Mathematical Finance MSc
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- Degree awarded
- Master of Science
- 12 months full-time
- Entry requirements
We normally look for a good upper second class honours degree, or the overseas equivalent, in Mathematics, Physics, Engineering or another subject, including Finance or Economics, with substantial mathematical content and high marks in mathematical and quantitative subjects.
- How to apply
|Full-time||Part-time||Full-time distance learning||Part-time distance learning|
The School of Mathematics and the Manchester Business School at the University of Manchester have combined their academic strength and practical expertise to deliver the MSc in Mathematical Finance (UK 1 year), ensuring that students can experience both the mathematical and economic perspective of the subject.
This is also supported by invited lectures from senior staff members of leading financial institutions and outstanding mathematicians who are internationally recognised for contributions to Mathematical Finance. Past lectures include:
Professor M. Schweizer (ETH Zurich and Swiss Finance Institute) An overview of quadratic hedging and related topics
Professor H. Follmer (Humboldt University of Berlin) Monetary valuation of cash flows under Knightian uncertainty
Professor M. H. A. Davis (Imperial College London) Contagion models in credit risk
The course provides students with advanced knowledge and understanding of the main theoretical and applied concepts in Mathematical Finance delivered from a genuinely international and multi-cultural perspective with a current issues approach to teaching. The focus is on mathematical theory and modelling, drawing from the disciplines of probability theory, scientific computing and partial differential equations to derive relations between asset prices and interest rates, and to develop models for pricing, risk management and financial product development.
The finance industry demands recruits with strong quantitative skills and the course is intended to prepare students for careers in this area. The course provides training for those who seek a career in the finance industry specialising in derivative securities, investment, risk management and hedge funds. It also provides research skills for those who subsequently wish to pursue research and/or an academic career (e.g. university lecturer) or continue the study at doctoral level, particularly those wishing to pursue further/advanced studies in Mathematical Finance.
There will be a University Postgraduate Open Day on Wednesday 27 November 2013. Further information can also be found at: http://www.maths.manchester.ac.uk/study/postgraduate/opendays/ .
For entry in 2014, the tuition fees are £18450 per annum for international students. Home student tuition fees for 2014 are £10700. For general fees information, please visit: Postgraduate Fees.
The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.
All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees. Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.
Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.
Information on possible scholarships/ sponsorships is available here.
- Academic department
- School of Mathematics
- +44 (0)161 275 5804
- +44 (0)161 275 5819