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Universities United Kingdom University of Leeds Courses Statistics with Applications to Finance MSc

Statistics with Applications to Finance MSc
at University of Leeds

Leeds, United Kingdom

Tuition Fee £ 25,000
Country Rank-
Duration12 Months
Score IELTS: 6.5

Program Overview

This Masters degree combines in-depth training in mainstream advanced statistical modelling with a specialisation in financial mathematics.

Statistics with Applications to Finance MSc is a focused degree programme which enables you to broaden and deepen your understanding of statistics and financial applications.

As well as the statistics expertise within the School of Mathematics, the MSc also draws on experience in Financial Mathematics.

Course highlights

Our courses are shaped by our leading research in areas such as probability and financial mathematics, modern applied statistics, and analysis.
Access to modern facilities and computing equipment throughout the school, complemented by social areas, communal problem-solving spaces and quiet study rooms
Benefit from the school’s close links with organisations like Leeds Institute for Data Analytics, Leeds Institute for Fluid Dynamics and the Alan Turing Institute
A diverse and supportive community of mathematicians from all over the world

Course Content
The first two semesters of your course will consist of taught modules and in the third semester you will devote your time to a major dissertation. Within each semester you will take compulsory modules, with some optional modules available to suit your individual needs to broaden your knowledge in statistics.

In the first two semesters you’ll be introduced to forecasting future values within a time series and explore financial investments such as stocks and shares and develop the necessary probabilistic tools to evaluate risks within the market.

You’ll also look at risk assessment in detail, gaining comprehensive knowledge of mathematical and practical approaches to financial risk management. Avoiding the disastrous consequences of badly managed financial risk requires detailed mathematical knowledge of how to quantify that risk. The course also covers the pricing of financial assets.

Your third semester will be taken up by a dissertation in statistics. This will consist of a three-month research project undertaken in the summer on a topic chosen in conjunction with project supervisors, culminating in a dissertation on that project.

Modules

Year 1

Compulsory modules
- Discrete Time Finance
- Continuous Time Finance
- Risk Management
- Time Series and Spectral Analysis
- Dissertation in Statistics
Entry Requirement
A bachelor degree with a 2:1 (hons) in a subject containing a substantial mathematical and statistical component.

Successful applicants will have a foundation in Statistics including strong grades in statistical modules (no key marks below 2:2). We may ask for further detailed module information if these are not clear on your transcript. We do not normally accept degrees in Accountancy or Finance.

English language requirements

IELTS 6.5 overall, with no less than 6.0 in any component.
Fees & Scholarships
Fees
- UK: £11,750 (total)
- International: £25,000 (total)
Career Prospect
There is a shortage of well-qualified statisticians in the UK and other countries. Numeracy, in general, is an attribute keenly sought after by employers. The emergence of data mining and analysis means that demand for statisticians is growing across a wide range of sectors, including:
- Actuarial, betting and gaming industries
- Charitable organisations
- Commercial, environmental and financial organisations
- Forensic and police investigation
- Government departments
- Market research
- Medical and pharmaceutical organisations

Cost Of Studying At University of Leeds

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

Check Loan Eligibility

Statistics with Applications to Finance MSc at University of Leeds