• Anytime
    Application Deadline
  • 12 months
    Duration
The MSc in Mathematics and Financial Modelling at Birkbeck, University of London offers you the opportunity to increase your knowledge and abilities in pure and applicable mathematics, as well as financial mathematics. A wide choice of modules allows you to study several different topics in depth, and to focus on the areas that interest you most.

About

You will also learn key mathematical research skills and methods, including how to conduct a literature search, how to read mathematical papers, and how to communicate your ideas and findings, both in writing and orally.

The second year of the Mathematics and Financial Modelling programme at Birkbeck, University of London includes a dissertation that allows you to engage in a sustained investigation of an area that interests you within statistics and/or finance, implementing what you have learned from the taught modules on the programme and combining this knowledge with new research and analysis.

Over two years, you will also acquire the skills to pursue your interests in mathematics and financial modelling to a higher level and beyond the classroom, whether for a formal MPhil/PhD research degree, for your career, or simply because you have a passion for the subject.

Highlights

  • This flexible course offers a wide choice of modules in mathematical and numerical methods for finance, pricing, game theory, graph theory and several other topics.
  • The programme is specially designed for part-time students and delivered via high-quality, face-to-face teaching in the evenings, so that you can study without putting your life or your ambitions on hold.
  • You complete a project in an area that interests you most, with guidance from an expert supervisor within our Department of Economics, Mathematics and Statistics.
  • Birkbeck's mathematicians are all active researchers, mostly in the areas of financial mathematics, algebra and combinatorics. We've developed this exciting course around those research strengths and our cutting-edge research informs the syllabus.
  • Birkbeck has a library and several workstation rooms. You can also take advantage of the rich academic resources found in Bloomsbury, including the libraries of other colleges of the University of London and the collection of the London Mathematical Society, just around the corner from Birkbeck's main building.

Careers and Employability

Graduates can pursue careers in the financial sector, actuarial profession, IT and computing, teaching and academia. Possible professions include actuary, statistician, or chartered accountant. This degree may also be useful in becoming a corporate investment banker, investment analyst, or quantity surveyor.

Programme Structure

Courses Include:

  • Derivatives across Asset Classes: Valuation and Hedging
  • Mathematical and Numerical Methods
  • Mathematics of Financial Derivatives
  • Calculus 3: Transforms & Models
  • Computational Mathematics
  • Games, Choice & Optimization
  • Number Theory and Geometry

Detailed Programme Facts

  • More details: You are strongly advised to apply now, to ensure there are still places on your chosen course and to give you time to complete the admissions process.
  • Programme intensity Full-time
    • Full-time duration 12 months
  • Credits
    180 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus
  • More information Go to the programme website

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

Academic Requirements

You need the following GPA score:

Required score: Lower Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Lower Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

  • The typical entrance requirement is a second-class degree in mathematics.
  • Applicants may be emailed an entrance test to gauge their suitability for the programme.
  • If you don't have a mathematics degree then, depending on your level of knowledge, you may be able to instead take Birkbeck's Graduate Certificateor Graduate Diploma in Mathematics as a qualifying course.

Living costs for London

  • 1137 - 2160 GBP/month
    Living Costs

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

Funding

Check the programme website for information about funding options.

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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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