倫敦國(guó)王學(xué)院

Overview

Our Financial Mathematics MSc enables graduates and professionals with a strong mathematical background to research, develop and apply quantitative and computational techniques to investment and risk management. Based in the Department of Mathematics, this course has a superb reputation for research-led teaching and strong links to industry, including regular internships with industry partners such as Santander and Deutsche Bank.

Course detail

Financial Mathematics studies problems of financial decision by combining various techniques from pure and applied mathematics. This course covers a diverse range of topics, from classical options pricing theory to post-crisis financial mathematics on optimal hedging, investment and risk management. Like any branch of applied mathematics, financial mathematics analyses a given problem by first building a mathematical model for it and then examining the model. Both steps require detailed knowledge in different areas of mathematics, including probability, statistics, optimisation, computer science and many more traditional fields of mathematics. Our Financial Mathematics MSc is a unique course that encompasses the essential skills required for successful risk management, trading and research in quantitative finance: probability, statistics, optimisation, computing and financial markets. You will explore probability theories, risk neutral valuation, stochastic analysis as well as interest rate and credit risk modules. We also offer you the opportunity to study an additional zero-credit supportive module called mathematical analysis for financial mathematics.

Teaching and assessment

We use lectures, seminars and group tutorials to deliver most of the modules on the course. You will also be expected to undertake a significant amount of independent study. You are expected to spend approximately 10 hours work per credit for each module you attend in your degree, e.g. 150 hours work for a 15 credit module. These hours cover every aspect of the module. The primary method of assessment for this course is a combination of written examinations, essays, coursework, individual or group projects, class tests and oral presentations.

Career prospects

Our graduates are highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms, and trading companies. Recent employers of our graduates include Capital Investment, Credit Suisse, European Bank for Reconstruction & Development, Fitch Ratings, HSBC and Morgan & Stanley. Some graduates have chosen to pursue research degrees in financial mathematics.