Computational Mathematical Finance (MSc)

This programme involves two taught semesters of compulsory and optional courses followed by your dissertation project. There are three streams: the Financial stream, the Computational stream and the Machine Learning stream. Each stream features different sets of compulsory and optional courses.
 

There are three streams: the Financial stream, the Computational stream and the Machine Learning stream*. Each stream features different sets of compulsory and optional courses.
 

Compulsory courses (for all streams) have previously included:

• Stochastic Analysis in Finance
• Discrete-Time Finance
• Python Programming
• Numerical Probability and Monte Carlo
• Risk-Neutral Asset Pricing
• Stochastic Control and Dynamic Asset allocation
• Research Skills for Financial Mathematics
   

Financial stream compulsory courses have previously included:

• Financial Risk Theory
• Optimization Methods in Finance
   

Computational stream compulsory courses have previously included:

• Time Series
• Numerical Partial Differential Equations
   

Machine Learning stream compulsory courses have previously included:

• Machine Learning in Python
   

Optional courses have previously included:

• Blockchains and Distributed Ledgers*
• Programming Skills*
• Finance, Risk and Uncertainty
• Bayesian Theory
• Reinforcement Learning*
• Algorithmic Game Theory and its Applications*
• Financial Risk Theory
• Credit Scoring
• Optimization Methods in Finance
• Bayesian Data Analysis
• Integer and Combinatorial Optimization
• Time Series
• Numerical Partial Differential Equations

A UK 2:1 degree, or its international equivalent, in mathematics or a mathematical subject such as statistics, physics or engineering. You must also have relevant programming experience (at least one semester undergraduate programming course, in any language e.g. C, C++, Java, Python, passed at 2:1 level).
 

English language requirements

You must demonstrate a level of English language competency at a level that will enable you to succeed in your studies, regardless of your nationality or country of residence.
 

English language tests

We accept the following English language qualifications at the grades specified*:

• IELTS Academic: total 6.5 with at least 6.0 in each component.
• TOEFL-iBT (including Home Edition): total 92 with at least 20 in each component. We do not accept TOEFL MyBest Score to meet our English language requirements.
• C1 Advanced (CAE) / C2 Proficiency (CPE): total 176 with at least 169 in each component.
• Trinity ISE: ISE II with distinctions in all four components.
• PTE Academic: total 62 with at least 59 in each component.
• Your English language qualification must be no more than three and a half years old from the start date of the programme you are applying to study, unless you are using IELTS, TOEFL, Trinity ISE or PTE, in which case it must be no more than two years old.

International/EU    
£33,500
 

International full-time student fees
 

If you are an Overseas/International taught student studying full-time over multiple years, you will:

• not be affected by the annual tuition fee increase
• be charged a fixed annual fee based on your start date

Graduates can expect to go on to work in major financial institutions or to continue their studies by joining PhD programmes.