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MSc Computational Finance

UK

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COVID-19 update: This course will start online and continue on campus later. Read more

What will I learn?

Our MSc Computational Finance equips you with the core concepts and mathematical principles of modern quantitative finance, plus the operational skills to use computational packages (mainly Matlab) for financial modelling.

We provide practical, hands-on learning about how modern, highly computerised financial markets work, how assets should be priced, and how investors should construct a portfolio of assets. In addition to traditional topics in derivatives and asset pricing, we place a special emphasis on risk management in non-Gaussian environment with extreme events.

You master these areas through studying topics including:

  • Non-linear and evolutionary computational methods for derivatives pricing and portfolio management
  • Applications of calculus and statistical methods
  • Computational intelligence in finance and economics
  • Financial markets

You also graduate with an understanding of the use of artificial financial market environments for stress testing, and the design of auctions and other financial contracts.

Your future

We have an extensive network of industrial contacts through our City Associates Board and our alumni, while our expert seminar series gives you the opportunity to work with leading figures from industry.

Our recent graduates have gone on to become risk analysts and managers, asset managers, managing directors and CEOs at a range of global, national, and regional organisations, including HSBC, London Stock Exchange and Deutsche Bank.

Which department am I in?

Computer Science and Electronic Engineering

Study options

Full Time (1 year)

Tuition fees
£20,350.00 (US$ 24,549) per year
Fees will increase for each academic year of study.

This is a fixed fee

*Price shown is for indicative purposes, please check with institution

Application deadline

Expected August 2023

Start date

Expected October 2023

Venue

Colchester Campus

University of Essex,

Wivenhoe Park,

Colchester,

Essex,

CO4 3SQ, England

Entry requirements

For students from United States

The majority of our Postgraduate Taught Masters will consider applicants with GPA 2.50 from Bachelor degree.

For international students

We will consider applicants with a 2:2 degree in one of the following subjects: Computer science, Computer Engineering, Computer Networks, Computer Games, Computing, Software Engineering, Finance, Business, Economics, Physics, Mathematics AND one Maths module e.g., Mathematics, Calculus, Algebra, Differential equations. IELTS 6.0 overall with a minimum component score of 5.5, TOEFL IBT 76 overall with minimum component scores: listening 17, reading 18, writing 17, and speaking 20.

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

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About University of Essex

At Essex, students learn to think differently, find new ways of doing things and adopt new techniques for solving problems.

  • World-leading academics in a research-intensive environment
  • Foundation, undergraduate and postgraduate degrees
  • Flexible course structure, students study what matters to them
  • Internationally diverse university

Get in touch