This programme will help you develop an excellent understanding of statistics, along with advanced practical knowledge of financial markets. It will provide you with an enquiry-led understanding of interconnected subject areas in statistics and finance. It is ideally suited for graduates in mathematics, statistics, engineering, or a related discipline who wish to use their skills to pursue a career in finance.
You will take eight core courses and one optional course, and complete a substantial independent piece of work, normally in the form of a dissertation, on a finance-related theme. Teaching is through a combination of methods including lectures, seminars, tutorials and practical programming and data analysis classes. You will also have the opportunity to attend practitioner seminars so you can learn from leading experts.
Financial Modelling prepares you for a rewarding career in the financial sector for example as a quantitative financial analyst, equity analyst or risk analyst. Recent graduates have gone on to work for KPMG, Deloitte and Citic Securities. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.
This programme gives you a flexible syllabus to suit the demands of employers that use modern financial tools and optimization techniques in areas such as the financial sector and energy markets.
We will give you sound knowledge in financial derivative pricing, portfolio optimization and financial risk management.
We will also provide you with the skills to solve some of today’s financial problems, which have themselves been caused by modern financial instruments. This expertise includes modern probability theory, applied statistics, stochastic analysis and optimization.
Adding depth to your learning, our work placement programme puts you at the heart of financial organisations such as Moody's Analytics, Standard Life Investment and Lloyds Banking Group.
This programme involves two taught semesters of compulsory and option courses, followed by a dissertation project. You must obtain a total of 180 credits to be awarded the MSc. Over semesters 1 and 2, you will take a number of compulsory courses and optional courses. Successful performance in these courses (assessed through coursework or examinations or both) allows you to start work on a three-month dissertation project worth 60 credits, possibly with one of our industry partners, for the award of the MSc degree.
We work closely with the Scottish Financial Risk Academy (SFRA) to offer a number of short courses led by industry (part of our Research-Linked Topics) and to provide the opportunity to our best students to write their dissertations during placements with financial services companies.
At the end of this programme you will have:
Graduates have gone on to work in major financial institutions or to continue their studies by joining PhD programmes.
The ICMA Centre’s financial engineering degree is highly respected by quantitative analysts and their employers. The credit crunch and subsequent events have emphasised the need to develop better pricing and better hedging models for all complex products. The practical and quantitative skills that you will develop on the programme will equip you to meet this challenge.
Our compulsory modules provide a firm grounding in probability theory, stochastic calculus, derivatives pricing, quantitative and numerical methods, structuring products, volatility analysis, and the modelling of credit, equity, foreign exchange and interest rate derivatives. We also provide a thorough training in C++ and other programming tools.
Optional modules will allow you to focus on risk analysis, portfolio management, designing trading strategies or econometric analysis. This newly structured degree aims to further enhance the strong reputation of its precursor – the MSc in Financial Engineering and Quantitative Analysis, which was established back in 1999. A good background in mathematics is required for acceptance to this programme (see entry requirements below).
October – December: Part 1 Autumn Term
January: Part 1 Exams
January-April: Part 2 Spring Term
May – June: Part 2 Exams
June – August (12 month programme only): Part 3
August/Sep (12 month programme only): Part 3 Coursework deadlines
Part 1 compulsory modules
Part 2 compulsory modules
Part 2 optional modules
Students on the 9-month (12-month) programme can select 40 (20) credits from the following modules:
Part 3 optional modules
Students on the 12-months programme should take 20 credits from the following:
Full-time: 9 months Full-time: 12 months
Students will be resident and undertake full-time study in the UK. Under both, the 9 and 12-month programmes students take compulsory and/or elective modules in Part 2.
The 12 month option involves taking an elective 20 credit module between July and August, which would also mean a 20 credit reduction in the number of taught modules taken in the spring term.
Many of our financial engineering graduates are now working as Quants in large London banks and other financial institutions. Others have pursued PhDs and have successful academic careers. Financial instruments are becoming ever more sophisticated, so graduates that understand complex modelling techniques are always in great demand. The high quantitative content of this programme opens many doors to a wide range of careers. You could structure and develop new debt or equity solutions to meet clients funding and hedging needs, or you could become a proprietary trader in exotic derivatives, or a software specialist or a quantitative analyst supporting the traders.
