MSc in Applied Statistics in Finance (on campus), University of Strathclyde

Glasgow,

12 Months

Check Eligibility

About this course

The MSc Applied Statistics in Finance is a conversion course designed for those from various disciplines seeking to develop skills in statistics and data analysis. Over 12 months of full-time study, you'll learn problem-solving, data manipulation, and use statistical software. The course prepares you for roles as an applied statistician in finance, insurance, and commerce sectors. It’s accredited by the Royal Statistical Society, with graduates potentially qualifying for GradStat status. The curriculum emphasizes practical skills, industry relevance, and the ability to communicate statistical findings effectively. The program includes compulsory classes, electives, and a final MSc project to apply your knowledge on real-world datasets.

Why this course is highly recommended

This course is ideal for those who want to enter the world of applied statistics without prior background in the field. It offers industry-relevant skills, including data analysis, problem-solving, and communication of complex statistical results. The program is delivered by staff with direct industry research experience, ensuring practical alignment with current research areas such as health, finance, and ecology. It’s accredited by the Royal Statistical Society, enhancing employability, with graduates already working in diverse roles like data analysis, biostatistics, and risk management across sectors.

Specialisation

This program specializes in applied statistics within the context of finance, offering a broad foundation in modern statistical methods, econometrics, financial time series, stochastic processes, machine learning, and big data analytics. The curriculum is tailored to equip students with applied skills relevant to sectors like finance, insurance, and government, blending theoretical understanding with practical application.

Course fees

Application fees

1st year tuition fees

24.49L

Living cost

Degree requirements

Applicants need a minimum second-class (2:2) Honours degree or equivalent. Prior mathematical training to A Level or similar standard is essential, including calculus, linear algebra, and differential equations. Relevant professional experience or qualifications are also considered. For international students, English proficiency requires a minimum IELTS score of 6.0, with no component below 5.5.

English language test

TOEFL

IELTS

PTE

DUOLINGO

Career prospects

Graduates of this MSc are highly attractive to government agencies, industry, and finance sectors, thanks to their practical skills in data analysis, statistical modelling, and communication. Past graduates have secured roles such as clinical trials statisticians, data analysts, biostatisticians, and risk analysts in both academic and industry settings, including NHS Scotland, pharmaceutical companies, banks, and government departments.

FAQs

Can I study this course online?

Yes, there is an online version of the MSc Applied Statistics in Finance available for those who prefer studying remotely.

What are the key skills gained from this course?

You will learn problem solving, data manipulation, statistical analysis, machine learning, and effective communication of complex statistical findings applicable to finance, health, and other sectors.