MSc Applied Statistics in Finance from University of Strathclyde
Overview - MSc Applied Statistics in Finance at the University of Strathclyde
ScotsGrad works with University of Strathclyde closely as the directors of ScotsGrad being Strathclyde graduates themselves may make the communication that much easier to explain about what Glasgow has to offer as the home of Strathclyde. Our mentorship with students goes beyond counselling creating a community of network with previous graduates as well as present students whom we shall connect you with prior to you leaving for Glasgow. It’s truly a holistic experience as we ensure our students arrive safely and welcomed by our community of current students and also to support you in your part-time job search tips and best practice full-time post study job search. It is needless to say the placement office of Strathclyde is well positioned to give you assistance on CV building and make the right pitch for the specific functionality of jobs you are looking for. We offer you 100% free support and guidance to pursue your dreams to Study in the UK.
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Key Information
- Duration: 12 months full-time
- Start Date: September
- Location: University of Strathclyde, Glasgow, Scotland
- Degree: MSc Applied Statistics in Finance
- Mode of Study: On-campus
University Information
Uni: University of Strathclyde
Uni Type: Public
Founded Year: 1796
Location: Glasgow, Scotland
Program Information
Duration: 12 months full-time
Start Date: September
Location: University of Strathclyde, Glasgow, Scotland
Degree: MSc Applied Statistics in Finance
Mode of Study: On-campus
About ScotsGrad
ScotsGrad works with University of Strathclyde closely as the directors of ScotsGrad being Strathclyde graduates themselves may make the communication that much easier to explain about what Glasgow has to offer as the home of Strathclyde. . We offer you 100% free support and guidance to pursue your dreams to Study in the UK.
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Program Structure
The MSc Applied Statistics in Finance program offers a comprehensive curriculum that combines core modules, elective modules, and a final dissertation project. The structure is designed to ensure a deep understanding of statistical methods and their application in finance.
Core Modules
- Financial Statistics: Statistical techniques for financial data analysis.
- Time Series Analysis: Methods for analyzing time-dependent data.
- Statistical Inference: The principles and methods of making inferences from data.
- Econometrics: Techniques for quantitative economic modeling.
- Risk Management: Strategies for identifying and managing financial risks.
- Portfolio Theory: Theoretical and practical aspects of portfolio management.
Elective Modules
- Stochastic Processes: Advanced methods in probability and stochastic modeling.
- Financial Derivatives: Valuation and risk management of derivative securities.
- Actuarial Science: Principles of actuarial modeling and applications in finance.
- Big Data Analytics: Techniques for analyzing large and complex datasets.
Admission Requirements
To be eligible for the MSc Applied Statistics in Finance program, applicants must meet the following requirements:
- Educational Background: A first or upper-second-class Honours degree in mathematics, statistics, economics, finance, or a related discipline.
- English Language Proficiency: Non-native English speakers must provide proof of proficiency. Accepted tests include IELTS (minimum score of 6.5) or TOEFL (minimum score of 90).
Relevant Experience: While not mandatory, relevant work experience in finance or statistics can be beneficial.
If you are looking to start your application for any of the programs offered by Strathclyde, you have come to right place for guidance and support. We are partnered with the university to offer you 100% free consultancy. You are just click away to connect and get personal insights from our alumni mentors.
Fees and Funding
- Tuition Fees: The tuition fees for the MSc Applied Statistics in Finance program for international students are approximately £18,000 per year. For UK and EU students, the fees are around £9,500 per year.
- Living Costs: Estimated living costs in Glasgow are approximately £12,000 per year, covering accommodation, food, and other expenses.
Scholarships
The University of Strathclyde offers a range of scholarships to support students:
- Strathclyde Excellence Scholarships: Awarded based on academic merit, these scholarships can significantly reduce tuition fees.
- Commonwealth Scholarships: Available for students from Commonwealth countries.
- Industry-Sponsored Scholarships: Partnered with leading cybersecurity firms, these scholarships provide financial support and potential internship opportunities.
