Financial Mathematics is a branch of Mathematics where advanced mathematical and statistical methods are developed for and applied to financial markets and financial management. Its main aims are to quantify and hedge risks in the financial marketplace.
Effective computational methods are crucial for the successful use of mathematical modelling in finance. The MSc in Financial and Computational Mathematics is designed to reflect this combination of knowledge and skills so that its graduates are well equipped to enter the competitive job markets of quantitative finance and related fields.
The course is focused on computational techniques and mathematical modelling used in the financial industry and on the required background in finance. The course is provided by the School of Mathematical Sciences with valuable input from the School of Economics. To ensure that the degree keeps pace with changes in employer expectations and employment opportunities, the course has its own advisory board which consists of leading experts from the financial industry and academia.
- The School of Mathematical Sciences is one of the largest and strongest mathematics departments in the UK, with over 60 full-time academic staff.
- In the latest independent Research Assessment Exercise, the school ranked 8th in the UK in terms of research power across the three subject areas within the School of Mathematical Sciences (pure mathematics, applied mathematics, statistics and operational research).
- In the last independent Teaching Quality Assessment, the School scored 23 out of 24.
- The course has its own advisory board (see below) consisting of leading experts from the financial industry and academia.
- The course is offered in collaboration with the School of Economics.
Core modules include: financial mathematics, advanced financial mathematics, scientific computing and c++, advanced scientific computing, financial mathematics dissertation.
Optional Stream 1 (Maths/Stats and Computing): Optimisation, Time Series and Forecasting, Statistical Foundations.
Optional Stream 2A: Econometic Theory, Financial and Macro Econometrics, Time Series Econometrics, Mathematics for Engineering Management, Game Theory.
Optional Stream 2B: Microeconomic Analysis, Financial Economics, Options and Futures Markets, Mathematics for Engineering Management, Game Theory.
English language requirements for international students
IELTS: 6.5 (with no less than 6.0 in any element)