Financial Mathematics

Overview

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.