Key information

Location
Edinburgh
Mode of delivery
On-campus
Delivery type
Full-time, Part-time
Start date
September
Duration
1 year
Qualification
MSc

Contact

Contact our enquiries team

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Overview

One of the UK's most established Investment Management MSc programmes, this CFA Accredited degree provides access to the expertise of leading finance academics and senior investment professionals, and hands on experience of Bloomberg Trading Terminals.

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.

September 2024 entry

The deadline for applications from UK students is 30 August 2024. For EU and overseas applicants, we guarantee to consider applications submitted by 2 August 2024.

Video

Course content

Year 1

Semester 1

Mandatory
  • Capital Markets
  • Portfolio Management
Optional
  • Corporate Finance
  • Corporate Governance and Sustainability
  • Financial Analysis
  • International Accounting Standards

Semester 2

Mandatory
  • Research Methods
  • Current Topics in Investment Management
Optional
  • Emerging Financial Markets
  • Comparative Financial Reporting
  • Derivatives
  • Empirical Financial Modelling
  • Advanced Valuation of Financial Markets

Dissertation

Over the summer months students undertake a dissertation.

* Students who intend to sit the CFA examinations are advised to study Corporate Finance, International Accounting Standards, Comparative Financial Reporting, and Derivatives as their optional courses.

Capital Markets

Examines the way capital markets and institutions function in practice, with particular emphasis on equities and bonds.

Portfolio Management

Introduces portfolio management as a logical process, providing organisation and structure to what is a complex set of procedures.

Corporate Finance

The aim of this course is to introduce you to contemporary topics in corporate finance and look at the major decisions facing a firm in this area.

Corporate Governance

Develops understanding of issues relating to corporate governance and the financial research methods used to approach them including principal-agent theory, ownership structure and control, board of directors, CEO turnover, mergers and acquisitions and state versus private ownership.

Financial Analysis

Looks at how to analyse the financial performance of an organisation through the use of published financial information.

International Accounting Standards

Evaluate theories and empirical studies in the areas covered by international standards of accounting, analyse the outcome of the standard setting process from different theoretical perspectives, and assess observed practices in terms of regulatory and cultural frameworks.

Current Topics in Investment Management

This is specialised course that sees senior investment practitioners come in each week to give guest lectures, which not only provide insights into the investment industry but also allow you to gain a real world understanding of the knowledge and theories you are studying.

Research Methods

Looking at both qualitative and quantitative techniques this course will equip students with the means to develop and carry out their own research projects and to evaluate the contributions of others.

Comparative Financial Reporting

Provides an international perspective to the study of accounting by looking at the reasons for national differences, the tendencies towards harmonisation, the problems of multinational companies, as well as analysis and evaluation of financial reports prepared in other countries.

Derivatives

Develops a thorough understanding of financial derivative instruments, and be able to appraise their application in risk management.

Emerging Financial Markets

Supplements understanding of mainstream finance during the year, and applies it to the specific circumstances of emerging financial markets. This exposure is also designed to assist you with identifying possible dissertation topics and data sources.

Research in Finance

Covers quantitative methods used in research in the area of finance and financial markets. It will extend knowledge from the main Research Methods course by equipping students with modern methodology applied for the time series analysis. The first part of the course is focused on the theory and the second one on practical applications in the computer lab.

Students will build models of stock and currency prices, evaluate them using different criteria and use them for the forecasts and formulation of trading strategies. They should perform their own work using real data from financial markets. By applying modern econometric methods, students will prepare themselves for their dissertation as well as for further research, either in academia or in the non-academic world.

Programme leader

The MSc Investment Management is delivered by a dedicated team of lecturers from the Accountancy, Economics and Finance subject disciplines within the School of Social Sciences who all have specialist knowledge in their respective subject areas.

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 School's 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, to explore areas of mutual interest and thereby increase the practical relevance of our teaching and research. The results of this feed directly into the teaching on MSc Investment Management, allowing you to benefit from the latest thinking and developments within the field.

