A skillset of a management scientist

Dmitry opportunities

Being a master student implies huge responsibility, especially when studying in a TOP-8 university in the UK and TOP-1% worldwide. Is there value for money, what knowledge and experience do you get, and most importantly – how can you use those skills in a real life? Those are the questions to be answered in this post.

I study Management Science and Marketing Analytics, so everything that follows is based entirely on this programme. I am a foreigner, and for me English education was a completely new experience from the very beginning. The crucial thing is to understand that it is difficult to study for a master degree. Really, it is difficult. Although there were not too many modules – just 4 in Autumn and 6 in Spring – the amount of material to learn was impressive.
Most of the modules were assessed based on the three assignments – individual coursework, group coursework and exam. In order to perform well in all of them you will need to have good time management skills and be able to work under pressure with strict deadlines. It does not necessarily mean that you will have no spare time on friends or extracurricular activities – for instance, apart from studying I was a student rep, a teacher of Russian and a PG ambassador which did not prevent me from getting an average mark of 69 and (fingers crossed) a distinction diploma.
Plan your work thoroughly and get the courseworks done before the deadlines. Yes, it will be time consuming and sometimes exhausting – but make no doubt, the result is worth it.

At my programme I have learned 3 new languages. Well, programming languages – VBA, R, SAS. Being able to handle massive datasets, to provide quick summaries and to give data-proven recommendations is an essential skill of a good analyst. A lot of practice is required, isn’t it? This is what you can get in Lancaster – well-structured workshops assist you in getting started, whilst the difficulty of tasks keeps growing alongside your progress. Personally, I’ve spent hours on coding and massaging the data before I could provide more or less reliable result. If you want to achieve good outcomes practice is the key to your success. Fortunately, all the facilities on campus help students do their work well – there are postgraduate zones in Graduate college and in the library, 4-screen computer lab in LUMS, plenty of computer labs on campus, projectors to rehearse your presentations, etc. On top of that, teachers are easy-going and willing to provide support whenever needed. They have open-door policy, so you could simply drop in with a question or book an appointment in advance.

I’ve mentioned earlier that some of the modules include group work. This is a great chance to develop or enhance your teamwork and leadership skills. This interaction helps to develop communication skills as well – just imaging working in a multinational group where all people are from different countries having different backgrounds and cultures. This is so cool! That’s an opportunity to speak English and make new friends – eventually, people might be the most valuable asset you’ve acquired while studying in Lancaster.

Alright, let’s summarise the skillset you can develop while doing Management Science and Marketing Analytics programme (and maybe other programmes too) in Lancaster University.

  • time management
  • ability to work under pressure
  • project management
  • result orientation
  • multitasking
  • out-of-the-box thinking
  • computer knowledge (coding)
  • public speaking
  • communication skills
  • data analysis
  • statistical analysis
  • problem solving
  • teamwork skills
  • leadership skills

Enjoy your time in Lancaster University!