MSc Financial Economics
The MSc Financial Economics program at the University of Birmingham provides students w...
MSc Mathematical Finance
Birmingham
INTAKE: September
Program Overview
The MSc Mathematical Finance program offered by the University of Birmingham's Department of Mathematics is designed to equip students with advanced mathematical and quantitative skills for applications in the financial industry. This program focuses on the development of mathematical models and techniques to analyze financial markets, manage risks, and make informed investment decisions.
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Mathematical Methods in Finance: Students acquire a strong foundation in mathematical tools and techniques relevant to financial modeling and analysis.
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Financial Derivatives: The program covers derivatives pricing models and their applications in managing financial risks.
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Financial Time Series Analysis: Students learn how to analyze financial data and model time series for forecasting and risk management.
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Stochastic Calculus: The program explores stochastic processes and their applications in financial modeling.
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Portfolio Optimization: Students study portfolio theory and optimization techniques for constructing optimal investment portfolios.
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Risk Management: The program emphasizes risk assessment and management strategies in financial decision-making.
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Financial Engineering: Students learn about financial product development and the use of derivatives in creating innovative financial instruments.
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Dissertation or Project: Students undertake an independent research project, applying mathematical techniques to solve real-world financial problems.
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.
The MSc Mathematical Finance program offers graduates a wide range of career opportunities in the financial sector.
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Quantitative Analyst: Graduates may work as quantitative analysts, using mathematical models and tools to analyze financial data and develop trading strategies.
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Risk Analyst: Graduates can pursue careers in risk management, assessing and managing financial risks for banks and financial institutions.
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Financial Consultant: Graduates may work as financial consultants, providing expert advice on investment decisions and risk management to clients.
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Financial Product Developer: Graduates can explore opportunities in financial product development, creating innovative investment products for the market.
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Asset Manager: Graduates may work as asset managers, responsible for managing investment portfolios for institutional and individual clients.
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Financial Researcher: Graduates can work in financial research, conducting studies on market trends, asset pricing, and economic factors.
