Big data and quantitative methods are transforming political processes and decisions in everyday life. Local, national and international administrations are making "open data" available to wide audiences; giant, world-level web organisations are putting more and more "services" in synergy (search, map, data storage, data treatment, trade, etc.); and some private companies or governments are developing strongly ideological projects in relation with big data, which may have major consequence on the means by which we are ruled. All these issues involve data in text, image, numeric and video formats on unprecedented scales. This means there is a growing need for trained specialists who will have the cpacity to compete and/or collaborate with strictly business or technique-oriented actos on the basis of sound knowledge from political and international studies.
In contrast to degrees such as Data Science or Data Analytics, where the focus ends up being almost exclusively on data practices and computational tools, the MA in Big Data and Quantitative Methods provides you with a knowledge and understanding of the central and innovative quantitative approaches in political science, the debates they have generated, and the implications of different approaches to issues concerning big data and public policy. The MA also draws on the considerable expertise which Warwick now has in quantitative methods located in PAIS, Sociology, the Centre for Interdisciplinary Methodologies (CIM) and the Q-Step Centre.
Given that a noteworthy part of big data is actually social data, this MA programme seeks to attract students from a variety of social science-related disciplines, including politics, sociology, philosophy and economics; you do not need a background in statistics to be eligible for the course. Students are required to take three core modules: Fundamentals in Quantitative Research Methods (previously Quantitative Data Analysis and Interpretation); Big Data Research: Hype or Revolution?, and Advanced Quantitative Research, and have a range of optional modules to choose from in PAIS or from other departments across Warwick including Law, Philosophy, Sociology and the CIM. Graduates of this degree will be able both to engage technically with data released at a new scale and to keep a critical expertise on their relevance and quality, skills which are increasingly required in the competitive global job market.
In addition to regular modules, the Warwick Q-Step Centre is offering a range of different masterclasses. Topics include Reproducibility, Quantitative text analysis, Web data collection, Geostatistics, Inferential network analysis, Machine learning, Agent-based simulation and Longitudinal data analysis. All masterclasses are designed as comprehensive but gentle introductions to methods that are not covered at length in core method modules. They are intended to broaden your horizons and provide concepts and tools to be applied in your future research.
The MSc Quantitative Methods for Risk Management – formerly known as MSc Risk and Stochastics - offers in-depth instruction in probabilistic, statistical, and computational methods to quantify risk arising from, but not limited to, economic, financial, and insurance applications.
This programme is LSE’s timely response to industry’s strong demand in experts with quantitative expertise in risk management, finance, insurance, and their interface.
This programme will instruct you in theoretical as well as practical aspects of various quantitative methods to measure and mitigate financial and insurance risk. It draws on diverse disciplines, from mathematical finance, actuarial science to statistics and computation. You will work with real financial data to receive hands-on training in real-world problems and case studies. This programme draws on world class research in modern financial and actuarial mathematics and statistics within the Department.
The programme aims to prepare you for a range of expert careers in financial and insurance industries, in regulatory bodies, and in applied and theoretical research.
The programme offers excellent prospects for employment and further study. You can gain employment in the finance or insurance industries, or go on to do a higher degree. Our alumni have taken up positions in banks, asset management firms, insurance and reinsurance companies, data analytics companies, consulting firms, and world-wide research institutions.
Students who graduate from this programme are eligible to apply for exemption from the Institute of Actuaries subject 'ST0' on successful completion of the Computational Methods in Finance and Insurance project.