MSc Accounting
The MSc Accounting at the University of Manchester, United Kingdom, is a specialized po...
MSc Mathematical Finance
Manchester, England
INTAKE: Jan & Sept
Program Overview
The MSc Mathematical Finance program at the University of Manchester is designed to equip students with a comprehensive understanding of financial markets, investment strategies, and risk management techniques. The program integrates advanced mathematical and statistical methods with finance, providing students with the skills needed to analyze and model complex financial systems. It is ideal for those seeking careers in investment banking, asset management, financial consulting, or other finance-related fields. The curriculum emphasizes both theoretical and practical approaches, ensuring that graduates are prepared to tackle the challenges of the fast-paced and evolving financial industry.
Curriculum: The MSc Mathematical Finance program at the University of Manchester features a robust curriculum that combines core modules in finance with advanced mathematical and computational techniques. Students engage in subjects such as financial modeling, derivatives pricing, stochastic processes, portfolio theory, and risk management. The program also covers the application of mathematical techniques to real-world financial problems, including the use of programming languages like Python and R for financial data analysis. Students will gain hands-on experience through coursework, group projects, and the opportunity to work on practical financial problems. The final part of the program includes a dissertation project, allowing students to delve deeper into a specific area of mathematical finance and contribute original research.
Research Focus: The MSc Mathematical Finance program at the University of Manchester emphasizes research-led teaching, with faculty members who are actively involved in cutting-edge research in mathematical finance. The program’s research focus includes areas such as financial engineering, quantitative risk management, algorithmic trading, and financial econometrics. Students have the opportunity to engage with ongoing research projects, learning from experts in the field and gaining a deep understanding of the latest financial modeling techniques and market behaviors. This research focus ensures that students are well-prepared to contribute to innovation and problem-solving in the finance industry.
Industry Engagement: The MSc Mathematical Finance program at the University of Manchester offers strong links with the financial industry, providing students with valuable opportunities for professional development. Through partnerships with financial institutions, the program includes industry-related seminars, guest lectures, and networking events that expose students to the latest trends in finance and career opportunities. Furthermore, the program’s emphasis on real-world financial problems means that students work on projects that simulate actual market conditions. These industry engagements help students build connections with professionals and enhance their employability upon graduation. The program also benefits from the University of Manchester's location, which offers access to one of the UK’s leading financial hubs.
Global Perspective: The MSc Mathematical Finance program at the University of Manchester offers a global perspective on finance, incorporating international financial markets, regulatory frameworks, and economic systems into its curriculum. Students explore the dynamics of global financial markets and learn how to apply mathematical finance techniques across different regions and sectors. The program prepares students to work in the global financial arena, equipping them with the skills necessary to manage cross-border financial risks, analyze international markets, and navigate the complexities of global investment strategies. The diverse student body and faculty further enhance the program’s global perspective, providing students with the opportunity to engage with individuals from various cultural and professional backgrounds.
Location
Manchester, England
Score
IELTS 7
Tuition Fee
£ 34500
Postgraduate Entry Requirements
Application fee: £60
Academic Qualifications: 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:
- IELTS: A minimum overall score of 7.0 with no individual component below 6.5.
- TOEFL: A minimum overall score of 100.
- PTE Academic: A minimum overall score of 76.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
The University of Manchester offers a range of scholarships to support international students in funding their education and making their academic journey more accessible. These scholarships are designed to reward academic excellence, support students from diverse backgrounds, and help ease the financial challenges of studying abroad.
Global Futures Scholarship: The Global Futures Scholarship is a prestigious award for international students who demonstrate academic excellence and potential. This scholarship offers a £5,000 contribution towards tuition fees, providing financial assistance for undergraduate and postgraduate students. This scholarship is open to students from specific countries and disciplines, so it is essential to check eligibility criteria and deadlines.
Manchester Master’s Bursary: The Manchester Master’s Bursary is a financial aid program aimed at helping postgraduate students who come from lower-income backgrounds. This bursary offers support for UK, EU, and international students who wish to pursue a master’s degree at the university. The bursary can cover a significant portion of tuition fees and is awarded based on financial need.
