Taught course

Mathematical Finance

Institution
Queen Mary, University of London · Mathematical Sciences
Qualifications
MSc

Entry requirements

The normal entry requirement for the MSc in Mathematical Finance is the equivalent of a British first or good upper second class honours degree in a subject with a substantial mathematical component: for example, mathematics, statistics, physics, economics, computer science or engineering. There is an English language requirement of IELTS 6.5. International applicants: Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details on our English language entry requirements If you do not meet language or scholarly requirements it might be possible for you to undertake foundation or pre-sessional programmes that will prepare you for the masters programme. For more information, please contact the Admissions Office.

Months of entry

September

Course content

Practices in the financial markets over the last years have contributed to the current economic situation. This specialised programme that has been designed to provide you with the necessary mathematical techniques and tools to understand and model the complexity of financial markets, and to succeed in a future career in the finance industry.

Designed to equip talented individuals with the skills necessary for a successful career in finance, this MSc brings together the strengths of two highly respected schools at Queen Mary – Mathematical Sciences, and Economics and Finance – to give you an in-depth understanding of the subject. Rigorous training is provided, relevant to roles in quantitative analysis, trading, financial engineering and structuring, risk management, and software development.

The programme consists of eight modules and a dissertation. You will develop an advanced understanding of the mathematical models used in finance, learn about a range of important numerical tools and techniques, gain practical skills in computer programming, and undertake a substantial research project under expert supervision in a chosen area of interest. Past dissertation topics have been in areas such as the distribution of loan portfolio value; passport options; the Heston stochastic volatility model, pricing American options using Monte-Carlo, and asset pricing with jump diffusion models.

This programme will:

  • Introduce you to the mathematics used by practitioners in the field.
  • Provide you a rigorous training and strong analytical and quantitative skills in finance.
  • Cover a wide range of analytical tools applied in quantitative asset pricing and financial derivatives.

Why study your MSc in Mathematical Finance at Queen Mary?

The programme brings together two highly-respected schools of Queen Mary, University of London. Expertise from the School of Mathematical Sciences ensures that the programme is mathematically sound, while the School of Economics and Finance contributes its huge knowledge of applied aspects of the financial market. The School of Mathematical Sciences has an excellent reputation, with more than half of its research judged to be either world-leading or internationally excellent in the latest Research Assessment Exercise. The School of Economics and Finance is one of the top Economics schools in the country, ranked joint sixth in the 2008 Research Assessment Exercise.

The School of Economics and Finance’s faculty members are distinguished research economists who publish in the profession's most influential journals and advise major institutions such as the World Bank and the Bank of England. Members of the School of Mathematical Sciences publish over one hundred books and scientific papers each year.

The 2011 National Student Survey has confirmed the School of Economics and Finance as one of the top UK Economics Schools for student experience.

The School of Mathematical Sciences is one of the largest UK mathematical science departments with excellent resources.

Queen Mary holds a university-level Bronze Award for the Athena SWAN Charter, which recognises and celebrates good employment practice for women working in mathematics, science, engineering and technology in higher education and research Facilities.

The Learning Resource centre has 200 networked PCs and is open to students round the clock, there are dedicated workstations for postgraduate students.

You will also have access to Queen Mary’s comprehensive libraries, including the Postgraduate Reading Room, and The British Library can also be accessed as a research resource.

You will have access to specialised facilities and equipment, including:

MSc Mathematical Finance students enjoy a large shared office in the Mathematics building and a dedicated computer network. The extensively refurbished Mathematical Sciences and Biological and Chemical Sciences buildings provide state-of-the-art facilities.

The School has a full range of computing facilities including a High Performance Computing Unit giving substantial computing power.

Our library has about 8,000 mathematical books and subscribes to a large number of mathematical journals. There is also access to substantial numbers of electronic journals.

Qualification and course duration

MSc

full time
12 months
part time
24 months

Course contact details

Name
School of Mathematical Sciences
Email
maths-pg@qmul.ac.uk