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BSc (Hons) Financial Mathematics
Edinburgh
INTAKE: September
Program Overview
Heriot Watt University offers a comprehensive BSc (Hons) in Financial Mathematics designed to equip students with the theoretical knowledge and practical skills required for a successful career in finance, banking, risk management, and related fields. The program provides a rigorous academic foundation in mathematical techniques, statistical analysis, and financial modeling, combined with practical applications in real-world financial scenarios. Students gain insights into financial markets, investment strategies, and risk management practices, preparing them for diverse roles in the financial services industry.
Curriculum: The curriculum of the BSc (Hons) Financial Mathematics program at Heriot Watt University is structured to cover a wide range of topics essential for understanding the complexities of financial markets and instruments. Courses include mathematics modules focusing on calculus, algebra, and probability theory, alongside specialized modules in financial mathematics, quantitative finance, and computational methods. Students also explore topics such as financial derivatives, asset pricing, and portfolio management, gaining practical experience through hands-on projects and case studies. The program emphasizes the application of mathematical techniques to analyze financial data, assess risks, and optimize investment strategies, ensuring graduates are well-prepared for the demands of the financial industry.
Research Focus: The BSc (Hons) Financial Mathematics program at Heriot Watt University encourages students to engage in cutting-edge research initiatives and explore emerging trends in financial mathematics. Faculty members conduct research in areas such as stochastic analysis, mathematical finance, and risk modeling, providing students with opportunities to participate in research projects and contribute to advancements in the field. Students are encouraged to develop critical thinking skills, analytical abilities, and research methodologies, preparing them for further studies or careers in quantitative finance, academia, or research institutions.
Industry Engagement: Heriot Watt University fosters strong links with industry partners, financial institutions, and professional bodies to ensure the relevance and currency of its Financial Mathematics program. Through guest lectures, industry seminars, and networking events, students have the opportunity to interact with practitioners, industry experts, and alumni working in various sectors of the financial industry. The university also offers internship opportunities, placement programs, and industry projects, allowing students to gain valuable practical experience, build professional networks, and enhance their employability in the competitive job market.
Global Perspective: As a leading international university, Heriot Watt University provides a global perspective to its Financial Mathematics program, attracting students from diverse cultural and academic backgrounds. The program incorporates global perspectives on financial markets, regulatory frameworks, and economic trends, preparing students to navigate the complexities of the global financial landscape. Students also have the opportunity to study abroad, participate in international exchange programs, or undertake internships with multinational corporations, gaining firsthand experience of global business practices and expanding their horizons beyond national boundaries.
Location
Edinburgh
Score
IELTS 6.5
Tuition Fee
£ 17320
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 70% or equivalent in their respective country's grading system.
English language proficiency:
- IELTS: A minimum overall score of 6.5 with no individual component below 5.5.
- TOEFL: A minimum overall score of 78, with at least 17 in Listening, Reading, Speaking, and Writing.
- PTE Academic: A minimum overall score of 54 with no individual score below 51.
- Some programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
Heriot Watt University offers a range of scholarships and financial aid options to support students in their academic pursuits. These scholarships are designed to recognize academic excellence, support specific fields of study, promote diversity, and assist students with financial need.
Heriot Watt Undergraduate Scholarships: Heriot Watt offers several undergraduate scholarships to both domestic and international students. These scholarships are awarded based on academic achievement, leadership potential, extracurricular involvement, and other criteria.
Heriot Watt Merit Scholarships: These scholarships are available to high-achieving students who have demonstrated outstanding academic performance in their previous studies.
Heriot Watt Academic Excellence Scholarships: These scholarships are awarded to exceptional students who have achieved outstanding grades in their academic qualifications.
Heriot Watt International Student Scholarships: These scholarships aim to support international students who are enrolling in undergraduate programs at Heriot-Watt University.
Heriot Watt Global Scholarships: These scholarships are open to international students and are based on academic merit and potential contribution to the university community.
It is important to note that the availability, eligibility criteria, and application deadlines for scholarships may vary each year.Heriot Watt University offers a range of scholarships to support undergraduate and postgraduate students in their academic journeys. These scholarships recognize excellence, support diversity, and assist students with financial need. Prospective students are encouraged to explore the various scholarship opportunities offered by Heriot Watt University and apply according to the specific eligibility criteria and application deadlines.
Graduates of the BSc (Hons) Financial Mathematics program from Heriot Watt University possess a unique blend of mathematical expertise and financial knowledge, making them highly sought after in various sectors of the finance industry.
Quantitative Analyst: Financial mathematics graduates often pursue careers as quantitative analysts, where they use mathematical models and statistical techniques to analyze financial data, develop trading strategies, and manage investment portfolios. They work for investment banks, hedge funds, asset management firms, and other financial institutions.
Risk Analyst/Manager: With their strong background in probability theory and risk management, graduates can work as risk analysts or risk managers, assessing and mitigating financial risks such as market risk, credit risk, and operational risk. They help organizations understand and manage risks associated with their financial activities.
Actuary: Graduates may pursue a career as an actuary, specializing in the assessment and management of financial risks for insurance companies, pension funds, and consulting firms. They use mathematical models to analyze insurance data, calculate premiums, and evaluate the financial implications of risks and uncertainties.
Financial Consultant: Financial mathematics graduates may work as financial consultants, providing advice and guidance to individuals, businesses, and institutions on investment strategies, financial planning, and risk management. They help clients make informed decisions about managing their finances and achieving their financial goals.
Quantitative Developer: Graduates with programming skills may work as quantitative developers, designing and implementing software solutions for financial modeling, algorithmic trading, and risk analysis. They collaborate with quantitative analysts and traders to develop tools and systems that automate trading processes and optimize investment strategies.
Data Scientist: In the era of big data, financial mathematics graduates with strong analytical skills may pursue careers as data scientists, analyzing large datasets to extract insights, identify patterns, and make data-driven decisions. They work in finance, technology, and other industries, leveraging their mathematical expertise to solve complex problems.
Financial Planner/Advisor: Graduates may become financial planners or advisors, helping individuals and businesses manage their finances, plan for retirement, and achieve financial security. They provide personalized advice on investments, savings, and wealth management strategies based on clients' financial goals and risk tolerance.
Research Analyst: Graduates interested in research may pursue careers as research analysts, conducting in-depth analysis and research on financial markets, economic trends, and investment opportunities. They work for research firms, think tanks, and financial publications, providing insights and recommendations to investors and decision-makers.
Academic/Teaching: Some graduates may choose to pursue further studies and academic careers, becoming researchers, lecturers, or professors in universities and academic institutions. They contribute to the advancement of knowledge in the field of financial mathematics through research, teaching, and publication.
Entrepreneurship: Graduates with an entrepreneurial spirit may start their own businesses or fintech startups, developing innovative financial products, algorithms, or software solutions. They leverage their mathematical skills and industry knowledge to create value and disrupt the traditional finance landscape.
