Mathematical Finance Masters/MSc

Start date
September
Duration
1 year full-time
Course Type
Postgraduate, Taught
Fees
We charge an annual tuition fee. Fees for 2021/22:
£12,240 - UK students
£21,960 - International students
Further fee information is available.

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
  • Join a university that is number 2 in the United Kingdom for being most frequently targeted by the country’s top employers (High Fliers Research 2020).

We live in a global world where random events can have a significant impact on the global economy. Our MSc in Mathematical Finance develops mathematical and computational skills so that our students are fully prepared to assess and reduce risks when exploring investment opportunities in the face of uncertainty.

Dr David Leppinen, Senior Lecturer in Mathematics

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Modules

Core modules

Optional modules

Choose 60 credits. Example optional modules are listed below:

*If you have previously taken a variation of Mathematical Finance then they cannot take this module and Theory of Finance becomes compulsory.

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 2021/22

£12,240 for UK students
£21,960 for International students

Learn more about fees and funding.

Postgraduate Loans (PGL) for Masters students

UK students looking to pursue a Masters programme in the UK can apply for a non-means-tested loan from the British government via the Student Loans Company.

A loan of up to £11,222 is available to students applying to taught and research Masters courses (loan amount for 2020 entry).

Learn more about applying for PGL 

 

Scholarships

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.

 

How To Apply

International applicants requiring visas

Applications to this programme from students who are international for fees will close July 2021 (to be confirmed). We will close applications as soon as the programme is full, early applications are encouraged.

UK and non-Tier 4 applicants

Applications will close in mid September 2021 (to be confirmed). We will close applications as soon as the programme is full, early applications are encouraged.

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.

Students from JBJI who obtain a minimum 2:1 and the IELTS English (mandatory to obtain the Degree) will have automatic acceptance onto this programme.

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 60 taught credits of masters-level courses in each of Semester 1 and Semester 2. Core modules will develop your understanding of scientific and engineering programming, and advanced mathematical models in Mathematical Finance. You will take 60 credits of optional modules across economic, mathematical and financial topics to allow you to shape your degree to meet your career aims.

You will also undertake a 60-credit summer dissertation, working with research leaders in mathematics. This will provide directly relevant training for a career in academic, and quantitative analysis in the financial industry. You will train specifically in independent study and research, an essential skill for quantitative analysts.

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.

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.

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