MSc in Mathematical Finance

The depth of the mathematics taught in our Mathematical Finance MSc programme should equip you with the skills needed to succeed within the finance sector. It will also enable you to pursue a research career in stochastic analysis, financial mathematics and other relevant areas.

Our Mathematical Finance MSc programme is designed to provide you with the strong mathematical skills, computational techniques and finance background necessary to work in the finance sector. It could also open up careers in investment banking, hedge funds, insurance companies and the finance departments of large corporations.

Drawing on the expertise within our department of Mathematical Sciences, you will undertake core modules in stochastic analysis and measure theory, while also choosing optional modules covering wide-ranging topics of interest, including corporate finance, functional analysis and asset management.

In addition, the 14 weeks at the end of the programme are devoted to an individual project which you will complete under the supervision of your departmental supervisor.

As a student, you will benefit from our computing laboratory which boasts a dedicated IT team to help you with any computing queries. You will also benefit from the £4 million refurbished department of Mathematical Sciences building which has a spacious student activity area and dedicated state-of-the-art resources.

What makes this programme different?

• Underpinned by the latest research and best practice

• Located in a £4 million refurbished Mathematics building

• 14-week individual project

• Computing laboratory with dedicated IT team

Who should study this programme?

Mathematical Finance MSc is aimed at those students wishing to develop their mathematical skills, computational techniques and knowledge of finance to lead to employment in a range of finance sectors such as investment banks, hedge funds, insurance companies and the finance departments of large corporations where mathematics plays a key role.

Entry requirements

An honours degree (2:1 or above) or equivalent overseas qualification in a subject with a high mathematical content.

English Language Requirements

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component.

What you'll study

Our Mathematical Finance MSc aims to deliver a postgraduate curriculum which provides you with a solid foundation in the core areas of mathematics relevant to industry and inspires you to meet your own aspirations, interests and educational needs.

Modules

Mathematical Finance MSc covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Compulsory modules

• Introduction to Measure Theory and Martingales - 15 credits

• Stochastic Models in Finance - 15 credits

• Stochastic Calculus and Theory of Stochastic Pricing - 15 credits

• Research Project (summer)

Optional modules

• Programming and Numerical Methods - 15 credits

• Regular and Chaotic Dynamics - 15 credits

• Financial Economics - 15 credits

• Functional Analysis - 15 credits

• Elements of PDEs - 15 credits

• Lie Groups and Lie Algebras - 15 credits

• Static and Dynamic Optimisation - 15 credits

• Asset Management and Derivatives - 15 credits.

• Corporate Finance - 15 credits

Future career prospects

Mathematical Finance MSc may lead to a wide range of employment within the industry, the financial sectors, and research establishments. It may also provide an ideal background for postgraduate research in Stochastic analysis, probability theory, mathematical finance and other relevant areas.