Birkbeck, University of London

Birkbeck, University of London

Mathematics and Financial Modelling

This programme combines the study of mathematics at postgraduate level with a strong component of financial mathematics and modelling. The programme offers you the chance to study a range of modules in pure and applicable mathematics, as well as financial mathematics, thus giving you the opportunity to increase your knowledge and abilities in these areas. Depending on your choices, you will take between 6 and 8 modules, allowing you to study several different topics in depth, and to focus on the areas that interest you most. You will also learn key mathematical research skills and methods, including how to conduct a literature search, how to read mathematical papers, and how to communicate your ideas and findings, both in writing and orally. The second year of the programme includes a dissertation that allows you to engage in a sustained investigation of an area that interests you within statistics and/or finance, implementing what you have learned from the taught modules on the programme and combining this knowledge with new research and analysis.

Course modules

The programme comprises 120 credits of taught modules and a 60-credit dissertation. There are 2 core modules that you must pass to gain the MSc Mathematics and Financial Modelling: Mathematical and Numerical Methods, and Pricing. In Year 1, you usually take 75 credits of taught modules, including the coursework-only module Writing Mathematics, which teaches you to use the program LaTeX to produce mathematics documents. It is a 15-credit module, with 8 evenings of tutorials over the course of the year. Each of the other 15-credit modules run for 1 term and each 30-credit module runs for 2 terms. Other modules can be chosen from the list of options to suit your interests and expertise. You may take at most 30 credits of modules at Level 6, with the remaining 90 credits of modules at Level 7. The Programme Director can offer you advice on the most suitable choice of option modules, given your experience, prior study and future goals. In Year 2, you take 45 credits of taught modules, and you also complete a dissertation worth 60 credits. Year 1 core module: Mathematical and Numerical Methods. Year 2 core module: Pricing. Module Group Indicative Level 6 option modules for 2016-2017: Calculus 3: Transforms & Models; Computational Mathematics; Games, Choice & Optimization; Number Theory and Geometry. Indicative Level 7 option modules for 2016-2017: Algebraic Number Theory; Continuous Time Stochastic Processes I; Continuous Time Stochastic Processes II; Enumeration; Group Theory; Mathematical and Numerical Methods; Mathematics of Communications; Topics in Graph Theory; Writing Mathematics. Indicative Level 7 option modules for 2017-2018: Continuous Time Stochastic Processes I; Continuous Time Stochastic Processes II; Galois Theory; Linear Programming and Game Theory; Reflection Groups; Representation Theory; Topology; Writing Mathematics. MSc Mathematics and Financial Modelling dissertation: Mathematics Dissertation.

Assessment methods

A combination of coursework and examinations.

Sponsorship information

The government's new postgraduate loan scheme allows you to borrow up to £10,000 to cover the cost of your tuition fees, living costs or other study expenses - and you don't have to start repaying until 2019. Part-time students who are experiencing financial need may apply for assistance from the Birkbeck Alumni Fund Postgraduate Opportunity Bursary.

Qualifications

Qualification Study mode Start month Fee Course duration
MSc Part-time October 2018 GBP 5,975 per Year 1 (Home/EU) 2 Years
MSc Part-time October 2018 GBP 8,750 per Year 1 (International) 2 Years

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Bloomsbury Campus WC1E 7HX London

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