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  • Study Type

    Full time available

  • Subject Areas

    Mathematics

  • Start Date

    September

  • Course Duration

    1 year

  • Course Type

    MSc

  • Course Fees

    website

  • Last Updated

    10 August 2017

Course content

This programme combines in-depth training in mainstream advanced statistical modelling with a specialisation in financial mathematics.

The MSc in Statistics with Applications to Finance is a focused degree programme which enables you to both broaden and deepen your understanding of statistics and financial applications. As well as the statistics expertise within the School of Mathematics, the MSc also draws on experience in Financial Mathematics, a joint venture between the School of Mathematics and Leeds University Business School.

If you do not meet the full academic entry requirements then you may wish to consider the Graduate Diploma in Mathematics. This course is aimed at students who would like to study for a mathematics related MSc course but do not currently meet the entry requirements. Upon completion of the Graduate Diploma, students who meet the required performance level will be eligible for entry onto a number of related MSc courses, in the following academic year.

Accreditation

Royal Statistical Society Accreditation

On graduation you will be eligible for the Graduate Statistician (GradStat) status and after five years’ experience this can then be converted into the professional status of Chartered Statistician (CStat).

Being a chartered statistician provides employers, contractors and collaborators of statisticians a level of assurance that you are at the forefront of your field and is a mark of accomplishment to society.

Course content

The first two semesters of your course will consist of taught modules and in the third semester you will devote your time to a major dissertation. Within each semester you will take three compulsory modules. However, you can tailor the course to meet your individual needs through selection of a further module in each semester from a variety of options.

In the first semester you’ll be introduced to statistical computing with an emphasis on sampling-based methods including Markov Chain Monte Carlo. You’ll also explore financial investments such as stock and shares and develop the necessary probabilistic tools to evaluate risks within the market.

In semester two you’ll look at risk assessment in detail, gaining comprehensive knowledge of mathematical and practical approaches to financial risk management. Avoiding the disastrous consequences of badly managed risk requires detailed mathematical knowledge of how to quantify financial risk. You’ll also learn about pricing financial assets and forecasting future values within a time series.

Your third semester will be taken up by a dissertation in statistics. This will consist of a three-month research project undertaken in the summer on a topic chosen in conjunction with project supervisors, culminating in a dissertation on that project.

Course structure

Compulsory modules

  • Stochastic Financial Modelling 15 credits
  • Discrete Time Finance 15 credits
  • Continuous Time Finance 15 credits
  • Risk Management 15 credits
  • Computations in Finance 15 credits
  • Time Series and Spectral Analysis 15 credits
  • Statistical Computing 15 credits
  • Dissertation in Statistics 60 credits

Optional modules

  • Linear Regression and Robustness 15 credits
  • Statistical Theory 15 credits
  • Multivariate Analysis 10 credits
  • Bayesian Statistics 10 credits
  • Generalised Linear Models 10 credits
  • Introduction to Statistics and DNA 10 credits
  • Models in Actuarial Science 15 credits
  • Linear Regression and Robustness and Smoothing 20 credits
  • Multivariate and Cluster Analysis 15 credits
  • Bayesian Statistics and Causality 15 credits
  • Generalised Linear and Additive Models 15 credits
  • Independent Learning and Skills Project 15 credits
  • Statistics and DNA 15 credits

For more information on typical modules, read Statistics with Applications to Finance MSc in the course catalogue

Learning and teaching

This programme is taught jointly between the School of Mathematics and the Leeds University Business School. You will study a mixture of modules taught by specialists in each school though a combination of lectures and small group workshops.

Assessment

The taught course is primarily assessed by end-of-semester examinations with a small component of continuous assessment. The semester three project is assessed by a written dissertation and a short oral presentation.

Career opportunities

There is a shortage of well-qualified statisticians in the UK and other countries. Numeracy, in general, is an attribute keenly sought after by employers.

The emergence of data mining and analysis means that demand for statisticians is growing across a wide range of professions - actuarial, betting and gaming industries, charitable organisations, commercial, environmental, financial, forensic and police investigation, government, market research, medical and pharmaceutical organisations. The course is designed specifically to meet this demand.

Many statistical careers require people educated to masters degree level. This course is designed to build on existing mathematical skills and deepen knowledge of statistics in order for you to access a variety of professions or pursue further research as a PhD student.

Careers support

We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.

The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.


Visit the Statistics with Applications to Finance MSc page on the University of Leeds website for more details!

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