University of Reading

University of Reading

Financial Engineering

The MSc Financial Engineering degree is taught by the combined expertise of both the ICMA Centre and the Department of Mathematics, and is highly respected by quantitative analysts and their employers. The credit crunch and subsequent events have emphasised the need to develop better pricing and better hedging models for all complex products. The practical and quantitative skills that you will develop on the programme will equip you to meet this challenge. Our compulsory modules provide a firm grounding in probability theory, stochastic calculus, derivatives pricing, quantitative and numerical methods, structuring products, volatility analysis, and the modelling of credit, equity, foreign exchange and interest rate derivatives. We also provide thorough training in C++ and other programming tools. Optional modules will allow you to focus on risk analysis, portfolio management, designing trading strategies or econometric analysis. This newly structured degree aims to further enhance the strong reputation of its precursor - the MSc in Financial Engineering and Quantitative Analysis, which was established back in 1999. A good background in mathematics is required for acceptance to this programme. Utilise the ICMA Centre's affiliations with international financial organisations, including the International Capital Market Association in Zurich and Thomson Reuters. Experience world-class student facilities, including over 100 state-of-the-art trading simulation terminals supported by Thomson Reuters and Bloomberg, and equipped with the latest trading technology and software. Benefit from being part of Henley Business School, the world renowned, triple-accredited leader in business education and become part of its 70,000-strong alumni network that spans over 150 countries. **Careers** Many of our financial engineering graduates are now working as Quants in large London banks and other financial institutions. Others have pursued PhDs and have successful academic careers. Financial instruments are becoming ever more sophisticated, so graduates that understand complex modelling techniques are always in great demand. The high quantitative content of this programme opens many doors to a wide range of careers. You could structure and develop new debt or equity solutions to meet clients funding and hedging needs, or you could become a proprietary trader in exotic derivatives, or a software specialist or a quantitative analyst supporting the traders. There are excellent opportunities on the buy-side, with hedge funds and investment institutions, as well as in investment banking and in software analytics. Opportunities in quantitative research, or with a rating agency, are among the many other attractive alternatives. Outside of mainstream banking and investment, you might also consider firms involved in commodity and energy trading, or the treasury divisions of leading multinationals and management consultancies. **Modules** - Stochastic calculus and probability - Derivatives modelling - Advanced derivatives modelling - C++ for financial engineering - Numerical methods for financial engineering

Entry requirements

MSc: You are normally required to have a good first or second class honours degree (or equivalent from a university outside the UK) in a quantitative discipline, for example mathematics or engineering, with a very good existing level of numeracy. IELTS: 7.0 overall with no element less than 6.0 (or equivalent).

Course modules

* Stochastic calculus and probability * Derivatives modelling * Advanced derivatives modelling * C++ for financial engineering * Numerical methods for financial engineering

Qualifications

Qualification Study mode Start month Fee Course duration
MSc Full-time September 2019 16,500 per Whole course (Channel Islands) 9 Months
MSc Full-time September 2019 16,500 per Whole course (England) 9 Months
MSc Full-time September 2019 16,500 per Whole course (EU) 9 Months
MSc Full-time September 2019 16,500 per Whole course (Scotland) 9 Months
MSc Full-time September 2019 23,750 per Whole course (International) 9 Months
MSc Full-time September 2019 16,500 per Whole course (Wales) 9 Months
MSc Full-time September 2019 16,500 per Whole course (Northern Ireland) 9 Months
MSc Full-time September 2019 16,500 per Whole course (Scotland) 12 Months
MSc Full-time September 2019 16,500 per Whole course (Wales) 12 Months
MSc Full-time September 2019 23,750 per Whole course (International) 12 Months
MSc Full-time September 2019 16,500 per Whole course (England) 12 Months
MSc Full-time September 2019 16,500 per Whole course (Channel Islands) 12 Months
MSc Full-time September 2019 16,500 per Whole course (EU) 12 Months
MSc Full-time September 2019 16,500 per Whole course (Northern Ireland) 12 Months

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Henley Business School RG9 3AU South East

Get in touch

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Key information

Contact: 
Postgraduate Admissions
Telephone number: 
01183785289