MSc/PGDip On Campus

Financial Mathematics

Middlesex University

12 months
15300 GBP/year
10500 GBP/year
Tuition fee
Apply date
Start date


At the Financial Mathematics MSc/PGDip offered at the Middlesex University you’ll develop an advanced understanding of the concepts and techniques of financial mathematics and statistics, and of how financial data is gathered and analysed. 


Course Details

At the Financial Mathematics MSc/PGDip offered at the Middlesex University you’ll develop the mathematical, financial and computational skills you need to make decisions; quantify and manage risks and balance risk with return; understand financial instruments; and evaluate and interpret financial data using programming and computer packages. You’ll also be able to source data from a range of different sources, including electronic databases.

There are five compulsory modules: portfolios and risk; probability and stochastic processes; risk measurement; financial data and computing; and pricing and stochastic calculus. You’ll then choose one further option from international risk management, time series and forecasting, and game and decision theories. At the end of the course you will submit a dissertation, which will allow you to gain in-depth knowledge of an area that interests you.

Course Highlights

  • The course combines a comprehensive grounding in the theory of financial mathematics with thorough practical training
  • The subscriptions to Bloomberg and Datastream allow you to work with real datasets
  • Guest lectures from industry specialists allow you to gain insights from practising professionals into real-life situations
  • The course is designed either for graduates considering a financial career, or for those already working in the industry looking for a greater understanding of finance and insurance risk
  • As a student of this course you'll receive a free electronic textbook for every module.

Career Opportunities

  • A solid command of the principles and techniques of financial mathematics is essential for anyone working in trading, pricing, hedging, asset management, risk control and a variety of other areas of finance. 
  • There is currently a major drive to improve the mathematical abilities of staff working in financial institutions, and banks and companies which deal with risk are looking to hire employees with a solid mathematical background. 
  • This course will equip you for a wide range of careers in financial product development, risk analysis and management, pricing, investment decision making and portfolio development, with banks and financial companies or the government.

Programme Structure

Courses include: 

  • Risk Measurement 
  • Pricing and stochastic calculus 
  • Financial data and computing 
  • Probability and stochastic processes 
  • International risk management 
  • Time series and forecasting 
  • Games and decisions 

Key information


  • Full-time
    • 12 months
  • Part-time
    • 24 months

Start dates & application deadlines

More details
    • We recommend applying as early as possible for your chosen postgraduate course to ensure you are granted a place. 


180 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
Lower Second Class

Other requirements

General requirements

  • Applications from graduates with a 2:2 honours degree, or equivalent qualification, in an appropriate subject are welcome
  • Candidates with other relevant qualifications are also considered
  • Those without formal qualifications need to demonstrate three years' relevant work experience and the ability to study at postgraduate level

Tuition Fee

To alway see correct tuition fees
  • International

    15300 GBP/year
    Tuition Fee
    Based on the tuition of 15300 GBP for the full programme during 12 months.
  • National

    10500 GBP/year
    Tuition Fee
    Based on the tuition of 10500 GBP for the full programme during 12 months.

Living costs for London

1137 - 2157 GBP /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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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Financial Mathematics
Middlesex University


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