StudyQA — Master: Financial Mathematics and Finance

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Description Contents Requirements

There are many different kinds of investors in financial markets today not only major companies, banks and financial institutions, but also private individuals investing in different kinds of securities, either directly or through funds. Recently, trading in financial derivatives and securities such as options, which are linked to other securities, has increased. This has led to an increased demand in the ability to correctly analyse the myriad complex connections and interactions in the market. Several of the methods and models used today are highly mathematically advanced, thereby creating a strong need for competent mathematicians with knowledge about financial markets.

The Masters Programme in Financial Mathematics and Finance is a two-year programme aimed towards students holding a Bachelors Degree in Mathematics or Mathematical Statistics and who wish to specialise in Financial Mathematics. The programme is also an excellent preparation for doctoral studies in Mathematical Statistics.

Coursework contains compulsory courses in financial mathematics and finance (30 credits), as well as an electable minimum of 22.5 credits in Mathematical Statistics and 15 credits in Business/Economy. Remaining 22.5 credits are chosen by the student. The programme concludes with a masters thesis (30 credits).

Courses assigned with Ms belong to the main field Mathematical Statistics.

Compulsory courses

* Advanced financial Mathematics, SC, 7,5 ETC (Ms)
* Mathematical economics, SC, 7,5 ETC
* Advanced financial theory, SC, 7,5 ETC
* Financial institutions management, SC, 7,5 ETC
* Masters thesis i financial mathematics, SC, 30 ETC (Ms)

Elective courses

The collection of elective courses is decided by the department board. The list of all elective courses are brought up to date every new academic year. Before every new start of a programme there will be a list showing a minimal amount of elective courses that will be guaranteed during the time of the programme.

Example of current elective courses:

Courses in Financial mathematics

* Martingales and stochastic integrals, SC, 7,5 ETC (Ms)
* Financial derivatives, SC, 7,5 ETC (Ms)
* Portfolio theory, SC, 7,5 ETC (Ms)
* Risk management, SC, 7,5 ETC (Ms)

Courses in Mathematical statistics

* Probability theory III, SC, 7,5 ETC (Ms)
* Statistical models, SC, 7,5 ETC (Ms)
* Stochastic processes III, SC, 7,5 ETC (Ms)

Courses in economic and bussiness

* Advanced financial empirical research, SC, 7,5 ETC (at FEK and NEK)
* Fixed income securities, SC, 7,5 ETC (at FEK)
* Intermediate macroeconomics, SC, 7,5 ETC (at NEK)
* Intermediate microeconomics, SC, 7,5 ETC (at NEK)
* Money and finance, SC, 7,5 ETC (at NEK)

Courses in Mathematics

* Combinatorics II, SC, 7,5 ETC
* Ordinary differential equations, SC, 7,5 ETC
* Dynamic Systems and Optimal Control Theory, SC, 7,5 ETC
* Foundations of analysis, SC, 7,5 ETC
* Analytic functions I, SC, 7,5 ETC
* Algebra III, SC, 7,5 ETC
* Linear analysis, SC, 7,5 ETC
* Optimization, SC, 7,5 ETC
* Logic, SC, 7,5 ETC
* Development of Mathematics, SC, 15 ETC

The minimum amount of credits that has to be studied in elective courses is 15 ECTS in Financial mathematics, 15 ECTS in Mathematical Statistics (Financial mathematics included) and 15 ECTS in Economics or Bussiness.

Optional courses

There is a possibility to take up to 22,5 ECTS in optional courses within the programme.

General requirements for Master's programmes:- An academic degree (i.e. a Bachelors degree or the equivalent, at least 180 ECTS.) Stockholm University does accept applicants in their last year of Bachelor's studies. See note below: Previous university records- Proficiency in English, which must be demonstrated in one of the following ways: * IELTS score (Academic) of 6.5 or more (with no section scoring below 5.5) * TOEFL score 20 in written test, total score of 90 (internet based) * TOEFL score 4,5 in written test, total score of 575 (paperbased) * Cambridge/Oxford - Advanced or Proficiency levelTOEFL test scores must be sent directly from Educational Testing Service (ETS), to University Admissions in Sweden (institution code: SWEDEN 3477). English language test exemptions Some students may be exempt from submitting formal test evidence. These are: * Students who have a Bachelor's degree from a university where English is the only language of instruction, according to the latest edition of International Handbook of Universities. * Students who have a Bachelor's degree (a Swedish Kandidatexamen or equivalent academic qualifications) with English as the major subject. * Students with a 4-year university degree in Engineering, Science or Technology from India and Pakistan. * Students who have 30 HE credits from a Nordic country and the language of instruction of the course/programme/university is English. English Language Requirements IELTS band: 6.5 TOEFL paper-based test score : 575 TOEFL iBT® test: 90