The theoretical application of mathematics to the world of finance allows you to make good, informed decisions in the face of uncertainty. With the growth and progression of business across the globe, the need for those who can understand quantitative financial methods are becoming increasingly lucrative, sought-after individuals. For those with a strong mathematical background, and a wish to pursue a finance career, this programme is the ideal introduction to this exciting and expanding field.To understand, apply and develop these sophisticated methods requires a good understanding of both advanced mathematics and advanced financial theory. By combining the financial expertise in the University of Exeter Business School with our internationally respected Mathematics department, this comprehensive MSc programme will prepare you for careers in areas that require expert skills in mathematical and financial modelling, computational analysis and business management.
You will gain essential, complementary skills in multiple areas of study such as probability and stochastic analysis, option pricing, risk analysis and extremes, computational methods using MATLAB/C++, financial management and investment analysis. In addition, you will branch into a specialist area of study as you conduct a substantial project in a field of your choosing. The project will allow you to develop your research, computational and modelling skills with support from staff who have extensive experience working in multiple financial services and insurance industries.
The programme prepares you for a career in financial modelling within financial institutions themselves and within other sectors. It builds upon the success of Exeter’s well-established range of Masters programmes in Finance and related areas, many of whose graduates now hold senior positions in areas such as corporate financial strategy, financial planning, treasury and risk management and international portfolio management.
With the strong links between the College and the Met Office, the course also prepares you for career opportunities within reinsurance and credit risk management, especially in the development of financial models that rely on weather/climate systems.
The taught element of the programme takes place between October and May and is arranged into two 12-week teaching semesters.
Recent examples of compulsory modules are as follows; Methods for Stochastics and Finance; Analysis and Computation for Finance; Mathematical Theory of Option Pricing; Fundamentals of Financial Management; Research Methodology; Advanced Mathematics Project.
Some recent examples are as follows; Topics in Financial Economics; Investment Analysis 1; Banking and Financial Services; Derivatives Pricing; Domestic and International Portfolio Management; Investment Analysis II; Financial Modelling; Advanced Corporate Finance; Alternative Investments; Quantitative and Research Techniques; Advanced Econometrics; Dynamical Systems and Chaos; Pattern Recognition; Introduction to C++; Level 3 Mathematics Modules.
Society urgently needs experts with a multidisciplinary education in atmospheric and Earth System sciences. Climate change and issues of air quality and extreme weather are matters of global concern, but which are inadequately understood from the scientific point of view. Not only must further research be done, but industry and business also need environmental specialists with a strong background in natural sciences. As new regulations and European Union directives are adopted in practice, people with knowledge of recent scientific research are required.
Upon graduating from the Programme you will have competence in
Further information about the studies on the Master's programme website.
The six study lines are as follows:
Aerosol particles are tiny liquid or solid particles floating in the air. Aerosol physics is essential for our understanding of air quality, climate change and production of nanomaterials. Aerosol scientists investigate a large variety of phenomena associated with atmospheric aerosol particles and related gas-to-particle conversion using constantly improving experimental, theoretical, model-based and data analysis methods.
Hydrospheric geophysics studies water in all of its forms using physical methods. It includes hydrology, cryology, and physical oceanography. Hydrology includes the study of surface waters such as lakes and rivers, global and local hydrological cycles as well as water resources and geohydrology, the study of groundwater. Cryology focuses on snow and ice phenomena including glacier mass balance and dynamics, sea ice physics, snow cover effects and ground frost. Physical oceanography covers saline water bodies, focusing on describing their dynamics, both large scale circulation and water masses, and local phenomena such as surface waves, upwelling, tides, and ocean acoustics. Scientists study the hydrosphere through field measurements, large and small scale modelling, and formulating mathematical descriptions of the processes.
Meteorology is the physics of the atmosphere. Its best-known application is weather forecasting, but meteorological knowledge is also essential for understanding, predicting and mitigating climate change. Meteorologists study atmospheric phenomena across a wide range of space and time scales using theory, model simulations and observations. The field of meteorology is a forerunner in computing: the development of chaos theory, for example, was triggered by the unexpected behaviour of a meteorological computer model. Meteorology in ATM-MP is further divided into dynamic meteorology and biometeorology. Dynamic meteorology is about large-scale atmospheric dynamics, modelling and observation techniques, whereas biometeorology focuses on interactions between the atmosphere and the underlying surface by combining observations and modelling to study the flows of greenhouse gases and energy with links to biogeochemical cycles, for example.
Biogeochemistry studies the processes involved in cycling of elements in terrestrial and aquatic ecosystems by integrating physics, meteorology, geophysics, chemistry, geology and biology. Besides natural ecosystems, it also studies systems altered by human activity such as forests under different management regimes, drained peatlands, lakes loaded by excess nutrients and urban environments. The most important elements and substances studied are carbon, nitrogen, sulphur, water and phosphorus, which are vital for ecosystem functioning and processes such as photosynthesis. Biogeochemistry often focuses on the interphases of scientific disciplines and by doing so, it also combines different research methods. It treats ecosystems as open entities which are closely connected to the atmosphere and lithosphere. You will thus get versatile training in environmental issues and research techniques. As a graduate of this line you will be an expert in the functioning of ecosystems and the interactions between ecosystems and the atmosphere/hydrosphere/lithosphere in the context of global change. You will have knowledge applicable for solving global challenges such as climate change, air pollution, deforestation and issues related to water resources and eutrophication.
