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Financial Modelling and Optimization

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MSc Financial Modelling and Optimization - 1 Year (Full-time)

MSc Financial Modelling and Optimization - 2 Years (Part-time)

PgDip Financial Modelling and Optimization - 9 Months (Full-time)

Information on fees & costs

Individual programme fees are linked above. For detailed information on fee status, policies, payment and funding opportunities see:

Contact information: Programme Secretary
Phone: +44 (0)131 650 4885
Fax: +44 (0)131 650 6553
Email: fmomsc@ed.ac.uk; Dr Sotirios Sabanis (Programme Director)
Phone: +44 (0)131 650 5084
Email: s.sabanis@ed.ac.uk; Address: Room 6313
James Clerk Maxwell Building
The King's Buildings
Edinburgh
EH9 3JZ

This programme gives you a flexible syllabus to suit the demands of employers that use modern financial tools and optimization techniques in areas such as the financial sector and energy markets.

Entry requirements

The minimum entry requirement is a UK 2:1 degree, or its international equivalent, in mathematics or a mathematical subject such as statistics, physics or engineering.

International students

All applicants must meet our general entry and language requirements. Detailed advice for international students is available here:

Programme description

We will give you sound knowledge in financial derivative pricing, portfolio optimization and financial risk management. We will also provide you with the skills to solve some of today’s financial problems, which have themselves been caused by modern financial instruments. This expertise includes modern probability theory, applied statistics, stochastic analysis and optimization.

Adding depth to your learning, our work placement programme puts you at the heart of financial organisations such as Aberdeen Asset Management, Barrie & Hibbert and Lloyds Banking Group.

Programme structure

This programme involves two taught semesters of compulsory and optional courses, followed by a dissertation project.

Compulsory courses

Discrete-Time Finance
Stochastic Analysis in Finance I
Fundamentals of Optimization
Research-Linked Topics
Finance, Risk and Uncertainty
Risk-Neutral Asset Pricing
Stochastic Analysis in Finance II
Simulation
Optimization Methods in Finance

Optional courses

Nonlinear Optimization
Large Scale Optimization
Stochastic Optimization
Combinatorial Optimization
Global and Derivative- Free Optimization
Introduction to Java Programming
Parallel Numerical Algorithms
Dynamic & Integer Programming
Game Theory
Stochastic Modelling
Credit Scoring and Data Mining
Financial Risk Management
Risk Analysis

Career Opportunities

Graduates have gone on to work in major financial institutions or to continue their studies by joining PhD programmes.

Funding

Please see Scholarships and Student Funding Services for information about funding opportunities:

Scholarships and Student Funding Services

Further Information

This article was published on Apr 25, 2013