BSc Hons Accounting, Business Finance and Management
This degree offers a solid foundation in financial, management, and accounting principl...
MSc Financial Engineering
York
INTAKE: September
Program Overview
This master's program offers a rigorous education in financial theory, mathematical methods, and programming practices, equipping students with the skills to develop and value new financial instruments and implement risk management schemes.
Curriculum: The curriculum comprises core modules such as Theory of Finance, Financial Econometrics, Mathematical Methods of Finance, Time Series Econometrics, Computational Finance with Python, and Stochastic Calculus & Black Scholes Theory. These modules provide a comprehensive understanding of the mathematical and computational tools essential in financial engineering.
Research Focus: The program emphasizes the application of quantitative methods to solve complex financial problems. Students engage in a dissertation project, allowing them to conduct in-depth research and apply theoretical knowledge to practical financial challenges.
Industry Engagement: Graduates typically find quantitative finance positions in financial institutions, including roles in fund management, insurance, taxation, and the actuarial profession. The program's strong emphasis on applied mathematics and quantitative finance ensures that students are well-prepared for the demands of the financial industry.
Global Perspective: As a member of the prestigious Russell Group, the University of York attracts a diverse student body from over 150 countries. This international environment enriches the learning experience, offering students a global perspective on financial engineering and preparing them to operate effectively in a multicultural professional landscape.
Location
York
Score
IELTS: 6.5
Tuition Fee
£ 33700
Postgraduate Entry Requirements:
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
- English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 87, with at least 21 in Listening, 21 in Reading, 21 in Speaking, and 23 in Writing.
- PTE Academic: A minimum overall score of 61 with no individual score below 55.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
The University of York, located in the UK, offers a range of scholarships to support their educational journey. These scholarships aim to recognize academic excellence, encourage cultural diversity, and provide financial assistance to deserving students.
Academic Excellence Scholarships: The University of York offers scholarships based on academic merit to outstanding international students applying for undergraduate or postgraduate programs. The scholarships provide financial support in the form of partial tuition fee reductions.
Vice-Chancellor's Scholarships: These prestigious scholarships are awarded to exceptional international students who demonstrate outstanding academic achievements and leadership potential. The scholarships cover full tuition fees and also provide a generous living stipend to support the students' living expenses during their studies.
Departmental Scholarships: Many departments within the University of York offer scholarships to international students within specific academic fields. These scholarships may cover partial or full tuition fees and are awarded based on academic excellence and potential within the chosen field.
Country-Specific Scholarships: The University of York provides scholarships specifically designed for students from certain countries or regions. These scholarships aim to promote diversity and international collaboration. Examples include the York Graduate Research School Scholarships for students from specific countries or regions.
Research Scholarships: International students interested in pursuing research-based programs such as Ph.D. or MPhil have opportunities to apply for research scholarships. These scholarships provide financial support by covering tuition fees and offering a stipend to assist with living expenses. Funding sources for research scholarships include government grants, research councils, and industry partnerships.
External Scholarships: The University of York encourages international students to explore external scholarship opportunities provided by governments, organizations, or foundations in their home countries. The university provides guidance and support to students in identifying and applying for these external scholarships.
The MSc Financial Engineering program have excellent career prospects in the finance industry, particularly in roles that require strong quantitative and analytical skills.
Quantitative Analyst: Students can pursue careers as quantitative analysts in investment banks, hedge funds, or asset management firms. They can develop quantitative models and trading strategies, conduct financial risk analysis, and contribute to the development of new financial products.
Risk Manager: Students can work as risk managers, assessing and managing financial risks for banks, insurance companies, or financial institutions. They can analyze market risks, credit risks, and operational risks, and implement risk mitigation strategies.
Financial Engineer: Students can find opportunities as financial engineers, working on the design and implementation of complex financial instruments and structured products. They can utilize their mathematical modeling skills to develop innovative solutions for investment and risk management.
Data Analyst: Students can work as data analysts in the finance industry, leveraging their skills in financial data analysis and modeling. They can analyze market trends, identify investment opportunities, and provide data-driven insights to support decision-making processes.
Investment Analyst: Students can pursue careers as investment analysts, conducting research and analysis on financial markets, industries, and companies. They can evaluate investment opportunities, assess financial performance, and provide recommendations for investment portfolios.
Financial Technology (FinTech): Students can explore opportunities in the growing field of financial technology, working on the development of innovative financial software, algorithmic trading systems, or risk management tools.
Further Studies and Research: Students can choose to pursue further studies at the doctoral level, conducting research in quantitative finance, financial engineering, or related fields. This can lead to academic careers or research positions in industry.
