Financial Modelling and Optimization (MSc)

This programme involves two taught semesters of compulsory and optional courses followed by your dissertation project.
 

Compulsory courses have previously included:

• Discrete-Time Finance
• Stochastic Analysis in Finance
• Fundamentals of Optimization
• Research Skills for Financial Mathematics
• Risk-Neutral Asset Pricing
• Numerical Probability and Monte Carlo
• Optimization Methods in Finance
   

Optional courses have previously included:

• Fundamentals of Operational Research
• Stochastic Modelling
• Finance, Risk and Uncertainty
• Python Programming
• Algorithmic Game Theory and its Applications*
• Time Series
• Financial Risk Theory
• Large Scale Optimization for Data Science
• Credit Scoring
• Stochastic Control and Dynamic Asset Allocation
• Machine Learning in Python
• Numerical Partial Differential Equations
   

*delivered by the School of Informatics

A UK 2:1 degree, or its international equivalent, in mathematics or a mathematical subject such as statistics, physics or engineering.
 

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 have gone on to work in major financial institutions or to continue their studies by joining PhD programmes.