MSc Finance (Major: Quantitative Finance)
Duration: 2-5 years
Minimum Entry Requirements: You should have a recognised UK Bachelor's degree, or international equivalent, in finance, economics, or another appropriate discipline. Qualifications in other subjects will be assessed on their merits. Your application may be considered if you have previous education and experience, equivalent to a degree-level qualification, which includes suitable preliminary training.
Start of programme: November / February / April / June / August
Mode of Attendance: Distance Learning
The MSc Finance (major: Quantitative Finance) is designed principally for postgraduates whose work in banks and other financial institutions requires knowledge of statistical (particularly econometric) and quantitative approaches to risk and derivatives. It is particularly suitable if you have a first degree in engineering, applied science, applied mathematics, economics, or similar subjects, but also suitable for others with quantitative skills.
Phone: +44 (0) 20 7898 4050
English language requirements: If your first degree was not taught in English, you will need to provide evidence of language ability as tested by the British Council or another registered body. This is equivalent to a score of 7.0 overall in the IELTS test, or 7 in both reading and writing. For the TOEFL paper-based test, you will need a score of 600+, with at least 5.0 in the Test of Written English; and in the TOEFL internet-based test, you will need a score of 100+, with 25+ the written English test.
You will choose five core modules.
- Econometric Principles & Data Analysis
- Econometric Analysis & Applications
- Financial Econometrics
- Risk Management: Principles & Applications
- Modelling Firms & Markets
You will also choose three modules from the list of elective or core modules.
- Macroeconomic Policy & Financial Markets
- Microeconomic Principles & Policy
- Corporate Finance
- Corporate Governance
- International Finance
- The International Monetary Fund & Economic Policy
- Finance in the Global Market
- Bank Regulation & Resolution of Banking Crises
- Banking & Capital Markets
- Research Methods
Teaching & Learning
Teaching & Learning
The MSc is made up of eight modules. Each module is studied in eight-week sessions. You can only take one module at a time, but each module is typically available in at least two of the year's study sessions. This gives you the flexibility to plan how you study during the year, enabling you to fit your study in with your professional, family and personal commitments.
You will be individually assigned an online academic tutor for the duration of each module with whom you can discuss academic queries at regular intervals during the study session. You will also have a named administrator providing you with help and advice throughout your studies.
Before the start of each module you have enrolled on, you will be sent a package containing all of the study materials that you need to complete the module – the core text, textbooks, a collection of key articles, and any module related software.
To make your experience as a distance learning student more complete and rewarding, we provide access to the Virtual Learning Environment, which is a web-accessed learning environment. Via the VLE, you can communicate with your assigned academic tutor, administrators and other students on the module using discussion forums. The VLE also provides access to the module Study Guide and assignments, as well as a selection of electronic journals available on the University of London Online Library.
For each module, you will sit a three-hour examination, held on a specified date in October, and complete two assignments during the module study session. Assignments are submitted and feedback given online. Examinations and assignments are weighted 70:30.
As a graduate of this programme you will be well prepared for senior research and other positions in banking, fund management, consultancy, central banks and international bodies.
How to Apply
The online application form allows you to submit your application directly to us for consideration. We aim to answer each application within 10 working days. Once it has been reviewed, you may be made a conditional offer. A firm offer will only be made once we have received from you the supporting documentation specified in the conditional offer. We will keep you informed of the process in writing.
For more information about our application procedure, application deadlines, and the supporting documentation required, please visit our admissions webpage.
A Student's Perspective
The rise of the ‘financial sector’ is a key feature of the new global economy and I wanted to understand it more.