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Compare 10 MScs in Financial Mathematics

If you’re detail-oriented, enjoy analyzing complex numeric data for market trends and have a penchant for numbers, a Master of Science (MSc) in Financial Mathematics might be the degree for you. Students who earn a master’s degree in this specialized field go on to secure and rewarding careers in both the public and private sector as well as academia.

So, what is an MSc in Financial Mathematics anyway? Simply put, it is the study of applied mathematics as it relates to financial markets. First, students study computational mathematics in order to form an understanding of financial theory. Initial coursework is designed around understanding the probabilistic nature of the financial world and culminates with students being able to provide quality market analysis and to measure derivatives of financial models.

There are myriad benefits of earning an MSc in Financial Mathematics, including mastery of financial markets, interpretation and statistical reasoning. Many MSc programs also offer internships at local or regional financial institutions, which give students a sense of the industry and allow for practical application of their skills. This real world experience before entering the job market is invaluable.

The cost of earning a master’s degree in this discipline varies by institution and by country. It’s important to contact an institution directly in order to assess all fees associated with the degree.

Those who earn an MSc in Financial Mathematics find employment as financial analysts or actuaries in private industry and government. Some find work in the stock market analyzing market trends and statistics. Others go on to work in academia and end up teaching themselves. A common denominator among recent graduates is that this highly focused degree makes them a qualified and desirable candidate to potential employers.

Students interested in pursuing an MSc in Financial Mathematics should begin the process by researching compatible programs by geographic area or by academic reputation. Our database is a good place to start honing in on top schools of your choice as well as to determine what pre-requisite degrees or coursework may be required. The sooner you start, the better prepared you will be to apply to a program. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.

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10 Results in Financial Mathematics

Department of Mathematics University of York - Online Programs

This distance learning programme builds on the strength and success of the campus-based taught MSc in Mathematical Finance at the University of York. The online MSc was l ... [+]

This distance learning programme builds on the strength and success of the campus-based taught MSc in Mathematical Finance at the University of York. The online MSc was launched in September 2009 to run alongside the campus-based programme.

Applications are invited for entry in February 2017 and September 2017. Candidates should submit their application at least 2 weeks before an intake is due to start.

An online Pre-sessional Programme is available for candidates who need to strengthen or consolidate their mathematics background before embarking on the MSc. Such candidates need to apply at least 3 months before an MSc intake is due to start. Admission to the pre-sessional course is at the discretion of the admissions tutor.... [-]

United Kingdom York
August 2020
Part-time
Online
Izmir University of Economics

Financial Mathematics is the branch of applied mathematics concerned with the financial markets. It overlaps heavily with the fields of financial engineering and computat ... [+]

Financial Mathematics is the branch of applied mathematics concerned with the financial markets. It overlaps heavily with the fields of financial engineering and computational finance. Arguably, all three terms are synonymous. The subject naturally has a close relationship with the discipline of financial economics, but financial mathematics is narrower in scope and more abstract. A central difference is that while a financial economist might study the structural reasons why a company may have a certain share price, a mathematician or financial engineer may take the share price as a given, and attempt to use stochastic calculus to obtain the fair value of derivatives of the stock.

Financial Mathematics is a flourishing area of modern science. Its numerous applications have become vital to the day to day functioning of the world’s financial institutions. As a consequence, a solid command of the principles and techniques of quantitative finance is essential for a responsible approach to the trading, asset management, and risk control of complicated financial positions.... [-]

Turkey Izmir
September 2019
Full-time
2 years
Campus
Charles University Faculty of Mathematics and Physics

This program provides theoretical and applied education in financial and insurance mathematics. A solid mathematical background provides the foundations for developing di ... [+]

This program provides theoretical and applied education in financial and insurance mathematics. A solid mathematical background provides the foundations for developing disciplines of mathematical modeling in the insurance and banking industries and other financial areas. The graduate is able to develop financial and insurance products and analyze their profitability and risk.

Description of verification and evaluation criteria

Conditions for Admission

The goal of the admissions review process is to select from the pool of applicants those individuals who have shown the capability and diligence expected of Charles University students. To apply for our Computer Science or Mathematics Master's programs given in English you must:... [-]

Czech Republic Prague
October 2019
Full-time
2 find your juris doctor
Campus
Middlesex University London

A combination of mathematics, statistics and computing, financial mathematics is a specialism vital to the day-to-day functioning of the world's economic institutions. Hi ... [+]

We strongly believe that the work you do must be relevant to the world of work - that's why our course has a strong practical slant. It also has the unusual and significant advantage of including from-scratch training in computer programming, allowing you to develop first-class computing skills alongside your mathematical expertise. You'll need a good degree in maths or a related subject like physics or engineering, but no prior knowledge of finance.

Course Highlights:

Our course combines a comprehensive grounding in the theory of financial mathematics with thorough practical training.

