MSc Industrial Engineering and International Finance

Dundee

 

INTAKE: Jan & Sept

Program Overview

The MSc Industrial Engineering and International Finance program at the University of Dundee is a unique interdisciplinary program that combines the principles of industrial engineering with the intricacies of international finance. This program is designed to equip students with the skills and knowledge to analyze and optimize industrial processes while considering financial factors on a global scale.

  1. Industrial Engineering Fundamentals: Students gain a solid foundation in industrial engineering principles, including process optimization, supply chain management, quality control, and operations management. They learn how to identify inefficiencies, streamline processes, and enhance productivity in industrial settings.

  2. Financial Analysis and Decision-Making: The program focuses on financial analysis techniques and their application in industrial engineering contexts. Students learn to assess financial risks, analyze financial data, and make informed financial decisions to improve operational efficiency and profitability.

  3. International Finance and Trade: The program explores the complexities of international finance, including foreign exchange markets, international trade policies, and global financial institutions. Students gain insights into the challenges and opportunities of conducting business in a globalized economy.

  4. Risk Management in Industrial Engineering: Students learn how to identify and manage risks associated with industrial engineering projects. They study risk assessment techniques, project management strategies, and financial risk mitigation approaches to ensure successful project outcomes.

  5. Data Analytics and Decision Support Systems: The program emphasizes the use of data analytics and decision support systems in industrial engineering and finance. Students develop skills in data collection, analysis, and interpretation to support evidence-based decision-making in complex industrial and financial contexts.

  6. Optimization Techniques: Students learn optimization methods and mathematical modeling techniques to solve industrial engineering problems with financial considerations. They gain expertise in using quantitative tools and software to optimize processes, reduce costs, and improve financial performance.

  7. Sustainability and Corporate Social Responsibility: The program highlights the importance of sustainability and corporate social responsibility in industrial engineering and finance. Students explore strategies for incorporating environmental and social considerations into decision-making processes.

Pollster Education

Location

Dundee

Pollster Education

Score

IELTS 6.5

Pollster Education

Tuition Fee

£ 26600

Postgraduate Entry Requirements:

  • Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 55 to 60% or equivalent.
  • English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
    • IELTS: A minimum overall score of 6.5 with no individual component below 6.
    • TOEFL: A minimum overall score of 80, with at least 17 in Listening, 18 in Reading, 20 in Speaking, and 19 in Writing.
    • PTE Academic: A minimum overall score of 62 with no individual score below 59.
  • Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

  • academic marksheets & transcripts
  • letters of recommendation
  • a personal statement - SOP
  • passport
  • other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

The University of Dundee offers a range of scholarships and financial support opportunities to both domestic and international students. These scholarships are designed to recognize academic excellence, support talented students, and promote diversity and inclusion.

  1. Global Excellence Scholarship: This scholarship is available to international undergraduate and postgraduate students who demonstrate outstanding academic achievements. The scholarship provides a reduction in tuition fees.
  2. Vice-Chancellor's International Scholarship: This scholarship is open to international undergraduate and postgraduate students from selected countries. It provides a partial tuition fee reduction.
  3. Santander Scholarship: This scholarship is available to undergraduate and postgraduate students from eligible countries. It aims to support international students studying at the University of Dundee by providing financial assistance towards tuition fees.
  4. Alumni Scholarship: This scholarship is open to self-funded international students who have previously completed an undergraduate degree at the University of Dundee. It offers a reduction in tuition fees for postgraduate study.

Graduates of the MSc Industrial Engineering and International Finance program have a wide range of career opportunities in various sectors. 

  1. Industrial Engineer: Graduates can work as industrial engineers, optimizing industrial processes, analyzing production systems, and implementing efficiency improvements. They can work in manufacturing companies, logistics firms, or consultancy agencies.

  2. Financial Analyst: Graduates can pursue careers as financial analysts, analyzing financial data, evaluating investment opportunities, and providing financial insights to support industrial engineering decisions. They can work in financial institutions, multinational corporations, or consulting firms.

  3. Supply Chain Manager: Graduates can work as supply chain managers, overseeing the efficient flow of goods and services in industrial settings. They can optimize supply chain processes, manage inventory, and collaborate with suppliers and distributors to enhance operational performance.

  4. Operations Manager: Graduates can work as operations managers, responsible for managing production processes, quality control, and resource allocation in industrial settings. They can oversee production schedules, optimize resource utilization, and implement continuous improvement initiatives.

  5. Project Manager: Graduates can pursue careers as project managers, leading industrial engineering projects with financial considerations. They can manage project timelines, budgets, and resources to ensure successful project delivery.

  6. Risk Analyst: Graduates can work as risk analysts, assessing and mitigating financial risks in industrial engineering projects. They can identify potential risks, develop risk management strategies, and implement controls to minimize financial and operational uncertainties.

  7. International Trade Specialist: Graduates can work as international trade specialists, assisting companies in navigating international markets, analyzing trade policies, and managing financial aspects of global business transactions.

  8. Consultant: Graduates can work as consultants, providing expertise in industrial engineering and international finance to organizations. They can offer advice on process optimization, financial decision-making, and strategic planning.


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