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| Annual Tuition Fee: | ≈ € 10,281 - ≈ € 17,707 (non-EEA) | ||
| Location: | Exeter / United Kingdom / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 9 months | Start Date: | October |
| Educational Form: |
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| Languages: | English | ||
Location
Streatham Campus, Exeter
Quantitative financial methods are one of the fastest growing areas of the present day banking and corporate environments. The solution by Black, Scholes and Merton of the option pricing problem set off a revolution in finance resulting in the introduction of sophisticated mathematical techniques in the financial markets and corporate planning.
To understand, apply and develop these sophisticated methods requires a good understanding of both advanced mathematics and advanced financial theory. By combining the financial expertise in the University of Exeter Business School with expertise in the Mathematical Research Institute of the Mathematics Department at the University, this intensive MSc programme, available over 9 or 12 months, will prepare you for careers in areas such as international banking or international business. For those with a strong mathematical background, and a wish to pursue a finance career, this programme is the ideal introduction to this exciting field.
Total credits required: 180
Compulsory modules
* Methods for Stochastics and Finance (15)
* Analysis and Computation for Finance (15)
* Mathematical Theory of Option Pricing (15)
* Fundamentals of Financial Management (30)
* Research Methods for Finance and Accounting (15)
* Advanced Econometrics (15)
Option modules
* Research Methodology (15)
* Financial Mathematics Project (45)
Or
* Research Methods for Finance and Accounting (15)
* Investment Analysis 1 (15)
* Investment Analysis Project (15)
Plus
Remaining credits taken from:
* Corporate Finance (15)
* Derivatives Pricing (15)
* Principles of Finance (15)
* Advanced Financial Theory (15)
* Advanced Topics in Statistics (15)
* Dynamical Systems and Chaos (15)
* Pattern Recognition (15)
For programme requirements and details of the individual modules, please see the MSc Financial Mathematics programme pages on the College of Engineering, Mathematics and Physical Sciences webpages.
Please note that availability of all modules is subject to timetabling constraints and that not all modules are available every year.
Assessment
By a combination of coursework and written examination, plus a 45-credit project (if you choose a stream of modules in Mathematics) or a 15-credit project (on the Business School stream). The Financial Mathematics project length is about 10,000 words.
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testGRE Scores are accepted at business schools worldwide. Learn more and register.
Register Now!To be considered for a place on the MSc in Financial Mathematics students should have obtained (or be expected to obtain) at least a second class honours. Other marks will be considered in the context of equivalence to the British standard of second class honours degree.
Cases will be examined on an individual basis to ensure that three key areas have been covered by the student's previous degree:
* Computer skills including programming
* Mathematical skills including statistics
* Analytical skills
Language Requirements
* IELTS 6.5 with 6.0 in writing section
* or TOEFL Computer-Based Test 230 with an Essay Rating of at least 4
* or TOEFL iBT 90 with a writing score of at least 17
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
| Cambridge English: Advanced (CAE): | Grade A (Score: 80) |
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