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 2024-09-25 00:00:00
- Apply before 2024-05-26 00:00:00

Language

English

IELTS

6.5

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PTE Academic

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TOEFL^® IBT

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Credits

180 alternative credits

Delivered

On Campus

Disciplines

Applied Mathematics Finance View 58 other Masters in Applied Mathematics in United Kingdom

Academic requirements

GPA

Upper Second Class

English requirements

IELTS

6.5

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PTE Academic

More about PTE Academic

TOEFL^® IBT

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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

To always see correct tuition fees

International

30500 GBP/year

Tuition Fee

Based on the tuition of 30500 GBP per year during 12 months.
National

14500 GBP/year

Tuition Fee

Based on the tuition of 14500 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 Student Grant Deadline: 30 June 2020

Apply and be among one of the 20 students to win €1000.

Studyportals Student Grant Deadline: 30 June 2020

Apply and be among one of the 20 students to win €1000.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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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