Remote sensing allows the collection of information about the atmosphere, oceans and land surfaces. Various techniques are applied for monitoring the state and dynamics of the Earth system from the ground, aircraft or satellites. While Lidar and radar scan from the surface or mounted on aircraft, instruments on polar orbiting or geostationary satellites permit measurements worldwide. In atmospheric sciences remote sensing has found numerous applications such as observations of greenhouse and other trace gases, aerosols, water vapour, clouds and precipitation, as well as surface observations, for example of vegetation, fire activity, snow cover, sea ice and oceanic parameters such as phytoplankton. Synergistic satellite data analysis enables the study of important processes and feedback in the climate system. Remote sensing advances climate research, weather forecasting, air quality studies, aviation safety and the renewable energy industry.
Atmospheric chemistry studies the composition and reactions of the molecules that make up the atmosphere, including atmospheric trace constituents and their role in chemical, geological and biological processes, including human influence. The low concentrations and high reactivity of these trace molecules place stringent requirements on the measurement and modelling methods used to study them. Analytical chemistry is the science of obtaining, processing, and communicating information about the composition and structure of matter and plays an essential role in the development of science. Environmental analysis consists of the most recent procedures for sampling, sample preparation and sample analysis and learning how to choose the best analytical methods for different environmental samples. Physical atmospheric chemistry studies focus on the reaction types and reaction mechanisms occurring in the atmosphere, with emphasis on reaction kinetics, thermodynamics and modelling methods.
A ship is setting sail from England.
It’s a very old, very particular kind of ship.
It’s the magnificent, creaky timbered, curly roped, burgundy sail kind. You’ve seen bigger ships surely, and certainly more streamlined, but this one is hard to get over. It’s the kind that straightens your back and brings a tear to your eye as you shyly lift your gaze to its regal shape. This is the kind of ship that shouldn't exist anymore.
Standing on the dock in the dusking light, you can hear singing carried over the waves, and excited laughter. Figures are calling to you from the deck, beckoning to you, calling to you in your old names. These are the names no one should know, the ancient names, how can this possibly be happening?
The evening moon is emerging from behind clouds. But let us lean forward, the captain is lifting her lantern: To all scholar-explorers and heretical investigators … there is something pressing to say, something urgent. This is an invitation.
We are setting sail to un-map the world.
Join us for this voyage … the world’s first postgraduate programme in Myth and Ecology – The Mundus Imaginalis.
In a time when every square inch of the globe seems to be neutered, quartered and googled, we intrepids are journeying out to glimpse the Otherworld that is secreted most wonderfully in this one - to peer into the steaming foliage and bright feathered world that still exists underneath the grid - whilst we still can. The hour is late.
This is an Otherworld that wriggles in your fist like the archaic trout of the smoky Thames and disappears (carrying all of Shakespeare in its scales) when we attempt to tell it what-it-is. This right-by-our-side Otherworld causes ink to slide off the page and evaporate when we produce the T-square too avidly.
We set sail to do nothing less ambitious than to court the mysteries: the small and gentle ones, the elaborate and complex gnashing teethed ones, the ones you glimpsed at the edge of your garden when you were little. We set sail to un-map our presumption that we know what the earth is.
When we un-map the world, we start the un-colonising of our own imagination and we move from personal fantasy to an imagination that is bigger than ourselves. We understand that psyches don’t only dwell within, we dwell amidst them, and their imagination help create our reality every day. When we un-map the world it starts to talk back to us, we begin to trail not trap. We start to witness not just thinking about the earth, but thoughts from the earth.
Our travels through the waters of time and place will bring us to people and traditions where the weaving of the human and non-human are at their most permeable, their most acute and most sophisticated. In the end, we will trade our tired maps for the best compass of all, the one that really matters - a truth north - what the Troubadours called ‘the educated heart’. It is time, as the poets say; ‘to think in ways we’ve never thought before’. It is time to trade comfort for shelter.
Make no mistake, study awaits. An un-gridded world reveals not just knowledge but wisdom, an un-mapped world will reveal not chaos but cosmos. With that wisdom, with that cosmos, comes tangible learning and focused application. Be prepared. This will be the most exacting journey. Take not one single step towards the gangplank without knowing that we take no passengers. So, here we stand on the dock. It is night, but the scholar-explorers are preparing to raise anchor. The captain leans forward with her lantern one more time, peers towards us and asks:
“Shall we go?”
This is a residential and immersive postgraduate programme that takes imagination seriously. It is delivered by Schumacher College, and is validated by University of Wales Trinity Saint David and led by mythologist Dr Martin Shaw and anthropologist Dr Carla Stang. Carla brings her knowledge of different cultures, her fieldwork and phenomenological study, Martin brings mythology and two decades of work as a wilderness rites-of-passage guide. As they rove through mythology, anthropology, philosophy and poetics, they will also invite guest teachers on a module by module basis.
This is a year-long programme where you will walk in and out of other centuries. It will be a deep and exacting study of image, cosmology, storytelling, myth and lived experience that reaches out to an earth that is profoundly more than human. From Amazonia to Siberia, from the Hermetic, Troubadour, Sufi and Romantic faiths and traditions, we are journeying out to study cultures that celebrate a world ensouled, alive and radiating intelligence.
The main counterweights of the year will be a progression through western mythologies (many hidden or barely remembered), and the lived philosophy of the Mehinaku people of Amazonia. There will be the study of many other lifeworlds, together with which we will learn how people in different times and places have and do respond to an earthy consciousness of extraordinary wonder, regarding such as both magical and utterly ordinary. Such experiential study is how we will begin to tune our ear.
Cloistered in the beautiful setting of the Dartington estate and upon the wild moors of Devon, England, is the chance to apprentice to subtle and often secret knowledge, the reason being that we are living in a time when many of these secrets need to become public, need to be practiced and need to be lived. In doing so we encounter the wonder of ordinary reality and that far from being a rarefied state available to only a few, we will find that a dynamic relationship to what the neo-platonists called the ‘Anima Mundi’- is our natural state.