Taught course

Statistics with Financial Mathematics

Institution
University of Sheffield · School of Mathematics and Statistics
Qualifications
MSc

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Entry requirements

We usually ask for a 2:1 honours degree in mathematics, or equivalent, which must include a significant proportion of modern theorem and proof-based mathematics.

A strong performance in a module based on rigorous mathematical analysis is essential.

Your degree must also include a substantial component in statistics and probability theory.

Not quite ready for a masters course yet?

We also offer a Graduate Certificate in Statistics. This nine-month, part-time course is designed for students who need extra training to qualify for one of our masters degrees. It’s taught by distance learning, so you only need to be in Sheffield for your exams in June

Months of entry

September

Course content

The course trains you to apply the probabilistic, statistical and mathematical techniques that are used in the finance industry.

It is based on our Statistics MSc course, but also includes key financial topics such as the Capital Asset Pricing Model, the Black-Scholes option pricing formula and stochastic processes. You’ll also develop a detailed working knowledge of more general statistical techniques and concepts, including linear and generalised linear modelling, Bayesian statistics, time series and machine learning. You’ll learn how to analyse and draw meaningful conclusions from data, and develop your programming skills using the statistical computing software R.

Around one-third of the course is devoted to your dissertation. This may focus on investigating a data set, or a more theoretical or methodological topic. The aim is to give you skills to include on your CV, such as planning and researching a project, data acquisition, problem specification, analysis and reporting your findings. Dissertation topics are often provided by external clients – for example, pharmaceutical companies or sports modelling organisations. Distance learning students often come with projects designed by their employer.

Please see our University website for the most up-to-date course information: https://www.sheffield.ac.uk/postgraduate/taught/courses

Information for international students

English language requirements

Overall IELTS score of 6.5 with a minimum of 6.0 in each component, or equivalent.

For more information about entry requirements for international students, please visit https://www.sheffield.ac.uk/international/applying/postgraduate-taught

Fees and funding

The University of Sheffield has scholarships available to support masters students. Students on our MSc Statistics with Financial Mathematics course often have the costs of their degree covered by their employer.

Qualification, course duration and attendance options

  • MSc
    full time
    12 months
    • Campus-based learningis available for this qualification
    part time
    24-36 months
    • Distance learningis available for this qualification

Course contact details

Name
Postgraduate Admissions Tutor
Email
postgrad-maths@sheffield.ac.uk
Phone
+44 (0)114 222 3789