Birkbeck, University of London

Birkbeck, University of London

Financial Engineering

This Master's degree in financial engineering offers advanced training in the quantitative skills used in modern financial institutions, including, most notably, valuation of securities and the measurement and management of portfolio risks. Training is provided in programming, numerical methods and statistics, and you will be given a grounding in pricing and risk management techniques.

A key feature is our emphasis on computational methods and the practical implementation of the pricing and risk management techniques you will learn. You will complete modules in programming, numerical methods and financial statistics, and most of the modules are illustrated by computer examples.

Economics and finance at Birkbeck have acquired an excellent reputation, not only for our research but also for the high quality of our professional training. Employers recognise the calibre of Birkbeck graduates in economics and finance. We take students who are determined to succeed and are prepared to undergo the rigours of a first-class training, whether they are studying full-time or part-time. We aim to produce world-class graduates who have a proven record of success in a challenging learning environment.

Entry requirements

A good upper 2nd-Class degree or above (normally in a quantitative discipline such as physics, engineering, statistics or mathematics), or an equivalent qualification; or merit pass in Birkbeck's Graduate Diploma in financial engineering. Students who have completed highly quantitative economics degrees will also be eligible. Substantial relevant work experience may be taken into account. You will need to have a strong background in mathematics and statistics, although we will provide additional instruction in necessary mathematical material. Demonstrable qualities, such as good time management and the ability to cope under pressure, are vital. Non-EU students are encouraged to submit GRE or GMAT results. In some cases, the admissions tutor may request these results in order to make a decision on your application. In that case, you should upload your score report to the online application system as if it were an additional transcript page. If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.

Course modules

Full-time core modules:

Dissertation MSc Financial Engineering;
Financial Econometrics;
Mathematical and Numerical Methods;
Pricing;
Quantitative Techniques .

Part-time Year 1 core modules:

Financial Econometrics;
Mathematical and Numerical Methods;
Quantitative Techniques .

Part-time Year 2 core module:

Pricing .

Option modules:

Commodities and Commodities Derivatives, Computational Methods for Commodities;
Mathematical Risk Management .

MSc Financial Engineering dissertation.

Assessment methods

Coursework and examinations. Full-time students must submit a 6000-word dissertation by the end of August; part-time students at the end of Year 2.

Qualifications

Qualification Study mode Start month Fee Course duration
MSc Full-time October 2016 GBP 17,725 per Year 1 (EU) 1 years
MSc Full-time October 2016 GBP 17,725 per Year 1 (England) 1 years
MSc Full-time October 2016 GBP 18,325 per Year 1 (International) 1 years
MSc Full-time October 2016 GBP 17,725 per Year 1 (Northern Ireland) 1 years
MSc Full-time October 2016 GBP 17,725 per Year 1 (Scotland) 1 years
MSc Full-time October 2016 GBP 17,725 per Year 1 (Wales) 1 years
MSc Part-time evening October 2016 GBP 8,875 per Year 1 (EU) 2 years
MSc Part-time evening October 2016 GBP 8,875 per Year 1 (England) 2 years
MSc Part-time evening October 2016 GBP 9,175 per Year 1 (International) 2 years
MSc Part-time evening October 2016 GBP 8,875 per Year 1 (Northern Ireland) 2 years
MSc Part-time evening October 2016 GBP 8,875 per Year 1 (Scotland) 2 years
MSc Part-time evening October 2016 GBP 8,875 per Year 1 (Wales) 2 years
MSc Full-time October 2017 - 1 years
MSc Part-time October 2017 - 2 years

Campus details

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

Get in touch

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Key information

Contact: 
Department of Economics, Mathematics and Statistics
Telephone number: 
020 7631 6429