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.

We offer a number of postgraduate taught scholarships and awards to outstanding UK and international students each year.

If you're a current or recent student at The University of Manchester and plan to start a master's course in the Faculty of Science and Engineering, you may be eligible for our  Manchester Alumni Scholarship Schemes .

The University of Manchester is committed to widening participation in master's study, and allocates £300,000 in funding each year. Our  Manchester Master¿s Bursaries  are aimed at widening access to master's courses by removing barriers to postgraduate education for students from underrepresented groups.

For more information, see the Department of Mathematics Fees and funding  page or visit the University of Manchester  funding for master¿s courses website for more information.

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
• We highly recommend GMAT or GRE and anticipate a well-balanced score with a strong performance in the quantitative sections
• When assessing your academic record, we take into account your grade average, position in class, references 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:

• up-to-date English language score outlining individual element scores, or date of your test (where applicable)
• first and second year transcript (scanned copies are accepted at the time of application)
• one academic reference letter , or a professional reference letter if you graduated more than two years ago
• statement of purpose
• copy of passport (for non-home/EU students only)

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:

• Approximation of CVA/DVA/FVA
• FVA and MM - quantitative analysis/illustration Continuous rainbow options on commodity outputs
• 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

Read about available scholarships and funding .

• Alliance MBS Masters Scholarships for UK, EU and International students
• Alliance MBS Masters Scholarships for US students

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