MSc in Financial Mathematics

Page contents > Paper 6 options list | Prerequisite Requirements and Mutually Exclusive Options

Programme Code: TMFIMA

Department: Mathematics

For students starting this programme of study in 2021/22

Guidelines for interpreting programme regulations

Classification scheme for the award of a taught master's degree (four units)
Exam sub-board local rules

Academic year programme (10 months). Students must take five compulsory half-unit courses and optional courses to the value of one-and-a-half units as shown.
There is also a two-week compulsory introductory course MA400 September Introductory Course relating to MA415 and MA417.

Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and may be subject to timetabling constraints and/or students meeting specific prerequisite requirements.


Paper	Course number, title (unit value)
Introductory course	MA400 September Introductory Course (Financial Mathematics and Quantitative Methods for Risk Management) (0.0)
Paper 1	MA415 The Mathematics of the Black and Scholes Theory (0.5) ^#
Paper 2	MA416 The Foundations of Interest Rate and Credit Risk Theory (0.5) ^#
Paper 3	ST409 Stochastic Processes (0.5) ^#
Paper 4	FM413 Fixed Income Markets (0.5) ^#
Paper 5	MA417 Computational Methods in Finance (0.5) ^#
Paper 6	One of the following:
	MA402 Mathematical Game Theory (0.5) ^#
	MA411 Probability and Measure (0.5) ^#
	MA414 Stochastic Analysis (0.5) ^# (not available 2023/24)
	MA418 Preferences, Optimal Portfolio Choice, and Equilibrium (0.5) ^# (withdrawn 2022/23)
	MA420 Topics in Financial Mathematics (0.5) ^#
	ST440 Recent Developments in Finance and Insurance (0.5) ^# (not available 2023/24)
Papers 7 & 8	Courses to the value of 1.0 unit(s) from the following:
	FM402 Financial Risk Analysis (0.5) ^#
	FM404 Advanced Financial Economics (0.5) ^#
	FM429 Asset Markets A (0.5) ^#
	FM430 Corporate Finance and Asset Markets (1.0) ^# (withdrawn 2023/24)
	FM441 Derivatives (0.5) ^#
	FM442 Quantitative Methods for Finance and Risk Analysis (0.5) ^#
	FM445 Portfolio Management (0.5)
	FM472 International Finance (0.5) ^#
	ST422 Time Series (0.5) ^#
	ST426 Applied Stochastic Processes (0.5) (not available 2023/24)
	ST429 Statistical Methods for Risk Management (0.5) ^#
	ST448 Insurance Risk (0.5) ^# (not available 2023/24)
	Further half unit(s) from the MA4** level courses or any other appropriate MSc course, subject to the approval of the Programme Director and Teacher Responsible for the course.
	Paper 6 options list
Additional course	Students can also take the following non-assessed course taken in addition to the required five compulsory half-unit courses and optional courses to the value of one-and-a-half units detailed above:
	MA422 Research Topics in Financial Mathematics (0.0)

Paper 6 options list

MA402 Mathematical Game Theory (0.5) ^#
MA411 Probability and Measure (0.5) ^#
MA414 Stochastic Analysis (0.5) ^# (not available 2023/24)
MA418 Preferences, Optimal Portfolio Choice, and Equilibrium (0.5) ^# (withdrawn 2022/23)
MA420 Topics in Financial Mathematics (0.5) ^#
ST440 Recent Developments in Finance and Insurance (0.5) ^# (not available 2023/24)

Prerequisite Requirements and Mutually Exclusive Options

# means there may be prerequisites for this course. Please view the course guide for more information.

The Bologna Process facilitates comparability and compatibility between higher education systems across the European Higher Education Area. Some of the School's taught master's programmes are nine or ten months in duration. If you wish to proceed from these programmes to higher study in EHEA countries other than the UK, you should be aware that their recognition for such purposes is not guaranteed, due to the way in which ECTS credits are calculated.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.