QS Rank:

34

The University of Manchester

Manchester
,United Kingdom

Program Name
Master of Science in Mathematical Finance
Overview

The Master of Science in Mathematical Finance at The University of Manchester is a premier program designed for those who aspire to delve deep into the intricate world of finance through a mathematical lens. This program stands out as one of the most sought-after courses, offering an extensive curriculum that emphasizes both theoretical foundations and practical applications in the field of financial mathematics. With an ever-evolving financial landscape, this program equips students with the necessary tools to navigate complex financial systems and analyze market behavior effectively.
The University of Manchester has earned its reputation as a top-tier global institution, recognized for its rigorous academic standards and commitment to excellence in education. By pursuing a Master's degree in Financial Mathematics here, students become part of a vibrant scholarly community, where they engage with cutting-edge research and innovative teaching methodologies. The program is designed to foster critical thinking, analytical skills, and problem-solving capabilities critical for success in various financial sectors.
Students enrolled in this program will engage in a comprehensive curriculum that includes core courses such as Probability and Stochastic Processes, Financial Derivatives, and Risk Management. Each course is crafted to enhance students' understanding of mathematical concepts and their application in real-world financial scenarios. Furthermore, the curriculum is regularly updated to reflect the latest trends and developments in the finance industry, ensuring that students are well-prepared to meet the demands of prospective employers.
The expertise of the faculty is another significant advantage of the Master of Science in Mathematical Finance program. The faculty members at The University of Manchester are renowned scholars and practitioners in their fields, bringing a wealth of knowledge and experience to the classroom. Their diverse backgrounds enhance the learning experience, as they share insights from both academic and industry perspectives. Furthermore, students have the unique opportunity to collaborate with faculty on research projects, gaining invaluable exposure to the latest methodologies and practices in financial mathematics.
The program also emphasizes practical experience through industry connections and internship opportunities. The University of Manchester has established strong ties with various financial institutions and organizations, facilitating networking and career advancement for students. Those enrolled in this program have access to internships that provide real-world experience, enhancing their employability and preparing them for competitive job markets. Graduates of this program have gone on to secure positions as Portfolio Managers, Financial Analysts, and Quantitative Analysts, among others, reflecting the high caliber of education received.
The Master of Science in Mathematical Finance not only prepares students for immediate career opportunities but also lays the groundwork for long-term success in the finance sector. Graduates find themselves equipped with the skills necessary to thrive in various roles, ranging from Risk Analysts to Data Scientists. The program also offers robust support for career development, including workshops, career fairs, and one-on-one coaching sessions that help students refine their job search strategies and interview techniques.
Alumni of the program have reported successful career trajectories, with many securing positions in prestigious firms and organizations worldwide. Their testimonials highlight the advantages of the comprehensive education received, the practical experience gained, and the supportive learning environment fostered by faculty and peers alike. This sense of community and collaboration enhances the overall educational experience and establishes strong professional networks that benefit students long after graduation.
In summary, the Master of Science in Mathematical Finance at The University of Manchester stands as a rigorous and rewarding program that prepares students for successful careers in the finance industry. With a focus on mathematical principles and their applications, a dedicated faculty, and numerous industry connections, this program offers a unique educational experience that fosters both academic and professional growth.
Why Study Mathematical Finance at The University of Manchester
- A globally recognized university ranked among the best in the world, ensuring a high-quality education.
- An interactive curriculum that blends theoretical knowledge with practical applications, enhancing learning outcomes.
- Access to state-of-the-art facilities and high-end laboratories that support research and practical learning.
- Strong industry partnerships providing valuable internship opportunities and career support.
- A diverse community of students from around the world, promoting cultural exchange and collaboration.
Students interested in applying for the Master of Science in Mathematical Finance should be aware of the admission requirements. Applicants are typically expected to hold a relevant undergraduate degree and demonstrate proficiency in English through standardized tests such as IELTS, TOEFL, or PTE. A minimum IELTS score of 6.5, TOEFL score of 90, or PTE score of 70 is required.
Additionally, candidates must provide essential application materials, including academic transcripts, a resume detailing their work experience, and a letter of recommendation from an academic referee. These components are critical in showcasing the applicant's qualifications and readiness for the rigorous academic environment of the program.

Duration
12 Months

Median Salary
$45,000
Ranking
#63
US World and News Report
#54
The World University Rankings
#34
QS World University Rankings
Class Profile

Class Size
25

Average Age
23

Average Work Experience
1 Years
Diversity
Others:
10%International:
10%North West England:
45%London:
15%South East England:
20%Career Outcomes

Median Earnings After Graduation
$45,000 / year
Prospective Job Roles
Portfolio Manager
Mathematical Modeller
Financial Analyst
Investment Banker
Quantitative Analyst
Risk Analyst
Data Scientist
Research Analyst
Trading Analyst
Actuary
Top recruiters










Eligibility Criteria
English Proficiency Tests
PTE
70
IELTS
6.5
TOEFL
90
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.
Transcript
Academic LOR
Resume
Application Deadlines
Fees and Funding

Tuition Fees
$25,500 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
The London Mathematical Society
The British Society for the History of Mathematics
The University of Manchester
The Royal Statistical Society
The Institute of Mathematics and its Applications
FAQs
- A student can complete Mathematical Finance at The University of Manchester with in 12.
- The annual tuition fee to pursue Mathematical Finance at The University of Manchester is GBP 25500.
- The submission of these scores mainly depends on the type of degree/ course selected at the The University of Manchester. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check The University of Manchester requirements before submitting a score.
- Mathematical Finance can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
- If a student fulfils all the eligibility criteria and admission requirements of The University of Manchester, they can easily pursue Mathematical Finance. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
- An MS degree at The University of Manchester can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official The University of Manchester website to check the course/ degree duration.
- One can apply for scholarships to pursue their international education at The University of Manchester by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.
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