For more detailed information on all available scholarships, eligibility criteria, and how to apply, book a free call with our alumni mentors. This ensures you have the most up-to-date information and can access all the necessary information and guidance.
Visa Information
ScotsGrad has a 100% visa success rate, and we know what it takes to do the right process for a successful student visa application. We have been in visa support for many years, so you are in safe hands when it comes to visas, and we do it completely free of charge for our students. We do not recommend using any travel agent even if a student’s parents are in business and usually use a travel agent for visa applications.
International students must obtain a Tier 4 (General) student visa to study in the UK. The University of Strathclyde provides guidance and support throughout the visa application process. Key requirements for the visa include:
- Confirmation of Acceptance for Studies (CAS): Issued by the university upon acceptance.
- Financial Proof: Evidence that you have sufficient funds to cover tuition fees and living costs.
English Language Proficiency: Proof of meeting the English language requirements.
Work Permit
International students on a Tier 4 visa are allowed to work up to 20 hours per week during term time and full-time during holidays. This provides an excellent opportunity to gain work experience and supplement your income while studying.
Career and Job Prospects
Graduates of the MSc Applied Statistics in Finance program are well-prepared for a wide range of roles within the finance industry. Here are some potential career paths along with their respective average starting salaries:
- Financial Analyst: Financial analysts examine financial data and trends to provide investment recommendations. They play a key role in helping businesses and individuals make informed financial decisions.
- Average Starting Salary: £35,000 – £45,000 per year
- Average Starting Salary: £35,000 – £45,000 per year
- Risk Analyst: Risk analysts identify potential financial risks for organizations and develop strategies to manage and mitigate these risks. Their work is crucial in safeguarding an organization’s financial health.
- Average Starting Salary: £40,000 – £50,000 per year
- Average Starting Salary: £40,000 – £50,000 per year
- Quantitative Analyst: Quantitative analysts, also known as “quants,” use mathematical models to solve complex financial and risk management problems. They are essential in developing trading strategies and managing investment portfolios.
- Average Starting Salary: £45,000 – £55,000 per year
- Average Starting Salary: £45,000 – £55,000 per year
- Data Scientist: Data scientists apply statistical methods to analyze large datasets and extract meaningful insights. In the finance industry, their work helps drive data-driven decision-making and strategic planning.
- Average Starting Salary: £40,000 – £50,000 per year
- Average Starting Salary: £40,000 – £50,000 per year
- Actuary: Actuaries use mathematics, statistics, and financial theory to evaluate financial risks. They often work in insurance, pensions, and other financial services to predict and manage future financial scenarios.
- Average Starting Salary: £35,000 – £45,000 per year
- Average Starting Salary: £35,000 – £45,000 per year
- Portfolio Manager: Portfolio managers oversee investment portfolios, aiming to achieve financial goals for clients or organizations. They make decisions on asset allocation, investment strategies, and risk management.
Average Starting Salary: £50,000 – £60,000 per year
Graduates from the MSc Applied Statistics in Finance program can expect competitive salaries in the finance sector. Starting salaries typically range from £35,000 to £50,000 per year, depending on the specific role and geographic location. With experience and career advancement, salaries can increase significantly, reflecting the high demand for skilled professionals in this field.
Conclusion
The MSc Applied Statistics in Finance program at the University of Strathclyde is an excellent choice for those looking to advance their careers in finance. With a comprehensive curriculum, state-of-the-art facilities, and strong industry connections, graduates are well-prepared to meet the demands of the finance industry. For more information and to apply, visit the University of Strathclyde’s official website.
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Yes, related fields like communications or digital media are acceptable.
Scholarships include merit-based Strathclyde Business School Scholarships, Commonwealth Scholarships, and Industry-Sponsored Scholarships with potential internships.
Yes, through a dissertation project and part-time work opportunities for international students.
Minimum IELTS score of 6.5 or TOEFL score of 90 for non-native speakers.
Estimated at £600 to £1,000 per month, covering accommodation, food, and other expenses.