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Mathematical Finance – (M.Sc.)

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Disciplines:
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Application Deadline: Applications can be made at any time
Annual Tuition Fee: ≈ € 5,852 - ≈ € 14,629 (non-EEA)
Location: Loughborough / United Kingdom / View location on map ▾ Hide location on map ▴
Duration: 12 months Start Date: October
Educational Form:
  • Taught
Education Variants:
  • Fulltime
Languages: English 
-1.223474,52.768524

Location of Loughborough University

The programme provides graduates with strong mathematical skills, necessary computational techniques and finance background that are relevant to subsequent employment in a sector of finance such as investment banks, hedge funds, insurance companies and the finance departments of large corporations, where mathematics has played a key role in these industries.

The depth of the mathematics taught should enable graduates to pursue research careers in stochastic analysis, financial mathematics or other relevant areas. The period October to June is devoted to lectures, tutorials and practical sessions comprising the core and optional modules. This is followed by a period of about 14 weeks devoted to an individual project.

These programmes may lead to a wide range of employment within industry, the financial sectors, and research establishments. They also provide an ideal background for postgraduate research in Mathematical Finance.


Contents

Compulsory Modules
Semester 1 * Theory of Integration and Martingales
* Stochastic Models in Finance

Optional Modules (choose 2) * Programming and Numerical Methods
* Regular and Chaotic Dynamics
* Financial Economics

Semester 2 * Stochastic Calculus and Theory of Stochastic Pricing
* Research Project

Optional Modules (choose 3) * Functional Analysis
* Elements of PDEs
* Static and Dynamic Optimisation
* Either Asset Management and Derivatives or Corporate Finance

Assessment
Combination of written examinations, reports, individual and group projects, and verbal presentations.

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Requirements

Upper second class honours degree in a subject with a high mathematical content.

Acceptable English language qualification

* GCSE English Language - Grade C or above
* IELTS band 6.5 with not less than 6.0 in Listening, Reading, Writing and Speaking
* TOEFL (including the Tests in Written and Spoken Practice) minimum score of 100 (Internet-based test) with specific requirements for sub tests

Additional Requirements

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

Language Proficiency

IELTS Band: 6.5
Cambridge English: Advanced (CAE): Grade B (Score: 75)
TOEFL Paper-based: 600
TOEFL Internet-based: 100

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