Mathematics, Operational Research, Statistics and Economics (MORSE) (Industry)

BSc Mathematics, Operational Research, Statistics, and Economics (MORSE) (Industry) is a coherent degree designed for students who wish to apply their mathematical skills to solve real-world problems in business and industry.

Our programme covers:

• Foundational mathematics topics such as Algebra and Calculus, developing your technical knowledge and mathematical skills.

• Operational research modules demonstrating how to use mathematics to solve real-world problems encountered by governments, industries, and other institutions, using programming languages like Python or R.

• Probability and statistics topics providing you with the ability to understand and address uncertainty in your surroundings.

• Economics modules, equipping you to use models to understand real-world economic phenomena such as economic growth, the causes of economic fluctuations, and the effectiveness of economic policy.

• A year in industry, gaining valuable graduate-level experience and professional skills.

The combination of these highly influential subjects will equip you with in-demand analytical, quantitative reasoning, statistical, optimisation, and programming skills that employers highly value, preparing you for careers like a business analyst, data scientist, operational researcher, or consultant, and opening doors to academic research opportunities.

The structured nature of the programme means that, starting from the second year, you take increasing ownership of your studies, selecting modules based on your evolving interests and strengths.

Programme overview
Year one: You will gain a strong foundation in four main subjects.

• Mathematics and statistics: You'll study fundamental modules, including Calculus, Further Calculus, Linear Algebra, Probability, and Statistics, equipping you with essential mathematical and statistical skills.

• Economics: You will take the Economic Principles and Applications module, initiating your journey into business and finance.

• Operational research: you will cover Tools and Techniques for Business Analytics, laying the groundwork for advanced studies in optimisation, simulation, and decision-making

After the first year, a broad range of specialist optional modules will allow you to tailor your programme to align with your interests and steer you towards a specific career path.

Year Two You will further develop your knowledge in Algebra, Statistics, Economics, and Operational Research. Optional modules in Operational Research, Game Theory, and Operations Management will be available to choose from.

Year three: Spend your third year in a full-time placement, gaining valuable graduate-level experience and professional skills. This hands-on experience will give you a strong advantage in securing employment after your degree.

Year four: There is one mandatory module that further advances your knowledge of Statistics, alongside several optional modules on Advanced Statistical Modelling, Machine Learning, Data Mining, Forecasting, and Financial Mathematics.

The University will use all reasonable effort to support you in finding a suitable placement for your studies. While a placement role may not be available in a field or organisation directly related to your academic studies or career aspirations, all placement roles offer valuable experience of working at a graduate level and gaining professional skills.

If you are unsuccessful in securing a suitable placement for your third year, you will be able to transfer to the equivalent non-placement degree scheme and would continue with your studies at Lancaster, finishing your degree after your third year. The University offers a range of shorter placement and internship opportunities for which you would be welcome to apply.