University of Essex
This course seeks to equips students with the core concepts and mathematical principles of modern quantitative finance, plus the operational skills to use computational packages (mainly Matlab) for financial modelling. In addition to traditional topics in derivatives and asset pricing, we place a special emphasis on risk management in non-Gaussian environments with extreme events. Students have the opportunity to study methods of non-linear and evolutionary computational methods for derivatives pricing and portfolio management and to graduate with an understanding of the use of artificial financial market environments for stress testing, and the design of auctions and other financial contracts.
Our applicants should have a 1st, 2.1 or high 2.2 degree, or equivalent, in a relevant subject. If English is not your 1st language, then we require IELTS 6.0 or equivalent.
Core modules: Dissertation; financial engineering and risk management; introduction to financial market analysis; learning and computational intelligence in economics and finance; professional practice and research methodology; quantitative methods in finance and trading; big-data for computational finance; industry expert lectures in finance; mathematical research techniques using Matlab; programming in Java. Optional modules include: Artificial neural networks; high frequency finance and empirical market microstructure; machine learning and data mining; mathematical research techniques using Matlab; programming in Java; trading global financial markets.
Combination of written coursework, end-of-term tests, practical and laboratory work (where appropriate) and end-of-year exams. During the summer, you will work on a dissertation or individual project included in your final grade.
Research council funding and some University of Essex studentships available.
|Qualification||Study mode||Fee||Course duration|
|MSc||Full-time||£ 10,815 per Academic year (home fees)||12 months|
|MSc||Full-time||£ 13,950 per Academic year (overseas fees)||12 months|
|MSc||Part-time||£ 5,250 per Academic year (home fees)||24 months|
|MSc||Part-time||£ 7,475 per Academic year (overseas fees)||24 months|
|Campus name||Town||Postcode||Region||Main campus||Campus||Partner|
|Colchester Campus||Colchester||CO4 3SQ||South East|
Graduate Administrator, Centre for Computational Finance and Economic Agents