University College London logo
  • Tuition Fee:
  • Local: $ 31.1k / 1 year
  • Foreign: $ 35.5k / 1 year
  • Languages of instruction:
  • English
  • Deadline:
  • 30 6월
  • StudyQA ranking:
  • 95pts.
  • Duration:
  • 1 year

    Photos of university

    The financial services industry place great emphasis on raising the level of mathematics used in banks in applications to pricing, hedging and risk management. This MSc provides students with the skills necessary in mathematics, statistics and computation for a career in this fast-developing field.

    Students will develop a detailed understanding of the application of mathematics, statistics and computation to problems in finance, and will gain the necessary practical tools for the pricing, hedging and risk management of a diverse range of financial products in several asset classes.

    Students undertake modules to the value of 180 credits.

    The programme consists of four core modules (60 credits) four optional modules (60 credits) and a research dissertation (60 credits).

    A Postgraduate Diploma will be offered to the students that have completed 8 taught modules (120 UCL credits).

    A Postgraduate Certificate will be offered to the students that have completed 4 taught modules (60 UCL credits).

    Core modules

    • Asset Pricing in Continuous Time
    • Forecasting
    • Interest Rates and Credit Modelling
    • Quantitative and Computational Finance

    Optional modules

    Four modules must be chosen from the following list.

    • Applied Computational Finance
    • Equities, Foreign Exchange and Commodities Modelling
    • Market Risk, Measures and Portfolio Theory
    • Mathematics and Statistics of Algorithmic Trading
    • Numerical Analysis for Finance
    • Probability
    • Statistical Inference
    • Stochastic Processes
    • Quantitative Modelling of Operational Risk and Insurance Analytics

    Dissertation/report

    All MSc students undertake an independent research project, which culminates in a research report of approximately 10,000 words.

    Teaching and learning

    The programme is delivered through a combination of lectures, practical classes, tutorials and problem-solving exercises. Assessment is through written papers, coursework, examinations and the research report and presentation.


    UK requirements for international applications

    Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).

    Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.

    All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.


    program_requirements

    A minimum of an upper second-class Bachelor's degree in a relevant discipline from a UK university or an overseas qualification of an equivalent standard.

    Scholarships relevant to this department are displayed below.

    Edwin Power Scholarship

    Value:

    £400 (1 year)

    Eligibility:

    UK, EU, Overseas students

    Criteria:

    Based on academic merit

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