What will I learn?

About the course

The course provides you with a strong mathematical background with the skills necessary to apply your expertise to the solution of problems. You will develop skills to formulate mathematical problems that are based on the needs of the financial industry. You will carry out relevant mathematical and financial analysis, develop and implement appropriate tools to present and interpret model results.

The course lays the foundation for further research in academia or for a career as a quantitative analyst in a financial or other institution.

You will take four introductory courses in the first week. The introductory courses cover partial differential equations, probability and statistics, financial markets and instruments, and Python.

The first term focuses on compulsory core material, offering 64 hours of lectures and 24 hours of classes, plus one compulsory computing course offering 16 hours of lectures.

Assessment

The examination will consist of the following elements.

  • Three written examinations assessing the core material in the first and second terms
  • One written examination assessing elective material in the second term
  • Two take-home projects assessing one of the core courses in the first and one of the core courses in the second term
  • Two practical examinations assessing two courses in financial computing with C++
  • One dissertation in the third term.

Graduate destinations

MSc graduates have been recruited by prominent investment banks and hedge funds. Many past students have also progressed to PhD-level studies at leading universities in Europe and elsewhere.

Which department am I in?

University of Oxford

Study options

Full Time (10 months)

Tuition fees
£34,970.00 (US$ 46,260) Overall cost
Course fees are payable each year, for the duration of your fee liability (your fee liability is the length of time for which you are required to pay course fees). For courses lasting longer than one year, please be aware that fees will usually increase annually.

This is a fixed fee
Start date

Expected September 2022

Venue

University of Oxford

University Offices,

Wellington Square,

Oxford,

Oxfordshire,

OX1 2JD, England

Entry requirements

For international students

As a minimum, applicants should hold or be predicted to achieve the equivalent of the following UK qualifications. a first-class or strong upper second-class undergraduate degree with honours in mathematics or a related discipline. Applicants should have a background in probability, statistics, ordinary and partial differential equations, linear algebra and analysis. They must demonstrate their aptitude for, and knowledge of, mathematics, particularly in the area of real analysis, through their performance at interview. Applicants with undergraduate degrees that are not purely mathematical will still be expected to demonstrate they have sufficient knowledge to perform well on the course. For applicants with a degree from the USA, the minimum GPA sought is 3.6 out of 4.0. Applicants need to have an IELTS score of 7.5 with a minimum of 7.0 per component; TOEFL iBT score of 110 with a minimum component score of 22 in listening, 24 in reading, 24 in writing and 25 in speaking; Cambridge Certificate of Proficiency in English (CPE) - 191 with Minimum 185 per component; Cambridge Certificate of Advanced English (CAE) - 191 with Minimum 185 per component.

*There may be different IELTS requirements depending on your chosen course.

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