Mathematical Finance

at Warwick Business School

Programme structure

The MSc Mathematical Finance course combines compulsory and optional modules across the three terms of your one-year course, covering the four key pillars of the core skill set needed for a career in the finance industry: Financial Statistics, Financial Mathematics, Asset Pricing and Risk, and Simulation and Machine Learning for Finance. Alongside this, you'll learn programming for Quantitative Finance, focusing on C++, Python, and R.

COMPULSORY MODULES

• Programming for Quantitative Finance
• Stochastic Calculus for Finance
• Financial Statistics
• Simulation & Machine Learning for Finance
• Asset Pricing & Risk
• Financial Econometrics
• Applications of Stochastic Calculus in Finance
• Dissertation
   

Our MSc Mathematical Finance is a highly specialised and technical programme. To succeed on this course, you will need strong ability in Mathematics and Finance, and some experience in Statistics or Econometrics, evidenced by a high 2.1 or first in Mathematics, Statistics, Physics or another relevant quantitatively-focused undergraduate degree.  A clear emphasis in your choice of undergraduate electives on the aforementioned areas will strengthen your application.  
 

When assessing your academic record, we take into account your grade average, and the position of the institution where you studied your qualification.
 

You must have, or be expecting to obtain, at least a high 2.1 degree at Undergraduate level from a UK university, or overseas equivalent from a top-performing University.
 

While you will, throughout the course, develop all necessary advanced skills, confident foundations in mathematics (in particular sound knowledge of Probability Theory, Linear Algebra and Differential Calculus) are necessary to build on.
 

Given the fast pace of the course, it is strongly recommended that you undertake preliminary reading before the start of the course if you have little or no background in areas such as Measure-Theoretic Probability, Statistics, and Financial Economics. Before you join the course, we will make reading recommendations and other materials available via our dedicated pre-arrival pages.
 

Entry requirements

• A first or high 2.1 achieved in mathematics and statistics at Undergraduate level 
• We do not require a GMAT or GRE score but a well-balanced score (700+) may strengthen your application. 
   

English language requirements
 

If English is not your first language, you must meet a minimum overall standard in a recognised test of English, examples are shown below. You must show a good balance across all sections of the test and it must have been taken within two years of starting the course. We will require your certificates as evidence. 

EU/International fees: £36,000

This is payable at the start of the year, or in instalments, but to secure your place on the course you must lodge a £1,500 deposit with us within four weeks of receiving your offer. The deposit is part of the total fee, not an additional cost. 

The start of your time here at WBS is the beginning of the rest of your career, so it’s never too early to start thinking of how to make the right impression with employers. 
 

Our dedicated WBS CareersPlus team have a wealth of experience across a wide variety of sectors, so you can feel safe in the knowledge you’ll get the support you need to find the right career path for you.