University of York

University of York

Mathematical Finance

This course allows students to develop skills and competence in mathematical finance which are of direct relevance in the field of work. Modules explore: investment banks; hedge funds; insurance companies; stock brokerage; unit trusts; pension funds; corporate finance departments; other financial institutions worldwide.

Entry requirements

Candidates are expected to have a good Honours undergraduate degree in a mathematics-based subject (in a widely understood sense, including certain degrees in science). If your undergraduate degree is in business, finance or economics with sufficiently strong mathematics background (equivalent to at least 2 years of university level mathematics courses), then we encourage you to apply also. We welcome students with recent degrees as well as those with work experience in related disciplines and professions.

Course modules

Mathematical methods of finance; discrete time modelling and derivative securities; stochastic calculus and Black-Scholes theory; modelling of bonds, term structure, and interest rate derivatives; mathematical finance dissertation; mathematical finance project. Optional modules: portfolio theory and risk management; C++ programming with applications in finance; survival analysis (M Level); computational finance; credit risk.

Assessment methods


Sponsorship information

A range of scholarships and studentships are available at postgraduate level. Some scholarships are funded by the University (such as the York Master's Opportunity Scholarship) and some are funded by Research Councils, alumni, businesses and charities. Please check with the provider for details.


Qualification Study mode Fee Course duration
MSc Full-time £ 18,620 per Academic year (home fees) 1 years
MSc Full-time £ 21,170 per Academic year (overseas fees) 1 years

Campus details

Campus name Town Postcode Region Main campus Campus Partner
University of York York YO10 5DD Yorkshire and the Humber

Key information

Postgraduate Administrator
Telephone number: