MACS PG Enquiries
+44(0) 131 451 8444
Actuarial and Financial Mathematics is one of the main research areas within our Mathematical Sciences grouping. PhD opportunities are alighted with the research interests of our academic staff and are broadly as follows:
- Risk management
- Actuarial mathematics
- Finance & insurance interface
- Pension metrics
- Stochastic asset models
- Pricing & hedging of derivative securities
The school also hosts the Actuarial Research Centre (ARC), the strategic medium and long-term research arm of the Institute and Faculty of Actuaries. Two major research projects funded by ARC at Heriot-Watt University will commence in 2016.
A PhD programme normally lasts for 3 years as a full time student. Part-time options are available.
We are part of the Maxwell Institute for Mathematical Sciences, a joint research institute bringing together within a single body the research activities of :
- The Department of Mathematics at Heriot-Watt University
- The Department of Actuarial Mathematics at Heriot Watt University
- The School of Mathematics at the University of Edinburgh
The institute obtained excellent results in the most recent Research Excellence Framework, REF 2014.
We are part of the Edinburgh Research Partnership in Engineering & Mathematics, alongside Edinburgh University, which consists of five joint research institutes and a joint graduate school.
We work closely with the financial services industry via the Scottish Financial Risk Academy.
Contact Professor Andrew Cairns to discuss further: A.J.G.Cairns@hw.ac.uk
Or for more general information, please send an email enquiry to: MACSpgenquiries@hw.ac.uk
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 requirement for English language is IELTS 6.5 or equivalent. We offer a range of English language courses to help you meet the English language requirement prior to starting your masters programme:
- 14 weeks English (for IELTS of 5.5 with no more than one skill at 4.5);
- 10 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills);
- 6 weeks English (for IELTS 5.5 with minimum of 5.5 in reading & writing and minimum of 5.0 in speaking & listening)
Fees & funding
Fees for this course can be found on the tuition fees page.
Scholarships & 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 research scholarships.