The MSc Financial Mathematics is based in the Department of Mathematics, and is taught in collaboration with the Department of Finance and the Department of Statistics. The programme draws on LSE's strengths in finance and related areas to provide high-level instruction in the mathematical theory underlying finance, and training in appropriate computational methods.
The programme aims to develop your understanding of quantitative methodologies and techniques which are important for a range of jobs in investment banks and other financial institutions; to enhance your critical appreciation of major issues and emerging theory in the area of financial mathematics; and to improve your personal skills, including logical reasoning, quantitative analysis and the presentation of technical results.
In addition to compulsory courses in The Mathematics of the Black and Scholes Theory, The Foundations of Interests Rate and Credit Risk Theory, Stochastic Processes, Fixed Income Markets, and Computational Methods in Finance, you will choose optional courses to the value of one and a half units. Choices include stochastic analysis, preferences, optimal portfolio choice, equilibrium, derivatives modelling, Markov processes, financial risk analysis, international finance, and forecasting of financial time series.
This programme is ideal preparation for a range of careers in the financial sector, industry and research.
Around £2 million is available annually in the form of awards from the Graduate Support Scheme (GSS). This scheme is designed to help students who do not have the necessary funds to meet all their costs of study. The standard value of GSS awards ranges from £3,000 to £10,000, depending on financial need. The intention of the Graduate Support Scheme is to support students who would otherwise struggle to come to LSE for financial reasons. The numbers of applicants in this category vary from year to year; you are encouraged to apply as early as possible because funds are limited. Your financial information will not be considered as part of your application for a place at the School.
Value of Scholarship(s)
£3,000 - £10,000
The Graduate Support Scheme is open to all applicants.
Once you have applied for admission, you can access the Graduate Support Scheme application form via Graduate Admissions' web tracker system.
We aim to notify you of the outcome of your application at the point of an offer of admission to the School being made. Please do not contact us before you receive a formal offer of admission. If you do not receive an offer of admission, the data you have submitted will be destroyed.
If you have submitted an application after receiving an offer of admission, then we aim to notify you of the outcome of your application within 4 weeks of submission. Please do not contact us if it is less that 4 weeks since you submitted your application.
The School has a wide range of scholarships available for taught master's students coming to LSE from certain countries and regions of the world. Scholarships are available for LSE students from Europe, North America, South America, the Middle East, Africa, Asia and Australasia.
Value of Scholarship(s)
Award values vary
Country of domicile, consult LSE Financial Support Office for specific criteria.
Students must complete the Graduate Support Scheme online application form, which is available on the Graduate Admissions' web tracker system once you apply for admission.
You will be automatically considered for all the scholarships for which you are eligible by completing and submitting this application form. It is therefore only necessary to complete application form once, regardless of how many awards you would like to be considered for.