Taught course

Quantitative Financial Engineering

Institution
Heriot-Watt University · School of Mathematical and Computer Sciences
Qualifications
MScDiploma

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

September

Course content

Financial engineering involves the creation of financial products that are aimed specifically at the needs of investors, rather than the conventional approach of defining assets on the basis of borrowers' requirements. Central to Financial Engineering are relative value (sometimes called arbitrage) trading strategies and the structuring of financial products, and the closely associated process of securitisation. Structuring involves the transformation of cash flows derived from an asset and improving the risk profile of the structured product. The contemporary derivative markets are driven by the process structuring, both in terms of transforming cash flows through 'swaps' and credit enhancement through credit derivatives.

The programme aims to develop the skills and knowledge required by the modern investment and asset management industry where relative value trading strategies and structuring dominate. The emphasis is on developing a range of practical skills rather than develop an abstract "theory of everything". This reflects the need for practitioners to be able to employ different techniques in the ever changing world of contemporary 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

UK students
please refer to website
International students
please refer to website

Some scholarships are available for well-qualified self-funding applicants. In particular, we are offering early birds a Head of School Scholarship for accepting their offer before 31st March 2016. This scholarship is worth a 10% discount on the tuition fee cost and will be applied automatically provided an offer is accepted before 31st March.

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

Qualification and course duration

MSc

full time
12 months
part time
24 months

Diploma

full time
9 months
part time
21 months

Course contact details

Name
June Maxwell
Email
MACSpgenquiries@hw.ac.uk
Phone
+44 (0)131 451 8337
Fax
+44 (0)131 451 3327