Taught course

Quantitative Finance and Mathematics

Heriot-Watt University · School of Mathematical and Computer Sciences

Entry requirements

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.

Months of entry


Course content

This exciting new programme at Heriot-Watt University introduces modern mathematical techniques and financial modelling, such as portfolios options and derivative pricing, for students with a mathematical background. In particular it will introduce the probability and stochastics often not included in standard mathematics degrees.

Following the Financial Crisis of 2007-2009 there has been a shift in the practice of mathematical finance. The emphasis is now on possessing a broad range of skills that can be applied to practical problems. The aim is to understand, both quantitatively and qualitatively, risks and uncertainty involved.

The MSc focuses on practical computational and applied mathematics aspects of finance and uncertainty, and students graduating from the programme will have excellent employment prospects that are not restricted to any one narrow sector of financial services.

We have a practical applied approach to the material. This will provide you with relevant and modern skills, in demand in the UK and internationally, relating to structured finance.

Information for international students

The minimum requirement for English language is IELTS overall 6.5 (with no score lower than 5.5 in any individual category). or equivalent. We also offer a range of pre-sessional English language courses to help you meet the English language requirement prior to starting your masters programme.

Fees and funding

For details of all scholarship opportunities and current fees please visit our website or contact us by email.

Qualification and course duration


full time
12 months
part time
36 months


full time
9 months
part time
27 months

Course contact details

June Maxwell
+44 (0)131 451 8337
+44 (0)131 451 3223