MSc Quantitative Finance

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, this course requires a deposit of £2,000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

• you fail to meet the conditions of your offer (see below for further information); and/or
• you are refused a visa or entry clearance to enter the UK (proof must be submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

Contact us for further information about the new Accounting and Finance scholarship for UK/EU students and other scholarships available.

• Alliance MBS Masters Scholarships for UK/EU/International students
• Alliance MBS Masters Scholarships for US residents

We require a First or Upper Second class honours degree (2:1, with 60% average) from a UK university or the overseas equivalent.

• You ideally need a a degree in finance, economics, mathematics, statistics, physics, engineering, actuarial or decision sciences and have taken or be taking a significant number of modules in quantitative subjects, such as differential equations, econometrics or mathematical statistics in the final year of your degree, with excellent results
• A GMAT/GRE is not required to apply for this course but in some cases The Admissions Team may request this after the initial review of your application if your degree does not contain enough relevant quantitative modules.
• When assessing your academic record, we take into account your grade average, position in class and the standing of the institution where you studied your qualification. 

For the latest information on demonstrating your English proficiency for those whose first language is not English, please see our  language requirements .

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

We accept a range of qualifications from different countries. For these and general requirements see  entry requirements for your country .

We can only process applications with the following documents:

• valid English language qualification
• first and second year transcript (scanned copies are accepted at the time of application)
• list of final year modules (where possible this should be included within the same document as your first and second year transcript)
• statement of purpose (this is included as part of your application form, you do not need to email your statement of purpose directly to the Admissions Team)

To defer your offer to the following year, you must contact your admission officer to get a copy of the deferral form.  You can only defer your place for one year.

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

During the course you will be taking 180 credits in all. The eight taught units during semester one and two total 120 credits and consists of both compulsory and optional taught units which can be viewed in the list below.  

Over the summer period, you will carry out your Research Dissertation, worth 60 credits. The dissertation gives you the opportunity to apply what you have learned in the taught part of the course.  Our topics are aligned with the research interests of leading financial institutions from the City of London and internationally.

Examples of recent dissertation project topics include:

• Investigating dynamics and determinants of risk-neutral PDs
• Using hazard models to forecast corporate bankruptcy
• Analysing asset pricing implications from real options models
• Pricing sovereign CDS contracts
• Estimating liquidation probabilities of hedge funds

Masters scholarships for Accounting and Finance programmes for UK/EU students

We are delighted to be able to offer five scholarships available across the four Accounting and Finance programmes with a value of £10,000 towards the cost of the tuition fee. The scholarships will be awarded in line with our scholarship deadlines so early application is advisable.  Read more >>

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: dass@manchester.ac.uk