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Different course options

Study mode

Full time

Duration

1 year

Start date

SEP

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Financial Analysis Finance / Accounting (General)

Course type

Taught

Course Summary

Who is it for?

To successfully complete the Quantitative Finance course, you must have a good understanding of mathematics.

You may well have studied finance, economics, engineering or maths or physics as an undergraduate. Or you might have a bachelor’s degree in a science subject, in particular computer science.

You should have a general interest in mathematics and statistics, including the more quantitative and mathematical techniques used in financial markets; but you don’t need to have a background in finance.

Objectives:

You’ll study core modules focusing on asset pricing, risk management and introductions to key financial securities such as equities, fixed income securities and derivatives.

From there you’ll progress to specialist learning in econometrics, and cover a large amount of stochastics and numerical methods.

You’ll cover basic and advanced topics in econometrics including ARCH and GARCH models, co-integration and dealing with high frequency data.

You will also have the opportunity to work with a number of different estimation techniques, including OLS, Maximum Likelihood and GMM.

You’ll work extensively with the Matlab programming language in the core modules alongside other languages such as VBA, Python or C as optional modules.

You’ll choose five from around 40 optional modules in your final term. You can also choose to complete a traditional dissertation, which counts for four optional modules, or a shorter ‘applied research project’, which is the equivalent of two optional modules.

Careers:

The job opportunities for students from the three quants masters programmes are very similar.

They usually find employment with large investment banks, but also some smaller boutique finance firms, hedge funds or other specialist companies.

Working as a general or technical analysts, risk management position, working on fixed income security desks and the asset management industry including hedge funds are typical jobs which students from the MSc Quantitative Finance go into.

Students from the MSc Quantitative Finance will have covered more topics relating to forecasting and regression analysis. You will also have the skills to study for a PhD in the area of quantitative finance and financial markets.

Modules

This module focuses on the introduction of pricing financial securities, which forms the basis for understanding asset pricing behaviour and the cornerstone of many asset pricing models. The focus is on spot securities, mainly equities and debt instruments. The module also introduces students to the fundamental theory used by practitioners and academics in the wider field of finance, in particular asset management. That includes portfolio theory, the CAPM, factor models and measuring risk and return. Those concepts are widely used by financial market participants. At the end of this module the various building blocks are being put together in the discussion of performance and persistence of performance of mutual funds.

Tuition fees

UK fees
Course fees for UK students

See the website

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK/ international students

See the website

Average for all Postgrad courses (per year)

£12,227

Entry requirements

A UK upper second class degree or above, or the equivalent from an overseas institution. Your academic background should be in a highly quantitative subject such as mathematics, physics, engineering, economics or computer science and having covered areas such as statistics, linear algebra and calculus. Work experience is not a requirement for this course.

Department profile

The Bayes Business School (formerly Cass Business School) is one of City, University of London’s five Schools. Ranked 3rd in London, 6th in the UK and 25th in Europe (Financial Times European Business School ranking 2020), Bayes (formerly Cass Business School) is part of an elite group of business schools to have been awarded triple accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA)...more

University information

City, University of London is a leading UK university, with a global vision and a commitment to transforming lives through education. It is home to over 20,000 students, 46% of which are studying at postgraduate level and has over 175,000 alumni from over 180 countries. City is divided into five different academic Schools: School of Arts & Social Sciences Bayes Business School (formerly Cass) School of Health Sciences The City Law...more

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