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What will I learn?

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 regulator 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 the 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 strong intellectual ability and be willing to work hard.

TEACHING

Teaching may include formal lectures, seminars, and practical classes and tutorials. Formal lectures are used in most degree programmes to give an overview of a particular field of study. They aim to provide the stimulus and the starting point for deeper exploration of the subject during your own personal reading. Seminars give you the chance to explore a specific aspect of your subject in depth and to discuss and exchange ideas with fellow students. They typically require preparatory study.

CAREERS AND EMPLOYABILITY

Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include financial risk analyst, economist, or purchasing manager. This degree can also be useful in becoming a management consultant or actuary.

Which department am I in?

Economics, Mathematics and Statistics

Study options

Full Time (1 year)

Tuition fees
£20,370.00 (US$ 22,690) per year
Students are charged a tuition fee in each year of their programme. Tuition fees for students continuing on their programme in following years may be subject to annual inflationary increases.

This is a fixed fee
Start date

Expected October 2022

Venue

Birkbeck, University of London

Malet Street,

Bloomsbury,

United Kingdom,

WC1E 7HX, England

Entry requirements

For students from United States

For entry onto a Master’s Degree, most US students would need to have completed a Bachelor’s degree with at least a 3.2 GPA (for courses requiring a 2:1); students from highly ranked institutions may also be considered with a GPA of 3.0/4.0. For courses requiring a 2:2, a GPA of 2.8 is required; The terms below are used to recognise students with particularly high GPAs: Cumulative GPA 3.9 (alternative name: Summa cum laude); Cumulative GPA 3.7 (alternative name: Magna cum laude); Cumulative GPA: 3.5 (alternative name: Cum laude). Applications are considered on an individual basis and students may be admitted to Master's programmes with a lower level degree if they have work experience relevant to the degree applied for.

For international students

The normal entry requirement is a second-class honours 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 standard, provided that their subsequent work experience and/or education and training is deemed to have brought them to an equivalent standard. 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.

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

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