MSc Financial Mathematics
September 2021 Entry
Applications for this degree have closed.
Our MSc Financial Mathematics covers the advanced mathematics that’s revolutionised finance since the early 1970's. If you’re passionate about mathematics and keen to build a career in finance, it could be the ideal choice. The masters in Financial Mathematics course is part of the Maxwell Institute for Mathematical Sciences. It offers an intensive training in the mathematical ideas and tools vital to the finance industry. So it’ll equip you for a range of exciting and potentially high-earning career opportunities.
The MSc Financial Mathematics is part of a joint programme between us and the University of Edinburgh. So you’ll be fully enrolled at both universities. That means access to all the services offered by each institution, plus a degree certificate with both universities named as the awarding bodies.
This full-time masters in Financial Mathematics course starts in mid September and lasts one year.
- Derivatives Markets
- Derivative Pricing and Financial Modelling
- Financial Markets
- Discrete-Time Finance
- Stochastic Analysis in finance
- Credit Risk Modelling
- Special Topics 1
- Special Topics 2
- Statistical Methods*
- Statistical Inference*
- Stochastic Control and Dynamic Asset Allocation
- Financial Econometrics
- Time Series Analysis
- Portfolio Theory
- Optimisation Methods in Finance
- Numerical Methods for PDEs
- Portfolio theory
Students should choose courses that are worth a total of between 22.5 and 30 credits.
* Note: Only one of Statistical Methods and Statistical Inference can be selected.
For more detailed course descriptions, please visit our current student website
Entry requires a UK 2.1 degree or equivalent in Mathematics, Financial Mathematics, Actuarial Science or Statistics. Applicants are required to have completed courses on probability, statistics, analysis/calculus and ordinary differential equations. Knowledge of partial differential equations, time series and multivariate statistics is desirable.
MSc Financial Mathematics is not suitable for graduates in Financial Engineering, Finance, Accounting or non-STEM subjects.
We are looking to train those who not only have a strong background in mathematics, but who also possess the ability to communicate effectively, and have the desire to succeed in a dynamic and competitive industry.
English language requirements
Important: If your first language is not English, or your first degree was not taught in English, we’ll need to see evidence of your English language ability.
The minimum requirement for English language is IELTS 6.5 (with no skill under 6.0), we also accept TOEFL (scores of 92 with at least 20 in each section)
We also offer a range of English language courses to help you meet the English language requirement prior to starting your master’s programme:
- 14 weeks English (for IELTS of 5.5 with no more than one skill at 4.5);
- 10 weeks English (for IELTS of 5.5 with a minimum of 5.0 in all skills);
- 6 weeks English (for IELTS 5.5 with a minimum of 5.5 in reading and writing, and a minimum of 5.0 in speaking and listening)
- Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.
- Overseas includes applications from European Union countries who do not hold Pre-Settled or Settled status in the UK. Read more about the application process for EU nationals.
Scholarships and bursaries
We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.
View our full range of postgraduate scholarships.