MSc Financial Mathematics 2016/17

Explore the mathematical and statistical methods relevant to financial markets

Students working at computers

Key facts

Start date:
September 2016
Duration:
12 months full time
Entry requirements:
A bachelor degree with a 2:1 (hons) in a relevant 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:
£12,750
International fees:
£21,500
Overview

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

Taught by world-leading 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.

Combining the latest financial knowledge with sound mathematical methods, you’ll gain skills and knowledge that are highly sought after in the financial sector, particularly by banks, investment and consultancy companies. It’s also excellent preparation if you’re interested in pursuing further 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

You will be taught by leading academics and practitioners from the Business School’s Accounting and Finance department and the School of Mathematics at the University of Leeds. You’ll learn from leading academics based in both schools, giving you access to world-class expertise in both areas. Leeds University Business is ranked in the world's Top 50 for Masters in Finance (Financial Times 2015)

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).

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.

You’ll study all nine compulsory modules below, as well as two optional modules.

Compulsory modules
Optional modules
- Corporate Finance
- Applied Statistics and Probability
- Discrete Time Finance
- Continuous Time Finance
- Research Methods in Financial Mathematics
- Risk Management
- Computations in Finance
- Optimisation Methods for Finance
- Dissertation
- Security Investment Analysis
- Portfolio Risk Management
- Behavioural Finance
- International Investment
- Financial Derivatives
- Models in Actuarial Science

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.

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 field trips to various corporate headquarters, 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 about professional development activities.

Assessment

You’ll be assessed using methods such as exams, project work, presentations, reports and essays. 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 relevant subject such as accounting, finance, economics, mathematics, physics or computing.

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:

UK/EU: 31 August 2016

International: 30 June 2016

Apply

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 2016 Taught Postgraduate Admissions Policy

Fees

UK/EU: £12,750

International: £21,500

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

Read more about paying fees and charges.

Scholarships and financial support

We award a range of scholarships to UK/EU and international students. There are several scholarships available for this programme that you may be eligible to apply for. Scholarships are available to candidates who can demonstrate an excellent academic record and show excellent professional and personal skills. Find out more about scholarships.

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 as part of the Masters programme. You benefit from our dedicated 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.

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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