We use cookies to ensure the best user experience and to serve tailored advertising. To learn more about our cookies and how to manage them, please visit our cookie policy

I AGREE
Close icon

Personalise what you see on this page.

Choose from the options below. We'll show you information based on your current location as default.

I'M FROM

  • United States
Please select so we can show the most relevant content.

LIVING IN

  • United States
Please select so we can show the most relevant content.

LOOKING FOR

  • Undergraduate courses
Please select so we can show the most relevant content.
Viewing as a student from United States living in United States interested in Undergraduate courses

Course options

  • Qualification

    MSc - Master of Science

  • Location

    Brunel University London

  • Study mode

    Full time

  • Start date

    SEP

  • Duration

    1 year

Course summary

Overview

Financial mathematics builds on the application of advanced concepts in modern probability theory to enable market professionals to tackle and systematically resolve a huge range of issues in the areas of pricing, hedging, risk management, and market regulation.

On this course you’ll put theory into practice by developing your numerical and computational skills to implement financial models. These are the skills you’ll need to work for a financial institution.

The course has an emphasis on:

the modelling of the dynamics of financial assets, both in equity markets and in fixed-income markets
the pricing and hedging of options and other derivatives
the quantification and management of financial risk.

The course will give you a balanced mixture of advanced mathematics (including modern probability theory and stochastic calculus), modern finance theory (including models for derivatives, interest rates, foreign exchange, equities, commodities, and credit), and computational technique (GPU-based high-performance computing).

Course content

The programme offers six compulsory modules, taken by all, along with three elective modules from which you choose two modules. There are lectures, examinations and coursework in eight modules altogether, including the six compulsory modules. Additionally, all students complete an individual research project on a selected topic in financial mathematics, leading to the submission of a dissertation.

We aim to teach the key ideas in financial asset pricing theory from a modern perspective, using concepts and methods such as pricing kernels, market information filtrations, and martingale techniques. This replaces the more traditional but old-fashioned approach based on the historical development of the subject. At each stage of the course you’ll undertake a critical re-examination of the hypotheses implicit in any financial model, with a view to gaining a clear grasp of both its strengths and its limitations. You’ll learn high-performance computing and the techniques to implement financial models.

Careers and your future

You’ll be qualified to pursue a job in a number of different areas of financial modelling and risk management in the financial services industry, with employment prospects in banks, asset management firms, hedge funds, pension funds, insurance and re-insurance companies, exchanges, corporate and sovereign treasuries, financial consultants, financial software developers, financial regulators, financial publishing houses, and companies specialising in the analysis and distribution of financial information and data. There is also a demand in financial institutions for well qualified mathematically literate graduates with higher degrees for positions in the trading, structuring and marketing of financial products.

Tuition fees

Students living in United States
(international fees)

£ 19,280per year

Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.

University information

University image

Brunel University London

  • University League Table

    84th

  • Campus address

    Brunel University London, Kingston Lane, Uxbridge, Hillingdon, UB8 3PH, England

All new international students have guaranteed campus accommodation.
Pre-sessional English courses provide students with intensive English language training before the start of their academic studies.
Brunel offers more than 100 scholarships every year to help international students pay their fees and living costs.

Subject rankings

  • Subject ranking

    65th out of 103 4

    55th out of 72 3

  • Entry standards

    / Max 220
    107 49%

    72nd

    4
  • Graduate prospects

    / Max 100
    65 65%

    72nd

  • Student satisfaction

    / Max 5
    3.94 79%

    88th

    12
  • Entry standards

    / Max 236
    115 48%

    53rd

    6
  • Graduate prospects

    / Max 100
    71 71%

    56th

    2
  • Student satisfaction

    / Max 5
    4.00 80%

    53rd

    6

Is this page useful?

Yes No

Sorry about that...

HOW CAN WE IMPROVE IT?

SUBMIT

Thanks for your feedback!