Taught course

Mathematical Finance

Institution
University of Birmingham · School of Mathematics
Qualifications
MSc

Entry requirements

A good Honours first degree (or overseas equivalent) in Economics or a related discipline. You are expected to have received a good training in economics, to at least intermediate level, and to have a basic knowledge of calculus and statistics

Months of entry

September

Course content

This programme, taught jointly by the School of Mathematics and the Department of Economics, provides the skills that will enable technically able graduates (including in mathematics, science and engineering) to apply their quantitative training to financial analysis.
In most cases, we expect that graduates from the Masters will take positions in quantitative analysis (or similar) in major financial institutions, such as in the City. The programme also prepares you to pursue further studies in academia.
The programme comprises 180 credits in total (credits are given in brackets).
Term 1 (October – December)
Compulsory Modules
  • Econometrics with Financial Applications (15+)
  • Introduction to quantitative finance (10+)
  • Computational Methods and Frontiers (10+)
  • Risk Analytics (10)
  • C++ for finance (10+)
Optional Modules
  • International Banking and Finance (20)
  • Macroeconomics (20+)
  • Multicriteria Decision Making (10)
  • Nonlinear Programming I (10)
  • Topics in Money and Banking (10)
  • Integer Programming (10)
Graduate modules offered elsewhere in the University may also be taken with the Programme Director's approval.
Term 2 (January - March)
Compulsory Modules
  • Econometrics with Financial Applications (+15)
  • Exotic options, bonds and further quantitative finance (+10)
  • Computational Methods and Frontiers (+10)
  • C++ for finance (+10)
Optional Modules
  • Economics of Financial Markets (20)
  • Macroeconomics (+10)
  • Non-Linear Programming II (10)
  • Combinatorial Optimisation (10)
  • Advanced quantitative finance: crashes, volatility, multiple assets and hedging (10)
  • Conic optimization (10)
  • Heuristic Optimisation (10)
  • Research Frontiers in Management Mathematics (10)
  • Security Analysis and Portfolio Theory (10)
Graduate modules offered elsewhere in the University may also be taken with the Programme Director's approval.
Term 3 (May - June)
Examination Period
July - September
Dissertation (40)
Students are encouraged to pursue internships while writing their dissertations.

Explore postgraduate study at Birmingham at one of our on-campus open days (Friday 13 November 2015 and Friday 4 March 2016). Register to attend at: www.birmingham.ac.uk/pgopendays

If you can’t make it to one of our on-campus open days, our virtual open days run regularly throughout the year. For more information, please visit: www.pg.bham.ac.uk

Information for international students

International students can find details of scholarships at www.international.bham.ac.uk/scholarships.htm

Fees and funding

UK students
£16,920 FT - £8,460 PT
International students
£16,920 FT

Please visit:

www.birmingham.ac.uk/pgfunding

Qualification and course duration

MSc

part time
24 months
full time
12 months

Course contact details

Name
Postgraduate enquiry service
Email
postgraduate@contacts.bham.ac.uk
Phone
0121 414 5005