There are excellent opportunities on the buy-side, with hedge funds and investment institutions, as well as in investment banking and in software analytics. Opportunities in quantitative research, or with a rating agency, are among the many other attractive alternatives. Outside of mainstream banking and investment, you might also consider firms involved in commodity and energy trading, or the treasury divisions of leading multinationals and management consultancies.
ICMA Fixed Income Certificate
To obtain the requisite knowledge to pass the rigorous FIC exam, students are required to take the ICMA Centre Fixed Income Cash and Derivatives Markets module at Part 2. In order to receive the FIC certificate, students will need to register and pass the FIC exam through ICMA.
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.
Global capital and money markets are rapidly evolving and critical expertise is highly sought after. If you’re interested in a professional career in finance and investment, this Masters will equip you to apply your problem-solving skills to the financial markets.
You’ll be introduced to advanced concepts and practices in essential topics including international investment, financial modelling, corporate finance and security investment analysis.
Thanks to our excellent links with industry, commerce and professional bodies, you’ll gain a practical understanding of how essential financial theory is applied in practice. Case study exercises and simulations test your knowledge in real business scenarios, connecting you with the latest challenges and issues in the financial markets.
You’ll learn from leading academics with research and consultancy expertise to gain a qualification valued worldwide in the finance and investment industry.
As a student, you will be able to access the knowledge of our advanced specialist research units, which also have strong links with leading institutions in the US, Europe and Asia. These include the Centre for Advanced Study in Finance (CASIF), the Institute of Banking and Investment (IBI) and the Credit Management Research Centre (CMRC). This research makes an important contribution to your learning on the MSc Finance and Investment; you will benefit from a curriculum that is informed by the latest knowledge and critical thinking.
You will also benefit from our strong relationships with the finance, credit and accounting professions. This provides a connection to the latest practitioner and policy developments, giving you a masters degree that is relevant to the contemporary environment.
Throughout the course we support you to develop the professional skills that will be critical for a successful career in the financial services.
You’ll build knowledge of key topics in finance and investment such as financial modelling, corporate finance, security investment analysis and international business finance. You’ll apply this knowledge of financial theory to solve real problems and explore international investment in depth.
Your choice of optional modules will allow you to gain specialist knowledge in areas that suit your career plans. You’ll be expected to take at least one of Corporate Governance or Behavioural Finance, but you could also study accounting, financial derivatives, forensic finance and more.
The programme will improve your understanding of research methods in finance, during a dedicated module led by experts currently involved in cutting-edge research. You’ll apply this knowledge to design and carry out your own research dissertation on a related topic of your choice, developing your ability to tackle the most pressing challenges currently facing the industry.
You’ll take eight compulsory modules including your dissertation.
You’ll also take two optional modules, one of which must be either Behavioural Finance or International Business Finance.
We use a variety of teaching and learning methods to help you make the most of your studies. These will include lectures, seminars, workshops, online learning and tutorials. Independent study is also vital for this course allowing you to prepare for taught classes and sharpen your own research and critical skills.
In addition to the assessed modules and research dissertation, you benefit from professional training activities and employability workshops. Thanks to our links with major companies across the business world, you can also gain a practical understanding of key issues.
For example, students have developed their knowledge of financial markets through a one-week trading simulation delivered in partnership with Amplify Trading. Read more about professional development activities for finance students.
Assessment methods emphasise not just knowledge, but essential skills development too. They include formal exams, group projects, reports, computer simulation exercises, essays and written assignments, group and individual presentations and reflective logs.
As a graduate of this course you will be able to demonstrate in-depth knowledge of core finance and investment principles, and the numerical and analytical skills to succeed in this rapidly changing complex environment.
Graduates have a broad appeal to employers in the worldwide finance sector. Many have gone on to careers such as traders, risk managers, portfolio managers and security analysts.
Our unique combination of business and mathematics modules enables you to perform successfully in a business environment by making the best use of your analytical and programming skills.
We help you to achieve your career ambitions by providing professional development support and training as part of the course. You benefit from the support of a Professional Development Tutor, who will work with you to develop the important professional skills that employers value.
We’re committed to offering a wide range of development and training opportunities. Recent activities have included field trips, CV building and interview sessions, professional risk management workshops and commercial awareness networking events.
Read more about our careers and professional development support.
The University of Leeds Careers Centre also provides a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate.
This Master's is suitable if you aim to build your financial skills set so that you are able to take up key roles in corporate finance or risk management within different sectors.
You will develop your knowledge and critical understanding of the varied financial management and treasury needs of organisations in both domestic and international financial activities.
