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MSc Engineering with Finance

Course Description

The MSc in Engineering with Finance has been designed for engineering and science graduates who wish to pursue a career in finance. It is the first MSc in quantitative finance to be offered by a UK engineering department and provides a balanced mix of subjects in engineering and quantitative finance.

While a significant proportion of graduates working in the financial sector have an engineering background, most of the relevant MSc programmes are offered by Mathematics departments or Business Schools. Some engineers may find these programmes either too theoretical or not quantitative enough.

Our MSc in Engineering with Finance, instead, teaches concepts of finance at the level suitable to engineers, while also providing strong knowledge of quantitative methods to analyse real data. You acquire skills required by investment analysts, financial analysts, stockbrokers and market risk specialists.

The programme combines a balanced mix of subjects in engineering and quantitative finance, and is based on modules containing lectures, examples classes, directed self-study and PC-based laboratory classes. You acquire the skills required for a wide range of careers including investment analyst, financial analyst, stockbroker and market risk specialist.

Visit the website https://www.kent.ac.uk/courses/postgraduate/253/engineering-finance

About the School of Engineering and Digital Arts

The School successfully combines modern engineering and technology with the exciting field of digital media. Established over 40 years ago, the School has developed a top-quality teaching and research base, receiving excellent ratings in both research and teaching assessments.

We undertake high-quality research that has had significant national and international impact, and our spread of expertise allows us to respond rapidly to new developments. Our 30 academic staff and over 130 postgraduate students and research staff provide an ideal focus to effectively support a high level of research activity. There is a thriving student population studying for postgraduate degrees in a friendly and supportive teaching and research environment.

We have research funding from the Research Councils UK, European research programmes, a number of industrial and commercial companies and government agencies including the Ministry of Defence. Our Electronic Systems Design Centre and Digital Media Hub provide training and consultancy for a wide range of companies. Many of our research projects are collaborative, and we have well-developed links with institutions worldwide.


The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.

EL858 - Advanced Pattern Recognition (15 credits)
EL859 - Econometrics Applied to Finance (15 credits)
EL871 - Digital Signal Processing (DSP) (15 credits)
EL876 - Advanced Control Systems (15 credits)
EL877 - Strategic Analysis of Financial Systems (15 credits)
EL878 - Project Design (15 credits)
EL879 - Portfolio Theory and Asset Pricing Models for Engineers (15 credits)
MA934 - Probability and Statistics for Finance (15 credits)
EL890 - MSc Project (60 credits)


The project module is examined by a presentation and dissertation. The Research Methods and Project Design module is examined by several components of continuous assessment. The other modules are assessed by examinations and smaller components of continuous assessment. MSc students must gain credit from all the modules.

Programme aims

This programme aims to:

- educate graduate engineers and equip them with practical and theoretical engineering- knowledge to prepare them for careers in the field of quantitative finance

- provide you with a good understanding of a wide range of engineering methods applicable to financial problems

- provide you with a specialised understanding of the principles and practices of engineering required by financial analysts and risk management professionals, or for further research work

- provide you with proper academic guidance and welfare support

- create an atmosphere of co-operation and partnership between staff and students, and offer you an environment where you can develop your potential

- strengthen and expand opportunities for industrial collaboration with the School of Engineering and Digital Arts and the UK financial sector.


We have developed the programme with a number of industrial organisations, which means that successful students will be in a strong position to build a long-term careers in this important discipline.

The School of Engineering and Digital Arts (http://www.eda.kent.ac.uk/) has an excellent record of student employability (http://www.eda.kent.ac.uk/school/employability.aspx). We are committed to enhancing the employability of all our students, to equip you with the skills and knowledge to succeed in a competitive, fast-moving, knowledge-based economy.

Graduates who can show that they have developed transferable skills and valuable experience are better prepared to start their careers and are more attractive to potential employers. Within the School of Engineering and Digital Arts, you can develop the skills and capabilities that employers seek. These include problem solving, independent thought, report-writing, time management, leadership skills, team-working and good communication.

Kent has an excellent record for postgraduate employment: over 94% of our postgraduate students who graduated in 2013 found a job or further study opportunity within six months.

Building on Kent’s success as the region’s leading institution for student employability, we offer many opportunities for you to gain worthwhile experience and develop the specific skills and aptitudes that employers value.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

Visit the MSc Engineering with Finance page on the University of Kent website for more details!

(Student Profile)

Harpreet Sing Rai

2191.jpg Having studied Mathematics for my undergraduate degree, I decided to pursue postgraduate studies which would enable me to gain in depth financial knowledge and complement the abstract form of thinking which I had previously developed. The Msc course in Engineering with Finance at the University of Kent was ideal, as it was directed at graduates from scientific backgrounds, who aimed to combine their quantitative skills in ‘real- world’ financial situations, helping to bridge the gap between scientific academia and quantitative finance.

The staff on the MSc programme were both experienced and approachable and the small size of the seminars, including a significant number of one to one sessions, allowed me to acquire a sound understanding of the wide range of modules offered in this course. I was impressed by the plurality of choices, as this MSc consists of mainstream engineering core modules such as Advanced Control Systems and Advanced Pattern Recognition, but embraces other subjects within the fields of Statistics and Probability, to list a few.

