MSc Financial Mathematics 2017

Explore the mathematical and statistical methods relevant to financial markets

Students working at computers

Key facts

Start date:
September 2017
12 months full time
Entry requirements:
A bachelor degree with a 2:1 (hons) in a related subject. Full entry requirements.
Language requirements:
IELTS 6.5 overall, with no less than 6.0 in any component Full language requirements.
UK/EU fees:
£13,250 (total)
International fees:
£23,250 (total)
View previous year of entry

This Masters degree provides you with knowledge of advanced finance concepts, whilst developing your quantitative, mathematical and research skills.

Taught by experienced academics based in both Leeds University Business School and the School of Mathematics, you’ll cover key topics including financial derivative pricing, discrete and continuous time models, risk management and portfolio optimisation, as well as statistical methods for finance.

You will be equipped with a rare combination of mathematical skills and the latest business finance knowledge, which is highly sought after in the financial sector by banks, investment and consultancy companies. It’s also excellent preparation if you’re interested in pursuing further academic research.

This course is ideal if you’ve previously studied finance, economics, mathematics, physics or computing, and are interested in applying your skills to financial markets.

Academic excellence

As a student, you will be able to access the knowledge of our advanced specialist research units, which also have strong links with leading institutions in the US, Europe and Asia. These include the Centre for Advanced Study in Finance (CASIF), the Institute of Banking and Investment (IBI) and the Credit Management Research Centre (CMRC).

This research makes an important contribution to your learning on the MSc Financial Mathematics; you will benefit from a curriculum that is informed by the latest knowledge and critical thinking.

You will also benefit from our strong relationships with the finance, credit and accounting professions. This provides a connection to the latest practitioner and policy developments, giving you a masters degree that is relevant to the contemporary environment.

Course content

In your first semester you’ll develop a broad understanding of corporate finance and how financial theory relates to practice in business and financial markets. This will put your mathematical studies into context while you develop your skills in applied statistics and probability, optimisation methods and discrete time finance.

You’ll build on these skills in topics such as continuous time finance, risk management and computational methods. You’ll also gain specialist knowledge in topics that suit your career ambitions such as risk and insurance, actuarial science and behavioural finance.

The programme will improve your research skills and allow you to study different research methodologies, including those employed by our own leading academics. This will prepare you for your dissertation – an independent research project on a topic of your choice that you’ll submit by the end of the year.

Course structure

These are typical modules/components studied and may change from time to time. Read more in our Terms and conditions.

  • Compulsory modules

  • You’ll take nine compulsory modules including your dissertation.
  • Corporate Finance15 credits
  • Financial Mathematics Studies Dissertation30 credits
  • Applied Statistics and Probability15 credits
  • Discrete Time Finance15 credits
  • Continuous Time Finance15 credits
  • Research Methods in Financial Mathematics15 credits
  • Risk Management15 credits
  • Computations in Finance15 credits
  • Optimisation Methods for Finance15 credits
  • Optional modules

  • You'll also take two optional modules.
  • Security Investment Analysis15 credits
  • Portfolio Risk Management15 credits
  • Behavioural Finance15 credits
  • Financial Derivatives15 credits
  • International Investment15 credits
  • Models in Actuarial Science15 credits

For more information on typical modules, read Financial Mathematics MSc in programme catalogue

Learning and teaching

We use a variety of teaching and learning methods to help you make the most of your studies. These will include lectures, seminars, workshops, online learning and tutorials. Independent study is also vital for this course allowing you to prepare for taught classes and sharpen your own research and critical skills.

In addition to the assessed modules and research dissertation, you benefit from professional training activities and employability workshops. Thanks to our links with major companies across the business world, you can also gain a practical understanding of key issues.

Recent activities have included CV building and interview sessions, professional risk management workshops and commercial awareness events. For example, students have developed their knowledge of financial markets through a one-week trading simulation. Read more about professional development activities for postgraduate finance students.


Assessment methods emphasise not just knowledge, but essential skills development too. They include formal exams, group projects, reports, computer simulation exercises, essays and written assignments, group and individual presentations.

This diversity enables you to develop a broad range of skills as preparation for professional life.

Applying, fees and funding

Entry requirements

A bachelor degree with a 2:1 (hons) in a related subject such as finance, economics, mathematics, physics, computing or engineering.

International qualifications

We accept a range of international equivalent qualifications.

English language requirements

IELTS 6.5 overall, with no less than 6.0 in any component. For other English qualifications, read English language equivalent qualifications.

Improve your English

If English is not your first language, you may be able to take a pre-sessional course before you begin your studies. This can help if you:

  • don't meet the English language requirements for your course or
  • want to improve your understanding of academic language and practices in your area of study.

Our pre-sessional courses are designed with a progression route to the degree programme and are tailored to the subject area. For information and entry requirements, read Language for Economics and Finance (6 weeks) and Language for Business: Economics and Finance (10 weeks).

How to apply

Application deadlines:

International: 31 March 2017

UK/EU: 31 August 2017


This link takes you to information on applying for taught programmes and to the University's online application system.
If you're unsure about the application process, contact the admissions team for help.

Documents and information you need

  • A copy of your degree certificate and transcript, or a partial transcript if you’re still studying
  • Two academic references
  • A personal statement
  • An up-to-date CV
  • Evidence of your English language qualifications, if English is not your first language
  • A letter of sponsorship, if you need one.

Read about visas, immigration and other information in International students. We recommend that international students apply as early as possible to ensure that they have time to apply for their visa.

Admissions policy

Leeds University Business School Taught Postgraduate Admissions Policy


UK/EU: £13,250 (total)

International: £23,250 (total)

For fees information for international taught postgraduate students, read Masters fees.

Read more about paying fees and charges.

Additional cost information

There may be additional costs related to your course or programme of study, or related to being a student at the University of Leeds. Read more about additional costs

Scholarships and financial support

If you have the talent and drive, we want you to be able to study with us, whatever your financial circumstances.

We award a range of scholarships to UK, EU and international students. Scholarships are available to candidates who can demonstrate an excellent academic record and show excellent professional and personal skills.

There are several scholarships available for this course that you may be eligible to apply for, including:

  • Masters in Accounting and Finance International Excellence Scholarship – apply by 30 April 2017
  • Masters in Accounting and Finance UK/EU Excellence Scholarship – apply by 31 July 2017

Read more about scholarships and how to apply.

Career opportunities

You have various opportunities open to you as a Financial Mathematics graduate, including: quantitative analysis, risk management, investment banking, financial consultancy, insurance, accounting and academia.

Previous graduates have gone on to secure employment with Allianz (London), AstraZeneca, Barclays, Cathay Life Insurance, CITIC Group, Commerzbank, Deloitte, First Direct, Gaz de France, HSBC, KPMG, Moody’s, PricewaterhouseCoopers, Royal Bank of Scotland, RSA and UK Government Actuary’s Department.

Careers support

We help you to achieve your career ambitions by providing professional development support and training as part of the course. You benefit from the support of a professional development tutor, who will work with you to develop the important professional skills that employers value.

Read more about our careers and professional development support.

The University of Leeds Careers Centre also provides a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.

I especially enjoyed the teaching and combination of subjects... it specialised in the areas I was interested in. I found the mathematics brush-up module very useful in the first semester.

Ida Andreasen, Denmark
MSc Financial Mathematics
View full profile

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