MSc Quantitative Methods for Risk Management

You will take a compulsory two-week pre-sessional course in Financial Mathematics before the start of the programme. You will then take courses to the value of four full units in total, made up of compulsory and optional courses. The three compulsory courses lay the foundations in advanced probabilistic models and statistics methods and give a broad introduction to theories of risk in insurance and finance. For the optional courses, you can choose from courses in statistics, mathematics and finance. You will choose options to the value of two and a half units in total.

 

(* denotes a half unit)

 

Stochastic Processes* 
Provides a broad introduction to stochastic processes with an emphasis on financial and actuarial applications. 

 

Statistical Methods for Risk Management*
Introduces statistical methods to measure risk. All theoretical models are implemented in R and applied to real financial and insurance data. 

 

Computational Methods in Finance and Insurance*
Develops computational skills and introduces a range of numerical techniques of importance in actuarial and financial engineering. 

 

Optional courses to the value of two and half units

Minimum entry requirements for MSc Quantitative Methods for Risk Management
 

Upper second class honours (2:1) degree or equivalent in actuarial science, mathematics, statistics, or mathematical economics/finance. 

 

Competition for places at the School is high. This means that even if you meet the minimum entry requirement, this does not guarantee you an offer of admission.

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

 

Tuition fees 2022/23 for MSc Quantitative Methods for Risk Management
Home students: £31,584
Overseas students £32,208

Quick Careers Facts for the Department of Statistics
Median salary of our PG students six months after graduating: £45,500

 

Top 5 sectors our students work in:

• Financial service activities
• Legal and accounting activities
• Computer programming and consultancy
• Education
• Insurance and pensions

The data was collected as part of the Graduate Outcomes survey, which is administered by the Higher Education Statistics Agency (HESA). Graduates from 2017-18 were the first group to be asked to respond to Graduate Outcomes. Median salaries are calculated for respondents who are paid in UK pounds sterling.

 

The programme offers excellent prospects for employment and further study. You can gain employment in the finance or insurance industries, or go on to do a higher degree. Our alumni have taken up positions in banks, asset management firms, insurance and reinsurance companies, data analytics companies, consulting firms, and world-wide research institutions.