The market for postgraduate training in quantitative finance is evolving, with a change in the skillset that employers demand. Birkbeck's MSc Mathematical Finance offers advanced training in quantitative skills used in modern financial institutions, including most notably valuation of securities, and measurement and management of portfolio risks, enabling you to seek employment in financial institutions, including regulatory bodies.
You will be trained in programming, numerical methods and statistics, and given a grounding in pricing and risk management techniques. A key feature is an emphasis on computational methods and implementation of the pricing and risk management techniques learnt. You will complete modules in programming, numerical methods and financial statistics, and many topics are illustrated by computer examples.
The programme is demanding and challenging; applicants should have a strong intellectual ability and be willing to work hard.
You take two compulsory 30-credit modules - Mathematical and Numerical Methods and Quantitative Techniques - and complete a 30-credit dissertation. The dissertation allows you to pursue an empirical or theoretical study on a topic of your choice under the supervision of an academic within the Department.
You also choose option modules to a total of 90 credits, which can include any mathematics or finance option module at Level 7 from across the Department of Economics, Mathematics and Statistics subject to approval.
Four to five evenings a week full-time or two to three evenings a week part-time.
For entry on to the MSc Mathematical Finance, the normal requirement is at least a second-class degree from a UK university, or overseas equivalent, in a quantitative subject such as mathematics, physics, statistics, economics or engineering.
Alternatively, a merit or higher in a Graduate Diploma in economics, mathematics or statistics would be suitable. Work experience will be taken into account. Graduates from other disciplines such as computer science will be accepted if their degree contains a major quantitative element.
In some circumstances, students are admitted with a first degree that is less than the 2.1 standards, provided that their subsequent work experience and/or education and training is deemed to have brought them to an equivalent standard.
International Language Requirements
If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.
If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses, foundation programmes and language support services to help you improve your English language skills and get your place at Birkbeck.
Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.
Credits and Accredited Prior Learning (APL)
If you have studied at university previously, you may have accumulated credits through the modules you studied. It may be possible to transfer these credits from your previous study to Birkbeck or another institution. You should discuss this with the Programme Director when you are making your application.
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