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Quantitive Finance: Financial Engineering – (M.Sc.)

The University of Manchester

Manchester Business School
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Disciplines:
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Annual Tuition Fee: ≈ € 22,265 -
Location: Manchester / United Kingdom / View location on map ▾ Hide location on map ▴
Duration: 12 months Start Date: September
Educational Form:
  • Taught
Education Variants:
  • Fulltime
Languages: English 
-2.234344,53.519084

Location of The University of Manchester

Manchester Business School and the School of Mathematics have combined their academic strength and practical expertise to deliver the MSc Quantitative Finance course which has two distinct pathways:

* Financial Engineering
* Risk Management

Ensuring that the mathematics element is accessible, the programme offers a good balance between mathematics and finance. They are particularly suitable for students with a degree in Finance, Financial Economics, Actuarial Science, Engineering, and Mathematics (see entry requirements), as well as relevant work experience (non-compulsory). It is also suited to those wishing to gain salary enhancements, or students wishing to pursue advanced studies in quantitative finance.

The course provides an advanced knowledge and understanding of the main theoretical and applied concepts in quantitative finance and financial engineering, delivered from a genuinely international and multicultural perspective, and with a `current issues' approach to teaching. The course is particularly useful for careers that involve designing new financial instruments and managing trading in them.


Contents

Module details The course consists of both compulsory and optional taught units. Compulsory course units include: Foundations of Finance Theory; Stochastic Calculus; Scientific Computing; Derivative Securities; Financial Econometrics; Interest Rate Derivatives; and Computational Finance. Optional course units include: Mathematical Modelling of Finance; Real Options in Corporate Finance; and Credit Risk Management.

For the dissertation, you will carry out an original piece of research on a subject relating to the programme. Our MSc dissertation topics are aligned with the research interests of leading financial institutions from the City of London and internationally. A number of the dissertation topics are proposed by these organisations and supervised by our academic staff. Students who want to work on the industry linked topics for their dissertations are subject to certain strict selection criteria (for example, strong CV and first semester exam performance). Other dissertation topics are proposed by academic staff focusing on cutting edge research issues in these industries.

Some of the organisations who have offered dissertation topics included:

* Alliance and Leicester
* Standard Bank
* Morgan Stanley
* ABN AMRO
* Shell
* Numerical Algorithms Group (N.A.G.)
* MSCI Barra

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Requirements

Academic entry qualification overview: We normally look for a UK bachelor degree with upper second class honours, or the overseas equivalent, with excellent results in finance and quantitative subjects (accounting is not considered to be finance). When assessing your academic record, we take into account your grade average, position in class, references and the standing of the institution where you studied your qualification. We particularly welcome applications from excellent candidates studying at institutions of high ranking and repute.

You need to have studied or be studying a degree in finance, economics, engineering, actuarial science, physics or another related degree, and have taken or be taking a significant number of modules in quantitative subjects, such as differential equations, econometrics or mathematical statistics in the final year of your degree. You will need excellent results in these subjects.

English language:

Students whose first language is not English will be required to take an English language test.

Additional Requirements

Minimal degree required: Bachelor's degree
Minimal amount of work experience Not specified

Language Proficiency

Cambridge English: Advanced (CAE): Grade C (Score: 60)

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