Master of Science in Actuarial Management with Data Science

at Heriot-Watt University - Edinburgh Campus United Kingdom

This is one of the few dedicated Applied Mathematics MSc programmes in the UK. For over 40 years Heriot-Watt has been exceptionally strong in Applied Mathematics and we have world-leading researchers in many related areas and very good links with industry.

Our flexible programme is designed to equip students with the modern, transferrable mathematical and statistical skills to prepare them for careers in industry and research.

Students will gain a solid, theoretical and practical foundation through a diverse range of taught courses and applications oriented projects.

Together with experienced industry advisors this course is brand new and fundamental to the modern petroleum industry.

The bulk of the world’s hydrocarbons come from producing assets – so-called 'mature fields'. In turn, these supply the bulk of the world’s energy.

Managing these assets is therefore a central aspect of global energy supply, and will become more so as the world’s giant fields become progressively more mature. Most industry jobs in exploration and production will be in this arena, requiring a talented workforce to fill them for decades to come.

Heriot-Watt's Institute of GeoEnergy Engineering has therefore created a new Master's programme to address this need.  The topical content is necessarily broader than the existing IPE programmes, embracing not only geoscience, reservoir and well engineering but also surface engineering and the linkage between them in the form of Integrated Asset Management (IAM).

The subject also demands a grasp of incremental petroleum economics and risk analysis, and a methodology for handling decision-making in assets in which production and data gathering are continuous.  This methodology provides the link between the programme components and sits at the core of the group exercise, with Edinburgh’s own Forth Bridge as a visual metaphor for the process.

Finally the programme deals with the asset end-game. When does production cease, how can field life be extended, how do we decommission (or then recommission?) and what are the potential uses of these reservoirs in the post-carbon era?

Chemistry is a dynamic and exciting subject which makes many important contributions to the world. It is a major contributor to the Scottish and UK economies and as such is a secure career pathway. Chemistry plays a crucial role in developing new medicines, materials and energy sources using greener methods for a better future.

At Heriot-Watt University, we make sure the theory we teach is linked to these practical applications so that when our students graduate they are ready to address the biggest of global challenges.

The courses on BSc Chemistry include extensive laboratory work throughout. They provide students with hands-on experience and opportunities to link theoretical knowledge from lectures to the real world. As a result, our students develop practical lab experience as well as much needed teamwork, problem solving and communication skills.

Knowledge in operations management is an important requirement of managers across all business functions and there is an increasing demand for operations management specialists in every type of organisation.

This is a specialist MSc
MSc Operations Management is a specialist MSc programme led by academics at the Edinburgh Business School. As a specialist masters, this degree gives those who have worked in industry or studied a similar subject previously, the chance to expand, refine and enhance their knowledge.

This 1-year masters programme focuses almost entirely on the area of operations management. It blends cutting-edge academic thinking with best practice from industry to give graduates and professionals the opportunity to advance with a highly employable skillset.

Heriot-Watt's top ranking reputation leads to great career prospects in the construction industry. We are ranked 1st in the UK for Building in The Complete University Guide 2021.

Quantity surveying provides clients of the construction industry with financial, contractual and technical advice ensuring they get value for money from the buildings they construct. The modern quantity surveyor is a construction professional who may be involved at all stages of the design and construction process, from providing business strategy and advice, working with architects and design team consultants, through to overseeing the onsite construction phase.

Our Quantity Surveying course will give you all the skills and knowledge necessary to become a successful quantity surveyor. While studying quantity surveying (QS) at Heriot-Watt you will learn the fundamental elements of building before focusing on QS practice and learning how to manage the cost, legal and economic elements.

At the forefront of the Brewing and Distilling industry for the UK.

The course is designed to educate potential managers of the malting, brewing and distilling industries and to provide a full understanding of the science and technology of the processes involved from cereal farming to bottling and packaging.

The programme has been developed in co-operation with senior representatives of the brewing, malting and distilling industries who are members of the Education Board of the International Centre for Brewing and Distilling. Graduates have detailed knowledge and understanding of science and technology, along with the practical skills to become leaders within the food and drink sector.

The psychology component of the course (75% of the curriculum) covers the discipline’s main areas, namely social psychology, developmental psychology, cognitive psychology, biological psychology, individual differences, and research methods, and emphasises their application to various employment-related contexts. The management component (25%) of the course introduces (and allows specialism within) marketing, human resource management, finance, and management.

Teaching is mainly via lectures, but large numbers of tutorials mean that staff and students know one another well. Assessment features a mixture of coursework and examination.

Robotic and autonomous systems are now used in areas such as autonomous vehicle guidance, healthcare, remote surgery, industrial manufacturing and domestic assistance. This multi-disciplined BEng Robotics degree brings together electronics, computer software, and mechanics. In the first three years, you’ll be given a background in all three disciplines, along with the opportunity to build integrated systems. In the final two years, you can either continue with a broad-based curriculum, or specialise in particular aspects of contemporary robotics.

The MEng Robotics degree includes a six-month industry placement, during years 4 and 5. Advanced courses can also be chosen from the three departments: Electronic Engineering, Computer Science, and Mechanical Engineering.

Construction Project Management at Heriot-Watt University is one of the longest-running courses of its kind in the UK, equipping graduates with the theoretical knowledge and practical and technical skills to manage people and projects within the construction industry.

To enhance your career prospects and international experience, we are now offering our established and standard one year Construction Project Management Masters over two years through offering a ‘with Industry Placement’ alternative.

This ‘with Industry Placement’ option offers a practical experiential element over the traditional one-year degree structure, allowing you to reflect on theory and practice.

This degree is delivered by the Centre of Excellence in Sustainable Building Design, a leading body recognised by the Royal Academy of Engineering. This is one of four such centres established at UK universities that jointly form a national network to demonstrate and exchange best practice in teaching and research for the sustainable built environment.

Edinburgh is a major centre for investment management with a long and proud history. The MSc in Investment Management provides key investment knowledge with a specific industry focus. A unique feature of the programme is the Current Topics in Investment Management course, where senior investment practitioners give weekly guest lectures, providing insight into the investment industry and allowing students to gain a real-life perspective on the knowledge and theories they are studying.

Discussion of academic theories and their limitations is combined with an emphasis on practical application. Staff teaching on the programme are at the forefront of research and practice in finance and investment management and most are also members of the Centre for Finance & Investment (CFI) which brings Heriot-Watt academics with an interest in finance and investment together with senior practitioners from the local financial community.

Bloomberg Trading Room:

• Heriot-Watt University opened its very own Bloomberg Trading Room in September 2018. Equipped with 12 state-of-the-art Bloomberg Terminals, this world-class facility provides opportunity to learn real-world financial skills. You will be able to gain a Bloomberg Certificate to show that you can use the industry-standard software which provides live financial data and trading tools to the world's leading banks and organisations.

Accreditation:

• We have links with several professional bodies, in particular the Chartered Financial Analyst Society of the UK, the Actuarial Profession and the Chartered Institute for Securities and Investment.