MSc Mathematical Finance at University of Manchester

Programme overview

Combine expertise from the Department of Mathematics and Alliance Manchester Business School to explore mathematical finance from both mathematical and economic perspectives. Develop advanced quantitative knowledge through topics including derivative securities, asset pricing, stochastic calculus, computational finance and stochastic modelling.

What you will study

There are (i) eight course units to attend over two academic terms and (ii) 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. Compulsory units include Derivative Securities, Asset Pricing Theory, MSc Dissertation (60cr) MSc Mathematical Finance, Computational Finance, Stochastic Calculus, Brownian Motion.

Career pathways

The finance industry demands recruits with strong quantitative skills and the course is intended to prepare students for careers in this area. This Master's course provides training for those who seek a career in the finance industry specialising in derivative securities, investment, risk management and hedge funds.

Official programme page

Application information

Entry requirements

Formal entry requirements are listed here but since applicants come from many different backgrounds, it will be useful to consider yourself whether you feel as if you have the right background for the course. Some general expectations are listed below, with references to existing courses on that material in Manchester. It should hopefully give you a feel for the course and what is expected of the incoming student. English language: IELTS: at least 6.5 overall with 6.5 in writing and no other sub-test less than 6.0. Interview: No interview is required for this course.

Domestic applicants: GBP 17,600 a year (2027/28). MSc (full-time) Source

International applicants: GBP 39,200 a year (2027/28). MSc (full-time) Source

Intake: September 2027

Duration: 12 Months. [Full-Time]

Apply through the official page: https://www.manchester.ac.uk/study/postgraduate/how-to-apply/

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