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Quantitative Risk Management with Machine Learning MSc

Quantitative Risk Management with Machine Learning MSc

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Finance / Accounting (General) Risk Management

Course type

Taught

Course Summary

In the wake of recent financial crises, a better understanding - and application - of quantitative risk management is playing an increasingly critical role in the financial sector. Birkbeck's MSc Quantitative Risk Management with Machine Learning has been designed to meet the demand from the financial sector for individuals with expertise in this field. The course will equip you with the broad range of statistical and mathematical tools you need to tackle practical, real-world problems in quantitative risk management.

Upon successful completion of this course, you will have the expertise to identify and manage the major sources of risk in the financial markets. You will understand the role of financial derivative products, their use (and misuse) and how they are priced, and you will be able to analyse financial data and build risk models, detect trends in data, test a given hypothesis and forecast future values. You will also understand how to build an investment portfolio (of risky assets) and carefully monitor its performance over time.

Birkbeck's postgraduate finance courses are built around our long-running experience in research-led evening teaching. Many of our students work in the finance industry, which generates a lively atmosphere in class and ensures that you'll be studying alongside committed, enthusiastic students with a wealth of experience. You will be taught by active researchers, working at the cutting edge in their respective fields, who are also experienced professional practitioners, giving specialist advice and in-house training to government departments and banks and firms in the City of London. This course is challenging and demanding, so you should demonstrate strong intellectual ability in your application and be willing to work hard.

ASSESSMENT

Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations, although this will vary from course to course - on some of our courses, assessment is entirely by coursework. The methods of assessment on this course are specified below under 'Methods of assessment on this course'. You will need to allow time to complete coursework and prepare for exams.

CAREERS AND EMPLOYABILITY

Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include financial risk analyst, economist, or purchasing manager. This degree can also be useful in becoming a management consultant or actuary.

Different course options

Full time | Birkbeck, Central London WC1 | 1 year | OCT-20

Study mode

Full time

Duration

1 year

Start date

OCT-20

Modules

This module provides an introduction to the methods of hedging using options. It will provide you with a good understanding of the principle of no-arbitrage pricing, introduce mathematical concepts related to stochastic processes and teach you how to use the binomial tree to price various derivatives.

Tuition fees

UK fees
Course fees for UK / EU students

For this course (per year)

£13,020

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK / EU students

For this course (per year)

£19,020

Average for all Postgrad courses (per year)

£12,227

Entry requirements

A second-class honours degree in a quantitative subject, such as mathematics, physics, statistics, economics or engineering. Alternatively, a merit or higher in our MSc Finance.

University information

With a history that dates back 200 years, Birkbeck, University of London is unique in that it delivers its near-300 postgraduate courses in the evenings, enabling students to work or focus on other commitments during the day. Courses can be studied full-time or part-time and some can be studied through distance learning. Birkbeck is one of the world’s leading research universities and provides its 700 postgraduate research student with a...more

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