Taught course

Mathematical Finance

Institution
The University of Manchester · School of Mathematics
Qualifications
MSc

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.

Months of entry

September

Course content

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, 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. Most recent 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 programme 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 of the programme 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 this programme is intended to prepare students for careers in this area. The programme 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 and advanced studies in Mathematical Finance.

Information for international students

Students whose first language is not English require a minimum IELTS score of 6.5 with at least 6.5 in writing and 5.5 in each other component or equivalent.

Qualification and course duration

MSc

full time
12 months

Course contact details

Name
Recruitment and Admissions Administrator
Email
pgt-maths@manchester.ac.uk
Phone
+44 (0) 161 275 5804