M. Sc. (Operational Research) is a networking postgraduate course in operational research. This discipline teaches advanced analytical techniques in operations to facilitate improved decision making.
The duration of M. Sc. (Operational Research) is 2 years divided into four semesters. For eligibility purposes, a candidate should have an undergraduate degree from any recognized university or equivalent.
See More: MSc Operational Research Top Colleges
For Master of Science (Operational Research), the average fee ranges from INR 25,000 to INR 50,000 depending on the type of college. Admission to this course in all the colleges is done on the basis of merit-based on marks in bachelor degree.
This course equips the students with a wide range of skills, approaches, and techniques from various disciplines to do MSc Operational Research jobs. After the completion of the course, the students can make a successful career in top companies in both the private and public sectors.
M.Sc Operational Research: Course Highlights
Highlights for Master of Science [M.Sc] (Operational Research) program are provided in the table given below:
| Name of the course | Master of Science [M.Sc] (Operational Research) |
| Course Level | Post Graduation |
| Duration | 2 years, full-time/ Distance Learning |
| Stream | Operational Research |
| Examination Type | Semester System |
| Eligibility | Graduation in a relevant subject with at least 55% marks or equivalent CGPA. |
| Admission Process | Merit-based. Entrance exam in some cases |
| Average Course Fee | INR 25,000 to INR 50,000 |
| Average Starting Salary | INR 5.7 Lacs to 20.5 Lacs |
| Job type | Associate Analyst, Operational Risk Analyst, Operations Research Consultant, Research & Relationship Executive, Research Head, Research Manager, Research Scientist |
| Top Recruiters | Axis Bank, Bain and Company, Boston Consulting Group, DE Shaw, Deloitte, Eye Bridge, Grant Thornton,HealthKart.Com, ITC Ltd.Kotak Securities, KPMG, MacquarieInfrastructure, McKinseyCompany, NIIT, Oyo Rooms, P&G, Towers Watson, Urban Clap, Wipro, Zomato |
M.Sc Operational Research: What is about it?
In the M. sc (Operational Research) the students learn to use advanced analytical techniques for better decision making. Sometimes it is also known as Operations Research, Industrial Engineering or Management Science.
After studying Operational Research, you will develop a valuable combination of mathematical, analytical, modeling, computing, and interpersonal and communication skills.
The aim of the program is to provide the student with all the skills required for a successful career, and so a wide spectrum of techniques and approaches from management and other non-mathematical disciplines is covered.
The MSc Operations Research & Analytics provides you with the skills needed to apply mathematical methods to real-world analytics problems faced by companies, governments, and other institutions. With the study in practice and theory, you will gain deep insight into analytics problems.
Why to study M.Sc Operational Research?
The role of computers in decision making is inevitable. The application of scientific methods with the help of computers to improve the effectiveness of decisions, operations, and management
leads to the introduction of a new discipline Operations Research (OR). Master of Science (OR) is a program specifically designed to equip students with the capability of building intelligent systems for decision making by integrating the computing capability of computers and the scientific methods available in Operations Research.
The course is beneficial to provide an ideal background for a career in industry (e.g., consulting, banking, finance, and telecom) and strong foundations for further studies and research.
The program prepares the students to use their analytical skills in decision support and planning.
The job roles entered by graduates after these M.Sc. programs include project manager, operational researcher, business analyst, risk analyst, and data analyst, with an entry in some cases through graduate training programs.
M.Sc Operational Research: Admission Process
Admission procedures can vary from one college to another. Most of the institutes offer admission to the Master of Science [M.Sc] (Operational Research) Course, based on the merit list or marks secured in the entrance examination of that particular college.
How to Apply?
- Registration:
Registration dates are announced on the official website of the college around 4-5 weeks before by the institute. You need to create an account with basic details like email-id, phone number, etc. (The registration is done on the official websites of the particular college you are applying to)
- Fill up details:
After registration, you need to fill up the application form with all necessary details with care.
- Submit documents:
You need to upload all required documents like mark sheets. Documents should be uploaded in a specific format specified by the institute’s application portal.
- Application fee:
You need to pay some application fee online during the submission of the application form.
- Download admit card (In case an entrance exam is conducted by the college):
Admit cards are released on the official website of the exam conducting body. You need to download and print it out for your entrance examination.
- Examination (In case of entrance examination):
The exam is conducted according to the fixed schedule.
- Results or merit:
Results are announced after a few weeks of the exam day. If a candidate successfully qualifies for the entrance examinations, he/she can move on to the next round.
If the admission is based on a Merit system, then you can search for your name in the merit list released by the college (make sure to regularly check the official website of the college you are applying to)
- Counseling and admission:
Counseling is conducted for students who have successfully cleared the entrance examinations. The student can now take admission into the Master of Science [M.Sc] (Operational Research) course.
M.Sc Operational Research: Eligibility Criteria
The eligibility criteria for Master of Science [M.Sc] (Operational Research) aspirants is as follows. It must be noted that the eligibility criteria can differ from institute to institute.
- Graduation in a relevant subject with at least 55% marks or equivalent CGPA.
