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
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Credits
Delivered
Disciplines
Applied Mathematics Finance View 58 other Masters in Applied Mathematics in United KingdomAcademic requirements
English requirements
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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
-
International
30500 GBP/yearTuition FeeBased on the tuition of 30500 GBP per year during 12 months. -
National
14500 GBP/yearTuition FeeBased on the tuition of 14500 GBP per year during 12 months.
Living costs for Manchester
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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Scholarships Information
Below you will find Master's scholarship opportunities for Mathematical Finance.
Available Scholarships
You are eligible to apply for these scholarships but a selection process will still be applied by the provider.
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