MSc Civil Engineering and Management
The MSc Civil Engineering and Management program at the University of Nottingham provid...
MSc Financial and Computational Mathematics
University Park Campus
INTAKE: September
Program Overview
The MSc Financial and Computational Mathematics program at the University of Nottingham is tailored for students who wish to explore the interface between mathematics, finance, and computing. The program integrates financial theory with computational techniques, enabling students to analyze real-world financial problems using advanced mathematical models. Students will learn about financial markets, financial derivatives, risk management, and the pricing of financial instruments, with a particular focus on using computational methods to solve complex financial problems. The program is designed to provide both a solid theoretical foundation and the practical skills required to excel in the rapidly evolving world of financial mathematics.
Curriculum: The curriculum for the MSc Financial and Computational Mathematics program is carefully designed to ensure students gain both theoretical and practical insights into financial mathematics and computational techniques. Core modules include Mathematical Finance, which introduces the key mathematical models used in finance, and Computational Finance, which focuses on the implementation of these models using programming languages and computational tools. Other essential modules include Probability and Stochastic Processes, Financial Derivatives, and Risk Management, which are key areas of financial mathematics. In addition to these core modules, students will also undertake an independent research project or dissertation that allows them to apply their knowledge to a real-world financial problem. The program also offers optional modules in areas such as Optimization, Time Series Analysis, and Numerical Methods, allowing students to tailor their learning experience to their specific interests and career goals.
Research Focus: The MSc Financial and Computational Mathematics program at the University of Nottingham is underpinned by cutting-edge research in the fields of mathematics, finance, and computational methods. The program emphasizes the application of mathematical techniques to solve practical problems in finance, particularly in areas such as quantitative finance, risk management, derivative pricing, and algorithmic trading. Students have the opportunity to engage with ongoing research within the university's Mathematics and Finance departments, contributing to the development of new mathematical models and computational methods for the financial industry. The program’s strong research focus ensures that students are exposed to the latest advancements in financial mathematics and are prepared to tackle complex financial challenges using the most up-to-date techniques.
Industry Engagement: The MSc Financial and Computational Mathematics program at the University of Nottingham places a strong emphasis on industry engagement, ensuring that students gain practical experience and exposure to the finance sector. The program collaborates with financial institutions, industry experts, and leading research organizations to provide students with opportunities to apply their knowledge in real-world settings. Students can participate in industry-led workshops, internships, and guest lectures from professionals in the finance industry, including quantitative analysts, financial engineers, and risk managers. The university's strong links with the financial sector provide students with valuable networking opportunities and enhance their career prospects upon graduation.
Global Perspective: The MSc Financial and Computational Mathematics program adopts a global perspective on financial mathematics, recognizing the importance of international financial markets, global risk management, and the use of computational tools in a globalized economy. Students will explore the impact of global financial events, such as market crises, on financial models and risk management strategies. The program’s emphasis on computational techniques ensures that graduates are equipped with the skills needed to work in the increasingly digital and interconnected global financial landscape. Additionally, the university's diverse student body and international faculty provide students with exposure to a wide range of global perspectives on financial and computational mathematics.
Location
University Park Campus
Score
IELTS 6.5
Tuition Fee
£ 28600
Postgraduate Entry Requirements: For admission into postgraduate programs at the University of Nottingham, international students are generally required to meet the following criteria:
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Academic Qualifications: Students should have completed a bachelor's degree or its equivalent with a minimum of 60% or above in their country's grading system. The specific entry requirements may vary depending on the chosen program of study. Some programs may have additional subject-specific requirements or prerequisite knowledge.
- 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 90, with at least 17 in Listening, 17 in Reading, 20 in Speaking, and 18 in Writing.
- PTE Academic: A minimum overall score of 72 with no individual score below 65.
- 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.
Scholarships for International Students at the University of Nottingham:
International Excellence Scholarship: The University of Nottingham offers the International Excellence Scholarship to high-achieving international students. This scholarship is merit-based and provides a tuition fee reduction of up to £4,000 for postgraduate students.
Developing Solutions Scholarships: The Developing Solutions Scholarships are targeted at students from developing countries. These scholarships cover full tuition fees and provide additional support for living expenses. The aim of these scholarships is to empower students from disadvantaged backgrounds and enable them to make a positive impact in their home countries.
Sports Scholarships: The university recognizes the importance of sports and offers Sports Scholarships to exceptional athletes. These scholarships provide financial support to talented sportsmen and sportswomen, helping them balance their sporting commitments with their academic studies.
Nottingham Global Scholarships: The Nottingham Global Scholarships are awarded to outstanding international students across various academic disciplines. These scholarships provide financial assistance in the form of a tuition fee reduction.
Research Scholarships: The University of Nottingham offers a range of scholarships specifically for international students pursuing research degrees (Ph.D. or MRes). These scholarships provide funding to cover tuition fees and living expenses, allowing students to focus on their research projects.
Country-Specific Scholarships: The university also offers scholarships specifically tailored to students from certain countries. These scholarships may be based on academic merit, leadership potential, or specific criteria defined by the sponsoring organizations or governments.
Alumni Scholarships: The University of Nottingham values its alumni and offers scholarships exclusively for students who have completed a previous degree at the university. These scholarships provide financial support for further studies at the university.
It's important to note that scholarship availability, eligibility criteria, and application deadlines may vary from year to year.
Graduates of the MSc Financial and Computational Mathematics program from the University of Nottingham are well-prepared to pursue diverse and impactful career paths.
Quantitative Analyst: Graduates can work as quantitative analysts, using mathematical models and computational techniques to analyze financial data and inform investment decisions.
Risk Manager: Equipped with risk assessment skills, graduates can work as risk managers, evaluating financial risks and developing risk management strategies.
Financial Consultant: Graduates can work as financial consultants, providing expertise in quantitative finance and computational analysis to clients.
Data Analyst: Graduates can pursue roles as data analysts in the finance sector, extracting insights from financial data using computational tools.
Algorithmic Trader: Graduates can explore opportunities as algorithmic traders, using computational models to execute trading strategies.
Academic Pursuits: Graduates can pursue further academic studies or teaching positions, sharing their expertise in financial and computational mathematics.