- Some of the very reputed universities and colleges conduct an entrance examination for admission.
M.Sc Operational Research: Entrance Exams
Delhi University entrance Test: Delhi University conducts the entrance exam for admission into the Master of Science [M.Sc] (Operational Research) course in every college under the University. The test is conducted by Delhi University in order to offer admission to aspirants in various UG, PG, MPhil, and Ph.D. programs.
Delhi University Entrance Test is conducted in three shifts across 101 exam centers in 18 cities. The National Testing Agency (NTA) conducts the DUET on the behalf of Delhi University.
The national-level entrance exam is a computer-based test. DUET is conducted for all programs such as UG, PG, MPhil, and Ph.D.
| Entrance Exams | Exam Dates |
|---|---|
| CUET PG | Check Here |
| BITSAT | Check Here |
| NEST | Check Here |
| IIT JAM | Check Here |
| DUET | Check Here |
| TISS NET | Check Here |
M.Sc Operational Research: How to get admission in a good College?
To secure admission into a top-ranked college, a number of factors come into play. Some of the following things will be helpful in this regard.
- In order to secure your admission into a top-ranked college, you need to prepare to score good marks in your Bachelor’s degree. Because it will be the sole basis for admission into any college. If you score well, you got admitted to a good college, as simple as that.
- Some colleges conduct the entrance tests for admission into the P.G programs, so keep checking the official website of the particular university you want to get admission into. Many times it happens that the candidate did not get admission just because of their lack of awareness. So Be aware.
- Do your research about the different colleges, it will help you to choose the best college in terms of faculty, campus placements, facilities provided, etc.
- Analyze the exam pattern for the entrance test (If the university you are applying to has an entrance exam), if some section can get you some more marks, ACE that section. Even one more mark scored by you can make the difference.
- While applying for any college make sure you check about the affiliation of the college, fee structure, facilities provided, etc.
M.Sc Operational Research: Syllabus
Semester wise syllabus is provided here:
| Semester I | Semester II |
|---|---|
| Mathematical Programming I | Java Programming (a) Theory (b) Practical |
| Inventory Management I | Reliability & Maintenance Theory |
| Queueing System I | Marketing Management |
| Statistics I | Scheduling Techniques |
| C++ & Unix- (a) Theory & (b) Practical | Mathematical Programming II |
| Semester III | Semester IV |
| Database Management System & Visual Programming: (a) Theory (b) Practical | Project Work (Compulsory) |
| Software Reliability | Three out of the following: |
| Statistics II | Decision Theory |
| Mathematical Programming III | Dynamic Optimization |
| - | Multicriteria Decision Models |
| - | Queueing System-II |
| - | Inventory Management-II |
| - | Marketing Research |
See More: MSc Operational Research Syllabus
M.Sc Operational Research: Top Colleges
Most of the M. Sc (O.R) courses are provided by colleges under Delhi University. Here are some of the top M. Sc (O.R) colleges in India:
| Name of the college/ Institute | Fees (First Year) |
|---|---|
| St. Stephen’s College | NA |
| Hansraj College, Delhi - University of Delhi | INR 16,554 (First Year) |
| Hindu College, New Delhi - University Of Delhi | INR 19,710 (First Year) |
| Ramjas College, New Delhi - University of Delhi | INR 14,404 (First Year) |
| Aligarh Muslim University - Distance Learning (AMU ALIGARH), Aligarh | INR 8,980 (First Year) |
M.Sc Operational Research: College Comparison
| Name of the college | St. Stephens College | Hansraj College, Delhi - University of Delhi | Hindu College, New Delhi - University Of Delhi |
|---|---|---|---|
| Location | New Delhi | New Delhi | New Delhi |
| Average Annual Fee | INR 17,000 to INR 20,000 | INR 20,000 to INR 22,000 | INR 15,000 to INR 16,000 |
| NIRF ranking | 4 | 9 | 3 |
| Average Salary | INR 10.3 to 26 LPA | INR 10 to 24 LPA | INR 11 to 28 LPA |
| Top Companies Visited | Bain and Company, DE Shaw, Axis Bank, Boston Consulting Group, Deloitte, Grant Thornton, HealthKart.Com, Eye Bridge, ITC Ltd.Kotak Securities, KPMG, MacquarieInfrastructure, McKinseyCompany, NIIT, OYO Rooms, P&G, Towers Watson, Urban Clap, Wipro, Zomato | BCG, Deloitte, Airtel, OYO, Inshorts, Kotak, Zomato, NIIT, Times Axis Bank, Internet, Urbanclap, Wipro, ITC Limited | HDFC, Google, Deloitte, Jaypee, KPMG, Maruti, Ernst, and Young, etc. |
MSc Operational Research vs MSc Statistics
| Course Name | Master of Science [M.Sc] (Operational Research) | Master of Science in Statistics |
|---|---|---|
| Average Fees | INR 25,000 to INR 50,000 | INR 30,000 - 1 L per annum |
| Duration of the program | 2 Years | 2 Years |
| Average salary | INR 5.7 Lacs to 20.5 Lacs per annum | INR 6.94 Lacs to 15.3 lacs per annum |
| Job Types | Associate Analyst, Operational Risk Analyst, Operations Research Consultant, Research & Relationship Executive, Research Head, Research Manager, Research Scientist | Data Scientist, Analytics Manager, Statistician, Analytics Consultant, Biostatistician, Senior Business Analyst, Data Analyst, SAS Programmer, Statistical Analyst, Senior Statistician, etc. |
M.Sc Operational Research: Job Prospects and Career Options
| Employment areas | Job types |
|---|---|
|
|
What are the duties of an Operation research analyst?
