Imperial College London

Course Introduction

The course prepares introduces students to the more mathematical areas of pricing theory and risk management; students are given industry'based placements in: Banks; consultancies; insurance; or software companies.

Course Modules

Modules include: stochastic processes; theory of finance; mathematical finance (an introduction to option pricing theory); computing in C++ 1 (programming in C); advanced methods in derivatives pricing; quantitative risk management; interest rate models; computing in C++ 2 (object oriented programming). Optional modules: statistical methods in finance; fixed income markets; advanced credit risk modelling; simulation methods for finance; L'vy processes and stochastic volatility; advanced methods in volatility modelling; numerical methods for finance.

Course Additional Entry

High 2.1 Honours degree in mathematics in a physical science with a strong mathematical content, i.e. several mathematics modules with an emphasis on analysis, probability theory and differential equations. All applicants whose 1st language is not English require: GCSE, IGCSE, GCE O'level or equivalent at grade C; or Cambridge certificate of proficiency in English (CPE) at grade C; or IELTS score of 7.0 with a score of 6.5 or better in the written and speaking section; or TOEFL paper minimum score of 610 (test of written English (TWE) of 4.5 or more); or TOEFL computer minimum score of 250 (TWE of 4.5 or more); or TOEFL internet minimum score of 100 overall, including a minimum of 24 in the written section and a minimum of 22 in the speaking section.

Duration & Attendance Qualification Tuition fees
1 year
Full Time
MSc (Postgraduate) £28,800  Whole course. First year overseas fees
1 year
Full Time
MSc (Postgraduate) £28,800  Whole course. First year home fees
2 years
Part Time
MSc (Postgraduate) £14,400  Academic year. First year overseas fees
2 years
Part Time
MSc (Postgraduate) £14,400  Academic year. First year home fees