Heriot-Watt University – Graduate/Postgraduate Programme Structure and
Programme Notes
Form P9
1. Programme Code(s) (recruitment &
exit awards)
C397-INV,C395-INV,C390-ZZZ
5. Type
Specialist
Departmental
2. Programme Titles for all awards
(unabbreviated)
Investment Management
6. Programme Accredited
by
7. UCAS
Code
N/A
N/A
3. Main Award(s) (to be recruited
to)
4. Exit Awards (for graduation
only)
MSc
MSc, PG Dip, PG Cert
8. School
9. QAA Subject Benchmarking
Group(s)
Management and
Languages
10. Arrangement of Courses
10. Date of Production/
Revision
February 2012
Finance/Accounting
11. Awards, Credits &
Level
9. Composition
Mandatory and Optional Courses
Semester 1
Course Code & Title
Starting From Semester 2
Effort Hours
Mandatory courses
9 Courses
(including a
project/
dissertation)
8 taught Courses
(mandatory &
optional)
Course Code & Title
Starting From Semester 2/3
Effort Hours
Mandatory courses
Capital Markets
C31CM
(SCQF level 11)
Course Code & Title
Dissertation C31AF
Effort Hours
600
150
Research Methods C31RM
(SCQF level 11)
150
Current Topics in Investment
Management C31IV
(SCQF level 11)
150
180 SCQF credits for MSc all
at level 11
150
Portfolio Management C31PM
(SCQF level 11)
120 SCQF credits for PG Dip
all at Level 11
Optional courses
Optional courses
One from:
60 SCQF credits for PG Cert all
at Level 11
150
Two from:
Research in Finance C31RF
(SCQF level 11)
150
150
Comparative Financial Reporting
C31CR
(SCQF level 11)
150
Derivatives C31DE
(SCQF level 11)
150
Emerging Financial Markets
C21EF
(SCQF level 11)
150
Corporate Finance C31CF
(SCQF level 11)
Corporate Governance C31CG
(SCQF level 11)
One from:
150
Financial Analysis C31FN
(SCQF level 11)
150
International Accounting
Standards C31IA
(SCQF level 11)
12. Mode and Location of Study
Full-time X Part-time X Independent
13. Duration of Study (months)
Standard
Maximum
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Heriot-Watt University – Graduate/Postgraduate Programme Structure and
Programme Notes
Form P9
1. Programme Code(s) (recruitment &
exit awards)
C397-INV,C395-INV,C390-ZZZ
5. Type
Specialist
Departmental
Home Campus X
2. Programme Titles for all awards
(unabbreviated)
Investment Management
6. Programme Accredited
by
7. UCAS
Code
N/A
N/A
X
MSc, PG Dip, PG Cert
Management and
Languages
9. QAA Subject Benchmarking
Group(s)
Finance/Accounting
Full-time
Part-time
10. Date of Production/
Revision
February 2012
Full-time
Part-time
Masters
Diploma
Blended
Independent
15. Level of Courses
Level 11
MSc
8. School
Approved Learning Partner
14. Mode of Delivery
Conventional X
4. Exit Awards (for graduation
only)
(specify) ………………………
Other Campus
Collaborative Partner
3. Main Award(s) (to be recruited
to)
Levels 7-10 (UG)
Certificate
16. Collaborative/Approved Learning Partner Programme (Please specify details of
partner institutions)
Mixed
N/A
Courses not at Level 11 (codes):
Programme Notes
1. Nominal Pass Mark/Grade
2. Summary of Assessment Methods




Masters: 50% average/Grade C
PG Diploma: 40% average/Grade D
PG Certificate: 40% average/Grade D
30% coursework:

