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 innovative programme introduces modern mathematical techniques and financial modelling for students with a mathematical background. In particular it introduces the probability and stochastics often not included in standard mathematics degrees.

The programme has been designed with the practical and pragmatic aspects of mathematical finance in mind, to provide you with relevant and modern skills relating to structured finance in demand in the UK and internationally.

There are courses in Derivative Markets and Pricing and Modern Portfolio Theory, and there is large scope for industry oriented modelling, computation and simulation. This is reflected in courses in numerical and stochastic simulation as well as the Research and Industry Topics course which includes industry projects via the Scottish Financial Risk Academy covering topics such as market, credit, operational, liquidity, energy and commodity risk. Summer placements with industry are also offered.

The emphasis is on possessing a broad range of skills in demand in the finance industry. The aim is to understand, both quantitatively and qualitatively, the risks and uncertainty involved. The wide range of optional courses available within this context, allows you to tailor your learning experience to your interests.

A distinguished set of courses will exempt you from the examinations of the Professional Risk Managers International Association (PRMIA) Levels I and II, a world-renowned qualification.

Students who graduate from the programme will have excellent employment prospects that are not restricted to any one narrow sector of financial services. Watch the video.

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, course duration and attendance options

  • MSc
    part time
    36 months
    • Campus-based learningis available for this qualification
    full time
    12 months
    • Campus-based learningis available for this qualification
  • Diploma
    part time
    27 months
    • Campus-based learningis available for this qualification
    full time
    9 months
    • Campus-based learningis available for this qualification

Course contact details

June Maxwell
+44 (0)131 451 8337