Master of Science in Actuarial Science and Management

at Heriot-Watt University - Edinburgh Campus United Kingdom

This is an advanced, specialist course in the rapidly expanding area of renewable energy engineering with a clear Mechanical Engineering focus. The course is aimed at students wishing to develop critical understanding of the significant changes afoot in the energy system due to the development and integration of wind, marine, biomass and solar technologies. The course will enable graduates to develop and implement creative solutions to the problems encountered in renewable energy capture, conversion, storage and management.

Students will gain the knowledge and skills to assess renewable energy resources, design appropriate renewable energy systems, evaluate the performance of these systems and assess the wider impacts of renewable energy development. The course provides introductory courses to fundamental energy science and current energy issues, while the project-led courses focus on the design of renewable energy systems. The course concludes with a research-led dissertation in the summer.

Renewable energy research focuses on six main areas:

• Photovoltaics and Solar Energy
• Wind and Marine Energy
• Renewable Energy Systems
• Minimising CO2 Emissions
• Biofuels
• Wind and Marine Energy

Our Commercial Management and Quantity Surveying course is designed to meet the needs of the financial management and quantity surveying sectors. The degree offers a solid theoretical base, combined with a strong focus on industrial relevance. This means that you’ll quickly be able to make a positive contribution to the success of your working environment, and the development of your own professional careers. Our students are often recruited by international construction and quantity surveying practices. Graduates also develop careers across different sectors of industry and commerce.

This course 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.

This course provides graduates with advanced mathematical skills and fluency in their chosen language, offering a valuable combination of technical expertise and linguistic excellence. Mathematical and language skills will be enhanced by studying mathematics for a year at one of the foreign partner universities. Languages on offer are French (G1R1), German (G1R2) and Spanish (G1R4). Graduates in mathematics and languages are consistently near the top of graduate employment tables, and the coupling of disciplines in this degree course ensures a highly marketable qualification.

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.

Entry to the actuarial profession is by a demanding series of examinations, but the rewards after qualifying are great. The Institute and Faculty of Actuaries in the UK has four levels of examinations to qualify. The first level, the Core Principles (CS, CM and CB) subjects, are taught in our BSc or MSc in Actuarial Science and lead to exemptions from subjects CS1, CS2, CM1, CM2, CB1 and CB2.

Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects.

Students will typically study CP1, CP2, CP3 and up to three SP subjects (two SP subjects are needed to satisfy the profession's requirements).

Taking our MSc in Actuarial Management is a great way to speed your progress to this most prestigious of careers - it's designed to take you almost all of the way to qualification.

Economics is the study of how individuals, firms and governments make choices, and how these choices determine the way in which resources are distributed across society. It helps us understand and improve decision-making for ourselves, organisations and societies, and it throws light on issues as diverse as the environment, unemployment, inflation, poverty, globalisation and trade.

This degree will give you the skills to investigate, analyse and answer such questions. Your learning will be underpinned by the knowledge of highly respected economists who design and teach our courses with a global outlook and real-world focus, stemming directly from their research into global economic issues.

This fascinating undergraduate degree begins at an introductory level so you do not need to have previous knowledge of economics in order to study the programme.

This masters degree is designed to enhance your employment potential across international banking, accounting and finance functions of multinational organisations.

With a focus on the ever-changing global financial markets, this MSc in Accounting and Finance aims to equip graduates with highly employable expertise and a thorough understanding of current issues in global financial markets – both academically and professionally.

On this MSc you will take six main courses on the subject of international accounting and be offered a choice of one specialist per semester. These courses will give you an international perspective on accounting and help you understand things like national differences, harmonisation and the challenges and problems facing multinational companies.

You will have the opportunity to apply your newly acquired knowledge and expertise gained from courses in international banking, financial markets and accountancy to a subject of interest to you in your dissertation research project which is undertaken during the summer months.

This Physics degree covers subjects including dynamics, electromagnetic fields and optics. These areas lead onto the quantum world of subatomic particles, the unique nature of laser light, and the philosophically challenging ideas of quantum physics and astrophysics. Mathematics also plays an important part in understand physical concepts in more depth. In later years, the course will offer you various topics, including Laser Physics, Photonics, Semiconductor Physics, Instrumentation, Nuclear Physics and Elementary Particles.

Through research projects, you’ll be able to develop skills in experimental design or computational modelling. The course will also help with your practical abilities, initiative and teamwork. The Physics degree is mathematically rigorous and suitable if you’re interested in a career in research.

The 2020 National Student Survey placed chemical engineering at Heriot-Watt as 1st in Scotland and 5th in the UK, based on students’ overall satisfaction with our programmes.

The Times and Sunday Times Good University Guide 2021 ranked Heriot-Watt University as 1st in Scotland and 4th in the UK for Chemical Engineering.

Our MEng in Chemical Engineering provides students with both the theory and practical application expected by industry. We have strong links with professional communities, allowing us to enhance the career prospects of our graduates.

Programme structure:
The MEng programme is a five-year degree which shares the same first four years with the BEng programme. You choose which route to follow at the end of your 4th year, giving you the flexibility to decide which degree best suits your career ambitions.

Our MEng programme gives you a sound understanding of both the chemical and process engineering fundamentals that you need to become a professional chartered engineer. In addition to a grounding in science, maths and engineering, our students acquire practical abilities that are highly sought after by industry.

The final year of the MEng programme offers a range of advanced courses to broaden and deepen students’ understanding of chemical and process engineering. Students study optional courses from a range of specialist engineering subjects along with an extensive research project. Final year MEng students also undertake a commercial tender-based exercise taking on the role of an engineering design house pitching for business to our industrial advisory board.

The subjects available for BSc Combined Studies at the Edinburgh Campus are:

• Actuarial Science
• Biological Sciences
• Building Engineering
• Chemical Engineering
• Chemistry
• Civil Engineering
• Computer Science
• Electrical and Electronic Engineering
• Information Systems
• Mathematics
• Mechanical Engineering
• Physics
• Statistics.

You can also combine the above subjects with one of the following:

• Accountancy and Finance
• Economics
• Languages
• Management.

A Combined Studies degree allows students to design their own degree course from the subjects offered at Heriot-Watt University. Students take a range of subjects not covered by other degree courses and can pick the right set of subjects from the wide range available to meet individual learning goals. Students can adapt their study on a part-time basis or at a distance. With the help of a Director of Studies, students can devise a study course that will support their ambitions.