QS Rank:
80
University of Birmingham
Birmingham
,United Kingdom
Program Name
Master of Science in Financial Engineering
Deadline
July 01st, 2023
Overview
The Master of Science in Financial Engineering program at the University of Birmingham is designed to equip students with essential skills and knowledge to navigate the complex world of finance and engineering. This program is ideal for those who aspire to innovate within financial sectors and seek quantitative solutions to financial challenges. The University of Birmingham, renowned for its commitment to academic excellence, ranks 80th globally in the QS World University Rankings (2023), affirming its role as a leader in higher education.
This program draws on the rich resources of the College of Engineering and Physical Sciences, integrating advanced theoretical concepts with practical applications. The curriculum has been meticulously crafted to cover key areas such as financial modeling, risk management, and quantitative analysis, making it a comprehensive option for students. The course duration spans one year, with a full-time commitment, allowing students to immerse themselves in a rigorous academic environment that promotes both learning and professional development.
Students will gain access to a diverse range of subjects, including but not limited to, computational finance, derivatives pricing, and portfolio management. The program aligns theoretical knowledge with real-world applications, ensuring graduates are well-equipped to make informed decisions in high-stakes financial environments. Additionally, the faculty comprises seasoned professionals and researchers who bring a wealth of industry experience and academic prowess to the classroom.
The University places a significant emphasis on research opportunities, providing students with the chance to engage in groundbreaking projects. With access to state-of-the-art laboratories and resources, students can explore innovative methods of solving complex financial problems. By participating in research initiatives, students not only enhance their learning experience but also contribute to significant advancements in the field of financial engineering.
Furthermore, the program is structured to foster connections with industry leaders. Collaboration with financial institutions and corporations ensures students have opportunities for internships and employment following graduation. The program's strong focus on employability is reflected in its high graduate employment rate, with a median base salary of £55,000 reported by recent alumni.
Students from diverse backgrounds enrich the learning environment, with a current international diversity rate of 34%. This multicultural atmosphere encourages collaboration and builds a global network among future financial engineers. Alumni of the program have successfully transitioned into various roles such as Software Engineers, Financial Engineers, Investment Bankers, and Quantitative Analysts, showcasing the vast career pathways available to graduates.
Why Study Financial Engineering at the University of Birmingham
- A popular choice for international students with a diverse community that fosters collaboration and innovation
- Learn from leading faculty members with extensive industry experience and engage in their cutting-edge research
- Access to high-end laboratories and resources dedicated to facilitating innovative research and practical projects
- Comprehensive placement programs that connect students with reputable firms for internships and job placements
- Strong alumni network providing mentorship and career guidance to new graduates
- A well-rounded curriculum that blends theoretical knowledge with practical experience, preparing students for real-world challenges
Admission to the Master of Science in Financial Engineering requires prospective students to meet specific entry criteria. Applicants must provide essential documents including a valid passport, academic letters of recommendation, and a detailed resume outlining their academic and professional experiences. Furthermore, proficiency in English is mandatory, with minimum score requirements for standardized tests such as the IELTS (6.0), TOEFL (80), or PTE (64).
The application deadline for the program falls on July 1st of each year for the Fall intake. Candidates are encouraged to submit their applications early to ensure consideration. The University of Birmingham values diversity and inclusiveness, welcoming students from various educational and cultural backgrounds.
In conclusion, the Master of Science in Financial Engineering at the University of Birmingham is an exceptional program tailored for those wanting to push the boundaries in finance and engineering. With a strong emphasis on research, hands-on learning, and industry links, graduates emerge as well-prepared professionals ready to tackle the demands of the financial engineering landscape.
Duration
12 Months
Median Salary
$55,000
Ranking
#105
The World University Rankings
#80
QS World University Rankings
Intake
Fall ( Sept - Nov )
Class Profile
Class Size
50
Average Age
25
Average Work Experience
1 Years
Diversity
Africa:
1%Others:
2%North America:
2%Asia:
2%Rest of Europe:
2%UK:
80%EU:
11%Career Outcomes
Median Earnings After Graduation
$55,000 / year
Prospective Job Roles
Software Engineer
Financial Engineer
Programmer
Investment Banker
Quantitative Analyst
Risk Analyst
Data Scientist
Actuary
Analyst
Consultant
Top recruiters
Eligibility Criteria
English Proficiency Tests
PTE
64
TOEFL
80
IELTS
6
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
Passport
Academic LOR
Resume
Application Deadlines
| Standard Deadline | |
|---|---|
| Fall | Jul 1, 2023 |
Fees and Funding
Tuition Fees
$23,850 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
The Financial Engineering Society
The Institute of Financial Engineers
FAQs
A student can complete Financial Engineering at University of Birmingham with in 12.
The deadline to submit an admission application for Financial Engineering at University of Birmingham is Application deadline Fall (Standard Deadline) - date - 01/07/2023
The annual tuition fee to pursue Financial Engineering at University of Birmingham is GBP 23850.
The submission of these scores mainly depends on the type of degree/ course selected at the University of Birmingham. 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 University of Birmingham requirements before submitting a score.
Financial Engineering 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 University of Birmingham, they can easily pursue Financial Engineering. 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 University of Birmingham can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of Birmingham website to check the course/ degree duration.
One can apply for scholarships to pursue their international education at University of Birmingham 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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