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Quantative Finance: Risk Management – (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 course offers a good balance between mathematics and finance, covering a range of skill sets in quantitative finance, financial econometrics, mathematics and statistic, and several specialist topics in risk management. It is particularly suitable for students with a degree that is strong in quantitative training (see entry requirements), as well as relevant practical experience (non-compulsory) via employment. It is suited to those wishing to gain salary enhancements, or students wishing to pursue further and advanced studies in quantitative finance and risk management.

The course provides an advanced knowledge and understanding of the main theoretical and applied concepts in quantitative finance and risk management, 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 risk management and risk regulation in financial markets and financial institutions.


Contents

Module details The course consists of both compulsory and optional taught units. Compulsory course units include: Foundations of Finance Theory; Stochastic Calculus; Martingales with Applications to Finance; Portfolio Investment; Financial Econometrics; Credit Risk Management; and Generalised Linear Models and Survival Analysis. Optional course units include: Decision Analysis and Performance Measurement; Simulation and Risk Analysis; and Interest Rate Derivatives

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 include:

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

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Requirements

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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