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Financial Mathematics, M.Sc.

  • Anytime
    Application Deadline
  • 10 months
    Duration
University rank #44 (QS) ,
The Financial Mathematics programme from London School of Economics and Political Science draws on LSE's strengths in finance and related areas to provide high-level instruction in the mathematical theory underlying finance, and training in appropriate computational methods.

About

The MSc Financial Mathematics is based in the Department of Mathematics, and is taught in collaboration with the Department of Finance and the Department of Statistics.

The Financial Mathematics programme from London School of Economics and Political Science aims to develop your understanding of quantitative methodologies and techniques that are important for a range of jobs in investment banks and other financial institutions; to enhance your critical appreciation of major issues and emerging theory in the area of financial mathematics; and to improve your personal skills, including logical reasoning, quantitative analysis and the presentation of technical results.

In addition to compulsory courses in The Mathematics of the Black and Scholes Theory, The Foundations of Interests Rate and Credit Risk Theory, Stochastic Processes, Fixed Income Markets, and Computational Methods in Finance, you will choose optional courses to the value of one and a half units. Choices include stochastic analysis, preferences, optimal portfolio choice, equilibrium, derivatives modelling, Markov processes, financial risk analysis, international finance, and forecasting of financial time series.

Careers

This programme is ideal preparation for a range of careers in the financial sector, industry and research.

Programme Structure

Courses include:

  • The Mathematics of the Black and Scholes Theory
  • The Foundations of Interest Rate and Credit Risk Theory
  • Stochastic Processes
  • Fixed Income Markets
  • Computational Methods in Finance
  • Programming in C++ 

                      Detailed Programme Facts

                      • Programme intensity Full-time
                        • Full-time duration 10 months
                      • Languages
                        • English
                      • Delivery mode
                        On Campus

                      English Language Requirements

                      • Minimum required score:

                        7

                        The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                        Schedule IELTS
                      • Minimum required score:

                        100

                        The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

                        Schedule TOEFL®
                      • Minimum required score:

                        65

                        PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. Delivered and marked by computer, it reports on a scale between 10 and 90.

                      Academic Requirements

                      You need the following GPA score:

                      Required score: Upper Second Class

                      Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

                      Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

                      General Requirements

                      • 2:1 degree or equivalent in mathematics or another mathematics-based subject

                      Tuition Fee

                      • International

                        28608 GBP/full
                        Tuition Fee
                        Based on the original amount of 28608 GBP for the full programme and a duration of 10 months.
                      • EU/EEA

                        28056 GBP/full
                        Tuition Fee
                        Based on the original amount of 28056 GBP for the full programme and a duration of 10 months.
                      We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

                      Living costs for London

                      • 1137 - 2160 GBP/month
                        Living Costs

                      The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

                      Funding


                      Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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

                      Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 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.

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