70% examination:
2
Heriot-Watt University – Graduate/Postgraduate Programme Structure and
Programme Notes
Form P9
1. Programme Code(s) (recruitment &
exit awards)
C397-INV,C395-INV,C390-ZZZ
5. Type
Specialist
Departmental
2. Programme Titles for all awards
(unabbreviated)
Investment Management
6. Programme Accredited
by
7. UCAS
Code
8. School
3. Main Award(s) (to be recruited
to)
4. Exit Awards (for graduation
only)
MSc
MSc, PG Dip, PG Cert
9. QAA Subject Benchmarking
Group(s)
10. Date of Production/
Revision
February 2012
Management and
N/A
N/A
Languages
Finance/Accounting
3. Re-assessment Opportunities
At the discretion of the relevant Examination Board, students failing to fulfil the requirements for progression to the Masters Dissertation or for award of a Diploma or
Certificate will normally be permitted one further opportunity for reassessment in a maximum of three courses . For reassessment purposes, synoptically-linked courses will
normally be regarded as one course. Resits are not permitted in courses where a mark of 50% (Grade C) or above has been achieved at the first assessment opportunity
and/or where the normal progression criteria have been achieved at the first assessment opportunity. Where courses are assessed entirely by examination or by a
combination of examination and coursework, the resit will be by examination. For courses where assessment is based solely on coursework, a new assignment will be given.
Any student failing to meet the requirements set out above for progression to the MSc following reassessment cannot proceed to the dissertation stage of the Master of
Science, but may be awarded either a Postgraduate Diploma as an exit qualification, or, where the requirements for the award of the Postgraduate Diploma are not satisfied,
a Postgraduate Certificate, provided they meet all requirements as set out in the table above (4. Award Criteria). The marks for all resits will be capped at 55%.
Where the MSc dissertation is assessed at grade D, students will normally be offered the opportunity to revise and resubmit their dissertation with a view to improving the
grade to grade C . The mark for resubmitted dissertations is capped at 55%.
4. Award Criteria
Number of
Overall
Basis of Overall Mark/Grade
Other Requirements
Course
Mark/Grade
Passes
9
70%
Average of all course scores, including
At least 6 courses at >=60%, (Grade B). No
 Master (Distinction):
dissertation
course with grade D, E or F (at any
assessment opportunity).
9
50%
Average
of
all
course
scores,
including
At least 6 courses at >=50%, (Grade C). No
 Master:
dissertation
course with grade E or F.

Diploma (Distinction):
8
70%
Average of all course scores
At least 6 courses at >=60%, (Grade B). No
course with grade D, E or F (at any
assessment opportunity).

Diploma:
8
40%
Average of all course scores
At least 6 courses at >=40%, (Grade D). No
course with grade F.

Certificate:
4
40%
Average of all course scores
At least 4 courses, degree subject-specific at
>=40% (Grade D)
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Heriot-Watt University – Graduate/Postgraduate Programme Structure and
Programme Notes
Form P9
1. Programme Code(s) (recruitment &
exit awards)
C397-INV,C395-INV,C390-ZZZ
5. Type
Specialist
Departmental
2. Programme Titles for all awards
(unabbreviated)
Investment Management
6. Programme Accredited
by
7. UCAS
Code
N/A
N/A
8. School
Management and
Languages
3. Main Award(s) (to be recruited
to)
4. Exit Awards (for graduation
only)
MSc
MSc, PG Dip, PG Cert
9. QAA Subject Benchmarking
Group(s)
10. Date of Production/
Revision
February 2012
Finance/Accounting
5. Course Choice/Dissertation
Mandatory courses in the programme ensure that students develop the key skills and knowledge appropriate to this level of study, while the range of options, including the
dissertation, provides flexibility for students, allowing them to pursue particular interests. The programme has a strong international flavour, resulting from international
recruitment, consistent with the School’s expectations that graduates will typically develop footloose careers. On entry into this course of study, particular attention is paid to
the development of scholarship skills, introducing professional development and employability as personal objectives, and encouraging the practice of reflective learning.
In the first two semesters of study, students register for a total of eight courses, four in each semester. Each course is worth 15 Scottish Credit and Qualification Framework
credits. To progress to the dissertation component of the Master of Science Degree, students must achieve an average of 50% (grade C) in the eight taught courses, with no
F grades. For the award of the degree of Master of Science, students must also obtain an average of 50% across all courses plus the dissertation.
Students obtaining 60 Scottish Credit and Qualification Framework credits from completing four courses with an average mark of at least 40% are eligible for the award of a
Postgraduate Certificate.
Students obtaining 120 Scottish Credit and Qualification Framework credits from completing eight courses with an average mark of at least 40% are eligible for the award of a
Postgraduate Diploma.
Students failing to obtain a grade D in initial course assessments are permitted one further opportunity for reassessment for a maximum of three courses. Any student failing
to obtain at least a grade D following re-assessment in the course cannot proceed to the dissertation stage of the Master of Science, but may be awarded a postgraduate
certificate or postgraduate diploma as an exit qualification.
As part of the School’s mentoring programme, students who are unable to complete a programme of study will be given appropriate advice.
The accompanying Programme Description provides details of aims, outcomes, teaching & learning and assessment policies for the course. Details of individual Courses are
provided in the appropriate Course Descriptors.
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