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Mathematics and Finance – (M.Sc.)
Imperial College London
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| Annual Tuition Fee: | ≈ € 27,600 - | ||
| Location: | London / United Kingdom | ||
| Duration: | 12 months | Start Date: | October |
| Educational Form: |
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| Education Variants: |
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| Languages: | English | ||
Location of Imperial College London
The Department of Mathematics at Imperial College is one of the strongest and most active mathematics departments in the UK. Academic staff include a Fields medallist, a De Morgan medallist, a Guy medallist, six recipients of London Mathematical Society prizes, one Fellow of the British Academy and two fellows of the Royal Society. The Department is large, with 64 permanent staff, and has a broad range of interests.
In this course include:
* Analysis of complex financial instruments such as convertible bonds and collateralised debt obligations
* Computational finance
* Default risk models for correlated default events and pricing of securities with credit-risk
* Finite-dimensional models for the term structure of interest rates
* Models of stochastic volatility
* Stochastic methods of finance, general theory of processes, stochastic differential equations, Malliavin calculus
* Valuation and risk management in incomplete markets
The MSc course in Mathematics and Finance may be taken full or part-time. It introduces students to the more mathematical areas of pricing theory and risk management. Mathematical finance is a subject that is both mathematically challenging and deployed every day by sophisticated practitioners in the financial markets. Our objective is to provide you with everything you need to get into this area at a level where you can understand - and contribute to - industry practice and the latest research.
Contents
The courses we offer are oriented in different ways. Some, given by Imperial College Business School, give a finance and economics background; others provide training in fundamental mathematics (stochastic analysis, partial differential equations, etc.). Scientific computing is an important part of the programme.
A supervised thesis project takes place at the end of the programme during the summer. Unlike many other institutions which offer a similar qualification, we are generally able to ensure that all our students are given industry-based placements, in banks, consultancies, insurance or software companies.
Introductory courses
* Computing in C
* Mathematical analysis
* Statistical methods
Core courses
* Stochastic processes
* Numerical methods for finance
* Theory of finance
* Mathematical option pricing
* Computing in C++
Elective courses
* Numerical stochastics
* Stochastic differential equations and interest rate models
* Spectral theory for mathematical finance
* Credit risk
* International finance
* Risk management
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testGRE® revised General Test
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Register Now!Requirements
ENGLISH LANGUAGE REQUIREMENTS:
To obtain maximum benefit from studies at Imperial College all students must have a good command of the English Language. College therefore requires applicants to have taken an English Language test and achieved an acceptable grade or score before admission can be confirmed. The College Senate has approved the tests set out below. Please note that the scores or grades indicated are the minimum levels generally acceptable to the College. Departments have the discretion to prescribe higher requirements either for specific courses of study or in specific cases where there are serious doubts as to the abilities of individual students to undertake proposed programmes of study.
Students must make arrangements to take the appropriate test well in advance of the start of their course. Places will not be confirmed and students will not be allowed to register until confirmation of an acceptable result has been received as set out below.
* A first degree taught in English within the following countries: Australia, Canada, Ireland, Guyana, New Zealand, South Africa, United Kingdom, United States of America, West Indies.
* Candidates whose first degree was not taught in English but who have then successfully completed a one-year MSc (or equivalent) course at a UK university.
* A grade of not less than C in English Language in GCSE, IGCSE, GCE `O´ Level or equivalent.
* A grade of not less than C in the Cambridge Certificate of Proficiency in English (CPE).
* A pass in the University Test of English for Speakers of Other Languages (UETESOL).
* British Council IELTS Test
A score of not less than 6.5 including a score of 5.0 or better in the written and spoken English elements of the academic test.
* TOEFL
A score of not less than 90 overall in the internet-based test (iBT), to include 24 in Writing and 20 in Speaking; or 600 in the paper-based test (PBT), or 250 in the computer-based test (CBT), both to include a minimum score of 4.5 in the written English.
Please note: Imperial College's Institution Code for TOEFL is 0891.
Additional Requirements
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
Language Proficiency
| IELTS Band: | 6.5 |
| TOEFL Paper-based: | 600 |
| TOEFL Computer-based: | 250 |
| TOEFL Internet-based: | 90 |
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