Financial Mathematics London School of Economics and Political Science

Overview

The Financial Mathematics programme at the London School of Economics and Political Science provides students with a rigorous foundation in the mathematical theories that underpin modern financial markets. This multidisciplinary degree combines expertise from the Departments of Mathematics, Finance, and Statistics to deliver a comprehensive technical education. You will master quantitative methodologies and computational tools that are vital for success in investment banking and diverse financial sectors.

Throughout the curriculum, you will engage with complex topics such as credit risk theory, stochastic processes, and derivatives modelling. The programme is designed to foster industry-focused skills, including logical reasoning and technical presentation.

Why Financial Mathematics at the London School of Economics and Political Science?

The Department of Mathematics is a premier centre for studying mathematics within the social sciences, with research ranked as world-leading or internationally excellent. Students benefit from a vibrant intellectual community and research-led teaching that draws on close ties with the Data Science Institute and the Department of Finance. The university has been recognised as University of the Year and holds a prestigious position as a global leader in social sciences and management.

Tuition Fee Breakdown

• International fee: GBP 38000 per year
• National fee: GBP 38000 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum begins with a mandatory pre-sessional course covering essential mathematical theory and probability. Modules may include:

• Mathematics of the Black and Scholes Theory
• Foundations of Interest Rate and Credit Risk Theory
• Stochastic Processes
• Fixed Income Markets
• Computational Methods in Finance
• Quantitative Methods for Finance and Risk Analysis
• Machine Learning in Financial Mathematics
• Derivatives Modelling
• Portfolio Management

Careers with Financial Mathematics

Graduates from this programme are highly sought after for roles in financial services, technology, accounting, and data management. Many alumni secure positions at prestigious global organisations, including Goldman Sachs, Barclays, J.P. Morgan, and the European Central Bank. The quantitative expertise gained also opens doors to careers in consultancy firms like McKinsey & Company, Deloitte, and KPMG, as well as specialist investment management groups.