Taught course

Quantitative Financial Risk Management

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

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

Risk is the BIG topic that dominates the financial industry, from complying with banking or insurance regulation to making sure the whizz-kids don't blow a hole in the balance sheet with their automated trading strategies. This means that risk management is a rapidly growing profession which offers exciting employment opportunities across the world of financial services.

The MSc in Quantitative Financial Risk Management (QFRM) develops the mathematical skills needed to make sound risk management decisions in the ever-changing financial markets. Graduates with such skills are highly desirable to employers who, typically, have developed their "rocket-science" based pricing systems and now want to focus on managing the risks of using them.

The QFRM MSc is

  • mathematical, and a good degree in mathematics, or a mathematically based subject, is a pre-requisite.
  • practical, the emphasis is on the use of mathematics rather than the theory.

Heriot-Watt boasts a leading international research group in financial and actuarial mathematics. Lectures will be given by highly experienced staff at our campus which is set in pleasant grounds in Edinburgh, Scotland's vibrant capital city.

There are strong links between the QFRM MSc and Edinburgh's significant investment industry, with one of the courses actually being taught by industry personnel. The degree is fully accredited by the Professional Risk Managers' International Association (PRMIA) and students who complete the appropriate courses, at the required level, will be eligible for exemption from PRMIA's Professional Risk Manager Certification (PRM™) Exams I and II. Some of the courses are also approved by the Institute & Faculty of Actuaries.

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

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 and current fees please visit our website or contact us by email.

Qualification and course duration

MSc

full time
12 months

PGDip

full time
9 months

Course contact details

Name
June Maxwell
Email
MACSpgenquiries@hw.ac.uk
Phone
+44 (0)131 451 4152
Fax
+44 (0)131 451 3327