MSc Mathematical Finance

Postgraduate Entry requirements

1. Academic Qualifications: Postgraduate applicants are expected to hold a relevant undergraduate degree from a recognized institution, with a minimum academic achievement of 60% to 80%.  

2. English Language Proficiency:  

• IELTS (International English Language Testing System): Minimum overall score of 7.0, with minimum component scores of two at 6.0/6.5 and the remaining components at 7.0 or above.

• TOEFL (Test of English as a Foreign Language): Minimum score of 100 on the internet-based test (iBT), with minimum sub-scores of Reading 22, Listening 21, Speaking 23, and Writing 21.

• PTE (Pearson Test of English): Minimum overall score of 70, including 59 or above in all components.

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 Warwick offers a range of scholarships and financial aid opportunities to support international students pursuing their academic aspirations at one of the UK's leading universities. These scholarships are designed to recognize academic excellence, promote diversity, and alleviate financial barriers to higher education. 

Chancellor's International Scholarship: The Chancellor's International Scholarship is offered to outstanding international PhD applicants across all disciplines. This scholarship covers the full payment of overseas tuition fees and provides a generous stipend to support living expenses. Recipients of this scholarship are selected based on academic excellence and research potential.

Warwick Marshall Scholarship: The Warwick Marshall Scholarship is open to students from select developing countries who wish to pursue a Master's degree at Warwick. This scholarship covers full tuition fees, accommodation, and living expenses for the duration of the Master's program. Applicants must demonstrate academic excellence, leadership potential, and a commitment to making a positive impact in their home countries.

Commonwealth Shared Scholarship: Warwick participates in the Commonwealth Shared Scholarship scheme, which enables students from eligible Commonwealth countries to pursue a Master's degree in selected subjects at the university. This scholarship covers tuition fees, airfare, living expenses, and other allowances. Applicants must meet specific eligibility criteria outlined by the Commonwealth Scholarship Commission.

Other Departmental Scholarships: Various academic departments and faculties at Warwick offer specific scholarships and funding opportunities for international students based on academic merit, research potential, and other criteria. These scholarships may vary by program and are typically advertised on departmental websites.

External Funding Sources: In addition to university-specific scholarships, international students are encouraged to explore external funding sources, including government scholarships, corporate sponsorships, and international organizations offering financial support for higher education. The university's international office provides guidance and resources to help students identify and apply for external funding opportunities.

It is important to note that scholarship availability, criteria, and application deadlines may change from year to year.

Graduates of the MSc Mathematical Finance program from the University of Warwick are equipped with advanced quantitative skills and financial knowledge, positioning them for diverse and rewarding career opportunities in the finance industry. With expertise in mathematical modeling, financial theory, and computational finance, graduates are sought after for quantitative roles in finance, banking, asset management, and related fields. 

1. Quantitative Analyst (Quant): Graduates may work as quantitative analysts, developing mathematical models and algorithms to analyze financial markets, price derivatives, and manage risk. They use advanced quantitative techniques and programming skills to develop trading strategies, conduct quantitative research, and optimize investment portfolios.

2. Risk Manager: Graduates can pursue roles as risk managers, responsible for identifying, assessing, and mitigating financial risks within organizations. They use quantitative models, statistical analysis, and risk management techniques to manage market risk, credit risk, liquidity risk, and operational risk in financial portfolios and products.

3. Financial Engineer: Graduates may work as financial engineers, designing and implementing complex financial products and derivatives. They use mathematical models, stochastic calculus, and numerical methods to develop innovative financial instruments, such as structured products, exotic options, and derivative securities.

4. Algorithmic Trader: Graduates interested in trading can specialize in roles as algorithmic traders, developing and implementing algorithmic trading strategies to execute trades in financial markets. They use quantitative models, machine learning techniques, and high-frequency trading algorithms to capture trading opportunities and optimize trade execution.

5. Portfolio Manager: Graduates can pursue careers as portfolio managers, responsible for managing investment portfolios and making strategic asset allocation decisions. They use quantitative analysis, portfolio optimization techniques, and risk management strategies to maximize portfolio returns while minimizing risk.

6. Financial Data Analyst: Graduates may work as financial data analysts, analyzing large datasets of financial market data to extract insights and inform investment decisions. They use statistical analysis, time series analysis, and machine learning techniques to identify trends, patterns, and anomalies in financial data.

7. Quantitative Developer: Graduates with programming skills can work as quantitative developers, building and implementing financial models and algorithms in software applications. They collaborate with quantitative analysts and traders to develop, test, and deploy quantitative trading systems, risk management tools, and financial analytics platforms.

8. Derivatives Trader: Graduates interested in derivatives markets can pursue roles as derivatives traders, trading options, futures, swaps, and other derivative securities. They use quantitative models, pricing algorithms, and market analysis to identify trading opportunities and execute derivative trades to hedge risk or speculate on market movements.

9. Financial Consultant: Graduates may work as financial consultants, advising clients on financial risk management, investment strategies, and derivative hedging solutions. They use quantitative analysis and financial modeling to develop customized solutions tailored to clients' risk tolerance, investment objectives, and financial goals.

10. Quantitative Researcher: Graduates can work as quantitative researchers, conducting empirical research and developing new quantitative models to advance the field of mathematical finance. They contribute to academic research, publish research papers, and collaborate with industry practitioners to solve challenging financial problems.