Program Overview
The Financial Mathematics at Heriot-Watt University is a MSc programme in Mathematics & Statistics over 12 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of mathematics & statistics. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Financial Mathematics programme are well-prepared for careers in academia, industry, government, and the private sector across United Kingdom and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 12 months
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 6.5
- Tuition: GBP 23,410 (Tuition (Full programme)) — International students; GBP 20,090 (Tuition (Full programme)) — EU/EEA students
- Location: Edinburgh, United Kingdom
Career Opportunities
Graduates of the Financial Mathematics programme are prepared for diverse careers in mathematics & statistics:
- Actuary
- Quantitative Analyst
- Data Analyst
- Risk Manager
- Financial Modeller
- Statistical Researcher
Program Curriculum
Course Structure
- Derivatives Markets
- Derivative Pricing and Financial Modelling
- Financial Markets
- Discrete-Time Finance
- Stochastic Analysis in finance
- Credit Risk Modelling
- Special Topics, including industry lead projects
- Statistical Methods
- Financial Econometrics
- Time Series Analysis
- Modern Portfolio Theory
- Optimisation Methods in Finance
- Numerical Methods for PDEs
- Simulation in Finance
- Deterministic Optimisation Methods in Finance
Admission Requirements
Academic Requirements
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor\xe2\x80\x99s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
- Entry requires a UK 2.1 degree or equivalent in Mathematics, Statistics, or a related subject with a substantial mathematics content from a British or overseas university.
- We are looking to train those who not only have a strong background in mathematics, but who also possess the ability to communicate effectively, and have the desire to succeed in a dynamic and competitive industry.
- The programme is not suitable for finance professionals without graduate-level mathematical training.
English Proficiency: IELTS 6.5 or equivalent.
Tuition & Financial Information
Tuition Fee
GBP 23,410 (Tuition (Full programme)) — International students; GBP 20,090 (Tuition (Full programme)) — EU/EEA students
Tuition fees: GBP 23,410 (Tuition (Full programme)) — International students; GBP 20,090 (Tuition (Full programme)) — EU/EEA students
IELTS requirement: 6.5
Financial Aid & Scholarships
Contact Heriot-Watt University directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About Heriot-Watt University
Heriot-Watt University
City of Edinburgh, United Kingdom
Heriot-Watt University is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University Profile- Start Date 2018-09-11
- Language English
- Duration 12 months