This unique course provides training from three top departments at the University of Warwick: Mathematics, Statistics and Warwick Business School. Building on your strong mathematical background, you will develop and apply the quantitative skills in machine learning, computational statistics and mathematical finance that are used within the financial markets and finance industry.

Our compulsory modules focus on the four elements of the core skill set needed for careers in finance: Financial Statistics, Financial Mathematics, Asset Pricing and Risk, and Simulation and Machine Learning for Finance. In line with these modules you’ll also learn programming for Quantitative Finance, focusing on C++, Python, and R.

Core Modules

• Programming for Quantitative Finance
• Stochastic Calculus for Finance
• Financial Statistics
• Simulation and Machine Learning for Finance
• Asset Pricing and Risk
• Financial Econometrics
• Applications of Stochastic Calculus in Finance
• Dissertation

Optional modules:

• Advanced Risk Management
• Statistical Learning and Big Data
• Behavioural Finance
• Brownian Motion
• Advanced Trading Strategies
• Partial Differential Equations in Finance

Teaching

Modules are taught by staff from WBS, Statistics, and Mathematics, through a combination of lectures, classes, and computer lab sessions.

Seven compulsory modules cover the four key pillars of the core skill set you’ll need for a career in the finance industry: Financial Statistics, Financial Mathematics, Asset Pricing and Risk, and Simulation and Machine Learning for Finance.

Our optional modules help you to personalise the course to focus in on your own interests and future career path.

Contact Hours

Students on this MSc will typically receive between 26 and 30 contact hours per module.

Assessment

Assessment is a mix of exams and coursework with your dissertation bringing all of your learning together at the end.

Skills from this degree

• Teaching by three world-leading academic departments helps you to gain a deep insight into mathematical finance
• Specialist modules help you to uncover the newest quantitative theory and practice
• Apply to the QTEM Masters Network Program and spend up to an additional 12 months studying at one or two International Academic Partners, completing an internship, and taking part in a global Data Challenge with fellow QTEM students
• Access to dedicated CareersPlus service with specialist careers coaches

Minimum requirements First Class Honours degree or a high 2:i undergraduate degree in Mathematics, Statistics, Physics, or another relevant quantitatively-focused degree.

English language requirements Band B
IELTS overall score of 7.0, minimum component scores of two at 6.0/6.5 and the rest at 7.0 or above. We accept a range of language tests. Please refer to our website for more details.

International Students
We welcome applications from students with other internationally recognised qualifications. For more information please visit the international entry requirements page.

For up-to-date information concerning fees, funding and scholarships for Home, EU and Overseas students please visit Warwick's Fees and Funding webpage.

Additional Course Costs

Warwick offers further information on expected living costs.

Students are required to purchase their own textbooks.

Scholarships

We have over £1 million of WBS Scholarships available to the strongest candidates to our Master’s courses. You will automatically be considered for a WBS Scholarship upon submitting your course application. Scholarship awards range from 15% of your tuition fee to a maximum of 50% for exceptional candidates.

Graduates from these courses have gone on to work for employers including: Accenture, Amazon, Arup, BAE Systems, BNP Paribas, CitiBank, Deloitte, Delphi, European Central Bank, GlaxoSmithKline, IBM, Morgan Stanley, Nielsen, Rolls-Royce, Shell, UBS and Unilever. They have pursued roles such as: actuaries; business and financial project management professionals; chief executives and senior officials; economists, estimators, valuers and assessors, finance and investment analysts and advisers, investment/merchant bankers and taxation experts.

WBS CareersPlus service
We offer you a comprehensive pre-arrival, student, and alumni careers service. You will have access to one-to-one career guidance appointments, CV checks and tailored mock interviews. We regularly post job opportunities, events and workshops on our bespoke online learning environment my.wbs. You will also have access to the University's Student Careers and Skills team.

There are a number of different ways to visit the University of Warwick throughout the year. We host bespoke PG visits, where you can talk directly with your chosen department and explore our campus through a personalised tour. Some departments also host their own events and open days, where you can learn more about your department or course of study. To find out more about all of these opportunities, visit our Postgraduate Visits page.