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Overview
The focus is on mathematical theory and modelling, drawing from the disciplines of probability theory, scientific computing and partial differential equations to derive relations between asset prices and interest rates, and to develop models for pricing, risk management and financial product development.
The finance industry demands recruits with strong quantitative skills and the course is intended to prepare students for careers in this area. The Mathematical Finance course from The University of Manchester provides training for those who seek a career in the finance industry specialising in derivative securities, investment, risk management and hedge funds. It also provides research skills for those who subsequently wish to pursue research and/or an academic career (e.g. university lecturer) or continue the study at doctoral level, particularly those wishing to pursue further/advanced studies in Mathematical Finance.
Career opportunities
The finance industry demands recruits with strong quantitative skills and the course is intended to prepare students for careers in this area. The course provides training for those who seek a career in the finance industry specialising in derivative securities, investment, risk management and hedge funds. It also provides research skills for those who subsequently wish to pursue research and/or an academic career (e.g. university lecturer) or continue the study at doctoral level, particularly those wishing to pursue further/advanced studies in Mathematical Finance.
Programme Structure
Courses include:
- Derivative Securities
- Asset Pricing Theory
- Computational Finance
- Stochastic Calculus
- Brownian Motion
- Martingales Theory for Finance
- Stochastic Modelling in Finance
- Stochastic Control with Applications to Finance
Key information
Duration
- Full-time
- 12 months
Start dates & application deadlines
- Starting
- Apply before
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Language
English
IELTS 6.5
PTE Academic 70
TOEFL® IBT 90
Credits
180 alternative credits
Delivered
On Campus
Disciplines
Mathematics Applied Mathematics Finance View 867 other Masters in Finance in United KingdomAcademic requirements
GPA Upper Second Class
English requirements
IELTS 6.5
PTE Academic 70
TOEFL® IBT 90
Other requirements
General requirements
- Formal entry requirements are listed here but since applicants come from many di¿erent backgrounds, it will be useful to consider yourself whether you feel as if you have the right background for the course.
- Some general expectations are listed below, with references to existing courses on that material in Manchester. It should hopefully give you a feel for the course and what is expected of the incoming student.
- We would only consider a few of these courses as absolutely essential, but some additional background is desirable and will certainly assist you greatly for course preparation. If in doubt then please contact us. A good background in Probability Theory is essential
Tuition Fee
To alway see correct tuition fees
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International
25500 GBP/yearTuition FeeBased on the tuition of 25500 GBP per year during 12 months. -
National
14000 GBP/yearTuition FeeBased on the tuition of 14000 GBP per year during 12 months.
Living costs for Manchester
645 - 1197 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.
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