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.

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.

Programme duration

This full-time MSc programme lasts for 12 months

View Heriot-Watt University, Department of Actuarial Mathematics and Statistics's Website
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