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Universities Ireland University College Dublin Courses MSc in Quantitative Finance

MSc in Quantitative Finance

University College Dublin

Dublin, Ireland

Tuition Fee € 27,450
Country Rank#2
Duration12 Months
Score IELTS: 7 TOEFL: 100

Program Overview

Ambitious students with an educational background in Economics, Finance or STEM (Science, Technology, Engineering, and Mathematics) subjects and with a proven quantitative talent will be ideally suited to this programme.

This course covers a broad range of subjects related to the mathematical modelling of financial markets and the pricing and hedging of financial securities. The course equips you with the necessary theoretical, mathematical and computational skills needed to pursue a career in quantitative finance. If you are a competitive student looking for a career in finance that will use your quantitative talents to the full, this is the course for you.

For graduates wishing to pursue further the theoretical dimension to the discipline, the curriculum content provides the perfect basis for a Ph.D. in Finance.

The course was awarded Risk Management Accreditation by the Professional Risk Managers International Association (PRMIA), confirming the suitability of the course for preparing graduates for a career as professional risk managers. Graduating students obtain exemptions to PRMIA level 1 and 2 exams.

The programme can be undertaken on a part-time basis, thus enabling current professionals with the relevant background to combine working life with study, however this is dependent on students’ employment commitments. Note that this is not a dedicated part-time programme and that students will be required to attend lectures, tutorials and complete group assignments in conjunction with the full-time cohort, for whom the schedule is primarily during working hours for a block of hours on several days a week. Modules in autumn trimester will be delivered in a compressed format meaning that modules are taught intensively over two 6 week periods, requiring additional attendance at lectures and tutorials. Employer support is therefore essential.

Course Content
The 12-month, full-time course covers a broad range of disciplines and skill sets, whilst the personal and professional development of each student is achieved through a defined series of actions and events.

To complete the programme, students must complete twelve core modules. In the summer term students can complete a research project, two option modules or in a small number of cases, apply for a limited number of possible internships. With any possible internship opportunity students have to go through a competitive recruitment process, including interviews with employers, to be selected.

Autumn Trimester
- Capital Markets and Instruments
- Derivative Securities
- Financial Analysis
- Financial Econometrics
- Financial Theory
- Quantitative Methods for Finance
Spring Trimester
- Advanced Derivative Securities
- Advanced Statistical Computing Methods for Finance
- Numerical Methods
- Portfolio & Risk Management
Summer Trimester
- Ethics in Financial Services
Students choose one of the Pathways below:

Pathway A:
- Fixed Income Securities
plus choose two modules from the list below
- Advanced Treasury Management
- Financial Technology
- Mergers and Acquisitions
- Structured Finance
OR

Pathway B:
- Fixed Income Securities
- Summer Internship
OR

Pathway C: Research Dissertation

Please be advised that the above is the curriculum for the 20/21 academic year. Options listed are indicative of what has been delivered in previous years but what is offered each acadamic year is subject to change.
Entry Requirement
Taught Master's: A minimum overall score of 7.0 over all components and a minimum of 6.0 in each band on the Academic Version. The non-academic version is not accepted.

Taught Master's: A minimum score of 100 is required in the Internet based TOEFL (iBT) with a score of at least 20 in each section.

General Requirements
- Standard XII
- Central Board of Secondary Education (CBSE)
- Council for the Indian School Certificate (CISCE)
- Intermediate Exam (some state boards)
- Higher/Senior School Certificate/Examination (most state boards)
- Average is calculated on best 5 recognised subjects
- CBSE/AISSCE/CUSCE/ISC - English Language 80% OR IELTS/TOEFL or equivalent
- An honours bachelors degree in:
- Business/Commerce to include a number of quantitative subjects such as Economics or Finance
- a Finance-related-area, Mathematical Finance, Economics, Mathematics, Statistics, Computer Science, Engineering or Physics
- with a minimum 2.1 award at NFQ Level 8 (or international equivalent) in a. or b. above.
- Applicants should have demonstrated strong academic ability (a 1.1 or 2.1) in a number of quantitative modules in their degree, such as mathematics, statistics, or econometrics.
- Candidates may be asked to sit the Graduate Management Admissions Test (GMAT) subject to individual application.
Fees & Scholarships
The cost of studying at University College Dublin varies largely depending on the type of university and the degree chosen. More often than not, humanities, arts, and education courses are less expensive than degrees in medical, engineering, or management. Furthermore, students who choose to study at the postgraduate level typically pay higher tuition fees, which again vary depending on the programme chosen.

Most universities provide scholarships or financial aid to students in order to help them offset their tuition costs. Students should be aware that additional course fees and incidental expenses may not be included in tuition. On average, international students can expect to pay €27450 annually, to study in University College Dublin.
Career Prospect
The MSc in Quantitative Finance from UCD Michael Smurfit Graduate Business School is highly regarded within the financial services industry.

100% of our graduates from this programme were employed after 6 months across a range of industry sectors. (Source: Latest Graduate Outcomes Survey, published in November 2021).

Potential careers for our graduates include:
- Investment banking
- Portfolio management
- Trading
- Quantitative analyst
- Risk manager
- Data Scientist

Cost Of Studying At University College Dublin

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

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