MSc Financial Mathematics

at London School of Economics

You will begin by taking the compulsory pre-sessional course, which introduces some key concepts and techniques of relevant mathematical theory, such as probability.

 

You will then take five compulsory courses and will choose optional courses from a range of options, including quantifying risk and modelling alternative markets, derivatives modelling, Markov processes, financial risk analysis, international finance, and forecasting of financial time series. 

 

(* denotes half unit) 

 

The Mathematics of the Black and Scholes Theory*
Focuses on mathematical development of the risk-neutral valuation theory.

 

The Foundations of Interest Rate and Credit Risk Theory*
Examines the mathematical foundations of interest rate and credit risk theory. 

 

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

 

Fixed Income Markets*
Focuses on recent developments in fixed income securities pricing, hedging and portfolio management. 

 

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

 

Courses to the value of one and a half units from a range of options.

Minimum entry requirements for MSc Financial Mathematics 

Upper second class honours (2:1) degree or equivalent in mathematics or another mathematics-based subject.
 

Competition for places at the School is high. This means that even if you meet our 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 Financial Mathematics
Home students: £31,584
Overseas students: £32,208

Quick Careers Facts for the Department of Mathematics
Top 5 sectors our students work in: 

• Financial service activities
• Insurance and pensions
• Legal and accounting activities
• Management consultancy activities

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.

 

This programme is ideal preparation for a range of careers in the financial sector, industry and research.