Financial Engineering Masters/MSc

Start date
September
Duration
1 year full-time
Course Type
Postgraduate, Taught
Fees
We charge an annual tuition fee. Fees for 2020/21:
£11,970 (UK/EU students) 
£20,880 (International Students)
Further fee information is available.

Our Financial Engineering Masters programme will support you to achieve the highest levels in mathematical finance, developing the most advanced computational and programming techniques. This will enable you to advance quickly in a field where there is a global demand of highly qualified people.

Online chat event

WEDNESDAY 13 NOVEMBER 2019 14:00 - 15:00
Our online chat event is designed to inform prospective postgraduate students, applicants and offer holders about the taught postgraduate courses available within the School of Mathematics and how to prepare you for your course.

Online chat further information
Financial engineering is a multi-disciplinary field that involves the application of computational engineering, software engineering and computer programming skills, along with underlying mathematical and statistical theories, to analyse and manage financial opportunities.

Financial engineering is a multi-disciplinary field that involves the application of computational engineering, software engineering, and computer programming skills, as well as the underlying mathematical and statistical theories to the analysis and management of financial opportunities. 

The programme is for strong (1st, 2.1 or equivalent) graduates from programmes in mathematics, or programmes with advanced mathematical components, and who wish to pursue a career in quantitative analysis in economic or financial sectors with state-of-art mathematical methods, computational skills and programming expertise. 

You will receive the most advanced computational and programming techniques which help you advance quickly in the field. Our graduates much in demand from sectors such as economics, finance, banking, actuarial science, insurance and industrial management. 

Why study Financial Engineering Masters at Birmingham?

  • Acquire the ability to integrate the knowledge of mathematics, statistics and computer science in order to address, critically analyse and provide a rational appraisal of a problem
  • Learn to use software packages to perform statistical analysis and empirical studies
  • Focus on finding optimal solutions to financial problems in broader and challenging environments
  • Train specifically in independent study and research, which is an essential skill for quantitative analyst
  • Study at the School of Mathematics which is internationally recognised for the quality of research in various fields

Modules

This course consists of 180 credits, two-thirds from taught modules (core modules are compulsory, choose several optional modules) and one-third from your research project.

Core modules

  • Mathematical Finance - 20 credits
  • Numerical Methods and Numerical Linear Algebra - 20 credits
  • Advanced Mathematical Finance - 20 credits
  • Financial Engineering Project - 60 credits

Optional modules

Choose 60 credits. Example optional modules are listed below:

  • Applied Statistics - 20 credits
  • Statistical Methods in Finance and Economics - 20 credits
  • Integer Programming and Combinatorial Optimisation - 20 credits
  • Nonlinear Programming I and Heuristic Optimisation - 20 credits
  • Game Theory and Multicriteria Decision Making - 20 credits

Please note: The modules listed on the website for this programme are regularly reviewed to ensure they are up-to-date and informed by the latest research and teaching methods.

Fees

Annual tuition fee for 2020/21

  • £11,970 for UK/EU students
  • £20,880 for international students

Learn more about fees and funding.

 

Scholarships and studentships

We offer a range of postgraduate scholarships for taught programmes and research opportunities to ensure the very best talent is nurtured and supported at postgraduate level.

Additional scholarships can be found in the funding database.

Contact the department for further information.

 

For students applying for the 2020/21 academic year

The UK Government has confirmed that EU students will continue to be eligible for 'home fee status' for entry in September 2020, and will continue to have access to financial support available via student loans for the duration of their course. For more information take a look at the gov.uk website.

How To Apply

International applicants requiring visas

Applications to this programme from students who are international for fees will close 01 July 2020, the exact date will be confirmed when available. We will close applications as soon as the programme is full, early applications are encouraged.

UK/EU and non-Tier 4 applicants

Applications will close in 10 September 2020, the exact date will be confirmed when available. We will close applications as soon as the programme is full, early applications are encouraged.

Before you make your application

You may wish to register your interest with us to receive regular news and updates on postgraduate life within this Department and the wider University.

Making your application

When clicking on the Apply Now button you will be directed to an application specifically designed for the programme you wish to apply for where you will create an account with the University application system and submit your application and supporting documents online. Further information regarding how to apply online can be found on the How to apply pages

Apply now

Our Standard Requirements

2:1 Honours degree in Mathematics or a programme with advanced mathematical components. Learn more about entry requirements

International Requirements



International Students

English language

For students whose first language is not English, one of the following English language qualifications are required:

 

IELTS 6.0 with no less than 5.5 in any band is equivalent to:

  • TOEFL: 80 overall with no less than 19 in Reading, 19 in Listening, 21 in Speaking and 19 in Writing
  • Pearson Test of English (PTE): Academic 51 in all four skills
  • Cambridge English (exams taken from 2015): Advanced – minimum overall score of 169, with no less than 162 in any component

You will take masters-level courses in both computational methods and programming and statistical methods in economics, as well as computer science courses such as the Computer Science Workshop, in addition to the core quantitative finance and further quantitative finance modules which are needed for a career in financial engineering and computational finance. 

You will also undertake a project, working with research leaders in mathematics and computer sciences. This will provide directly relevant training for a career in academic, and quantitative analysis in financial industry. A key component will be training specifically in independent study and research, an essential skill for quantitative analyst.

Career opportunities

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.

This programme gives an ideal preparation for a career in quantitative analysis in economic or financial sectors 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.

University Careers Network

Preparation for your career should be one of the first things you think about as you start university. Whether you have a clear idea of where your future aspirations lie or want to consider the broad range of opportunities available once you have a Birmingham degree, our Careers Network can help you achieve your goal.

Our unique careers guidance service is tailored to your academic subject area, offering a specialised team (in each of the five academic colleges) who can give you expert advice. Our team source exclusive work experience opportunities to help you stand out amongst the competition, with mentoring, global internships and placements available to you. Once you have a career in your sights, one-to-one support with CVs and job applications will help give you the edge.

If you make the most of the wide range of services you will be able to develop your career from the moment you arrive.