The programme provides graduates with strong mathematical skills, the necessary computational techniques and finance background relevant to subsequent employment in a sector of finance such as investment banks, hedge funds, insurance companies and the finance departments of large corporations where mathematics plays a key role.
The depth of the mathematics taught should enable graduates to pursue research careers in stochastic analysis, financial mathematics or other relevant areas.
The period October to June is devoted to lectures, tutorials and practical sessions comprising the core and optional modules. This is followed by a period of about 14 weeks devoted to an individual project.
Core study areas include measure theory and martingales, stochastic models in finance, stochastic calculus and theory of stochastic pricing and a research project.
Optional study areas include programming and numerical methods, regular and chaotic dynamics, financial economics, functional analysis, elements of PDEs, static and dynamic optimisation, asset management and derivatives, and corporate finance
Semester 1: Compulsory Modules - Introduction to Measure Theory and Martingales - Stochastic Models in Finance
Optional Modules (choose two) - Programming and Numerical Methods - Regular and Chaotic Dynamics - Financial Economics
Semester 2: Compulsory Modules - Stochastic Calculus and Theory of Stochastic Pricing - Research Project
Optional Modules (choose three) - Functional Analysis - Elements of PDEs - Static and Dynamic Optimisation - Either Asset Management and Derivatives or Corporate Finance
A combination of written examinations, reports, individual and group projects, and verbal presentations.
Careers and further study
This programme may lead to a wide range of employment within industry, the financial sectors, and research establishments. It may also provide an ideal background for postgraduate research in Stochastic Analysis, Probability Theory, Mathematical Finance and other relevant areas.
Scholarships and sponsorships
A number of part-fee studentships may be available to appropriately qualified international students.
Why choose mathematics at Loughborough?
Mathematics at Loughborough has a long history of innovation in teaching, and we have a firm research base with strengths in both pure and applied mathematics as well as mathematics education.
The Department comprises more than 34 academic staff, whose work is complemented and underpinned by senior visiting academics, research associates and a large support team.
The programmes on offer reflect our acknowledged strengths in pure and applied research in mathematics, and in some cases represent established collaborative training ventures with industrial partners.
- Mathematics Education Centre (MEC) The Mathematics Education Centre (MEC) at Loughborough University is an internationally renowned centre of research, teaching, learning and support. It is a key player in many high-profile national initiatives. With a growing number of academic staff and research students, the MEC provides a vibrant, supportive community with a wealth of experience upon which to draw. We encourage inquiries from students who are interested in engaging in research into aspects of learning and teaching mathematics at Masters, PhD and Post Doc levels. Career prospects With 100% of our graduates in employment and/or further study six months after graduating, career prospects are excellent. Graduates go on to work with companies such as BAE Systems, Citigroup, Experian, GE Aviation, Mercedes Benz, Nuclear Labs USA and PwC.
- Career prospects With 100% of our graduates in employment and/or further study six months after graduating, career prospects are excellent. Graduates go on to work with companies such as BAE Systems, Citigroup, Experian, GE Aviation, Mercedes Benz, Nuclear Labs USA and PwC.
Tick this if you’d like to know more about fees for this course or university– including information for part-time, distance-learning or international students. Why not use the message box below to tell the university which specific fees you’d like to know more about or to ask about funding opportunities?
Tick this if you have questions about getting admitted to courses at this university, including queries about eligible undergraduate degree subjects or academic entry tests.
Why not use the message box below to tell the university about your existing qualifications and experience?
Tick this is you have questions about studying in a foreign language at this university.
Why not use the message box below to tell the university about your language proficiency or ask if it accepts specific test scores?
Tick this if you’d like to know more about the application process at this university, including the material you will need to provide and the deadline for submissions.
Why not use the message box below to ask more specific questions, such as requirements for international students?
Tick this if you have a more specific enquiry, or if you would just like more general information (such as a prospectus). Use the message box below to let the university know how it can help you.
Including a specific message makes it easier for universities to help you with your enquiry and application. You can ask about information for international applicants, scholarships, student accommodation or anything else you’d like to know about the course.
* required field
Please correct the errors indicated below to send your enquiry