Investment Management MSc/Diploma
- Delivery: Full Time
- Programme type: Taught Programme
- Study location:
- Entry date:
Our MSc Investment Management programme is designed to equip students with the skills and knowledge required for a rewarding career in financial analysis and investment management, a major industry in Edinburgh with a long and proud history.
Discussion of academic theories and their limitations is combined with an emphasis on practical application. A distinctive characteristic of the programme is the large number of senior investment practitioners who act as guest speakers and who can advise students on future career choices.
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,
Member of CFA® Institute University Recognition Program
The MSc in Investment Management has been accepted into the CFA Institute University Recognition programme. This status is granted to institutions whose degree program incorporate at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams.
About the CFA Program
The CFA Program sets a standard for developing the skills, standards, competence, and integrity of financial analysts, portfolio managers, investment advisers, and other investment professionals worldwide. It is considered the investment professions' most rigorous credentialling program. Administered in English, the CFA curriculum and examinations are identical worldwide.
The Centre for Finance and Investment (CFI) also has close links with the programme and the Centre’s Industry Advisory Board works closely with the academic staff to help advise students on future career choices.
The demand for postgraduate-level credentials in the investment industry reflects the growing complexity of the field. Graduates from the programme can go on to a variety of professional careers within financial services including: financial analyst; fund manager; investment banker; stockbroker; foreign exchange dealer; and financial adviser.
Some graduates will go on to PhD study at universities both in the UK and abroad.
|Semester 1 (Sept - Dec)||Semester 2 (Jan - April)|
|Financial Markets *||Current Topics in Investment Management|
|Portfolio Management||Research Methods|
Over the summer months students undertake a dissertation.
* Students who successfully complete the Financial Markets course and the MSc Investment Management will be entitled to apply for an exemption from the Chartered Institute of Securities & Investments (CISI) Financial Markets module. Exemption from the CISI Financial Markets module would mean students need only pass an exam in two further modules to gain the CISI Masters in Wealth Management qualification.
** 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.
Financial Markets *Semester 1 (mandatory)
Examines the way financial markets and institutions function in practice, with particular emphasis on equities and bonds.
Portfolio ManagementSemester 1 (mandatory)
Introduces portfolio management as a logical process, providing organisation and structure to what is a complex set of procedures.
Current Topics in Investment ManagementSemester 2 (mandatory)
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 MethodsSemester 2 (mandatory)
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.
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 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:
- 2 semesters English (for IELTS of 4.5 with minimum of 4.0 in all skills)
- 12 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills)
- 6 weeks English (for IELTS of 5.5 with minimum 5.5 reading & writing and 5.0 listening & speaking)
Fees for this programme can be found on our Tuition fees page.
Scholarships & bursaries
Alumni Scholarship Scheme
British Chamber of Commerce in Germany Foundation Scholarship (German students)
Carnegie-Cameron Taught Postgraduate Bursaries
Applicants must be Scottish by birth, have at least one parent born in Scotland or have been continuously resident in Scotland for a period of three years for the purpose of secondary or tertiary education.
Commonwealth Scholarship and Fellowship Plan
International (Commonwealth citizens)
Department for International Development (DFID) Commonwealth Shared Scholarship Scheme
East Lothian Educational Trust
Applicants must be a resident of the old county of East Lothian (ie excluding Musselburgh, Wallyford and Whitecraig.)
Entente Cordiale Scholarships
French nationals aged 35 or under.
Esmee Fairbairn Scholarship
Ian Rushbrook Scholarship
MSc Investment Management students only
International Scholarships Programme
Non UK/EU applicants
Japan Scotland Association Scholarship
Japanese nationals planning to enter a postgraduate course at Masters level at a Scottish University.
Leverhulme Trade Charities Trust
Restricted to residents of the UK who are a son, daughter, spouse, widow or widower of a commercial traveller, chemist or grocer.
Local Education Authority Awards
Part-time Fee Grant (SAAS)
See SAAS residence conditions.
Postgraduate Student Allowance Scheme (SAAS)
EU and UK applicants who meet the SAAS criteria on eligible courses
Remission of Fees (families of staff)
Spouses/civil partners and children of members of staff, also retired members of staff of the University
Royal Caledonian Schools Trust
Applicants must be of Scots parentage (conditions apply - see below)
SML International Merit Scholarship
Scotland's Saltire Scholarships
Citizens of Canada, the People's Republic of China, India or USA (2 awards for each country)
Employees of Heriot-Watt University
Tullow Group Scholarship Scheme
Available for specified MSc programmes only and for nationals of specified countries.
West Lothian Educational Trust
Individuals must have originated in West Lothian or have lived there for the last 3 years.