The design of this degree takes into account the need for businesses to address the consequences of globalisation and global operations on financial management with emphasis being placed on risk assessment and management. You will also undertake a dissertation enabling you to demonstrate your deeper understanding in a subject of your choice.
The Master's finance suite of programmes has a typical intake of over 80 students with over 30 nationalities. This provides you with an excellent opportunity to exchange viewpoints on global financial impacts with peers from around the world.
Greenwich is one of the top two most globally diverse universities in the UK, US, Australia and New Zealand, by Hotcourses Diversity Index.
We have also been named as one of the "most international" universities on the planet by Times Higher Education magazine.
Industry experts provide guest lectures, career development advice and curriculum input. Sector professionals are involved in developing content and teaching on various courses. As part of our continuing Big Picture guest seminar series, senior executives from Northern Trust and Barclays are invited to pass on their insights and experience.
Our accounting and finance subjects at the University of Greenwich are ranked:
The degree aims to:
Students are required to study the following compulsory courses.
Students are required to choose 1 course from this list of options.
Students are required to study the following compulsory courses.
Students are required to choose 45 credits from this list of options.
Students are required to study the following compulsory courses.
Students are required to choose 60 credits from this list of options.
Students are assessed through:
Graduates from this programme may find employment in industry as financial managers, corporate treasurers or risk analysts.
Employers of our graduates include AES Corporation, Ahorro Corporation, European Dynamics, Headstrong, Piraeus Bank and Polish Telecom.
We have developed strong relations with companies in the financial centres in London, including in the City, Canary Wharf and Fenchurch Street. This offers you networking, mentoring and internship opportunities, making it a perfect location to develop your career.
You can also reach out to top employers through our dedicated Business School Employability Office (BSEO). Our team focuses on developing your employment skills through CV support, interview skills workshops and guidance through mentors to progress in the industry. This includes the opportunity to network with employers and recruiters at career fairs.
The BSEO team was shortlisted for the Times Higher Education Leadership and Management Awards, which shows its dedication to actively support your career development.
We encourage you to join societies such as the Trading and Investment Society and take part in student competitions like the UK Trading Challenge. We are proud that our team of first year Greenwich students won the competition, beating teams from many other universities.
This MSc programme, which has been designed in conjunction with leading risk professionals, aims to meet the growing demand for professionals who are highly skilled in quantitative risk management. Students gain core competencies in risk analysis and have the opportunity to tailor the programme to their own interests and needs through the wide variety of options available.
Students will be educated to an advanced level in programming and computing and will gain mathematical, statistical and computational modelling skills. They will have a clear appreciation of different types of risk within the industry, and of the managerial and psychological issues related to risk control.
Students undertake modules to the value of 180 credits.
The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).
A Postgraduate Diploma will be offered to the students that have completed eight taught modules (120 UCL credits).
A Postgraduate Certificate will be offered to the students that have completed four taught modules (60 UCL credits).
Students choose 60 credits of optional modules from the following:
Please note: the availability and delivery of optional modules may vary, depending on your selection.
With permission, a student may substitute up to two optional modules with electives. A list of acceptable elective modules is available on the Departmental page.
Students undertake modelling, research and data analysis which takes place over the summer placement. This forms the basis of the 10,000-word dissertation.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and project work. Modules are assessed by written papers and/or coursework. The research project is assessed by a written report and (optional) oral examination.
Students undertake a summer work placement in an industry environment organised by the department.
Further information on modules and degree structure is available on the department website: Financial Risk Management MSc
Many students have gone on to careers in financial services in the City of London or in their home countries; a number of graduates have proceeded to PhD-level study.
Recent career destinations for this degree
Students acquire mathematical, statistical and computational skills which are highly sought after by the financial industry to assess, quantify, model, simulate and edge risk.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the financial services industry place great emphasis on raising the level of quantitative analytics used in risk management and compliance. UCL, in collaboration with the BoE/FCA, aims to set a new benchmark in this area, based on training students to become risk professionals who are good scientists in the area of risk management.
UCL Computer Science is recognised as a world leader in teaching and research. Our Master's programmes have some of the highest employment rates and starting salaries, with graduates entering a wide variety of industries.
We take an experimental approach to our subject, enjoy the challenge and opportunity of entrepreneurial partnerships and place a high value on our extensive range of industrial collaborations.
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Computer Science
96% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.