Financial Mathematics and Computation MSc, 1-2 years, full-time

Course information

UK/EU fee £11,110

International fee £20,825

Taught by School of Mathematics and Actuarial Science

MSc Financial Maths Admissions
+44 (0)116 229 7407
mathematics@le.ac.uk

School of Mathematics and Actuarial Science website

This is for you if... you want to study financial mathematics at an advanced level.

Course description

Course description

Due to the ongoing impact of the global pandemic we have had to evaluate all of our courses to ensure that we adhere to Government guidelines to protect the health and wellbeing of our staff and students. This means that as we work through these changes the modules, delivery methods and assessments shown, including those shown for future years, are subject to change.

Quantitative finance is widely recognised as a rapidly expanding market for mathematical and scientific skills. Financial Mathematics is an application of mathematical methods to financial markets and risk management, using advanced computer technology to predict the behaviour of the markets and suggest strategies for investment. The focus of this MSc is on computational techniques for finance, on mathematical modelling and on mathematical and economic theories of finance.

On this course you will learn how to formulate problems from finance in mathematical terms, select and develop an appropriate numerical method, use programming skills to implement the method and compute results, and finally to present and interpret these results for a potential client.

What's the difference?

If you complete the modules but not the project, you will qualify for a Postgraduate Diploma (PGDip). If you complete only some of the modules, you may qualify for a Postgraduate Certificate (PGCert).

Download a prospectus (PDF, 1.2MB)

Entry requirements

Entry requirements

2:1 degree (or equivalent) in Maths, Sciences, or Engineering. We will consider a 2:1 degree in a social science (e.g. Economics) on an individual basis, depending on the amount of mathematical subjects you have covered. You will need a fairly solid background in maths including an understanding of calculus, linear algebra, ordinary differential equations, probability and statistics.

English Language Requirements

IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

International Qualifications

Find your country in this list to check equivalent qualifications, scholarships and additional requirements.

Countries list

Fees and funding

Fees and funding

UK and EU Students

This is the total course fee.

Starting in September 2020

  • MSc: £11,110
  • MSc with Industry: £12,775

NB. The additional fee for the 'MSc with industry' variant is not charged if, for whatever reason, you are unable to secure a placement.

Find out more about scholarships and funding.

Did you know you can apply for a Government Postgraduate Loan? Find out if you’re eligible.

Additional costs

Please note that you will need to buy a Casio FX83GT calculator (approximately £6). This is not included in your tuition fee.

Some of the projects available for this programme are industry-related and therefore will involve travel or accommodation costs. Exact costs will vary depending on the location of your placement in Industry.

International Students

This is the total course fee.

Starting in September 2020

  • MSc: £20,825
  • MSc with Industry: £23,950

NB. The additional fee for the 'MSc with industry' variant is not charged if, for whatever reason, you are unable to secure a placement.

You will need to pay a deposit of £2,000 to secure your place. This will be subtracted from your total tuition fee.

Find out more about scholarships and funding.

Additional costs

Please note that you will need to buy a Casio FX83GT calculator (approximately £6). This is not included in your tuition fee.

Some of the projects available for this programme are industry-related and therefore will involve travel or accommodation costs. Exact costs will vary depending on the location of your placement in Industry.

Careers and employability

Careers and employability

Our Career Development Service is here to support you, with advice on interviews, CVs, work experience, volunteering and more. From Freshers’ Week to Graduation and beyond, they are here to help you reach your professional goals.

Related courses

Related courses



Course structure

Semester 1

Semester 1

Core modules

Option modules

Choose one option module from:

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Semester 2

Semester 2

Core modules

Option modules

Choose one option module from:

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Industrial Placement (optional)

Industrial Placement (optional)

Studying a 'with industry' Masters degree is the perfect way for you to enhance your career prospects and deepen your understanding of your specific area of expertise. By experiencing real-world scenarios and applying your skills and knowledge to business challenges, you will gain a unique insight into how your studies can be utilised in industry. This will not only showcase your abilities to future employers, but will also enhance your studies when you return to University to complete your programme.

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Project

Project

Over the summer, some projects will be carried out as an internship in association with a bank, finance house, hedge fund, consultancy or systems provider in the industry. These internship opportunities will lead to a significant upgrading of your career prospects.

Examples of recent projects and the financial institutions which hosted them:

  • Time Series Analysis: Analysing Stability and Modelling Future Correlation (CitiGroup)
  • Relative Pricing of Interest Rate Derivatives: Interest Rate Cap and Swaption (CitiGroup)
  • Market Data Analysis Tool, with specific focus on Negative-Rate Handling (CitiGroup)
  • Evaluating the Perfomance of Mortgage Underwriters (Santander)
  • Exotic Derivative Counterparty Risk (CitiGroup)
  • Counterparty Credit Risk Exposure Interpolation (CitiGroup)
  • The effect of Implied Volatility Skew on Quanto and Composite Option Pricing (Daiwa Capital Markets Eurpoe)
  • Proprietary Trading in Equity Market (Daiwa Capital Markets Europe)

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Why Leicester?

The School of Mathematics and Actuarial Science at Leicester carries out research, training and postgraduate teaching in finance, risk management, dynamical systems, computational modelling, actuarial science, data analysis, algebra, topology and associated fields.

The School provides a stimulating academic environment where you can develop your knowledge and skills, and contribute to a wider understanding of the subject area.

This postgraduate degree is a collaboration between our Department of Mathematics and School of Business, both of which are noted for the strength of their research and teaching.

We have more than 50 postgraduate research students, over 80 postgraduate taught students and in excess of 100 students studying by distance learning.

Teaching and learning

Teaching methods include lectures, seminars and computer practicals. Assessment is a mixture of coursework assignments, oral presentations and written exams.

Apply now

Course Qualification Duration Start Dates Availability
Course Financial Mathematics and Computation Qualification MSc Duration 1 year full-time Start Dates September each year Availability Apply Now
Course Financial Mathematics and Computation with Industry Qualification MSc Duration 2 years, full-time Start Dates September each year Availability Apply Now