• Application Deadline
  • 12 months
    Duration

About

Aims

Financial mathematics is a challenging subject, the methods of which are deployed by sophisticated practitioners in financial markets on a daily basis. It builds on the application of advanced concepts in modern probability theory to enable market professionals to tackle and systematically resolve a huge range of issues in the areas of pricing, hedging, risk management, and market regulation. 

The main objective of the Financial Mathematics course offered by Brunel University London is to provide candidates with the knowledge they need to be able to enter into this exciting new area of applied mathematics and to position themselves for the opportunity to work in financial markets.

Among the main distinguishing features of our programme are the following:

  • We aim to teach the key ideas in financial asset pricing theory from a thoroughly modern perspective, using concepts and methods such as pricing kernels, market information filtrations, and martingale techniques, as opposed say to the more traditional but old-fashioned approach based on the historical development of the subject.
  • In our programme candidates are asked at each stage to undertake a critical re-examination of the hypotheses implicit in any financial model, with a view to gaining a clear grasp of both its strengths and its limitations.
  • The programme includes courses on high-performance computing that provide candidates with the techniques whereby financial models can be implemented.

Employability

The modelling and management of financial risk is an expanding field worldwide, offering numerous opportunities for fulfilling and engaging careers. Our graduates will be well positioned for pursuing jobs in a number of different areas of financial modelling and risk management in the financial services industry, with employment prospects in banks, asset management firms, hedge funds, pension funds, insurance and re-insurance companies, exchanges, corporate and sovereign treasuries, financial consultants, financial software developers, financial regulators, financial publishing houses, and companies specialising in the analysis and distribution of financial information and data. There is also a demand in financial institutions for well qualified mathematically literate graduates with higher degrees for positions in the trading, structuring and marketing of financial products.

Programme Structure

Courses included:

  • Probability and stochastics
  • Financial markets
  • Option pricing theory
  • Interest rate theory
  • Financial computing

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 12 months
    Part-time
    • Average part-time duration 30 months
    • Intensity Flexible
    • Duration description
      2.5-years 
  • 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

    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

  • A 2:2 (or above) UK Honours degree, or equivalent internationally recognised qualification, in Mathematics.
  • Applications from candidates with degrees in related subjects with a substantial mathematical component (such as Physics, Engineering, Chemistry, or Economics) may be considered on an individual basis.
  • Other qualifications with relevant work experience may also be considered.

Tuition Fee

  • International

    18720 GBP/year
    Tuition Fee
    Based on the original amount of 18720 GBP per year and a duration of 12 months.
  • EU/EEA

    10140 GBP/year
    Tuition Fee
    Based on the original amount of 10140 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • UK/EU students: £5,070 part-time
  • International students: £9,360 part-time

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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