Mathematics and Finance MSc
University of Essex
Key Course Facts
Course Description
One of our most popular courses, MSc Mathematics and Finance allows those with a background in mathematics to study finance. Since finance routinely involves modelling and evaluating risk, asset pricing and price forecasting, mathematics has become an indispensable tool for this study.
You explore topics including:
- Models and mathematics in portfolio management
- Risk management in modern banking
- Financial modelling
- Actuarial modelling
- Applied statistics
In recent years, finance has been one of the areas where high-calibre mathematicians have been in great demand. With the advent of powerful and yet economically accessible computing, online trading has become a common activity, but many have realised that a certain amount of mathematics is necessary to be successful in such fields.
Our interdisciplinary research recognises that mathematics, including what can be very abstract mathematics, is an essential part of research in many other disciplines.
Our Department of Mathematical Sciences has an international reputation in many areas including semi-group theory, optimisation, probability, applied statistics, bioinformatics and mathematical biology.
We are genuinely innovative and student-focused. Our research groups are working on a broad range of collaborative areas tackling real-world issues. Here are a few examples:
- Our data scientists carefully consider how not to lie, and how not to get lied to with data. Interpreting data correctly is especially important because much of our data science research is applied directly or indirectly to social policies, including health, care and education.
- We do practical research with financial data (for example, assessing the risk of collapse of the UK’s banking system) as well as theoretical research in financial instruments such as insurance policies or asset portfolios.
- We also research how physical processes develop in time and space. Applications of this range from modelling epilepsy to modelling electronic cables.
- Our optimisation experts work out how to do the same job with less resource, or how to do more with the same resource.
- Our pure maths group are currently working on two new funded projects entitled ‘Machine learning for recognising tangled 3D objects’ and ‘Searching for gems in the landscape of cyclically presented groups’.
- We also do research into mathematical education and use exciting technologies such as electroencephalography or eye tracking to measure exactly what a learner is feeling. Our research aims to encourage the implementation of ‘the four Cs’ of modern education, which are critical thinking, communication, collaboration, and creativity.
Entry Requirements / Admissions
Requirements for international students / English requirements
IELTS academic test score (similar tests may be accepted as well)
-
- 6.5
- Graduate Degrees
-
- 6.0
- Undergraduate Degrees
Costs
Tuition Fees Mathematics and Finance MSc
England UK | £8000 | year 1 |
---|---|---|
Northern Ireland | £8000 | year 1 |
Scotland | £8000 | year 1 |
Wales | £8000 | year 1 |
Channel Islands | £8000 | year 1 |
Ireland | £8000 | year 1 |
EU | £17360 | year 1 |
International | £17360 | year 1 |
Additional fee information
Fees displayed are for 2024-25 entry. Fees for part-time courses are calculated pro-rata to the relevant full-time fee.
Tuition fees may be subject to annual increases in each year of study in line with inflation.
Average student cost of living in the UK
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
Positions of University of Essex in top UK and global rankings.
See all 27 university rankings of University of Essex
About University of Essex
The University of Essex, is a public, research university where curiosity prevails and thinking outside the box isn’t just encouraged, it’s expected. Based in the county of the same name, Essex, the main campus is located in Wivenhoe Park, near Colchester. It is home to the university’s three faculties, Humanities, Science & Health and Social Sciences, as well as a very large community of local rabbits, and other small fauna typical of the English countryside.
List of 921 Bachelor and Master Courses from University of Essex - Course Catalogue
Student composition of University of Essex
-
Total number of students enrolled at University of Essex by level Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
- undergraduates:
- 12070
- postgraduates:
- 3690
- Total:
- 15760
-
Number of students enrolled in courses of subject “Finance”: 2665 Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
Where is this programme taught
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