Brunel University London
The course guides students through to a mastery of the mathematical ideas underlying modern finance theory, along with the associated market structures and conventions, with emphasis on: (a) the modelling of financial assets, both in equity markets and in fixed-income markets; (b) the pricing and hedging of options and other derivatives; and (c) the quantification and management of financial risk; the programme provides a balanced mixture of advanced mathematics (probability theory, stochastic calculus), modern finance theory (derivatives, interest rates, foreign exchange), and computational technique (GPU-based high-performance computing).
A UK 1st or 2.1 Honours degree or equivalent internationally recognised qualification in maths; other related disciplines with a significant quantitative component (calculus and algebra) may be considered on an individual basis; other qualifications with relevant work experience may be considered and applicants may be required to attend an interview; applicants whose 1st language is not English require: ILETS 6 (with a minimum of 5.5 in all areas); TOEFL paper-based test 550 (with a minimum of 4 in the test of written English); TOEFL internet-based test 79 (with a minimum of 18 in reading, 17 in listening, 20 in speaking and 17 in writing); Pearson 51 (with a minimum of 51 in all subscores); or BrunELT 60 per cent (with a minimum of 55 per cent in all areas).
Modules include: Probability and stochastics; financial markets; option pricing theory; interest rate theory; financial computing 1; research project. Optional modules: portfolio theory; information in finance with application to credit risk management; mathematical theory of dynamic asset pricing; financial computing 2 (high performance computing); risk measures, preference and portfolio choice.
Assessment is by a combination of coursework, examination, and dissertation.
|Qualification||Study mode||Fee||Course duration|
|MSc||Full-time||£ 17,500 per Academic year (home fees)||1 years|
|Campus name||Town||Postcode||Region||Main campus||Campus||Partner|
|Brunel University London||Uxbridge||UB8 3PH||South East|
The Postgraduate Admissions Secretary