University of York

University of York

Mathematical Finance

On the programme you will develop skills and competence in mathematical finance which are of direct relevance in the field of work. You will also receive transferable and generic skills training, along with the option of choosing various modules to add to the variety of the programme. Graduates can embark on careers in trading and pricing derivative financial securities (options, futures, forwards, and the like), fund management, risk management, research and development, or pursue further study to PhD level.

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. If you are a non-native English speaking applicant you must provide evidence of your English language ability. You need to show enough fluency in all aspects of English (reading, writing, speaking and listening) to the required level of the course you are applying to.

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 Start month Fee Course duration
MSc Full-time September 2016 - 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: 
01904 323097