12 months
Duration
25500 GBP/year
14000 GBP/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Mathematical Finance course from The University of Manchester provides students with advanced knowledge and understanding of the main theoretical and applied concepts in Mathematical Finance delivered from a genuinely international and multi-cultural perspective with a current issues approach to teaching.

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

Credits

180 alternative credits

Delivered

On Campus

Academic requirements

GPA admission requirements GPA
Upper Second Class

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

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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 alway see correct tuition fees
  • International

    25500 GBP/year
    Tuition Fee
    Based on the tuition of 25500 GBP per year during 12 months.
  • National

    14000 GBP/year
    Tuition Fee
    Based 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.

Our partners

Mathematical Finance
-
The University of Manchester

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