MSc in Financial Mathematics
Programme Code: TMFIMA
Department: Mathematics
For students starting this programme of study in 2022/23
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 |
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Paper 4 |
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Paper 5 |
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Paper 6 |
One of the following: | |
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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: | |
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FM430 Corporate Finance and Asset Markets (1.0) # (withdrawn 2023/24) | |
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FM442 Quantitative Methods for Finance and Risk Analysis (0.5) # | |
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FM445 Portfolio Management (0.5) | |
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ST426 Applied Stochastic Processes (0.5) (not available 2023/24) | |
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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. | |
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: | |
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MA422 Research Topics in Financial Mathematics (0.0) |
Paper 6 options list
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.