MSc Financial Economics
The MSc Financial Economics program at the University of Birmingham provides students w...
MSc Financial Engineering
Birmingham
INTAKE: September
Program Overview
The MSc Financial Engineering program at the University of Birmingham is designed for individuals aspiring to pursue a career in the rapidly evolving field of quantitative finance. This interdisciplinary program combines advanced mathematical and statistical techniques with financial theory, equipping students with the knowledge and skills to analyze and manage financial risks effectively.
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Quantitative Finance Fundamentals: Students acquire a solid foundation in financial principles and mathematical modeling, enabling them to understand complex financial products and structures.
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Risk Management: The program focuses on risk management methodologies, including value-at-risk (VaR) and stress testing, to prepare students for risk assessment and mitigation roles.
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Financial Derivatives: Students gain insights into financial derivatives, options pricing models, and hedging strategies, essential for careers in derivatives trading and risk analysis.
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Data Analysis and Programming: The curriculum emphasizes data analysis and programming skills, including the use of Python and R, to analyze financial data and build models.
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Financial Modeling and Simulation: Students learn how to create and analyze financial models using Monte Carlo simulation and other techniques.
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Industry-Relevant Projects: The program may include practical projects in collaboration with financial institutions, providing students with real-world experience.
Location
Birmingham
Score
IELTS 6.5
Tuition Fee
£ 23850
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 50%-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.
- TOEFL: A minimum overall score of 88, with at least 20 in Listening, 21 in Reading, 22 in Speaking, and 21 in Writing.
- PTE Academic: A minimum overall score of 67 with no individual score below 64.
- 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 Birmingham offers a range of scholarships and bursaries to support students with their studies.
- Academic Scholarships: These are awarded to students who achieve outstanding academic results. The scholarship amount varies depending on the course and level of study.
- Sports Scholarships: These are awarded to students who excel in sports. The scholarship covers the cost of tuition fees and accommodation.
- International Scholarships: These are awarded to international students who demonstrate academic excellence. The scholarship covers the cost of tuition fees and provides a maintenance allowance.
- Subject-specific Scholarships: These are awarded to students studying certain subjects. The scholarship amount and eligibility criteria vary depending on the subject.
The University of Birmingham provides excellent facilities, is highly ranked, and offers a range of scholarships and bursaries to support students.
Graduates of the MSc Financial Engineering program possess a unique skill set that opens up various career opportunities in the financial industry.
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Quantitative Analyst: Graduates can work as quantitative analysts, developing mathematical models and conducting data analysis to support investment decisions and risk management.
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Risk Manager: Graduates may pursue roles as risk managers, assessing and managing financial risks in institutions such as banks and hedge funds.
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Derivatives Trader: With expertise in financial derivatives, graduates can work as derivatives traders, executing trades and managing positions.
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Financial Engineer: Graduates may find opportunities as financial engineers, designing and implementing financial products and strategies.
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Data Analyst: Some graduates may choose to work as data analysts, utilizing their programming and data analysis skills in the financial industry.
