To successfully complete this course, you must have a good understanding of mathematics. You may well have studied finance, economics, engineering or maths or physics as an undergraduate. Or you might have a bachelor’s degree in a science subject, in particular computer science. You should have a general interest in mathematics and statistics.
You should have a general interest in learning the more technical and mathematical techniques used in financial markets, but you don’t need to have a background in finance.
The difference between the MSc Mathematical Trading and Finance to the other two quants courses (MSc Financial Mathematics and MSc Quantitative Finance) are core modules which focus on quantitative trading and structuring.
You’ll study core modules which focus on the theory of finance and different financial assets. You will look at how these assets are priced and used for asset management or risk management purposes.
The second type of core modules cover the mathematical and statistical aspects needed in quantitative finance, including some stochastics. This also includes learning some programming languages, in particular Matlab, but also VBA. Finally, Term three offers you flexibility within your masters; either by writing a dissertation or undertaking a project. You can complete your degree entirely choosing electives.
We review all our courses regularly to keep them up-to-date on issues of both theory and practice.
To satisfy the requirements of the degree course students must complete:
Assessment of modules on the MSc in Mathematical Trading and Finance in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.
The Mathematical Trading and Finance course starts with two compulsory induction weeks, focused on:
The job opportunities for students from the three quants Masters programmes are very similar. They usually find employment with large investment banks, but also some smaller boutique finance firms, hedge funds or other specialist companies.
Working as an analysis or quantitative analysts, in risk management, on fixed income security desks or in the asset management industry including hedge funds are typical jobs for students from the MSc Mathematical Trading and Finance. Some students also secure positions on trading desks.
You will also have the skills to study for a PhD in the area of quantitative finance and financial markets.
Visit the Mathematical Trading and Finance (MSc) page on the Cass Business School website for more details!
Cass Business School