I would wholeheartedly recommend this programme to any student contemplating a career within quantitative finance, as I received, from the outset, an encouraging number of responses to my job applications from very distinguished companies. Remarkably, I found myself in the very enviable position of having to choose amongst the offers of three prestigious multinationals in the sectors of banking, risk management and insurance. It seems to me that the success of this course is due to a number of factors, including the quality of the institution and the programme, as well as the dedication and enthusiasm of the staff.

(Student Profile)

Mengyang Wei

2192.jpg In 2011 I graduated from Tianjin University of Finance and Economics receiving a BSc in International Finance from the Department of Finance, School of Economics. When I began my undergraduate career, little did I know that my interest in finance would burgeon into a passion and inspiration to further my studies overseas. During the four years in university, I have learnt a great deal about Finance, and I found it both challenging and fascinating. So I want to develop my study about finance, not only in the financial aspect but also getting ideas and methods from different areas. Except for the economic theories, I want to learn to think in a more quantitative way when solving financial problems.

After searching many postgraduate courses, the MSc in Engineering with Finance programme at the University of Kent was the one that attracted me most. The course covers a wide range of engineering and mathematical methods applicable to financial problems.

The whole MSc project contains a mix of engineering and quantitative finance modules, which allows the student to combine engineering data analysis and forecast techniques with theories on portfolio management and asset models. The course consists of three types of modules. The first type is traditional engineering modules such as Advanced Control Systems and Advanced Pattern Recognition. The second type is mathematical modules which introduce the popular quantitative methods used in finance, such as probability and statistics for finance and financial engineering. The third type is the more finance-focused modules such as Portfolio Theory & Asset Pricing Models, and Financial Engineering.

After one year of study, I have gained a lot of engineering and mathematics knowledge that can be applied to the finance area. Also I have enhanced my skills in presentation and team work as well as in programming, using software such as MATLAB and Excel VBA. I found the financial engineering project very interesting and worth studying deeply. I have now decided to continue my study to a PhD research project, which focuses on the study of stability of the banking system using control theory.

(Student Profile)

Juned Miah

2193.jpg Hi my name is Juned, I am a recent graduate from the University of Kent where I studied an MSc in Engineering with Finance. The course gave me an excellent understanding of the key fundamentals which make up the world of Finance.

Modules such as Strategic Analysis of Financial Systems, Portfolio Theory and Asset Pricing Models and Control all played a part in securing my current job on a graduate scheme with a large consultancy firm based in central London. Due to the nature of consultancy, my role varies depending on which project I am on but on most projects I use I.T. to implement a solution for a client. A recent project for a client, who was a large Swiss Investment bank, included the creation of Value at Risk (VaR) and Trade sign off (TSO) reports. Other roles include business analysis roles which require us to bridge the gap between the business and the technology that drives it. This requires arranging meetings with senior stakeholders where by understanding and analysing their requirements further conversations are carried out with the technology teams where a solution is implemented.

It is fairly clear after being exposed in industry that there is a gap between a need a for people who understand finance but also have a strong computing side which I believe the MSc Engineering with Finance course at Kent helps achieve.


University of Kent Postgraduate Support Scheme 2015 - 20+ Awards

The bursaries are £10,000 each for study on a taught Master's degree programme at the University of Kent.
The bursary does not have to be repaid.
The bursary will contribute to the cost of tuition fees for the Master’s degree and any associated University charges (ie accommodation fees) with any balance awarded as a maintenance grant.
Bursaries are available for full or part-time study (over a maximum of two years).
Students must register for a taught Master’s degree programme at Kent, ie an award of LLM, MA, MSc in September 2015. Apply online.
The bursaries will be distributed in accordance with the following priority until all awards are allocated:
those who satisfy the eligibility criteria (below)
on the basis of their undergraduate degree classification (First or 2.1)
the date that all conditions of the offer are satisfied
We will aim to make the allocations by mid-July 2015
It is the responsibility of the applicant to ensure that all necessary data has been submitted and conditions of offer are satisfied as soon as possible.
The bursary cannot be held in conjunction with other funding except in exceptional circumstances and will not be awarded with any other funding from the University of Kent, for example the Alumni Loyalty Discount or Graduate School Scholarship

Value of Scholarship(s)



“Home” fee paying & UK permanent resident; Completed a 3 year UG degree, starting in 2012, finishing in 2015. Have paid, or be responsible for repaying to Student Loans Company, the higher rate tuition fees in full;
Have achieved a First or a 2.1; Have demonstrated criteria, to include either 1 or 2 below: 1. a household income of £42,620 or lower & either a) a family home postcode in an area of low participation in higher education or b) currently be in receipt of a Disabled Students’ Allowance, 2. be a care leaver; Have made an application and been admitted for a taught Master’s degree programme at Kent.

Application Procedure

Before you can be considered for a bursary you must make an application for an eligible taught postgraduate programme at the University of Kent, and be offered a place
Consideration for a bursary will be dependent on the degree application and you are urged to make an application for a place to study as soon as possible. Further information about the scheme and the selection processes will be made available as they are agreed and it is recommended that you check this page regularly for updates.
Please note: When making an application, please note you must use your family/parental address and postcode in order for us to confirm your eligibility

Further Information


Entry Requirements

A 2.1 or higher honours degree in engineering, scientific, computing, or similar discipline, together with a sound background in maths. Programming skills and knowledge of basic statistics are desirable. For detailed information see our English language requirements web pages (View Website).

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