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Applied Statistics in Finance (online) MSc

Applied Statistics in Finance (online) MSc

Different course options

Online | Online Campus | 24 months | SEP-25

Study mode

Online

Duration

24 months

Start date

SEP-25

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Applied Statistics Business Consultancy Practice

Course Summary

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'll be supported through this part-time programme by members of staff who work directly with industry to develop skills which are relevant to current areas of research. You'll 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
The course is entirely delivered online. The course is ideally suited to those working full-time or with other commitments. You can study and complete the modules when its most convenient for you – you dont need to be online at specific times.

The course has been designed by academics who also work as statisticians in the public sector. They are experts in understanding real-life statistical problems, data, and relating theory to practice.

The skills set provided will also equip you with the necessary training to work as an applied statistician in areas such as insurance, finance and commerce.
Programme skillset
On the online Applied Statistics in Finance MSc programme you'll have the opportunity to acquire:

an in-depth knowledge of modern statistical methods used to analyse and visualise real-life data sets, and the experience of how to apply these methods in a professional setting, particularly related to the financial sector
skills in using statistical software packages used in government, industry and commerce
the ability to interpret the output from statistical tests and data analyses, and communicate your findings to a variety of audiences including health professionals, scientists, government officials, managers and stakeholders who may have an interest in the problem
problem-solving and high numeracy skills widely sought after in the commercial sector
practical experience of statistical consultancy and how to interact with professionals who require statistical analyses of their data.
Course content
Throughout your studies, you will take 80 credits of compulsory taught classes, 40 credits of elective taught classes, and in your final year you'll also undertake your MSc Project (60 credits).

Accreditation: Royal Statistical Society: MSc graduates may qualify for GradStat status

Study mode and duration: online across 24 or 36 months, part-time. Standalone modules can also be taken for CPD purposes or working towards an MSc over a maximum of 60 months.
Careers
The online MSc in Applied Statistics in Finance will provide graduates with skills in the statistical analysis of data from a wide range of disciplines. These skills are required by many employers in sectors such as:

investment companies
financial institutions
pharmaceutical industry
medical research
government organisations
retailers
internet information providers
Graduate roles
Typical job roles include:

statistician
data analyst
software developer or engineer
statistical programmer
data scientist
decision scientist

Modules

This class will introduce the R computing environment and enable you to import data and perform statistical tests. The class will then focus on the understanding of the least squares multiple regression model, general linear model, transformations and variable selection procedures.

Tuition fees

UK fees
Course fees for UK students

For this course (month)

£700

International fees
Course fees for EU and international students

Please contact the university

Entry requirements

Minimum second-class (2:2) 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
Applicants are required to have some prior mathematical knowledge, for example A Level or equivalent in:

calculus
linear algebra
differential equations

University information

The University of Strathclyde is a leading international technological university which offers a diverse range of postgraduate course options. With over 30,000 students from over 140 countries, it has a vibrant and international learning community. Innovative research is at the heart of everything that they do, with almost 90 % of the university’s research rated ‘world leading’ or ‘internationally excellent’ in the most recent Research...more