Why this course?
Globally, financial tools, products, and software are becoming increasingly complex and sophisticated. There's a demand for market-aware graduates who can demonstrate an understanding of mathematical models used in these products.
The MSc in Quantitative Finance – an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science – has been developed to address this need. The course has been designed so that students who have a strong aptitude for mathematics, statistics, and computing but who have not studied these topics in detail in their first degree can learn the necessary skills to move into the financial industry.
This course will prepare you for a career in financial engineering and risk management. Careers include roles as a hedge fund manager or financial analyst.
- a good understanding of financial theory and analysis
- an appreciation of financial markets
- a practical understanding of numerical methods in finance
- an introduction to programming for financial applications
- an understanding of the role of computers in business processes
What you’ll study
The curriculum provides a balance between finance and mathematical theory, computer implementations of this theory, and practical skills and knowledge.
Core classes are undertaken in the first semester, and address themes such as principles of finance and quantitative methods for finance, as well as foundation classes in mathematics, statistics, and computing science.
You may be able to undertake an industrial based MSc project. This takes place in the third semester of the course between June and September. The placement can be based in the UK or in another country and are typically paid internships. In 2014 we had students placed in banks in France and Malta.
The Department of Mathematics & Statistics has teaching rooms which provide you with access to modern teaching equipment and access to University computing laboratories with all necessary software available.
You'll also have access to a common room facility which gives you a modern and flexible area which can be used for individual and group study work and is also a relaxing social space.
An Honours degree, or overseas equivalent, in accounting, economics, engineering, business studies or a subject area with a strong quantitative element.
Applications are also welcome from those with appropriate professional qualifications, or those who can demonstrate relevant practical experience.
Financial tools, products, and software are becoming increasingly complex and sophisticated and there's a need for the finance industry to self-regulate as it witnesses unprecedented growth. Market-aware finance graduates, who understand the mathematical models used to develop these products and their computer implementations will be much in demand by international organizations.
Drawing on expert academic input from three departments – Accounting & Finance, Mathematics & Statistics, and Computer & Information Sciences – this one-year programme has been developed to prepare participants for careers within areas such as financial engineering and risk management, and for highly quantitative roles, such as hedge fund managers and financial analysts.
We also work closely with the University's Careers Service. They offer advice and guidance on career planning and looking for and applying for jobs. In addition, they administer and publicise graduate and work experience opportunities.