12 months
33500 GBP/year
28700 GBP/year
Tuition fee
Apply date
Start date


This Financial Modelling and Optimization programme from The University of Edinburgh gives you a flexible syllabus to suit the demands of employers that use modern financial tools and optimization techniques in areas such as the financial sector and energy markets.

Visit the official programme website for more information


This Financial Modelling and Optimization programme from The University of Edinburgh   will give you sound knowledge in financial derivative pricing, portfolio optimization and financial risk management.

We will also provide you 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.

Links with Industry

The School of Mathematics has connections with a wide number of industrial partners, organisations, charities and government departments. As an MSc student in the School you will have opportunities to engage with these external organisations through regular employability events, careers workshops, and our annual analytics challenge (whose recent partners have included Edinburgh Airport and the Data and Marketing Association). There is also the opportunity to undertake a dissertation project with an external partner.

Recent partners for industry-based dissertations in the Financial Modelling and Optimization MSc include:

  • Moody’s Analytics
  • Lloyds Banking Group
  • Bank of England
  • Hymans Robertson

Career opportunities

Graduates have gone on to work in major financial institutions or to continue their studies by joining PhD programmes.

Programme Structure

Compulsory courses:

  • Discrete-Time Finance
  • Stochastic Analysis in Finance
  • Fundamentals of Optimization
  • Research-Linked Topics
  • Finance, Risk and Uncertainty
  • Risk-Neutral Asset Pricing
  • Numerical Probability and Monte Carlo
  • Optimization Methods in Finance

Key information


  • Full-time
    • 12 months
  • Part-time
    • 24 months

Start dates & application deadlines

More details



180 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
Upper Second Class

Other requirements

General requirements

  • A UK 2:1 degree, or its international equivalent, in mathematics or a mathematical subject such as statistics, physics or engineering.

Tuition Fee

To alway see correct tuition fees
  • International

    33500 GBP/year
    Tuition Fee
    Based on the tuition of 33500 GBP for the full programme during 12 months.
  • National

    28700 GBP/year
    Tuition Fee
    Based on the tuition of 28700 GBP for the full programme during 12 months.
Part-time fees per year
  • Home: £14,350
    • International/EU: £16,750

Living costs for Edinburgh

725 - 1167 GBP /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.



Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Financial Modelling and Optimization
The University of Edinburgh


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