Our subscriptions to Bloomberg and Datastream allow you to work with real datasets.... [-]

United Kingdom London UK Online
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Full-time
Part-time
1 - 2 years
Campus
Xi'an Jiaotong-Liverpool University

The MSc Financial Mathematics programme provides you with advanced analytical training, quantitative knowledge and the practical skill sets required by modern financial i ... [+]

Overview

The MSc Financial Mathematics programme provides you with advanced analytical training, quantitative knowledge and the practical skill sets required by modern financial institutions. It aims to equip you with a solid education in financial analysis, risk management and financial engineering for a successful career in the finance and banking industries. It is heavily weighted towards advanced mathematics and programming modules designed with practical applications in mathematical and quantitative finance.Graduates of this programme, as with all XJTLU masters degrees, earn a University of Liverpool degree that is recognised by the Chinese Ministry of Education.

Why Should I Study Financial Mathematics at XJLTU? ... [-]
China Suzhou
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Full-time
18 months
Campus
New Jersey Institute of Technology

The Master of Science program in Mathematical and Computational Finance (MSMCF) provides students with the theoretical knowledge and practical methods and skills needed t ... [+]

Overview

The Master of Science program in Mathematical and Computational Finance (MSMCF) provides students with the theoretical knowledge and practical methods and skills needed to begin or enhance careers as quantitative analysts in the financial industry.

Objectives

The M.S in Mathematical and Computational Finance provides students with the theoretical knowledge as well as the practical methods and skills needed to begin or enhance careers as quantitative analysts in the financial industry. The program aims to provide the multidisciplinary foundations preparing quantitative analysts for this life-long development of skills and understanding.We expect that, as a student and/or graduate of the M.S. in Mathematical and Computational Finance program, you will exhibit the following:... [-]

USA Newark
September 2019
Campus
Loughborough University

The depth of the mathematics taught in our Mathematical Finance MSc programme should equip you with the skills needed to succeed within the finance sector. It will also e ... [+]

The depth of the mathematics taught in our Mathematical Finance MSc programme should equip you with the skills needed to succeed within the finance sector. It will also enable you to pursue a research career in stochastic analysis, financial mathematics and other relevant areas.

Our Mathematical Finance MSc programme is designed to provide you with the strong mathematical skills, computational techniques and finance background necessary to work in the finance sector. It could also open up careers in investment banking, hedge funds, insurance companies and the finance departments of large corporations.

Drawing on the expertise within our department of Mathematical Sciences, you will undertake core modules in stochastic analysis and measure theory, while also choosing optional modules covering wide-ranging topics of interest, including corporate finance, functional analysis and asset management.... [-]

United Kingdom Loughborough
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Full-time
Part-time
1 - 4 years
Campus
Birmingham Business School, University of Birmingham

This programme, taught jointly by the School of Mathematics and the Department of Economics, provides the skills that will enable technically able graduates (including in ... [+]

This programme, taught jointly by the School of Mathematics and the Department of Economics, provides the skills that will enable technically able graduates (including in mathematics, science and engineering) to apply their quantitative training to financial analysis.

In most cases, we expect that graduates from the Masters will take positions in quantitative analysis (or similar) in major financial institutions, such as in the City. The programme also prepares you to pursue further studies in academia.

Entry requirements

A good Honours first degree (or overseas equivalent) in Mathematics or a related numerate subject such as Physics or Engineering, or an appropriate Joint Honours degree in industrial mathematics.... [-]

United Kingdom Birmingham
August 2020
Full-time
Part-time
1 - 2 years
Campus
Warwick Business School

Join us to gain both a deep theoretical and conceptual knowledge of finance, together with the requisite high-level probability, statistics and mathematics, to enable you ... [+]

A challenging high-level mix of disciplines taught by three of the University’s top departments, Mathematics, Statistics and Warwick Business School.

Join us to gain both a deep theoretical and conceptual knowledge of finance, together with the requisite high-level probability, statistics and mathematics, to enable you to undertake advanced quantitative modelling. Lab work will give you hands-on experience in using software packages for simulations and time series analysis, as well as learning C++ programming to enable you to price sophisticated derivative structures.

WBS benefits from excellent links to key financial institutions and employers and this course has benefited from recommendations following consultation with the Bank of England, Goldman Sachs, Merrill Lynch, and many of our alumni.... [-]

United Kingdom Coventry
August 2020
Full-time
12 months
Campus
University of Miami College of Arts and Sciences

Over the course of three semesters of study, the students in the program receive rigorous training in mathematics, especially in the area of probability and stochastic ca ... [+]

Master of Science in Mathematical Finance

Over the course of three semesters of study, the students in the program receive rigorous training in mathematics, especially in the area of probability and stochastic calculus, in statistical analysis, and in computation, together with an overview of the institutional operation of financial markets and exchanges. Courses cover a broad array of topics that prepare students to enter the worlds of finance, risk management, and financial computing.

About MSMF

The Master of Science in Mathematical Finance program is dedicated to producing technically trained professionals with an understanding of how to analyze and value complex investments, and assess the associated risks. Over the course of three semesters of study, the students receive rigorous training in mathematics, especially in the area of probability and stochastic calculus, in statistical analysis, and in computation, together with an overview of the common financial instruments and the institutional operation of markets and exchanges.... [-]

USA Miami
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Full-time
3 semesters
Campus