M.Sc. Financial Mathematics

Warwick Business School | University of Warwick | Coventry, United Kingdom
Join us to gain a deep theoretical and conceptual knowledge of finance, economics, and quantitative skills. Prepare for a career using sophisticated technical financial tools within financial engineering, risk management, and the most highly quantitative roles.

Description of Financial Mathematics

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A challenging high-level mix of disciplines taught by some of the Universitys top departments.

Prepare for a quantitative career

Join us to gain a deep theoretical and conceptual knowledge of finance, economics, and quantitative skills. Prepare for a career using sophisticated technical financial tools within financial engineering, risk management, and the most highly quantitative roles.

WBS benefits from excellent links to key financial institutions and employers and this course has benefited from recommendations following consultation with the Bank of England, Goldman Sachs, Merrill Lynch, and many of our alumni.

Careers

Events

Visits by guest speakers from all areas of financial services complement the academic programme throughout the year. Past speakers have covered topics including IFRS & Standard Setting, Systematic/Quant Trading Strategies, Quantitative Strategies for Hedge Funds, High Frequency Trading in the Foreign Exchange Markets, and Success in the City.

WBS CareersPlus service

We offer you a comprehensive pre-arrival, student, and alumni careers service. You will have access to one-to-one career guidance appointments, CV checks and tailored mock interviews.

Workshops & guidance

You will attend a half-day course-specific Career Essentials workshop covering CVs and application forms, looking for jobs, networking, interviews and assessment centres.

Additional workshops, covering subjects including presentation skills, CVs and cover letters and assessment centres, are also provided throughout the year.

University careers service

You can access the careers services provided by the University's Student Careers and Skills team. The university's graduate job site, MyAdvantage lists thousands of graduate job placements and internship opportunities throughout the year, as well as a range of other useful online resources.

Detailed Course Facts

Application deadline as early as possible
Tuition fee

£32,000 for all students

Not specified
Start date September  2015
Duration full-time 12 months
Languages
  • English
Take an IELTS test
Delivery mode On Campus
Educational variant Full-time
Intensity Flexible

Course Content

Five core modules cover key material in finance, statistics and maths. Three elective modules allow you to focus on your preferences.

Modules are taught by staff from WBS, Warwick's Department of Statistics, and the Mathematics Institute through a combination of lectures, classes, and computer lab sessions. A one-week induction module, run by the Mathematics Institute, will ensure you have the mathematical prerequisites for the course.

Assessment is a mix of exams and coursework with your dissertation bringing all your learning together at the end.

Lectures & classes

Lectures introduce key theories, concepts, and economic models. In classes you will solve financial problems and numerical exercises, analyse case studies, and make presentations of research published in academic journals.

Lab work

Lab work will give you hands-on experience of using software to perform finance-related calculations and conduct realistic simulations. Econometric methods are also taught in the lab, so you will learn to apply econometric software to empirical research and financial market estimations.

Your dissertation

A 10,000 word dissertation gives you the opportunity to test and apply techniques and theories you have been learning and to complete an original piece of research. You will be supervised and supported by one of our academic staff.
You may be offered the opportunity to to undertake a project for an external organisation. Recent project work has included working for companies including Barclays Global Investors, BP, HSBC, Lloyds TSB, and Nomura.

English Language Requirements

IELTS take IELTS test
7
CAE score
180(Grade C)
TOEFL iBT® test (read more)
100

IMPORTANT NOTE: Per 6 April 2015 only the English language tests from IELTS and Trinity College London are accepted for Tier 4 Visa applications to the United Kingdom. Other tests (including TOEFL, TOEIC, Pearson, City & Guilds) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. Since the Trinity College London language tests must be taken in one of their exam centres in the UK, IELTS is now the only language test accepted for Tier 4 visas to the UK that can be taken worldwide.

The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Requirements for Financial Mathematics

Academic qualifications

You must have, or be expecting to obtain, an excellent undergraduate degree from a UK university, or the equivalent from an overseas university. You must have a strong mathematical and statistics background so a degree in mathematics, physics, or statistics will be most suitable. Engineering may be acceptable if you have completed a statistics module in your second year or above.

Mathematical ability will be tested at the start of the course, but to find out for yourself whether you have gaps in your knowledge try our sample test. This is for self-evaluation, and not part of the application.

GMAT & GRE

We do not require a GMAT or GRE score but a well-balanced score (700+) may strengthen your application.

English not your first language

If English is not your first language, you must meet a minimum overall standard in a recognised test of English, examples are shown below. You must show a good balance across all sections of the test and it must have been taken within two years of starting the course. We will require your certificates as evidence.

Educated in the English language?

If you are a non-native speaker of English but have been educated entirely in English for your degree, and completed this within the last two years, this may satisfy the University of your language skills.

Required grades

Minimum Overall Score

  • IELTS: 7.0 with maximum of two components at 6.0+
  • TOEFL iBT: 100 with minimum component scores of L21, R22, W21, S23
  • PTE Academic: 70 with 51+ in every section
  • CPE: Grade C (CEFR level C2) or above
  • CAE: Grade C scoring 60+, no worse than 3 component results at borderline and 1 at weak

Pre-sessional English

We do not offer a pre-sessional English class as an alternative to achieving these scores. Any pre-sessional course should be viewed as a way of settling into living and studying in the UK and not as a way of boosting your score.

Work Experience for Financial Mathematics

No work experience is required.

More Information

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS we offer you the chance to receive up to £10,000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

University of Warwick, United Kingdom

United Kingdom The University of Warwick is a British campus university located on the outskirts of Coventry, West Midlands, England. It was established in 1965 as part of a government initiative to expand access to higher education, and in 2000 Warwick Medical School was opened as part of an initiative to train more doctors in Britain.