Mathematical Finance MSc

The School of Mathematics and the Manchester Business School at The University of Manchester have combined their academic strength and practical expertise to deliver this MSc in Mathematical Finance (UK 1 year), ensuring that students can experience both the mathematical and economic perspective of the subject.

This is also supported by invited lectures from senior staff members of leading financial institutions and outstanding mathematicians who are internationally recognised for contributions to Mathematical Finance. Past lectures include:

The course provides students with advanced knowledge and understanding of the main theoretical and applied concepts in Mathematical Finance delivered from a genuinely international and multi-cultural perspective with a current issues approach to teaching. The focus is on mathematical theory and modelling, drawing from the disciplines of probability theory, scientific computing and partial differential equations to derive relations between asset prices and interest rates, and to develop models for pricing, risk management and financial product development.

The finance industry demands recruits with strong quantitative skills and the course is intended to prepare students for careers in this area. The course provides training for those who seek a career in the finance industry specialising in derivative securities, investment, risk management and hedge funds. It also provides research skills for those who subsequently wish to pursue research and/or an academic career (e.g. university lecturer) or continue the study at doctoral level, particularly those wishing to pursue further/advanced studies in Mathematical Finance.

Course structure

There are eight course units to attend over two academic terms and a dissertation project to be completed in the summer term. Teaching of the course units is shared by the School of Mathematics and the Manchester Business School and delivered through lectures, case studies, seminars and group project-based work.

Full list of course units

Summer term

In this term students will conduct an original study of a topic relating to the course and write a dissertation. Our dissertation topics are aligned with the research interests and needs of leading financial institutions from the City of London and internationally. Some of the organisations offering topics leading to dissertations in the past have included ABN AMRO, Alliance and Leicester, Credit Suisse, Morgan Stanley, Numerical Algorithms Group (NAG), Shell, and Standard Bank.

NAG also funds an annual prize that is awarded to the best performing student in the January exams. The NAG Prize in Mathematical Finance for 2014 was awarded to Dalal Alghanim.


Contact us:

Admissions Tutor: Dr Jonathan Bagley


Tel:  +44(0)161 30 63662

Did you know?

We will be offering up to 10 scholarships across our MSc courses for the top students in the 2014/15 academic year

Did you know?

The Course Director offers weekly drop-in sessions during which prospective students can find out more about this course.
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