• Anytime
    Application Deadline
  • Unknown (University site)
    Duration

About

Join the Financial Mathematics programme from University of Warwick to gain both a deep theoretical and conceptual knowledge of finance, together with the requisite high-level probability, statistics and mathematics, to enable you to undertake advanced quantitative modelling. Lab work will give you hands-on experience of using software packages for simulations and time series analysis, as well as learning C++ programming to enable you to price sophisticated derivative structures. 

Our departments benefit from excellent links to key financial institutions and employers and this course has benefited from recommendations following consultation with the Bank of England, Goldman Sachs, Merrill Lynch, and many of our alumni.

Careers

Visits by guest speakers from all areas of financial services complement the academic programme throughout the year. Past speakers have covered topics including IFRS & Standard Setting, Systematic/Quant Trading Strategies, Quantitative Strategies for Hedge Funds, High Frequency Trading in the Foreign Exchange Markets, and Success in the City.

The MSc in Financial Mathematics will prepare you for a career using sophisticated statistical and mathematical modelling tools within financial engineering, front and back office "quant" roles in investment banking, risk management, hedge funds, and insurance and actuarial positions.

Our students achieve very good salaries post-degree, and we are exceptionally good at placing them into employment within three months of completion.

Programme Structure

Courses included:

  • Asset Pricing
  • C++ for Quantitative Finance
  • Continuous Time Finance for Interest Rate Models
  • Financial Derivatives
  • Numerical Methods
  • Probability & Stochastic Processes

Detailed Programme Facts

  • More details: There is no official deadline for applications, as we operate a rolling admissions system.
  • Programme intensity Full-time
  • Languages
    • English
  • Delivery mode
    On Campus
  • More information Go to the programme website

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    100

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    7

    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

    Studyportals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper 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).

You only need to take one of these tests:

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

  • You need the following GMAT score:

    Required score: 700

    The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GMAT score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers.

General Requirements

  • The finance programmes are challenging technical courses. To succeed on these courses you will need strong mathematics and statistics or econometrics ability, this could be demonstrated by a high 2.1 or 1st achieved in a relevant subject at Undergraduate level.
  • You must have a strong mathematical and statistics background so a degree in mathematics, physics, or statistics will be most suitable. Engineering may be acceptable if you have completed a statistics module in your second year or above.
GMAT & GRE
  • We do not require a GMAT or GRE score but a well-balanced score (700+) may strengthen your application.

Tuition Fee

  • International

    34500 GBP/year
    Tuition Fee
    Based on the original amount of 34500 GBP per year and a duration of .
  • EU/EEA

    34500 GBP/year
    Tuition Fee
    Based on the original amount of 34500 GBP per year and a duration of .
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

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

WBS Scholarships of up to 50% towards tuition fees are offered to applicants with an outstanding academic background. All suitable applicants to the MSc, and in particular those from the UK and Europe, will be considered for these scholarships at the time they apply.

University of Warwick students (progressing directly from undergraduate study at Warwick) who are offered a place with WBS will receive a Warwick Loyalty 25% scholarship, with outstanding students receiving up to 50%.

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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