Master of Statistics and Operations Research
Student type:
Quick facts
-
Entry score
Not applicable
-
Duration
Full-time 2 years, Part-time 4 years -
Location
Melbourne City -
Fees
AU$25,920 (2020 annual)
Next intake
February, July Entry score
6.5 IELTS
Duration
Full-time 2 years Location
Melbourne City
Overview
Further your understanding of the mathematical and statistical modelling of data to forecast trends and predict outcomes in a variety of industries including scientific and commercial sectors.
The Master of Statistics and Operations Research will develop your knowledge of statistical and operations research methodologies.
You’ll combine a theoretical foundation with practical applications of current techniques employed by practising engineers, scientists and other professionals in industry, research, consulting, teaching and business.
This is achieved using statistical software accompanied by an in-depth understanding of the statistical processes involved.
You will be particularly knowledgeable, creative and critical in the sense of how you interpret and analyse data. You will also be equipped with the ability to apply knowledge to solve a wide range of real-world problems.
You’ll be exposed to a wide variety of analytics tools including R, SQL, SAS Enterprise Guide, SAS Enterprise Miner, Python, Java, Julia, CPLEX, Gurobi and Arena.
The program includes an industry project component and/or minor thesis which will develop your consulting and research skills.
Based on your previous studies you may be eligible for exemptions that may shorten your program duration to one year full-time.
Details
The program is offered through a flexible combination of lectures, tutorials and computer laboratory classes.
Classes are usually held once a week in the evenings. There are also opportunities for you to work as part of a team on projects and in consulting activities.
You'll apply your knowledge and skills via consulting and work-integrated learning (WIL). Your involvement with industry projects and data will give you the chance to build your theoretical capabilities in the context of practical problems.
The program is linked to industry through the Program Advisory Committee (PAC) and through various consulting and research projects undertaken by staff.
Members of the PAC provide valuable input and are a major driver for change in the program, particularly with regard to industry trends and future graduate capabilities, the use of state-of-the-art software, the introduction of specialisations and, most importantly, support for the use of work-integrated learning (WIL).
WIL will be visible in each year of the program through guest speakers, industry projects, and when available, student placements/internships in industry.
The first year of the program includes four core courses in analytics, statistics and operations research, which lay the foundation of the program.
Throughout the program students will choose up to four general options and seven other options from analytics, statistics and operations research courses.
The final year includes an applied research project course where students work on a real industry problem.
Students who find approved placements or internships in their second year can have them count towards the applied research project course.
As part of RMIT’s continuous improvement efforts, the program structure is regularly updated to reflect industry trends.
Choose a program structure
| Title | Location | Duration | Plan code | CRICOS | ||
|---|---|---|---|---|---|---|
| Master of Statistics and Operations Research | City Campus |
2 years full time or 4 years part time
|
2 years full time
|
MC004P12 | 074919G |
Choose a program structure
Program code: MC004
Career
Demand for statistical and operations research skills is growing in a data-driven world.
Graduates are employed by a variety of scientific, commercial and government enterprises, most commonly as data scientists, statisticians, business analysts, consultants, modellers and researchers.
Graduates are eligible for membership of the following organisations:
Admissions
Entry requirements:
- An Australian bachelor degree in any discipline, or equivalent.
OR
- You may also be considered if you have at least 10 years of work experience in statistics and operations research.
International qualifications are assessed for comparability to Australian qualifications according to the Australian Qualifications Framework (AQF).
Some applicants might be eligible for exemptions that might change the duration of their program. Please refer to the Articulation and Pathways section for more detail.
Entry requirements:
- An Australian bachelor degree in any discipline, or equivalent.
OR
- You may also be considered if you have at least 10 years of work experience in statistics and operations research.
International qualifications are assessed for comparability to Australian qualifications according to the Australian Qualifications Framework (AQF).
Some applicants might be eligible for exemptions that might change the duration of their program. Please refer to the Articulation and Pathways section for more detail.
Entry requirements
To study this program you will need to complete one of the following English proficiency tests:
- IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
- TOEFL (Internet Based Test - IBT): minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
- Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
- Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.
Pathways
If you have successfully completed one of the following qualifications majoring in analytics, statistics, operations research or a relevant discipline you will be eligible for credit as follows:
Qualification level |
Credit |
Remaining program duration |
Bachelor degree (AQF Level 7 or equivalent) |
Up to 48 credit points (equivalent to one semester full-time study) |
144 credit points (equivalent to three semesters full-time study) |
Bachelor degree (Honours) |
Up to 96 credit points (equivalent to two semesters full-time study) |
96 credit points (equivalent to two semesters full-time study) |
If you have successfully completed one of the following qualifications majoring in information technologies, information security, computer science, geospatial science or a relevant discipline you will be eligible for exemptions as follows:
Qualification |
Credit |
Remaining program duration |
Bachelor degree |
Up to 48 credit points (equivalent to one semester full-time study) |
144 credit points (equivalent to three semesters full-time study) |
If you choose to exit this degree after completing 96 credit points (equivalent to two semesters full time study) you will eligible to be awarded the Graduate Diploma in Statistics and Operations Research (GD120). Note that the exemptions mentioned above cannot be used to exit with a Graduate Diploma.
Learn more about pathways or if you are eligible for credit transfer and recognition of prior learning.
Fees
2020 indicative annual fees
Full-fee places: AU$25,920*
Additional expenses
- Student services and amenities fee (SSAF): AU$308* maximum fee for 2020.
- Other items related to your program, including field trips, textbooks and equipment.
Annual fee adjustment
*Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
Defer your payment
This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
Learn more about fees for postgraduate study.
How does a HELP loan work?
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
This program is approved for income support.
You may be eligible for student income support payments from the Commonwealth Government if you are undertaking a graduate certificate, graduate diploma or an approved professionally oriented masters by coursework program. For more information see Income support for Masters students.
If you are enrolled in an eligible program you will also need to satisfy all other student payment eligibility requirements. You can contact Centrelink or the Department of Human Services for further information about student income support entitlements, your eligibility and how to apply.
In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student. The SSAF is calculated based on your enrolment load and the maximum fee for 2020 is $308.
You may be eligible to apply to defer payment of the SSAF through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
The annual tuition fee for 2020 is AU$32,640.
The total indicative tuition fee for 2020 commencement is AU$66,240.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living in Melbourne.