- Identify and solve problems in areas such as logistics, business, healthcare, or other fields, collect and organize information from a variety of sources, such as computer databases, sales histories, and customer feedback.
- Gather input from workers involved in all aspects of a problem or from others who have specialized knowledge, so that they can help solve the problem
- Examine information to figure out what info is relevant to a problem and what methods can be used to analyze it.
- Advise managers and other decision-makers on the effects of various courses of action to take in order to address a problem
- Write reports, memos, and other documents explaining their findings and recommendations for executives, managers, and other officials.
- Use statistical analysis, predictive modeling, simulations, or other methods to analyze information and develop practical solutions to business problems
M.Sc Operational Research: Future Scope?
- After completing this course, the students can study further to enhance their qualifications.
- If the student has an interest in research then he/she may pursue either M. Phil. or Ph.D. in operational research.
- Universities like the University of Delhi offer Ph.D. in operational research and M. Phil. Operational research.
Average annual salary in INR
| Job Position | Average salary |
|---|---|
| Associate Analyst | INR 3.5 LPA to 12 LPA |
| Operational Risk Analyst | INR 3.5 LPA to 8.4 LPA |
| Operations Research Consultant | INR 4 LPA to 16 LPA |
| Research Head | INR 5 LPA to 15 LPA |
| Research Manager | INR 4 LPA to 9 LPA |
| Research Scientist | INR 3.5 LPA to 8 LPA |
M.Sc Operational Research: FAQs
Ques: What is the eligibility criteria for getting admission into the Master of Science Operational Research?
Ques: What is the average salary of an Operations Research Consultant in India?
Ques: Is there any other university that provides the Master of Science Operational Research course except Delhi University?
Ques: Which are the top 3 colleges for Master of Science Operational Research in India?
- Hindu College, New Delhi - University Of Delhi
- St. Stephen’s College - University Of Delhi
- Hansraj College, Delhi - University of Delhi
Ques: What is the duration of Master of Science Operational Research course in India?
Ques: What are some top recruiters for the Master of Science Operational Research graduates?
Ques: What is the average fee for a Master of Science Operational Research course in India?
Ques: What is Master of Science Operational Research?
Ques: What kind of job I can get after completing my M.Sc Operational Research?
Ques: Is there any interview process after clearing the university-based entrance test?
![IIT Bombay - Indian Institute of Technology - [IITB]](https://images.collegedunia.com/public/college_data/images/appImage/25703_IIT_New.jpg?h=150&w=320&mode=stretch)
![IIT Bombay - Indian Institute of Technology - [IITB]](https://images.collegedunia.com/public/college_data/images/logos/1431953162ccgsygdygw.jpg?h=30&w=30&mode=stretch)
![Aligarh Muslim University - [AMU]](https://images.collegedunia.com/public/college_data/images/appImage/1504180374cover.jpg?h=150&w=320&mode=stretch)
![Aligarh Muslim University - [AMU]](https://images.collegedunia.com/public/college_data/images/logos/1504180374logo.jpg?h=30&w=30&mode=stretch)
![Hansraj College - [HRC]](https://images.collegedunia.com/public/college_data/images/appImage/1521444819cvrimge.png?h=150&w=320&mode=stretch)
![Hansraj College - [HRC]](https://images.collegedunia.com/public/college_data/images/logos/1491982583logo..png?h=30&w=30&mode=stretch)
![Kirori Mal College - [KMC]](https://images.collegedunia.com/public/college_data/images/appImage/14918925121444136740KMCNEW.jpg?h=150&w=320&mode=stretch)
![Kirori Mal College - [KMC]](https://images.collegedunia.com/public/college_data/images/logos/1559546553KMCLogo.jpg?h=30&w=30&mode=stretch)
![MIT Art, Design and Technology University - [MITADT]](https://images.collegedunia.com/public/college_data/images/appImage/1607941724Cover.jpg?h=150&w=320&mode=stretch)
![MIT Art, Design and Technology University - [MITADT]](https://images.collegedunia.com/public/college_data/images/logos/1653994850Screenshot20220531162909.png?h=30&w=30&mode=stretch)
![Delhi University - [DU]](https://images.collegedunia.com/public/college_data/images/appImage/25473_DU_New.jpg?h=150&w=320&mode=stretch)
![Delhi University - [DU]](https://images.collegedunia.com/public/college_data/images/logos/1491817267UniversityofDelhi.png?h=30&w=30&mode=stretch)
Comments