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MSc Computational Finance


Course Description

This programme is designed for graduates in mathematics, engineering, computer science and finance/economics wishing to pursue careers in the financial services and banking industry. The structure is of an interdisciplinary nature in which graduates coming from different disciplines collaborate to address the computational aspects of market risk. Our core philosophy is to equip our students with the appropriate knowledge in mathematical finance, focusing on a strong development of associated computational methods.

Our Royal Maritime (Heritage) London based campus, close to the financial district of Canary Wharf, enables the department to build ties with market practitioners permitting our students to become part of a wider financial group. Our seminar series, inviting both academics and practitioners, allows you to interact with our external links creating an advantageous learning experience. We provide the knowledge for you to build up your profile of understanding of current research practice in finance. You will be trained and equipped with the skills for derivatives pricing and make use of non-linear methods for quantitative analysis (programming in Matlab, R and VBA). Our classes include interactive applications that enhance your learning experience through innovative teaching. By utilising research expertise within the department you will graduate with a strong understanding of numerical methods. You will also develop an understanding for further applicability in relevant fields as in energy commodity markets, where part of our current research focuses on by combining the world leading Agent-Based research team with our Computational Finance applications for crude oil price modelling.

The programme welcomes both recent graduates as well as experienced professional practitioners who wish to further their skills. Programme assessments are all 100% coursework with problems relating to current market practice. A supervised dissertation project takes place after the end of the last teaching term during the summer months. Projects are allocated in March and students are encouraged to work on projects that provide genuine insight in financial markets analysis. The programme is also available on a part-time basis. For those already at employment the flexible part-time mode of study, two years typically but can be flexible, allows students to be committed to both the MSc programme and employment.

Visit the website http://www2.gre.ac.uk/study/courses/pg/maths/compfinance

Mathematics

Postgraduate mathematics students benefit from award-winning teaching and great facilities. Our programmes are informed by world-renowned research and our links with industry ensure our students develop the academic and practical skills that will enhance their career prospects.

What you'll study

Full time
- Year 1:
Students are required to study the following compulsory courses.

English Language Support Course (for Postgraduate Students in the School of Computing and Mathematical Sciences)
Financial Markets (Dual Award) (15 credits)
Masters Project (Maths) (60 credits)
Advanced Finite Difference Methods for Derivatives Pricing (15 credits)
Computational Methods (15 credits)
Mathematical Approaches to Risk Management (15 credits)
Mathematical Finance (30 credits)

Students are required to choose 15 credits from this list of options.

Scientific Software Design and Development (15 credits)
Inverse Problems (15 credits)

Students are required to choose 15 credits from this list of options.

Enterprise Software Engineering Development (15 credits)
Software Tools and Techniques (15 credits)
Actuarial Mathematics and Risk Modelling (15 credits)
Financial Time Series (15 credits)

Part time
- Year 1:
Students are required to study the following compulsory courses.

Computational Methods (15 credits)
Inverse Problems (15 credits)
Mathematical Finance (30 credits)

- Year 2:
Students are required to study the following compulsory courses.

Scientific Software Design and Development (15 credits)
Financial Markets (Dual Award) (15 credits)
Masters Project (Maths) (60 credits)
Advanced Finite Difference Methods for Derivatives Pricing (15 credits)
Mathematical Approaches to Risk Management (15 credits)

Fees and finance

Your time at university should be enjoyable and rewarding, and it is important that it is not spoilt by unnecessary financial worries. We recommend that you spend time planning your finances, both before coming to university and while you are here. We can offer advice on living costs and budgeting, as well as on awards, allowances and loans.

Find out more about our fees and the support available to you at our:
- Postgraduate finance pages (http://www.gre.ac.uk/finance/pg)
- International students' finance pages (http://www.gre.ac.uk/finance/international)

Assessment

100% coursework. Coursework assessment at the postgraduate level allows for better elaboration of ideas and expansion of knowledge. A supervised dissertation project takes places at the end of the teaching terms during the summer months. The Department is very keen to tackle dissertation topics.

Career options

Graduates are equipped with the tools needed to become quantitative analysts, work in risk and portfolio management as well as in the insurance sector. Our expert seminar series gives you the opportunity to interact with leading figures from industry and academia and undertake projects relating to current industry practice. A postgraduate qualification is a major achievement and a milestone in your specialised career path leading to a professional career. The Department also offers a PhD programme.

Find out how to apply here - http://www2.gre.ac.uk/study/apply

Visit the MSc Computational Finance page on the University of Greenwich website for more details!

Student Profiles
(Scholarship)

Fast Forward Master's Scholarships - 20+ Awards

Our Fast Forward Master's Scholarship will provide £5000 support which can be taken either as a discount from the normal fee or a cash bursary.Up to 80 scholarships will be available across the university.Criteria and who can apply?- Final year University of Greenwich home undergraduates (subject to a simple financial means threshold details below) who are predicted to achieve a First or Upper Second class degree. Offers for the Scholarship scheme will be made conditional upon achievement of that degree outcome.- Available for part time programmes. Part time fees will be split across the first two years of study.- Students will need to have a declared household income of £40,000 or less, and will be asked to demonstrate this by providing certain information as requested by the university.- Students funded by Student Finance England (SFE) will need to ensure that SFE have "consent to share" their household income assessment with the university.- Students who receive funding from Student Finance Services European Team, Student Finance Wales, Student Finance Northern Ireland or the Student Awards Agency for Scotland will be asked to by the University to provide documents from their funding provider to verify their household income.- Fees will be subject to a 5% prompt payment discount if paid in full by the end of September 2016. Other fee waivers (for example the Alumni and First Class Honours waivers) will not be payable in addition to Fast Forward Master's Scholarships.

Value of Scholarship(s)

£5000

Eligibility

Final year University of Greenwich home undergraduates (subject to a simple financial means threshold details below) who are predicted to achieve a First or Upper Second class degree. Offers for the Scholarship scheme will be made conditional upon achievement of that degree outcome.

Application Procedure

Before applying for this scheme you must first make an application for an eligible University of Greenwich Master's programme.Applications for Fast Forward Master's Scholarships will be addressed to check whether:- They meet the eligibility tests as summarised above and as set out more fully in the self-check eligibility test (see below)- They are predicted to achieve a First or Upper Second class degree.Those applications which pass this assessment will result in scholarship offers, on a first come/ first serve basis. These offers will be conditional on the achievement of a first or upper second class degree.

Further Information

http://www2.gre.ac.uk/study/finance/postgraduate/scholarships/fastforward



Entry Requirements

Those who have substantial commercial or industrial experience in a relevant field can be accepted, subject to interview, references, and recommendation from the programme committee. For applicants whose first language is not English, the minimum level of English is an IELTS score of 6.

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Recipient: University of Greenwich

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