Master of Science [M.Sc] (Mathematical Finance)
£27,698/Yr
The market for postgraduate training in quantitative finance is evolving, with a change in the skillset that employers demand. The Mathematical Finance programme at Birkbeck, University of London 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.
Students 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. Students will complete modules in programming, numerical methods and financial statistics, and many topics are illustrated by computer examples.
Highlights
- Many of college students work in the finance industry, which generates a lively atmosphere in class and ensures that students will be studying alongside committed, enthusiastic students with a wealth of experience.
- College teaching is informed by the latest research and by the needs of employers, so students will be taught by academics who are professional practitioners involved in the world of economics and international finance.
- College teaching is renowned for its high quality and college provide in-house training for government departments and City firms and banks, including the Treasury and the Bank of England.
- In the 2014 Research Excellence Framework (REF), more than half of college research outputs in Economics were ranked world-leading or internationally excellent.
- The Department ofÊEconomics, Mathematics and Statistics brings together research and teaching across economics and finance, mathematics and statistics in a single department, which creates significant interdisciplinary synergies.
Important Dates
Event | Application Date |
---|---|
Application Start Date | Oct 15, 2023 |
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | £27698 (GBP 27698) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must a bachelor's degree from an accredited college or university to get admission to this program.
- Students require a minimum GPA of 3 on a 4.0 scale for the program.
- Students should have a second-class honours degree (2:2) or above from a UK university, or overseas equivalent, in a quantitative subject such as mathematics, physics, statistics, economics or engineering.
- Students need merit or higher in a Graduate Diploma in economics, mathematics or statistics would be suitable.
Indian Student Eligibility:
Indian students are eligible to apply if they meet one of the following eligibility criteria:
- Students must complete a 4-year undergraduate degree with first class in a relevant field from a recognized institution.
- Students need to submit minimum GRE exam scores for a better chance of admission.
- Students are reviewed on their individual merits and professional qualifications and/or relevant work experience will be taken into consideration positively.
- Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
Scores Required
Required Document List
The following required documents are:
- Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Academic records: The marks statement provided by the education board after completion of the previous academic qualifications.
- Three Letter of Recommendation: A recommendation letter should include information about the student, their connection with the person they are recommending, why they are qualified, and the specific skills they have.
- Statement of Purpose - This is an essay or any written statement written by the student while applying.
- Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores and Successful applicants typically provide a score in the 50th percentile.
- Transcripts: Official transcripts from all educational institutions students have attended.
Course Guides
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VISA & Work Study
VISA
If students are not from the UK and they do not already have residency here, students may need to apply for a visa.
The visa students apply for varies according to the length of students course:
- Courses of more than six months' duration: Student visa
- Courses of less than six months' duration: Standard Visitor visa
International students who require a Student visa should apply for their full-time courses as these qualify for Student visa sponsorship. If students are living in the UK on a Student visa, they will not be eligible to enrol as a student on Birkbeck's part-time courses (with the exception of some modules).
Career and Placement after Course
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.
- Financial analyst
- Quantitative analyst
- Pricing analyst
- Internal auditor
- Market risk manager
- Asset/Liability manager
- Credit risk manager
Scholarship Grants & Financial Aids
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
National Overseas Scholarship | Scholarship per student£ 15,400/Yr$15,400 | Level Of StudyDoctorate | TypeNeed-Based | |
Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
ASID Foundation Legacy Scholarships | Scholarship per student£ 4,000/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
BrokerFish International student scholarship | Scholarship per student£ 1,000/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
Gyandhan Scholarship | Scholarship per student£ 1,222/Yr$1,222 | Level Of StudyMaster | TypeMerit-Based | |
QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based |
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