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Algorithmic Trading, M.Sc.

  • Anytime
    Application Deadline
  • 12 months
    Duration
University rank #251 (WUR) ,
On the Algorithmic Trading course offered by the University of Essex we equip you with the core concepts and quantitative methods in high frequency finance, along with the operational skills to use state-of-the-art computational methods for financial modelling.

About

The Algorithmic Trading course offered by the University of Essex includes hands-on projects on topics such as order book analysis, VWAP & TWAP, pairs trading, statistical arbitrage, and market impact functions. You have the opportunity to study the use of financial market simulators for stress testing trading strategies, and designing electronic trading platforms.

In addition to traditional topics in financial econometrics and market microstructure theory, we put special emphasis on areas:

  • Statistical and computational methods
  • Modelling trading strategies and predictive services that are deployed by hedge funds
  • Algorithmic trading groups
  • Derivatives desks
  • Risk management departments

Your future

We have an extensive network of industrial contacts through our City Associates Board and our alumni, while our expert seminar series gives you the opportunity to work with leading figures from industry.

Our recent graduates have gone on to become quantitative analysts, portfolio managers and software engineers at various institutions, including:

  • HSBC
  • Mitsubishi UFJ Securities
  • Old Mutual
  • Bank of England

Programme Structure

Courses included;

  • Data Science and Decision Making
  • Introduction to Financial Market Analysis
  • Professional Practice and Research Methodology
  • Quantitative Methods in Finance and Trading
  • Computational Market Micro-Structure and Complexity Economics
  • Creating and Growing a New Business Venture
  • Financial Engineering and Risk Management

Detailed Programme Facts

  • More details: There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October.
  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 12 months
    Part-time
    • Average part-time duration 24 months
    • Intensity Flexible
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    6

    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.

    StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

Academic Requirements

You need the following GPA score:

Required score: Lower Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Lower 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).

  • 2.2 degree in Finance, Financial Economics, Economics, Engineering, Mathematics, Statistics, Physics or Computer Science.
  • We will accept graduates of any other degree but this must contain Mathematics (calculus) or Econometrics (probability, Statistics) Also some programming experience is required.

Tuition Fee

  • International Applies to you

    17560 GBP/year
    Tuition Fee
    Based on the original amount of 17560 GBP per year and a duration of 12 months.
  • EU/EEA Applies to you

    9040 GBP/year
    Tuition Fee
    Based on the original amount of 9040 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
Part-time:
  • Home/EU fee: £4,520
  • International fee: £8,780

Living costs for Colchester

  • 660 - 1140 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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