Financial Mathematics

Entry requirements

• A second class (2.2 or above) UK Honours degree, or equivalent internationally recognised qualification, in Mathematics.
• Applications from candidates with degrees in related subjects with a substantial mathematical component (such as Physics, Engineering, Chemistry, or Economics) may be considered on an individual basis.
• Other qualifications with relevant work experience may also be considered.

Months of entry

September

Course content

Financial mathematics builds on the application of advanced concepts in modern probability theory to enable market professionals to tackle and systematically resolve a huge range of issues in the areas of pricing, hedging, risk management, and market regulation.

On this course you’ll put theory into practice by developing your numerical and computational skills to implement financial models. These are the skills you’ll need to work for a financial institution.

The course has an emphasis on:

• the modelling of the dynamics of financial assets, both in equity markets and in fixed-income markets
• the pricing and hedging of options and other derivatives
• the quantification and management of financial risk.

The course will give you a balanced mixture of advanced mathematics (including modern probability theory and stochastic calculus), modern finance theory (including models for derivatives, interest rates, foreign exchange, equities, commodities, and credit), and computational techniques.

Careers and your future

You’ll be qualified to pursue a job in a number of different areas of financial modelling and risk management in the financial services industry, with employment prospects in banks, asset management firms, hedge funds, pension funds, insurance and re-insurance companies, exchanges, corporate and sovereign treasuries, financial consultants, financial software developers, financial regulators, financial publishing houses, and companies specialising in the analysis and distribution of financial information and data. There is also a demand in financial institutions for well qualified mathematically literate graduates with higher degrees for positions in the trading, structuring and marketing of financial products.

Information for international students

English language requirements

• IELTS: 6 (min 5.5 in all areas)
• Pearson: 51 (51 in all subscores)
• BrunELT: 60% (min 55% in all areas)

Fees and funding

Learn more at the postgraduate funding page.