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Financial Mathematics MSc

London, Bloomsbury

The financial services industry places 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.

UK students International students
Study mode
UK tuition fees (2023/24)
£14,100
£7,050
Overseas tuition fees (2023/24)
£38,300
£19,150
Duration
1 calendar year
2 calendar years
Programme starts
September 2023
Applications accepted
All applicants: 17 Oct 2022 – 31 Mar 2023

Applications open

Apply for this course

Entry 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.

The English language level for this programme is: Level 1

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level. International Preparation Courses

Further information can be found on our English language requirements page.

Equivalent qualifications

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below. Please note that the equivalency will correspond to the broad UK degree classification stated on this page (e.g. upper second-class). Where a specific overall percentage is required in the UK qualification, the international equivalency will be higher than that stated below. Please contact Graduate Admissions should you require further advice.

About this degree

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.

Who this course is for

The programme is suitable for applicants with a first degree in mathematics sciences, engineering, finance or economics who wish to gain the skills necessary for a career or further research in this field. Evidence of ability in key areas of applied mathematics is required.

Read about what it takes to study for a Master's at UCL

What this course will give you

UCL Mathematics is an internationally renowned department (top 20 THE World University Rankings 2022) which carries out excellent individual and group research applying modelling techniques to problems in financial, industrial, biological and environmental areas.

The department hosts a stream of distinguished international visitors. In recent years four staff members have been elected fellows of the Royal Society, and the department publishes the highly-regarded research journal Mathematika.

A notable aspect of this applied Master's programme is that students will be educated to an advanced level in statistics and computing.

Read about what you'll get out of a graduate programme

The foundation of your career

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

Employability

This programme provides graduates with the skills and knowledge for a wide range of career prospects, particularly in the financial services industry, which requires quantitative finance professionals who are able to analyse data, to programme, and who are experts in mathematics and computational statistics.

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.

Each taught component corresponds to approximately 30 hours of lectures.

Modules

The course is equivalent to 180 UCL credits. The programme normally consists of 4 compulsory components (60 credits), 4 optional components (60 credits), plus an individual project (60 credits).

Part-time students will follow the same timetable as full-time students, just taking 2 modules per term across 2 years.

Compulsory modules







Optional modules









Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability are subject to change. Modules that are in use for the current academic year are linked for further information. Where no link is present, further information is not yet available.

Students undertake modules to the value of 180 credits. Upon successful completion of 180 credits, you will be awarded an MSc in Financial Mathematics.

Accessibility

Details of the accessibility of UCL buildings can be obtained from AccessAble accessable.co.uk. Further information can also be obtained from the UCL Student Support & Wellbeing team.

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Online - Open day

Graduate Open Events: UCL Mathematics

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Join our Virtual Graduate Open Event to learn more about our range of Master's programmes, how our programmes are taught, and what it's like to study at UCL Mathematics. In these online sessions, you'll have the opportunity to hear from academic staff and ask any questions you might have about studying at UCL. Please see the booking form for more details.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time Part-time
Tuition fees (2023/24) £14,100 £7,050
Tuition fees (2023/24) £38,300 £19,150

The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Where the programme is offered on a flexible/modular basis, fees are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees.

Additional costs

All full-time students are required to pay a fee deposit of £2,000 for this programme. All part-time students are required to pay a fee deposit of £1,000.

There are no programme-specific costs.

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.

Funding your studies

All information about tuition fees can be found on the UCL Fees and Funding page: https://www.ucl.ac.uk/students/fees-and-funding UCL offers a range of financial awards aimed at assisting both prospective and current students with their studies: https://www.ucl.ac.uk/scholarships/funding-students-postgraduate-taught-courses#scholarships

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

See all the ways you can fund your studies

Brown Family Bursary

Deadline: 8 June 2023
Value: £15,000 (1 year)
Criteria Based on both academic merit and financial need
Eligibility: UK

Next steps

Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

There is an application processing fee for this programme of £90 for online applications and £115 for paper applications. Further information can be found at Application fees.

When we assess your application we would like to learn:

  • why you want to study Financial Mathematics at graduate level
  • why you want to study Financial Mathematics at UCL
  • what particularly attracts you to this programme
  • how your academic background meets the demands of a challenging programme
  • where you would like to go professionally with your degree

Together with essential academic requirements, the personal statement is your opportunity to illustrate whether your reasons for applying to this programme match what the programme will deliver.

Please note that you may submit applications for a maximum of two graduate programmes (or one application for the Law LLM) in any application cycle.

Choose your programme

Please read the Application Guidance before proceeding with your application.

Year of entry: 2023-2024

Apply for this course

Got questions? Get in touch

Mathematics
Mathematics

maths.mscteaching@ucl.ac.uk

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