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Mathematical Finance Masters/MSc

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 Modelling Mathematics (General) Finance / Accounting (General)

Course type

Taught

Course Summary

This programme, offered by the School of Mathematics, provides the skills that will enable technically able graduates (including in mathematics, science and engineering) to apply their quantitative training to financial analysis.

Mathematical Finance is a multidisciplinary field that involves the application of economic theory, mathematics, statistics and computer programming skills, to analyse and manage financial opportunities. Our MSc in Mathematical Finance develops your understanding of contemporary mathematical models and their application in the financial sector, whilst providing the flexibility to tailor your degree with optional modules in areas that interest you.

You will take core modules in mathematical finance and stochastic processes, and then choose from topics offered by the School of Mathematics, the Department of Economics, and the School of Computer Science. This programme will support you to achieve the highest levels in mathematical finance, developing the most advanced computational and programming techniques. With the skills and knowledge developed on this course you will be well-placed to advance quickly in a field where there is a growing global shortage of highly qualified people.

Why study Mathematical Finance MSc at Birmingham?

  • Develop your ability to apply mathematical and scientific knowledge to financial analysis, identifying, critically analysing and evaluating scenarios within the sector
  • Learn to use software packages to analyse financial data and to implement numerical models
  • Tailor your degree by choosing from optional modules in a range of areas
  • Train specifically in independent study and research, which is an essential skill for a quantitative analyst
  • Learn at an internationally-recognised university ranked in the top 100 in the 2021 QS World University Rankings
  • Benefit from our strong links with industry and Careers Network support, meaning that rigorous academic study is combined with a real practical focus, leading to excellent job opportunities.

Employability

Postgraduate study at the University of Birmingham is a chance to learn from world leaders in their fields. This guarantees you a first-class learning experience, leading to a qualification that is respected the world over and making you an attractive prospect in a very competitive job market.

Graduates from MSc Mathematical Finance are well prepared to compete for quantitatively demanding positions in financial institutions, with state-of-art mathematical methods, computational skills and programming expertise. The School’s graduates work in a wide variety of fields in governmental and multi-national organisations.

The degree also provides an ideal basis for postgraduate research, either for purely academic ends or to further qualify graduates for work in financial institutions.

Modules

Introduce the student to the pricing of more advanced derivative products in Mathematical Finance, and to examine more advanced solution methods. Advanced derivative products of the kind often used in reality will be examined in more detail. This will include examining options not considered previously, but also looking in more detail at derivative products already studied in the Mathematical Finance module. This may include topics such as: energy, weather and insurance derivatives; credit derivatives; market crashes; multi-asset options; interest rate derivatives. More advanced numerical methods for the solution of option pricing problems will also be examined. This module should better prepare students for a career in Mathematical Modelling in Finance, including a broader background in the trading of derivatives and options.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

£12,240

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK/ international students

For this course (per year)

£21,960

Average for all Postgrad courses (per year)

£12,227

Entry requirements

Students need to have an 2:1 Honours degree in Mathematics or a programme with advanced mathematical components.

University information

Part of the Russell Group of UK universities, the University of Birmingham has been developing great minds, encouraging challenging debates and pushing the boundaries of innovation and excellence for over 100 years. Over 14,000 students from over 150 countries choose to study at Birmingham, meaning you will be part of a diverse and vibrant community. 40% of this student population are postgraduates. Birmingham understands that you want to...more

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