Clearing available

Clearing is available for the following locations:

  • Scotland (Widening Access Places only)
  • England, Northern Ireland and Wales
  • International
Apply for Clearing

The course

UCAS code
Up to 4 years
Delivery type



The MA in Finance is focused on graduate employability in the financial sector in its broadest sense. The course is a specialist degree responding to the rapid growth in global financial services. It is particularly suited to those seeking entry into the banking or investment management sectors, both nationally and internationally, covering a range of relevant specialist topics in finance.

Whilst studying this degree you will have the opportunity to enhance your employability skills through the use of Heriot-Watt's state-of-the-art Bloomberg Trading Lab which opened on Edinburgh campus in 2018. Students can use 16 industry-standard Bloomberg Trading Terminals to access up to the minute financial data and learn financial analytics as well as so much more.


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

Course content

Detailed course guide

Year 1

Semester 1

  • Introduction to Accounting
  • Introductory Economics
  • Management in a Global Context
  • Elective (Year 1)

Semester 2

  • Introduction to Finance
  • The Economy
  • Enterprise and its Business Environment
  • Elective (Year 1)

Year 2

Semester 1

  • Financial Markets Theory
  • Quantitative Methods
  • Option (Year 2)
  • Elective (Year 1 or 2)

Semester 2

  • Corporate Financial Theory
  • Statistical Techniques
  • Option (Year 2)
  • Elective (Year 1 or 2)

Year 3

Semester 1

  • International Bond & Currency Markets
  • Mergers & Acquisitions
  • Option (Year 3)
  • Elective (Year 1, 2 or 3)

Semester 2

  • Financial Derivatives
  • Managing Corporate Value
  • Research Methods
  • Elective (Years 1, 2 or 3)

Year 4

Semester 1

  • Agency Theory and Corporate Governance
  • Risk Management and Derivatives
  • Option (Year 4 Accountancy, Finance or Economics)

Semester 2

  • Contemporary Issues in Finance
  • Equity Markets & Funds Management
  • Option (Year 4 Accountancy, Finance or Economics)

Across both semesters

  • Finance Dissertation
Unistats course data


Work and study

This is what our MA (Hons) Finance students are doing six months after graduating:

  • 55% are working
  • 10% are studying
  • 25% are working and studying.

Managerial/professional position

  • 85% of those working are in a professional/managerial position six months after graduating.


  • The average salary of students six months after graduating: £25000
  • The average UK salary of students six months after graduating from a similar course: £22000


These are the most common jobs students go into six months after graduating:

  • Business and public service associate professionals
  • Business, research and administrative professionals
  • Elementary occupations
  • Sales occupations
  • Managers, directors and senior officials
  • Administrative occupations

Entry requirements

Year 1

  • Highers AAAB
  • A-Levels BBB
  • HNC B in graded unit
  • Int. Baccalaureate 29 points

Year 2

  • A-Levels ABB in relevant subjects
  • Advanced Highers BB in relevant subjects, plus AAAB at Higher.
  • HNC Relevant HNC. A in graded unit.
  • HND BB in graded units, relevant HND.
  • Int. Baccalaureate 34 points plus relevant subjects
  • Additional information Please note that level 1 entry is the normal route for those wishing to gain the maximum number of available exemptions from professional examinations of accountancy bodies such as ACCA and ICAS.

Year 3

  • HND Relevant HND. AA in graded units.

Additional information

  • Intermediate 2 / National 5 / GCSE English and Mathematics are required for entry to all levels of our Accountancy and Finance courses.


Tuition fees for 2019 entry (by residency status)
Status* Scotland / EU** England / Northern Ireland / Wales*** International
Fee Paid by SAAS £9,250 £14,640

* 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.

** European Union countries (not including England, Northern Ireland or Wales).

*** 'Rest of the UK' (RUK) students entering at Level 1 receive a fee waiver of one year's tuition fee. Normally this will be the final year, or a year during which students study abroad (either at a partnership institution, or at one of Heriot-Watt's overseas campuses).

Scholarships and bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales starting undergraduate degree courses in 2018

In addition to government maintenance loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible students from England, Northern Ireland or Wales:

View our full range of undergraduate scholarships.