hi,

see msc phd courses is an integrated  doctoral programs, candidates who have bachelors in mathematics or statistics or in engineering or sciences may opt for this program, however if you have real interest in operational research and interdisciplinary research in engineering may opt this program, this course is 2 years msc and 3 years phd courses, placements is given after msc, in third year, you may left the course after placement with out doing phd after getting placement offers, however if you really work hard you can surely get good placement after phd course.