Financial Mathematics MSc
Awards: MSc
Study modes: Full-time
Funding opportunities
Programme website: Financial Mathematics
This MSc programme is run by Heriot-Watt University jointly with The University of Edinburgh. Upon graduation, you will receive a degree certificate bearing crests of both universities.
It provides you with expertise in financial mathematics, including stochastic calculus, and a range of practical techniques for analysing financial markets. You will also learn quantitative skills for developing and managing risk that are in high demand.
This programme involves two taught semesters of compulsory and optional courses, followed by a dissertation project.
The teaching is shared between Heriot-Watt University (HW) and The University of Edinburgh (UoE). The timetable is arranged so that you spend three days a week at the Heriot-Watt Riccarton Campus and two days a week at University of Edinburgh’s King’s Buildings Campus.
The dissertation project is either carried out with an industrial partner (e.g. Aberdeen Asset Management, Moody’s Analytics and Lloyds Banking Group) or supervised by academics at Heriot-Watt University. The programme typically involves the following courses.
Compulsory courses:
- Credit Risk Modelling (HW)
- Derivatives Markets (HW)
- Derivative Pricing and Financial Modelling (HW)
- Discrete-Time Finance (UoE)
- Financial Markets (HW)
- Special Topics 1 (UoE)
- Special Topics 2 (HW)
- Stochastic Analysis in Finance (UoE)
Option courses:
- Optimization Methods in Finance (UoE)
- Financial Econometrics (HW)
- Portfolio Theory (HW)
- Numerical Techniques of Partial Differential Equations (HW)
- Simulation (UoE)
- Statistical Methods (HW)
- Statistical Inference (HW)
- Time Series Analysis (HW)
- Stochastic Control and Dynamic Asset Allocation (UoE)
Graduates typically work in major financial institutions or continue their studies by joining PhD programmes.
Applications are administered by Heriot-Watt University. See their programme website for further information.
International qualifications
Check whether your international qualifications meet our general entry requirements:
English language requirements
Applications are administered by Heriot-Watt University. See their programme website for further information.
Find out more about our language requirements:
Tuition fees
Programme fees are administered by Heriot-Watt University.
Students must apply direct to Heriot-Watt University for funding opportunities.
General information on scholarships and funding from the University of Edinburgh
Search for scholarships and funding opportunities:
- Postgraduate Taught and Research, Ms Rodi Amiridou
- Phone: +44 (0)131 451 8314
- Contact: macs-schooloffice@hw.ac.uk
- Programme Director, Dr Matthias Fahrenwaldt
- Phone: +44 (0)131 451 3664
- Contact: m.fahrenwaldt@hw.ac.uk
- Room 1.25 Earl Mountbatten Building
- Heriot-Watt University
- Edinburgh
- EH14 4AS
- Programme: Financial Mathematics
- School: Mathematics
- College: Science & Engineering
Applying
Applications for this programme must be made through Heriot-Watt University.
Start date: September
Awards: MSc (12 mth FT)
Further information
- Postgraduate Taught and Research, Ms Rodi Amiridou
- Phone: +44 (0)131 451 8314
- Contact: macs-schooloffice@hw.ac.uk
- Programme Director, Dr Matthias Fahrenwaldt
- Phone: +44 (0)131 451 3664
- Contact: m.fahrenwaldt@hw.ac.uk
- Room 1.25 Earl Mountbatten Building
- Heriot-Watt University
- Edinburgh
- EH14 4AS
- Programme: Financial Mathematics
- School: Mathematics
- College: Science & Engineering