Financial Systems Engineering

This MSc provides an ideal foundation for graduates who wish to pursue a career as software engineers. The programme provides the opportunity to undertake a significant group software engineering project sponsored by a financial services company, allowing students to specialise in software systems engineering from a financial computing perspective.

Students gain instruction in all aspects of software engineering needed for the development of large, complex, highly dynamic, distributed software-intensive systems. The programme covers requirements engineering, software design, validation and verification, tools for the development of software intensive systems, and provides instruction in financial information systems.

Students undertake modules to the value of 180 credits.

The programme consists of seven core modules (105 credits), one optional module (15 credits) and a group project (60 credits).

Core modules

• Requirements Engineering and Software Architecture
• Software Abstractions and Systems Integration
• Validation and Verification
• Tools and Environments
• Financial Institutions and Markets
• Professional Practice
• Financial Information Systems

Optional modules

• Compliance, Risk and Regulation
• People and Security
• Networked Systems
• Distributed Systems and Security

Dissertation/report

All students participate in a group project, encompassing the full software development lifecycle and applying techniques learned, such as the technical skills of analysis, design and implementation.

Teaching and learning

The programme is delivered through a combination of lectures, written and laboratory exercises, and project work. Student performance is assessed through written exercises with modelling notations, laboratory exercises with tools and environments, unseen examination papers, and a significant, comprehensive group project.

A minimum of an upper second-class UK Bachelor's degree in Computer Science or in a science or engineering subject with significant computer science content, or an overseas qualification of an equivalent standard. Relevant work experience may also be taken into account.

The MSc in Financial Systems Engineering at University College London offers a comprehensive curriculum designed to equip students with essential knowledge and practical skills in the field of financial technology, systems, and engineering. The program typically includes a mix of core courses, electives, and a substantial research or project component, emphasizing topics such as computational finance, financial markets, risk management, and data analysis. The program emphasizes the integration of finance theory, quantitative methods, and technological applications, preparing graduates for careers in financial institutions, fintech companies, and related sectors.

Funding opportunities for students pursuing this master's degree primarily include scholarships, bursaries, and financial aid offered by UCL. These can be merit-based, need-based, or targeted towards specific groups, such as international students. External funding sources, such as government grants or financial support from industry partners, may also be available, though specific details vary year by year. International students are advised to explore scholarship options such as the UCL Global Scholarships or external funding bodies that support postgraduate studies in the UK. Additionally, students might consider part-time work opportunities during their studies, which can help supplement their income.

The tuition fees for the MSc in Financial Systems Engineering are set annually and differ for home/EU students and international students. For the latest figures, students should consult the official UCL website or the specific programme page as fees and funding options can change. It is also possible to consider student loans, subject to eligibility, which can be arranged through government or private lenders. UCL provides guidance on financing postgraduate studies, including information on budgeting and financial planning, which is highly recommended for prospective applicants.

Overall, students are encouraged to apply early for scholarships and to explore all available funding opportunities to support their academic journey in Financial Systems Engineering at UCL. The university's support services also offer financial advice and assistance to ensure students can manage their finances effectively throughout their studies.

The MSc Financial Systems Engineering at University College London is a specialized postgraduate program designed to provide students with a comprehensive understanding of the core concepts and practical skills necessary to analyze, design, and manage complex financial systems. The curriculum combines principles from finance, engineering, and computer science to equip students with a multidisciplinary approach to solving problems in the financial industry. The program covers a wide range of topics including financial modeling, quantitative analysis, risk management, computational methods, and financial technology (FinTech). It aims to prepare graduates for careers in various sectors such as banking, asset management, financial consulting, and technology firms focused on financial innovations.

Students benefit from a rigorous academic structure delivered by leading experts and practitioners in the field. The coursework emphasizes both theoretical foundations and practical application through hands-on projects, case studies, and collaborative work. The program also incorporates recent developments in blockchain, cryptocurrencies, and algorithmic trading, reflecting the latest trends in financial technology. Additionally, students have access to state-of-the-art laboratories and software tools commonly used in the financial industry, ensuring they gain relevant industry experience.

The MSc Financial Systems Engineering typically has a duration of one year full-time, with options for part-time study. Entry requirements include a strong quantitative background, often requiring a bachelor’s degree in engineering, mathematics, computer science, economics, or related fields. Applicants are expected to demonstrate proficiency in mathematics and programming, with a preference for candidates with prior experience in finance or financial computing. The admissions process is competitive, with successful applicants gaining access to UCL’s extensive alumni network and career services.

Career prospects for graduates of this program are excellent, with many going on to roles such as quantitative analyst, financial engineer, risk analyst, software developer in financial firms, or data scientist. UCL’s location in London, one of the world's leading financial centers, provides students with numerous networking and internship opportunities, as well as close links to major financial institutions and innovative startups. The program also supports ongoing research and development in financial systems, encouraging students to contribute to advancements in the field. Overall, the MSc Financial Systems Engineering at UCL aims to develop highly skilled professionals capable of designing and managing the technological and financial infrastructure of the future.