MSc Mathematical Finance

MSc in Mathematical Finance (full-time and part-time)

The MSc in Mathematical Finance is a specialist one-year postgraduate taught masters programme aimed at providing graduate students and professionals with a rigorous training and strong analytical and quantitative skills in finance. This intensive programme will introduce you to the mathematics used by practitioners in the field. It covers a wide range of analytical tools applied in quantitative asset pricing and financial derivatives. The programme is offered full-time over one year or part-time over two.

The programme is designed for high calibre science and engineering graduates who aim to pursue careers as quantitative analysts in the private sector, government or financial institutions. You will learn about financial modelling, asset pricing theory, and financial risk management, as well as more theoretical subjects such as the theory of stochastic processes and stochastic analysis. Scientific computing and programming is an important element of this programme.

This MSc will prepare you for a wide range of careers, especially in the banking and finance sector, as well as marketing, public services, consultancy, industry and commerce.

Programme outline

The study programme consists of six core modules and two electives with an even split between semesters, and a summer dissertation project. You will also be offered two pre-sessional modules in probability, statistics, financial markets and economics, providing a good opportunity to enhance the necessary prerequisite knowledge. Three core mathematics modules run by the School of Mathematical Sciences will cover the most important mathematical techniques used in mathematical finance. Three core economics modules will cover the relevant financial instruments, and will be run by the School of Economics and Finance. You can choose elective modules from a list of around ten modules offered by the two Schools.

Assessment

Examinations are held between May and early June on the modules taken. Dissertations are evaluated in September. Successful completion of the MSc programme will result in the award of the degree of MSc in Mathematical Finance (possibly with Merit or with Distinction).

How to apply

To apply for the MSc in Mathematical Finance please see the admissions information for this programme.