MSc Mathematical Finance

University of York

York, North Yorkshire, UK
MSc Mathematical Finance
Duration12 Months
LevelMasters Program
  • The MSc in Mathematical Finance will give students the skills they need to work in the financial sector and adapt quickly to new developments in the field
  • Students will complete modules to the value of 180 credits, including all core taught modules, three option modules, a group project, and a dissertation
  • Option modules are subject to availability and may vary from year to year
  • Students who complete this course will be able to:
    • Use mathematical tools (stochastic analysis including stochastic differential equations, partial differential equations, optimization techniques) as applied to price and hedging derivative financial securities, portfolio and management techniques
    • Have knowledge of a range of mathematical models of financial securities: stocks, bonds (including the term structure of interest rates), and derivative securities
    • Use mathematical techniques involved in pricing, hedging, and analysis of derivative securities, in both discrete and continuous-time market models; their relevance in modern financial practice
    • Have knowledge of modern portfolio theory, efficient portfolio, and risk management
Fees componentsAmount
Tuition & fees2559841 INR
Hostel & Meals512070 INR
Transportation62069 INR
Course-related costs59331 INR
Social and sporting activity129310 INR
Total762780 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
Bachelors60.0%
  • 2:1 or equivalent in Mathematics or a related subject including certain science degrees
  • In certain cases, a 2:2 may also be considered, which would usually come with the condition that students complete the online pre-sessional course in Mathematical Foundations of Quantitative Finance with a final grade of at least 60%.
  • If the student's undergraduate degree is in business, finance, or economics with a sufficiently strong mathematics background (equivalent to at least two years of university-level mathematics courses), then the university encourages his/her to apply also
  • Students with recent degrees as well as those with work experience in related disciplines and professions are also welcomed
  • 55 percent or higher usually accepted from universities, who mark more rigorously, eg University of Delhi
ExamsIELTS: 6
  • With a minimum of 5.5 in each component

PTE: 55
  • With a minimum of 51 in each component

Additional info
  • This program now also has a January 2021 entry point
  • Applicants may not need to provide evidence of ELP if they have completed a degree within two years of  their start date which has been taught in English
    • They will need to provide official confirmation from the institution where they completed their degrees that the medium of instruction was in English
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