Birkbeck, University of London
Applied Statistics and Financial Modelling MSc
Birkbeck, University of London

Course modalities offered

Key Course Facts

Course Description

While practically orientated, this MSc Applied Statistics and Financial Modelling proceeds from a strong theoretical background so as to develop your ability to tackle new and non-standard problems with confidence. The mutual dependence of practice and theory is emphasised wherever possible.

This Master's in financial modelling is ideal if you are considering a career move into statistics, or if your work already involves aspects of data collection and exploration, the interpretation of statistics, or the use of advanced stochastic modelling techniques in the area of quantitative finance. It covers both theory and application of stochastic and statistical modelling techniques required to solve applied problems in industry, the public services, scientific research and commerce.

The course has been specially designed to meet the personal and career development needs of people who want to continue working while also studying in the evening. Many of our students are involved in data analysis, the interpretation of statistics, the optimal design and control of systems, and the modelling and prediction of time-dependent phenomena. They bring a wealth of knowledge and experience into the classroom, and you’ll find yourself surrounded by committed, enthusiastic students from all backgrounds, careers and cultures.

Highlights

  • Accredited by the Royal Statistical Society - graduates are normally granted Graduate Statistician (GradStat) status.
  • We bring together research and teaching across economics and finance, mathematics and statistics in a single department, which creates significant interdisciplinary synergies.
  • Our teaching is informed by the needs of employers and you will be taught by academics who are professional practitioners involved in the world of economics and international finance. They provide specialist advice and in-house training for government departments, City firms and banks.
  • We have active research groups in mathematics, econometrics and statistics, macroeconomics and microeconomics, which all host visiting speakers and organise seminars.
  • The Birkbeck Centre for Applied Macroeconomics and the Commodities and Finance Centre are our two research centres, which disseminate research, host events and house visiting academics.
  • You will have access to a wide range of study resources, including University of London seminar programmes in probability and statistics, and excellent library facilities close by in Bloomsbury. Extensive computing facilities include PCs and UNIX platforms.

Careers and employability

Graduates can pursue career paths in data collection, research, and analysis, modelling and forecasting. Possible professions include:

  • statistician
  • operational researcher
  • research scientist (maths)
  • forensic statistician
  • higher education lecturer.

Further information about careers in statistics is available from the Royal Statistical Society.

We offer a comprehensive careers service - Careers and Enterprise - your career partner during your time at Birkbeck and beyond. At every stage of your career journey, we empower you to take ownership of your future, helping you to make the connection between your experience, education and future ambitions.

Written examinations in May/June, assessed coursework and a project to be completed by 1 September. **Two to four daytime examinations in the summer term**

Entry Requirements / Admissions

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • Mphil / PhD

If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests. If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses, foundation programmes and language support services to help you improve your English language skills and get your place at Birkbeck.
Get advice on which foundation courses are best for you to still study Applied Statistics and Financial Modelling, MSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

A second-class honours degree (2:2) or above, with mathematics or statistics as a main subject.

Other degrees or professional qualifications may also be acceptable, such as the Birkbeck Graduate Certificate in Statistics for Data Science or the Graduate Diploma of the Royal Statistical Society.

Applications are reviewed on their individual merits and your professional qualifications and/or relevant work experience will be taken into consideration positively. We actively support and encourage applications from mature learners.

Costs

Tuition Fees Applied Statistics and Financial Modelling MSc

England UK £5700 year 1
Northern Ireland £5700 year 1
Scotland £5700 year 1
Wales £5700 year 1
International £9915 year 1

Additional fee information

Students are charged a tuition fee in each year of their course. Tuition fees for students continuing on their course in following years may be subject to annual inflationary increases.

Year 2:

**Home students: £10,560 per year**

**International students: £14,085 per year**

Average student cost of living in London

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

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Positions of Birkbeck, University of London in top UK and global rankings.

See all 21 university rankings of Birkbeck, University of London

About Birkbeck, University of London

List of 197 Bachelor and Master Courses from Birkbeck, University of London - Course Catalogue

Student composition of Birkbeck, University of London

undergraduates:
4800
postgraduates:
2810
Total:
7610
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Where is this programme taught

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FAQ about Applied Statistics and Financial Modelling MSc Birkbeck, University of London

  • Tuition fees for this programme are 16260 per year for UK students. In addition to the tuition fees you should also take into consideration the average monthly cost of living for students in the UK.

  • Applied Statistics and Financial Modelling MSc is taught on campus and cannot be taken online at Birkbeck, University of London.