Top 5 Countries to Study Operational Research Abroad

At Kenznow we observed the growing trend and demand for Masters in Operational Research as a field of study and have put together the best Universities in top countries to Masters in Operational Research abroad. With the help of the fresh 2020 ratings, you can soar in your career in Operational Research by choosing the right country to study abroad. You are about to find out the top best Universities of 2020 from the 5 best countries in the world for Operational Research.

The Operational Research is a field that deals with the application of advanced analytical methods to help make better decisions in an organization.  The discipline of operational research develops and uses mathematical and computational methods for decision-making. The field revolves around a mathematical core consisting of several fundamental topics including optimization, stochastic systems, simulation, economics and game theory, and network analysis.

Operational Research is often concerned with determining the extreme values of some real world terms such as Maximization of profit, performance or yield; or Minimization of loss, risk or cost.

Operational Research originated in the Military before the Word War II and it techniques have been applied to a variety of industries.

It is important to consider a few aspects which will leave a lasting impact on your career. One of them is the country from which you would want to pursue your Masters, as you would be spending a good number of years in the country you choose. 

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Year 2020 – 5 Top Countries to study Operational Research Abroad.

1. United States of America: Analyticsgoes beyond traditional data analysis and business intelligence. It aims to turn big data into actionable intelligence. USA is the market leader when it comes to education and training of Operational Research Analysts. There are plenty of career options available after completion of Masters in Operational Research from a university in USA, like Business Analyst, Quantitative Analyst, Market Research Analyst and Operations Research Analyst. The average salary of a Operational Research Analyst ranges between 47,368 – 141,590 USD per year. Following are the top universities in the USA for Masters in Operational Research:

1. Massachusetts Institute of Technology (MIT): Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts which was established in the year 1861. It is a 159 years old university and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, and the affiliated laboratories such as the Broad and Whitehead Institutes. The MITs PhD program in operational research provides students a thorough understanding of the theory of OR while teaching them how to develop and apply OR methods in practice.
2. Stanford University: Established in 1891, Stanford University is a private research university in Stanford, California. It is ranked among the top universities in the world by major education publications and is also one of the top fundraising institutions in the country.
3. Harvard University: Harvard University is a 385 years old Private Ivy League University located in Cambridge, Massachusetts, USA which was established in the year 1636. It is the oldest university of higher learning in the USA and among the most prestigious in the world. Students in the Technology & Operations Management are trained in various disciplinary areas including operations research, operations management, economics, engineering, and organizational behavior.
4. University of California, Berkeley (UCB): Established in the year 1868, the University of California, Berkeley is a public research university located in Berkeley, California. It was the first campus of the University of California system and hosts many leading research institutes. The Operations Research and Management Science (ORMS) program has four concentrations which are Decision Making in Economics Systems, Decision Making in Industrial and Service Systems, Decision Making in Societal Systems and Algorithmic Decision Making.
5. Georgia Institute of Technology: The Georgia Institute of Technology, commonly referred to as Georgia Tech is a 135 years old public research university located in Atlanta, Georgia which was established in 1885. It has satellite campuses in Georgia, France, Ireland, China and Singapore. 

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2. United Kingdom: UK has always been one of the favorite countries for international students. The country has got a rich academic heritage and offers excellent training and research facilities. Additionally, job prospects, especially for STEM graduates are excellent. The digital sector in the UK has seen considerable growth in recent years and contributes substantial value to the economy. There is a shortage of skilled and experienced Operational Research in UK. The average salary of a graduate with a Masters degree in Operational Research ranges from 30,000 to 60,000 euros per year. Businesses in the UK have also started to react to the country’s shortage of Operational Research Analysts and are collaborating with other firms and educational institutions to try and close the gap before it becomes too large to manage. Following are the top universities in the UK for Masters in Operational Research:

1. University of Oxford: This University was established in 1906, almost 924 years ago. Oxford operates the world’s oldest university museum, as well as the largest university press in the world and the largest academic library system nationwide. Oxford has educated a wide range of notable alumni, including 28 prime ministers of the United Kingdom and many heads of state and government around the world.
2. University of Cambridge: The University was founded in 1209 and granted a royal charter by King Henry III in 1231. Cambridge is the second-oldest university in the English-speaking world and the world’s fourth-oldest surviving university. Cambridge has educated many notable alumni, including eminent mathematicians, scientists, politicians, lawyers, philosophers, writers, actors, monarchs and other heads of state.
3. Imperial College London: The Imperial College Business School is the business school of Imperial College London and was opened by Queen Elizabeth II in 2004. The Business School offers MBA programs which include Imperial MBA, Imperial Executive MBA, Weekend MBA and Global MBA (online), Masters programs, Joint master’s programs and Doctoral programs.
4. The University of Warwick: Established in 1967, the Warwick Business School is an academic department of the faculty of Social Sciences of Warwick University. It is one of the prestigious and highly selective business schools in the world. The Warwick campus is on the border of the city of Coventry and the county of Warwick-shire in a semi-rural green belt location whereas the London campus is located in the Shard Tower, one of the tallest buildings in the European Union.
5. The London School of Economics and Political Science (LSE): Established in 1895, it is a public research university in London, England. Almost 70% of the students studying is LSE are international students which is the second highest percentage of international students of all world universities.

