The primary aim of the MSc in International Shipping and Finance (ISF) is to address the educational needs of the rapidly evolving, highly competitive and capital intensive shipping industry, by bridging the gap between academic theory and business practice.
The programme is designed to provide a unique educational experience that combines research-led, technically advanced teaching by world-renowned academic faculty and senior industry practitioners. The shipping industry itself is highly involved in shaping its structure and contributing to its delivery as well as the career development of its participants. The delivery of this programme is based on a practice centred, hands-on approach. The ultimate objective is to ensure that graduates are equipped with the knowledge, technical expertise and skills required by major employers in the sector.
You will gain an in-depth understanding of how the shipping and financial markets interact and complement each other. You will specialise in the analysis of shipping markets and cycles, maritime trade patterns and commodities carried by sea, chartering and ship-broking practices, maritime logistics systems, legal aspects in shipping, the selection of alternative shipping finance and investment methods as well as the development, implementation and appraisal of shipping related risk management strategies. You will also gain exposure to securities trading, corporate transactions, valuation, investment strategies and quantitative techniques.
Students on the MSc ISF programme also benefit from our partnership with Spinnaker Global as well as memberships of Maritime London and the Baltic Exchange offering them the opportunity to register as associate members during their study.
October – December: Part 1 Autumn Term
January: Part 1 Exams
January-April: Part 2 Spring Term
May – June: Part 2 Exams
June – August (12 month programme only): Part 3
August/Sep (12 month programme only): Part 3 Coursework deadlines
Part 1 compulsory modules
Part 2 compulsory modules
At ICMA centre
Part 2 optional modules (at ICMA centre)
Students on the 9-month (12-month) programme can select 40 (20) credits from the following modules:
Part 3 optional modules
Students on the 12-months programme should take 20 credits from the following:
Students will be resident and undertake full-time study in the UK. Under both, the 9 and 12-month programmes students take compulsory and/or elective modules in Part 2.
The 12 month option involves taking an elective 20 credit module between July and August, which would also mean a 20 credit reduction in the number of taught modules taken in the spring term.
After completion of the programme you will be well equipped with the knowledge for a successful career in the shipping/ transportation industries, as well as in the wider finance sector.
On average more than 90% of our graduates are in work or further education 6 months after graduation.
Indicative career paths for our graduates are ship-owning and transportation companies, ship-broking/chartering firms, shipping divisions of investment banks, shipping analysis/consulting firms, ship-finance arrangers, port operators, and shipping-related investment funds, among others. The wide curriculum of the programme will also enable you to consider careers in the global investment banking and securities markets.
Internship opportunities with leading companies in the shipping industry are available to outstanding MSc ISF graduates. A number of companies have joined our work placement scheme and offer work experience placements to some of our excellent graduates (subject to successful interviews and work permits where applicable). Additional placement and full time opportunities in the shipping industry are also made available to our students on an ad-hoc basis .
Career Advisory Partnership
Along with a full range of career advisory and professional development services available to our students from our dedicated Henley Careers team, students will also benefit from our partnership with Spinnaker Global, the leading shipping recruitment consultancy. As part of our collaboration Spinnaker provides career advice and support to our students and promotes their profiles internationally for internship and full time opportunities.
Institute of Chartered Shipbrokers (ICS) Professional Qualification
The programme is accredited by ICS and our students are eligible for 3 exam exemptions from the ICS qualification, which is the maximum number of exemptions offered by the institute. The 3 exemptions offered are for the ICS modules:
Our successful graduates have to take only 4 out of the 7 ICS exams to qualify for the ICS membership.
ICMA Fixed Income Certificate
To obtain the requisite knowledge to pass the rigorous FIC exam, students are required to take the ICMA Centre Fixed Income Cash and Derivatives Markets module at Part 2. In order to receive the FIC certificate, students will need to register and pass the FIC exam through ICMA.
This Logistics and Supply Chain Management MSc is a flagship masters degree at Heriot-Watt University- a globally recognised centre for excellence in the subject across both research and teaching.
MSc Logistics and Supply Chain Management calls upon sector-leading research and direct links to industry to equip students with cutting-edge expertise across all areas of this increasingly important discipline.
Accredited by the Chartered Institutes of Logistics and Transport and Procurement and Supply, this programme offers access to the expertise of world-leading researchers and practitioners.
A dynamic mix of industry-focussed learning develops expertise in:
You will also develop your ability to think critically, identify problems, evaluate options and communicate solutions. These crucial skills allow you to implement specialist knowledge effectively and adapt to any logistical problem you may face in your career.
Graduates have gone on to work for organisations such as DHL, Diageo, BP Chemicals, IKEA, Coca-Cola, Tesco, Argos, Amazon, Scotland Excel, Heineken, Proctor and Gamble, Unilever, Maersk, Gist, Sky, Rolls Royce and BAE Systems.
Programme content is grounded in the cutting-edge, world-changing research of our Logistics Research Centre (LRC) which directly impacts the UK Government’s carbon policy and the logistics operations of organisations such as:
Our work stands at the forefront of research into the management, integration, reform, impact and modelling of logistics activity, particularly from an environmental and sustainability perspective.
Scotland’s capital is regarded as one of the best cities in the world in which to study and has a thriving international student population.
It’s a beautiful, cultural city that’s bursting with art, nature, nightlife and history. It’s a safe, inspirational city and has enough bars, restaurants, museums, shopping, green spaces and culture to keep everyone entertained.
It was recently voted as the best place to live in the UK for the 3rd year running and a study by Deutsche Bank in May 2017 found it offers the second best quality of life on the world!
Founded in 1821, Heriot-Watt has an established reputation as a leading research-led university and provider of high-quality, industry-focussed education.
We are ranked as the top University in Scotland for International Outlook by Times Higher Education and have campuses in Scotland, Dubai and Malaysia.
We are ranked as one of the top 30 Universities in the UK in the Guardian University League Table and the Complete University Guide 2018, who place us as 3rd best University in Scotland.
Our countryside campus is set in 380 acres of beautiful parkland with world-class facilities and an easy journey to Edinburgh city centre.
You’ll find over 10,500 students and staff here, offering a warm and friendly welcome. There’s modern student accommodation, a thriving Student Union with a host of sports clubs and societies. Scotland’s National Sports Centre is also on campus offering students access to top of the range sporting facilities.
Check our website for more information about this course.