University of Edinburgh

University of Edinburgh

Financial Modelling and Optimisation

This programme aims to give students sound knowledge in financial derivative pricing, portfolio optimization and financial risk management; it also provides them with the skills to solve some of today�s financial problems, which have themselves been caused by modern financial instruments; this expertise includes modern probability theory, applied statistics, stochastic analysis and optimization.

Entry requirements

The minimum entry requirement is a UK 2.1 degree, or its international equivalent, in mathematics or a mathematical subject such as statistics, physics or engineering; applicants whose 1st language is not English require: IELTS 6.5 (with at least 6.0 in each module); TOEFL internet-based test 92 (with at least 20 in each module); PTE 61 (with at least 56 in each of the communicative skills sections); or CPE grade C or CAE grade B.

Course modules

Core modules include: discrete-time finance; finance, risk and uncertainty; fundamentals of optimization; optimization methods in finance; research-linked topics; risk-neutral asset pricing; simulation; stochastic analysis in finance 1; stochastic analysis in finance 2. Optional modules include: advanced time series econometrics; combinatorial optimisation; credit scoring and data mining; dynamic and integer programming; financial risk management; game theory; introduction to java programming; large scale optimization; microeconomics 2; nonlinear optimization; parallel numerical algorithms; risk analysis; stochastic modelling; stochastic optimisation.

Assessment methods



Qualification Study mode Fee Course duration
MSc Full-time £ 19,700 per Academic year (home fees) 1 years
MSc Full-time £ 22,950 per Academic year (overseas fees) 1 years
MSc Part-time £ 9,850 per Academic year (home fees) 2 years
MSc Part-time £ 11,475 per Academic year (overseas fees) 2 years
PgDip Full-time £ 19,700 per Whole course (home fees) 9 months
PgDip Full-time £ 22,950 per Whole course (overseas fees) 9 months

Campus details

Campus name Town Postcode Region Main campus Campus Partner
University of Edinburgh Edinburgh EH8 9JU Scotland

Key information

Programme Secretary
Telephone number: 
0131 650 4885