Additional information

Guest lectures, given by investment practitioners, are an integral part of the programme and provide insights into some of the key issues facing the investment management industry today.

The MSc Investment Management programme includes the course Current Topics in Investment Management for which senior investment practitioners give guest lectures each week. This will allow you to gain a real world understanding of the material you are studying.

MSc Investment Management students and alumni are also invited to attend the Centre for Finance & Investment Annual Debate each October.

Go Global

Some of our Postgraduate Taught Masters Programmes are eligible for Inter-Campus Transfer. Please contact studywithus@hw.ac.uk for further information.

Fees and funding

Tuition fees

Tuition fees
Status [footnote 1] Full-time Part-time
UK 9152 4576
Overseas [footnote 2] 20376 10188

Footnotes

  1. Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.
  2. Overseas includes applications from European Union countries who do not hold Pre-Settled or Settled status in the UK. Read more about the application process for EU nationals.

Scholarships and bursaries

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.

View our full range of postgraduate scholarships.

Entry requirements

Entry

A good Honours degree (first or second class), or its non-UK equivalent, in a relevant subject from a recognised British or overseas university.

No investment management experience is required but some prior knowledge of finance and/or accounting would be an advantage.

English language requirements

If your first language is not English, or your first degree was not taught in English, we'll need to see evidence of your English language ability.

The minimum English language requirement for entry to this programme is IELTS 6.5 (or equivalent) with no component lower than 6.0.

If you do not have IELTS 6.5, we offer a range of English language courses to help you meet the English language requirement for this programme prior to commencing your studies:

  • 20 weeks English (for IELTS of 5.0 with no skill lower than 4.5)
  • 14 weeks English (for IELTS of 5.0 with minimum of 5.0 in writing and no skill lower than 4.5)
  • 10 weeks English (for IELTS of 5.5 with no skill lower than 5.0)
  • 6 weeks English (for IELTS 5.5 with no skill lower than 5.5)

Why Heriot-Watt?

Clubs and activities

At Heriot-Watt we have an extensive programme of over 90 sports clubs and societies to get involved in. You can try as many as you like or start one of your own!

Edinburgh campus accommodation

Living on our beautiful Edinburgh campus is a great way to meet others from all over the world. Our student accommodation is within easy reach of the teaching buildings, sports facilities, catering venues and the Student Union

Edinburgh Campus facilities

At Heriot-Watt University, we offer a wide range of services to help you deal with all aspects of your life with us, whether these be academic, personal, technical, financial or just plain fun!

Health and wellbeing

Student Wellbeing Services aim to provide a range of support, guidance, activities and advice to help students to be their best, and get the most from their university experience. From counselling to coaching we'll sure you are fully supported.

Heriot-Watt Student Union

There's more to university life than simply getting your degree, and Heriot-Watt University Student Union is all about helping you to have the best possible experience while you study here.

Living in Edinburgh

Historic and beautiful, a cultural capital that fuels the senses whether you love the arts or nature, nightlife or study life, Edinburgh is stimulating and inspirational and never, ever boring.

Sport facilities

Oriam, Scotland Sports Performance Centre offers state-of-the-art sports facilities, for all levels of sport and ability

Your career

Employers around the world actively seek out our graduates because they are work-ready. All our degrees are career-focused and relevant to the needs of industry. Around 95% of our students are in employment or further study within six months of graduating.

We are accredited by the following organisations

At Heriot-Watt University we develop degrees that are relevant for the world of work. We work with Professional bodies and Institutes to gain appropriate Accreditations and Professional Memberships for your industry. Find out below how this degree aligns to industry.

Chartered Financial Analyst Institute logo

Chartered Financial Analyst Institute (CFA)

This degree is recognised as an affiliated degree by the Chartered Financial Analyst Institute (CFA®) through their University Affiliation Program.

Bloomberg Experiential Learning Partner

Bloomberg Experiential Learning Partner

Heriot-Watt University is accredited as a Bloomberg Experiential Learning Partner, recognising us as a leader in experiential learning in the area of finance.

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