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3. Canada: The Operational Research sector is growing rapidly in Canada, which provides ample of opportunities to build a career in Operational Research in 2020. Toronto, the largest city in Canada is the hottest tech sector in the country and the Information Technology sector is named as Canada’s fastest growing industry. Canada is a friendly and multicultural country with natural landscapes such as the slopes of British Columbia to the Prairie province of Manitoba, along with the mountains, lakes and forests which offers a great opportunity to international students to experience all these cultures and landscapes which very few nations in the world can boast about. Canada is ranked as the third best country for Operational Research. Following are the best universities for Operational Research in Canada.

1. University of Toronto: The University of Toronto is a public research university in Toronto, Ontario, Canada, located on the grounds that surround Queen’s Park. It was founded by royal charter in 1827 as King’s College, the oldest university in the province of Ontario. The University of Toronto has educated three Governors General of Canada, four Prime Ministers of Canada, three foreign leaders, and fourteen Justices of the Supreme Court.
2. University of Montreal: The University of Montreal is a French language public research university located in Montreal, Quebec, Canada and was established in 1878. The institution comprises of thirteen faculties, more than sixty departments and two affiliated schools which are The Polytechnique Montreal and HEC Montreal.
3. University of British Columbia: Established in 1908, UBC is British Columbia’s oldest university. The university ranks among the top three universities in Canada. It is a public research university with campuses in Vancouver and Kelowna, British Columbia.

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4. China: Operational Research in China has developed rapidly in the recent years. China’s tech sector is close to surpassing the US to become the world’s best performing technology industry. Education in China is not that expensive as in the western countries and it is the third largest country in terms of awarding fully and partially funded scholarships to international students. China is one of the fastest developing economies and it offers a unique experience to its tourists right from its cuisine to culture along with its diverse and beautiful landscapes which is mesmerizing. China has a number of universities which are ranked among the top universities in the world. The following are the universities are known to provide world class courses in Operational Research.

1. Tsinghua University: This University was established in 1911 in Beijing. Tsinghua University engages in extensive research and offers 51 bachelor’s degree programs, 139 master’s degree programs, and 107 doctoral programs through 20 colleges and 57 departments covering a broad range of subjects, including science, engineering, arts and literature, social sciences, law, medicine.
2. Peking University: Established in 1898, it is a major research university in Beijing, China, and a member of the elite C9 League of Chinese universities. It is perennially ranked as one of the top academic institutions in China, Asia, and worldwide.
3. Shanghai Jiao Tong University: Established on April 8, 1896, it is one of China’s oldest universities and is a major research university in Shanghai. It has 31 departments, 63 undergraduate programs, 250 masters-degree programs, 203 Ph.D. programs, 28 post-doctorate programs, and 11 state key laboratories and national engineering research centers.

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5. Singapore: Singapore is another popular destination for international students who are looking to study abroad as it is a great travel hub with English as the official educational language. The education system in Singapore is known for its educational excellence worldwide. Singapore is a southeast Asian island nation, home to the port of Singapore, which is one of the five busiest ports in the world. The country hosts over five million people, 43% of which are born in foreign countries. Approximately 1,200 American students will study abroad in Singapore each year. Singapore is a popular tourist destination, where travelers can enjoy the local cuisine and casino resorts. Singapore recognizes the four official languages of Mandarin, Malay, English, and Tamil. The following are the top universities for Operational Research in Singapore:

1. National University of Singapore (NUS): Established in 1905, the National university of Singapore is a 116 years old national research university and is the oldest institution of higher education in Singapore.
2. Nanyang Technological University, Singapore (NTU): Located in Singapore, the Nanyang Technological University is the second oldest public autonomous research university which was established in the year 1981. The Nanyang Business School is the second largest business school in Singapore and is Ranked as the no.1 Business School in Singapore and the 3^rd in the Asia-Pacific region.

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