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Financial Mathematics – (M.Sc.)
Heriot-Watt University
School of Mathematical and Computer Sciences
| Annual Tuition Fee: | ≈ € 15,150 - ≈ € 18,000 (non-EEA) | ||
| Location: | Edinburgh / United Kingdom / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 12 months | Start Date: | September |
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| Languages: | English | ||
Location of Heriot-Watt University
Duration
This full-time taught programme lasts one year.
Overview
This masters programme covers the advanced mathematics that has revolutionised finance since the works of Black and Scholes and of Merton in the early seventies. The revolution continues to this day and this programme is aimed squarely at those students who are passionate about mathematics and driven to make a career amongst the many and varied financial institutions throughout the world.
The programme, which is part of the Maxwell Institute for Mathematical Sciences, the joint research institute of mathematical sciences at the University of Edinburgh and Heriot-Watt University, provides an intensive training in the mathematical ideas and tools vital to the finance industry. By developing essential new mathematical concepts, especially in stochastic calculus, and placing the mathematics in the contexts of financial markets, modelling, derivative pricing, portfolio theory and risk management, the course equips students for a range of lucrative and exciting career opportunities.
Contents
SUBJECTS COVERED
* Financial Markets
* Financial Econometrics
* Financial Risk Management
* Modern Portfolio Theory
* Derivatives Markets
* Credit Risk Management
* Time Series Analysis
* Introduction to Credit Derivatives
* Derivative Pricing and Financial Modelling
* Mathematical Programming
* Numerical Methods for PDEs
* Simulation
* Statistical Methods
* Stochastic Processes I and II
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testGRE® revised General Test
GRE Scores are accepted at business schools worldwide. Learn more and register.
Register Now!Requirements
The course is an advanced degree in the mathematical sciences. It is essential to have achieved, or be expected to attain, at least the equivalent of a UK upper second-class degree in your undergraduate degree, which must be in mathematics or a very substantially mathematical subject (for example statistics, physics or engineering).
Degrees in Business, Management, Economics or Finance are unlikely to meet this entry requirement. In particular, degrees in these subjects which include only standard courses in mathematics and statistics for management school students are not sufficient.
English Language Requirements
If your first language is not English you need to show that you would benefit from studying in English. Acceptable qualifications for entry are:
* A degree which you studied in English.
* Heriot-Watt University's Foundation English Programme - Grade C (Grade B for postgraduate study in the School of Management and Languages).
* TOEFL 577 (233 in the computerised test or 90 in the internet-based test). This applies to courses in the School of Life Sciences, School of Management and Languages, School of the Built Environment, School of Textiles and Design, School of Mathematical and Computer Sciences, and Institute of Petroleum Engineering.
* TOEFL 550 (213 in the computerised test or 80 in the internet-based test). This applies to courses in the School of Engineering and Physical Sciences only.
* IELTS 6.5.
* Cambridge Certificate of Proficiency (CPE) Grade C.
Additional Requirements
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
Language Proficiency
| IELTS Band: | 6.5 |
| Cambridge English: Advanced (CAE): | Grade C (Score: 60) |
| TOEFL Paper-based: | 550 |
| TOEFL Computer-based: | 213 |
Ask a Question
You can contact MSc Admissions Officer Financial Mathematics to ask a question about Financial Mathematics at Heriot-Watt University.
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