Operations Research and Business Analytics

STUDY PROGRAMME

Operations Research and Business Analytics

Degree Conferred Master of Science (M.Sc.) Duration 4 Semesters Enrollment Wintersemester Admission restriction Restricted admission Entry requirements 1. Relevant bachelor’s, diploma, or comparable degree from a recognized university in Germany with at least 140 ECTS (at the time of applying),
and an average grade from 1.0 up to 2.9 (German grading scale applies), determined from the examination results.

- A study program is relevant if at least:
A. 45 ECTS (EU degrees) or 9 modules (Non-EU degrees) in economics, business administration, and at least 20 ECTS (EU degrees) or 4 (Non-EU degrees) in the field of quantitative methods, or
B. 65 ECTS (EU degrees) or 13 modules (Non-EU degrees) in Mathematics, Statistics, Econometrics, Operations Research modules
have been acquired.

2. Proof of the relevant first academic degree with the mandatory standardized form “Relevance” of the faculty.

- Applicants who have obtained their bachelor's degree at the Faculty of Economics and Management of Otto-von-Guericke-University Magdeburg do not have to prove the relevance of a completed undergraduate degree, as this information is already known to the faculty.

3. Proof of English Language Skills on C1 level with one of the recognized options.

4. Mandatory, standardized form “Letter of Motivation” of the faculty.

5. Professional experiences, and internships set out in a tabular CV

Application deadline Applicants with a German Bachelor degree an der OVGU 15 July Applicants with an International Bachelor degree über uni-assist 15 June Language English

Objectives

The master’s program in Operations Research and Business Analytics is designed to teach students the necessary scientific methods for analyzing and optimizing of complex relationships in economics and management processes. Students will acquire a distinct knowledge of applications in the areas of supply chain management, operations, logistics, financial and risk management, and capital markets. Additionally, students will be able to independently develop solutions and utilize alternative problem solving methods, think systematically, and critically evaluate decisions.

Along with providing input data for business administration planning models, students will learn to create and use mathematical and algorithmic models and, when necessary, develop them independently. The analytical capabilities and practical problem solving competencies of the students will be developed and strengthened.

Career Perspectives

This study program is designed to equip students with the knowledge, methods, and skills necessary for professional careers in both the private and public sectors of locally and international institutions. Graduates will be able to find jobs within a variety of companies dealing with supply chain management, operations, logistics, capital markets, financial and risk management, as well as industries where data plays an important role in the decision making processes. Moreover, this study program prepares students with the necessary knowledge to seek a doctoral study program (Ph.D.) in business or economics.

Competencies and Interests Required

The study program builds upon a strong foundation of mathematics, business administration, and economic theories. A good understanding of operations research and advanced skills in English are required.

More information

Applicants, who obtained an undergraduate degree from the Faculty of Economics and Management at the Otto-von-Guericke University, do not need to submit the relevance of previous studies form, as this information is already available at the faculty.

The number of study places for this degree program is limited. Following the requirements and regulations of the study program, the applicant must have successfully participated in the internal university selection procedure for the ORBA program. An interview is a strict part of this selection procedure to which applicants will be invited. Participation in this interview is mandatory. Passing the interview successfully is a prerequisite for adding the applicant to the ranking list. Successful participation in the selection procedure is only possible if the applicant has achieved a sufficient position in the ranking list according to the number of available study places.