Our online MSc in Applied Statistics in finance is a conversion course, offering the opportunity to develop skills in statistics and data analysis even if you have never studied statistics before. You will be supported through this three-year part-time programme by members of staff who work directly with industry to develop skills which are relevant to current areas of research. Over the three years, our students gain skills in:
- problem solving
- analysis and modelling of financial data
- the use of statistical software for data analysis and reporting
- effective communication of statistics
In Year 1 all classes are compulsory, this amounts to 60 credits. Year 1 compulsory modules are: • Foundations of Probability & Statistics • Data Analytics in R • Statistical Modelling & Analysis In Year 2 you are required to take 20 credits of compulsory classes and 40 credits of optional classes. Year 2 compulsory modules • Financial Econometrics • Financial Stochastic Processes Year 2 optional modules • Medical Statistics • Quantitative Risk Analysis • Bayesian Spatial Statistics • Effective Statistical Consultancy • Survey Design & Analysis • Machine Learning for Data Analytics In Year 3 you will undertake your MSc research project.
The form of assessment varies for each class and are all undertaken online. For most classes, the assessment involves both coursework and examinations. The assessment will take ask you to demonstrate your statistical knowledge and skills to analyse real-world data and interpret the results in the context of the research question. Projects will involve writing code, interpreting statistical outputs, and producing a report, or presentation outlining the findings from your analysis. Group work may be undertaken in some classes.
Minimum second-class Honours degree or overseas equivalent. Mathematical training to A Level or equivalent standard. Prospective students with relevant experience or appropriate professional qualifications are also welcome to apply. For Australia and Canada, normal degrees in relevant disciplines are accepted. You must have an English language minimum score of IELTS 6.0 (with no component below 5.5).
Fees and funding
Additional fee information
University of Strathclyde
16 Richmond Street
Course contact detailsVisit our course page
Postgraduate Admissions - Faculty of Science
0141 548 3623