14 MSc Programs in Economic Studies Finance Financial Mathematics 2024

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.