Financial Mathematics

The financial services industry place great emphasis on raising the level of mathematics used in banks in applications to pricing, hedging and risk management. This MSc provides students with the skills necessary in mathematics, statistics and computation for a career in this fast-developing field.

Students will develop a detailed understanding of the application of mathematics, statistics and computation to problems in finance, and will gain the necessary practical tools for the pricing, hedging and risk management of a diverse range of financial products in several asset classes.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits) four optional modules (60 credits) and a research dissertation (60 credits).

A Postgraduate Diploma will be offered to the students that have completed 8 taught modules (120 UCL credits).

A Postgraduate Certificate will be offered to the students that have completed 4 taught modules (60 UCL credits).

Core modules

• Asset Pricing in Continuous Time
• Forecasting
• Interest Rates and Credit Modelling
• Quantitative and Computational Finance

Optional modules

Four modules must be chosen from the following list.

• Applied Computational Finance
• Equities, Foreign Exchange and Commodities Modelling
• Market Risk, Measures and Portfolio Theory
• Mathematics and Statistics of Algorithmic Trading
• Numerical Analysis for Finance
• Probability
• Statistical Inference
• Stochastic Processes
• Quantitative Modelling of Operational Risk and Insurance Analytics

Dissertation/report

All MSc students undertake an independent research project, which culminates in a research report of approximately 10,000 words.

Teaching and learning

The programme is delivered through a combination of lectures, practical classes, tutorials and problem-solving exercises. Assessment is through written papers, coursework, examinations and the research report and presentation.

A minimum of an upper second-class Bachelor's degree in a relevant discipline from a UK university or an overseas qualification of an equivalent standard.

Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Scholarships relevant to this department are displayed below.

Edwin Power Scholarship

Value:

£400 (1 year)

Eligibility:

UK, EU, Overseas students

Criteria:

Based on academic merit