degree requirements aim to offer an expansive knowledge of the mathematical sciences rather than specialized skills in one field. The coursework typically stresses the solution methodology for mathematical models and their application. The program might include education in optimization theory and techniques, advanced multivariate analysis, resource allocation theory, application of judgment and statistical tests, mathematical modeling, statistical analysis, control theory, and applications to specific research problems. The goal of the master’s in operations is for graduates to leave prepared to apply their operational research knowledge in a wide variety of industries.

Successful applications of operational research are so widespread that society has become dependent on these models and solutions. Operational research models have shown up in nearly every area because people recognize the need for well-thought out solutions that will stop wasting them money, time, and effort. Some of the varied and profitable applications include creating airline schedules, transporting goods, managing portfolios, researching genetics, optimizing call centers, and even fighting cancer. A successful operations research analyst typically earns a higher than average salary and can be employed across several industries, such as airline, finance, government, transportation agencies or consulting companies.

Operations research is a field of study that is valued across many businesses and one where there is continual knowledge growth, giving you a career that can be both financially and personally rewarding. A graduate with a master’s in operations research should be able to apply analytical methods from mathematics, science, and engineering towards helping companies make better decisions and improve efficiency. OR analysts know how to use the latest software tools in order to solve complex problems. Learning the pros and cons of every scenario, the operations research analyst can then offer up the best solutions. Analysts are often working alongside top-level management to strategize the allocation of resources and design production facilities.

Increase your knowledge and business skills as an OR analyst. Enroll in a graduate degree program. Start today!