Postgraduate study2016

MSc

Mathematical Finance

Department of Mathematical Sciences

Year of entry: 2016

1 year full-time

The programme provides graduates with strong mathematical skills, computational techniques and finance background relevant to subsequent employment in the finance sector.

MSc

Mathematical Finance

Department of Mathematical Sciences

Year of entry: 2016

1 year full-time

The programme provides graduates with strong mathematical skills, computational techniques and finance background relevant to subsequent employment in the finance sector.

Programme information

This programme is aimed at those students wishing to develop their mathematical skills, computational techniques and knowledge of finance in order to lead to employment in a range of finance sectors such as investment banks, hedge funds, insurance companies and the finance departments of large corporations where mathematics plays a key role.

We have built partnerships with a number of financial companies, including European investment companies based in the UK, and also overseas, such as Yong'An Futures Broker Co. Ltd in China.

The depth of the mathematics taught enables graduates to pursue research careers in stochastic analysis, financial mathematics or other relevant areas.

The period October to June is devoted to lectures, tutorials and practical sessions comprising the core and optional modules. This is followed by a period of about 14 weeks devoted to an individual project.

Core study areas include measure theory and martingales, stochastic models in finance, stochastic calculus and theory of stochastic pricing and a research project.

Optional study areas include programming and numerical methods, regular and chaotic dynamics, financial economics, functional analysis, elements of PDEs, static and dynamic optimisation, asset management and derivatives, and corporate finance

Assessment

A combination of written examinations, reports, individual and group projects, and verbal presentations.

Entry qualification

Upper second class (2:1) honours degree in a subject with a high mathematical content.

Scholarships and sponsorships

A number of part-fee studentships may be available to appropriately qualified international students.

Careers and further study

This programme may lead to a wide range of employment within industry, the financial sectors, and research establishments. It may also provide an ideal background for postgraduate research in Stochastic Analysis, Probability Theory, Mathematical Finance and other relevant areas.

Programme modules

Semester 1

Compulsory Modules

  • Introduction to Measure Theory and Martingales
  • Stochastic Models in Finance

Optional Modules (choose two)

  • Programming and Numerical Methods
  • Regular and Chaotic Dynamics
  • Financial Economics

Semester 2

Compulsory Modules

  • Stochastic Calculus and Theory of Stochastic Pricing
  • Research Project

Optional Modules (choose three)

  • Functional Analysis
  • Elements of PDEs
  • Static and Dynamic Optimisation
  • Either Asset Management and Derivatives or Corporate Finance

Apply now

The best way to apply for admission to a taught or research programme is online. This helps us to process your application quickly.

Your application must be supported by documentary evidence of entry qualifications, including English language, academic transcripts and references.

You are strongly advised to send your documents, including transcripts and references, as soon as you make your online application – they can be submitted online.

A decision about your application cannot be made until we receive your supporting documents.

For more information on the application process, take a look at our how to apply section.

Fees and funding

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. The standard tuition fees for this course are:

Taught ProgrammesUK/EUInternational
PGT Band 1 (Classroom-based) £6,600 £14,950

University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Funding

A number of scholarships and bursaries are available (dependent on eligibility):

  • Student loans for master's degrees
  • Department-specific bursaries
  • Scholarships
  • Professional and Career Development Loans
  • External charities and trusts
  • Studentships
  • Research Council funding

Find out more about the support available for UK/EU students and international students.