menu icon
Coronavirus (COVID-19) Latest news

Different course options

Study mode

Full time

Duration

1 year

Start date

SEP-21

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Mathematics For Specific Applications Financial Modelling

Course type

Taught

Course Summary

Who is it for?

To successfully complete the Financial Mathematics postgraduate course, you must have a very good understanding of mathematics. You may well have studied maths, physics or engineering degrees as an undergraduate.

Or you might have a bachelor’s degree in economics or science and in particular computer science, which, coupled with your interest in stochastics, could also qualify you for this programme.

You should have a general interest in learning the more technical and mathematical techniques used in financial markets; but you don’t need to have a background in finance.

Objectives:

The master's in Financial Mathematics focuses on stochastics and simulation techniques, but also covers some econometrics. You’ll study core modules covering asset pricing, risk management and an introduction to key financial securities such as equities, fixed income and derivatives.

You’ll cover a wide range of elementary and advanced topics in stochastics, including Levy processes and different simulation techniques.

You’ll be taught Matlab and VBA and you have the opportunity to learn other programming languages as part of our electives offering, such as Python or C++.

There are three ways to complete the third term. Either you’ll choose five electives from around 40 optional modules in your final term. Or you can choose to complete a traditional dissertation, known as a ‘business research project’, which counts for four electives, or a shorter ‘applied research project’, which is the equivalent of two elective modules.

What will you learn:

  • You will have gained a very good understanding of the technical aspects used in financial markets, including wide ranging financial theory and different financial assets.
  • You will gain a good understanding of stochastic and mathematical finance and gained some knowledge of econometrics and forecasting. You will also have obtained a good understanding of programming, in particular Matlab.
  • From the MSc Financial Mathematics you will also understand how the theory is being applied in the financial industry and what practical issues are.
  • In the third term you have three different options how you can complete your MSc, including a project or choosing only electives. Popular electives include Modelling and Data Analysis, Advanced Financial Engineering and Credit Derivatives, Credit Risk Management, Quantitative Risk Management. Introduction to Python.

Careers:

The job opportunities for students from the three quants masters programmes are very similar and students usually find employment with either large investment banks, or smaller specialist companies or financial boutique firms.

Working as a quantitative analysts using stochastic, technical risk management position, pricing fixed income securities and structuring are some of the positions Financial Mathematics students are well qualified for.

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 / EU students

For this course (per year)

£27,500

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK / EU students

For this course (per year)

£27,500

Average for all Postgrad courses (per year)

£12,227

Entry requirements

Students need to have a UK upper second class degree or above, or the equivalent from an overseas institution. The 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.

Department profile

The Business School (formerly Cass) 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), the 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) and the European Quality Improvement...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 The Business School (formerly Cass) School of Health Sciences The City Law...more

Similar courses at this uni

Mathematics PhD

Full time | 2 years | 01-APR-21

Mathematics MPhil

Full time | 2 years | 01-APR-21