Subject-Specific Scholarships: Many departments at the University of Manchester offer subject-specific scholarships for students enrolling in their programs. For example, students applying for programs in engineering, business, life sciences, and the arts may be eligible for additional funding based on academic performance and their future potential. These scholarships are often offered to high-achieving students who demonstrate exceptional skills and dedication to their field of study.
Chevening Scholarships: The Chevening Scholarship is a fully-funded award provided by the UK government, open to outstanding international students from over 160 countries. The scholarship covers tuition fees, living costs, travel expenses, and other related costs. The University of Manchester is a proud participant in this global program and welcomes applications from students wishing to pursue a master's degree in a variety of disciplines.
Commonwealth Scholarships: The Commonwealth Scholarship Commission offers fully funded scholarships for international students from Commonwealth countries. These scholarships support students pursuing postgraduate studies in fields such as engineering, health sciences, and education. They cover the full cost of tuition fees, travel, and living expenses during the duration of the program.
Regional Scholarships: The university also offers regional scholarships for students from specific countries or regions, including Asia, Africa, Europe, and the Americas. These scholarships are designed to make studying at the University of Manchester more accessible to students from these regions and offer both partial and full financial support depending on the scholarship type.
Graduates of the MSc Mathematical Finance program at the University of Manchester are well-equipped to pursue a wide range of career opportunities in the finance sector. With a solid foundation in both mathematics and finance, students are prepared for roles in quantitative finance, risk management, investment analysis, and more. The program’s emphasis on practical skills, industry engagement, and global financial markets ensures that graduates are highly sought after by employers.
Quantitative Analyst (Quant): Quantitative analysts, or “quants,” apply mathematical models and computational techniques to analyze financial markets, price derivatives, and assess risk. They work for investment banks, hedge funds, asset management firms, and other financial institutions.
Risk Manager: Risk managers use mathematical and statistical methods to identify, assess, and mitigate financial risks. They help organizations protect their investments and ensure that their portfolios are aligned with their risk tolerance. Risk management professionals are in demand at banks, insurance companies, and large corporations.
Financial Engineer: Financial engineers combine finance, mathematics, and programming to develop new financial products and strategies. They are experts in creating pricing models, algorithmic trading systems, and financial simulations. Financial engineers often work in investment banks, trading firms, and fintech companies.
Portfolio Manager: Portfolio managers are responsible for managing investment portfolios, balancing risk and return to achieve clients’ financial goals. They use advanced mathematical models to optimize asset allocation and make informed investment decisions. Portfolio managers typically work in asset management firms or investment advisory services.
Investment Analyst: Investment analysts research financial markets, evaluate investment opportunities, and provide recommendations to clients or organizations. They analyze trends in equity, debt, and commodities markets, often specializing in sectors such as equities, fixed income, or alternative investments.
Data Scientist/Analyst: Data scientists and analysts in finance use statistical techniques and machine learning algorithms to analyze financial data, forecast market trends, and make investment decisions. This role is vital in large financial institutions, hedge funds, and technology-driven finance companies.
Actuary: Actuaries use mathematical models to assess and manage risks related to insurance, pensions, and investments. By analyzing data and calculating potential financial risks, actuaries help organizations make informed decisions regarding pricing and risk management. This career often involves working in insurance companies and consulting firms.
Financial Consultant: Financial consultants advise companies and individuals on various financial matters, including investments, risk management, and wealth planning. They use advanced mathematical finance techniques to optimize clients’ financial strategies and maximize returns.
Derivative Trader: Derivative traders specialize in trading financial instruments like options, futures, and swaps. They use quantitative models to assess price movements and manage risk. Many traders work in investment banks, hedge funds, and proprietary trading firms.
Academia/Research: Some graduates pursue careers in academic research, teaching, or policy development related to mathematical finance. They contribute to advancing financial theory, conduct cutting-edge research, and publish papers in finance journals. Academia offers the opportunity to teach and mentor future finance professionals.
