Master of Science in Economics, Banking and Finance

at Heriot-Watt University - Edinburgh Campus United Kingdom

Data science today is becoming increasingly important within the actuarial field, and Heriot-Watt has developed this unique new programme to meet this growing actuarial demand.

Taking our MSc in Actuarial Management with Data Science 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. Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects.The MSc in Actuarial Management with Data Science introduces exciting new opportunities for actuaries of the future.

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. Students will typically study CP1, CP2, CP3, two SP subjects (two SP subjects are needed to satisfy the profession's requirements) and two courses on data science applied to insurance.

Actuarial data science combines advanced statistical modelling and analysis with modern computational techniques in order to analyse potentially large datasets arising in insurance and finance. These analyses have the ability to improve forecasts and enhance decision making in an uncertain environment where rapid advancements in technology and data availability are transforming fields of actuarial work. Additionally, they are building synergies with new sectors such as medical and healthcare. This is an area of science and technology that is attracting significant interest and that will continue to grow for the foreseeable future, as more and more industries adopt data-driven and data-centric approaches.

Students graduating from the MSc will have excellent employment prospects that are not restricted to any one narrow sector of financial services. By their choice of IFoA subjects, they may target the life, pensions, asset management, investment and risk management sectors. They will be in demand in quantitative risk management roles in both banks and insurance companies, as well as fund management companies, hedge funds, consultancies, software vendors and regulatory authorities. The market for graduates with actuarial qualifications complemented with data science skills is growing fast and we expect that it will continue to grow for the foreseeable future.

The Bachelor of Business Administration (BBA) degree aims to develop students’ understanding of the area of Business Administration and Management and develop practical skills appropriate for careers in this area. Theory and practice are given equal emphasis to give a holistic understanding of the role of Business Administration as well as knowledge of and skills associated with business start-up, growth and innovation.

The MA in Economics and Business Management requires no prior knowledge of the core subject areas of management or economics. The course offers flexibility, allowing students to tailor their choices to suit their own interests. It provides students with the skills necessary for an understanding of both economic and management situations but which are equally transferable to many other situations.

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.

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.

MSc Artificial Intelligence (2 years) is a newly designed two-year conversion programme. It has been created to provide the perfect stepping stone for students aiming for a career in artificial intelligence, who may not be coming directly from a computing background.

This two year programme offers an opportunity for students looking to transition to a new career path in artificial intelligence (AI), who may be coming from a background outside computing. Whether your experience lies in psychology, linguistics, science, technology or the arts, this pathway programme is a rare opportunity to become well-versed in the advanced, challenging field of AI.

The programme aims to provide intensive and high-quality preparatory graduate and postgraduate education in artificial intelligence, all within just two years. The collective programme will be taught by a variety of traditional and innovative means, making use of applied topical material relevant to research and industry. This will create a supply of robustly prepared postgraduates with skills relevant to research and industrial applications of AI, in the UK and internationally.

The GA programme covers the Civil Engineering modules of structures, geotechnics, water engineering and transportation engineering, and provides students with the key skills and knowledge required to become professionally recognised civil engineers, capable of playing key leadership roles in your organisation.

The purpose of this programme is to produce graduates with the required skills, knowledge and attributes to fulfil the role of Civil Engineer with key skills of project management and the important attributes and behaviours to make them responsible and reflective problem-solvers, critical-thinkers and managers.

Key areas of the programme:

The subject programme is based on our long established BEng (Hons) and MEng Civil Engineering programs, both accredited by JBM. The primary focus of the Civil Engineering Graduate Apprenticeship Programme is on developing the knowledge, understanding and skills outcomes sought by employers.

Our BEng (Hons) Architectural Engineering covers a broad range of engineering-related disciplines including mechanics, construction, energy, thermal performance, water and wastewater, acoustics, and human behaviour.

The degree is designed to give you the knowledge and skills needed by industry to design buildings of the future that not only provide sustainable and low-energy built environments that have a positive influence on the health and wellbeing of the people who use them, but buildings that are also resilient and adaptable to future climate change. The later years of the degree focus on practical inter-disciplinary design and management skills, with an emphasis on your personal development as an architectural engineer within the professional environment.

Our architectural engineering degrees are supported by the Architectural Engineering Industrial Advisory Board, which includes representatives from major multi-national employers, ensuring our degrees are exactly what industry needs.

Data Scientist has been dubbed the 'sexiest job title' (Harvard Business Review, 2012) with IBM predicting a 28% growth of jobs by 2020. The UK government has set out their strategy for the UK to be a world leader in data science to enable the growth of the UK economy. Data Scientists require a combination of statistical analytical skills, the ability to process large volumes of data efficiently, c.f. Big Data, and then to generate visualisations to explain the results.

This two year programme offers an opportunity for graduates looking to transition to a new career path in Data Science, yet coming from a background outside Computing. Whether your experience lies in Science, Technology, Mathematics or the Arts, this pathway programme is a rare opportunity to become well-versed in the advanced, challenging field of Data Science.

The MSc in Computing is a two year postgraduate degree. The first year imparts the knowledge and skills needed to study the subject at masters level in the second.

This new degree is open to graduates coming from any discipline. They will start by learning the art of software engineering, study some key computing topics and develop relevant research and technical English skills that prepare them for advanced study of computer science in the following year.

At the end of Year 1 students may progress to Year 2 or graduate instead with a Graduate Diploma in Computer Science.