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.
This programme covers traditional and contemporary approaches to software development, from formal methods to object-oriented programming. You will study with experts in subjects such as computer vision; critical systems; cryptography; distributed computing systems; e-business; intelligent agents; model checking and multimedia.
Semester one: Software Modelling Tools and Techniques; Software Project Management and Development; Web Architecture; Web Development; Intelligent Agents; Designing Usable and Accessible Technologies; Machine Learning; Implementing Cyber Security; Software Engineering and Cyber Security.
Semester two: Automated Code Generation; Semantic Web Technologies; E-Business Strategy; Open Data Innovation; Cryptography; Advanced Intelligent Agents; Advanced Machine Learning.
Plus three-month independent research project culminating in a dissertation.
Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Civil Engineering at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017).
Swansea University has an excellent reputation for civil engineering, the department is recognised as one of the top 200 departments in the world (QS World Subject Rankings).
The MSc Civil Engineering course aims to provide advanced training in civil engineering analysis and design, particularly in modelling and analysis techniques.
As a student on the MSc Civil Engineering course you will be provided with in-depth knowledge and exposure to conventional and innovative ideas and techniques to enable you to develop sound solutions to civil engineering problems.
Through the MSc Civil Engineering course, you will also be provided with practical computer experience through the use of computational techniques, using modern software, to provide a solution to a range of current practical civil engineering applications. This will enable you to apply the approach with confidence in an industrial context.
Civil Engineering at Swansea University is recognised as one of the top 200 departments in the world (QS World Subject Rankings).
As a student on the Master's course in Civil Engineering, you will find the course utilises the expertise of academic staff to provide high-quality postgraduate training.
Modules on the MSc Civil Engineering course typically include:
Water and Wastewater Infrastructure
Finite Element Computational Analysis
Advanced Structural Design
Entrepreneurship for Engineers
Numerical Methods for Partial Differential Equations
Computational Case Study
Reservoir Modelling and Simulation
Dynamics and Transient Analysis
Coastal Processes and Engineering
Flood Risk Management
The MSc Civil Engineering course at Swansea University is accredited by the Joint Board of Moderators (JBM).
The Joint Board of Moderators (JBM) is composed of the Institution of Civil Engineers (ICE), the Institution of Structural Engineers (IStructE), the Chartered Institution of Highways and Transportation (CIHT), and the Institute of Highway Engineers (IHE).
This degree is accredited as meeting the requirements for Further Learning for a Chartered Engineer (CEng) for candidates who have already acquired an Accredited CEng (Partial) BEng(Hons) or an Accredited IEng (Full) BEng/BSc (Hons) undergraduate first degree.
See http://www.jbm.org.uk for further information.
This degree has been accredited by the JBM under licence from the UK regulator, the Engineering Council.
Accreditation is a mark of assurance that the degree meets the standards set by the Engineering Council in the UK Standard for Professional Engineering Competence (UK-SPEC). An accredited degree will provide you with some or all of the underpinning knowledge, understanding and skills for eventual registration as an Incorporated (IEng) or Chartered Engineer (CEng). Some employers recruit preferentially from accredited degrees, and an accredited degree is likely to be recognised by other countries that are signatories to international accords.
Our new home at the innovative Bay Campus provides some of the best university facilities in the UK, in an outstanding location.
Hardware includes a 450 cpu Cluster, high-end graphics workstations and high-speed network links. Extensive software packages include both in-house developed and 'off-the-shelf' commercial.
Strong interaction and cooperation is forged with the construction industry and relevant member institutions of the Joint Board of Moderators (JBM), particularly the Institution of Civil Engineers (ICE) and the Institution of Structural Engineers (IStructE).
These companies actively engaged with Civil Engineering at Swansea University: Atkins, Arup, Balfour Beatty Civil Engineering Ltd, Black and Veatch Ltd, City and Council of Swansea, Dean and Dyball, Halcrow UK, Hyder (Cardiff), Interserve Ltd, the Institution of Civil Engineers (ICE), Laing O’Rourke, Mott MacDonald Group Ltd, Veryard Opus.
The civil engineering sector is one of the largest employers in the UK and demand is strong for civil engineering graduates. Thie MSc Civil Engineering course also equips you with the skills to be involved in other engineering projects and provides an excellent basis for a professional career in structural, municipal and allied engineering fields.
The MSc Civil Engineering is suitable for those who would like to prepare for an active and responsible career in civil engineering design and construction. Practising engineers will have the chance to improve their understanding of civil engineering by attending individual course modules.
“I decided to study at the College of Engineering as it is a highly reputable engineering department.
My favourite memories of the course are the practical aspects and the lab work. Group projects have given me the opportunity to work in a team to overcome engineering-based problems. Studying at the College of Engineering has given me a good knowledge of engineering principles and has helped me to apply this to real life problems.
As part of my time here, I took part in the IAESTE programme. I worked with the Department of Civil Engineering at the University of Manipal, Southern India, on a development project involving an irrigation system.
My future plan is to get some experience in an engineering firm, and hopefully, this experience will allow me to work abroad for an NGO on further development projects."
Thomas Dunn, MSc Civil Engineering