Taught course

Financial Mathematics

University of Liverpool · Department of Mathematical Sciences

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Entry requirements

This is a challenging programme so you’ll need a good first degree (2:1 Hons or equivalent) in Mathematics, Mathematical Sciences, Financial Mathematics, Computer Science, Engineering or a subject with substantial mathematical content.

Months of entry


Course content

This MSc Financial Mathematics programme will equip you with the mathematical and computational skills required in the finance and insurance industries.

- Probability theory, stochastic analysis and mathematical modelling

- Computational methods

- Financial derivatives

- Risk management

- Econometrics

This program is ideal for professionals with mathematical background who would like to start, or further develop a career in the finance and insurance industries. It is also an excellent training ground for students wishing to embark upon a research degree (PhD) in financial or actuarial mathematics.

The 12-month programme consists of seven taught compulsory modules plus one taught elective module, followed by a research project carried out over the summer period upon completion of Semester Two. The later project offers the opportunity to undertake an in-depth study of a topic of your choice and supervised by an expert in the field. The program is taught by members of the Institute for Financial and Actuarial Mathematics which is part of the Department of Mathematical Sciences jointly with members of the Management School.


We listen to employers’ needs. Alongside key problem-solving skills, employers require strong communication skills. These are integral to this programme.

Teaching quality

We are proud of our record on teaching quality, with five members of the Department having received the prestigious Sir Alastair Pilkington Award for Teaching. We care about each student and you will find the staff friendly and approachable.


We take students from a wide variety of educational backgrounds and we work hard to give everyone the opportunity to improve.

Supportive atmosphere

We provide high quality supervision, teaching and IT support. You will benefit from the friendly and supportive atmosphere in the Department, as evidenced by student feedback available on our university website. A common room and kitchen for the exclusive use of the Department’s students, and a lively maths society help to foster a friendly and supportive environment.

Fees and funding

UK students
See https://www.liverpool.ac.uk/study/postgraduate-taught/taught/financial-mathematics-msc-pgdip-pgcert/fees/
International students
See https://www.liverpool.ac.uk/study/postgraduate-taught/taught/financial-mathematics-msc-pgdip-pgcert/fees/

Qualification, course duration and attendance options

  • MSc
    full time
    12 months
    • Campus-based learningis available for this qualification

Course contact details

PG Recruitment