Birkbeck, University of London

Course Introduction

This programme offers advanced training in quantitative skills used in modern financial institutions, including most notably valuation of securities, and measurement and management of portfolio risks. Training is provided in programming, numerical methods and statistics, and you will be given a grounding in pricing and risk management techniques. A key feature is the emphasis on computational methods and implementation of the pricing and risk management techniques learnt. You will complete modules in programming, numerical methods and financial statistics, and all the modules are illustrated by computer examples. Economics and finance at Birkbeck have acquired an excellent reputation, not only for the quality of research but also for the quality of training. We take students who are determined to succeed and are prepared to undergo the rigours of a first'class training, whether they are studying full'time or part'time.

Course Modules

Core modules for full'time students: Dissertation; financial econometrics; mathematical and numerical methods; pricing; quantitative techniques. Option modules: Commodities and commodities derivatives, computational methods for commodities; mathematical risk management. Compulsory modules for part'time students in year 1: Financial econometrics; mathematical and numerical methods; quantitative techniques; year 2 compulsory module: Pricing; dissertation. Option modules: Commodities and commodities derivatives, computational methods for commodities; mathematical risk management.

Course Additional Entry

A good upper 2nd'Class degree or above (normally in a quantitative discipline such as physics, engineering, statistics or mathematics), or an equivalent qualification; or merit pass in Birkbeck's Graduate Diploma in financial engineering. Students who have completed highly quantitative economics degrees will also be eligible. Substantial relevant work experience may be taken into account. You will need to have a strong background in mathematics and statistics, although we will provide additional instruction in necessary mathematical material. Demonstrable qualities, such as good time management and the ability to cope under pressure, are vital. Non'EU students are encouraged to submit GRE or GMAT results. In some cases, the admissions tutor may request these results in order to make a decision on your application. In that case, you should upload your score report to the online application system as if it were an additional transcript page. 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.

Duration & Attendance Qualification Tuition fees
1 year
Full Time
MSc (Postgraduate) £18,325  Academic year. First year overseas fees
1 year
Full Time
MSc (Postgraduate) £17,725  Academic year. First year home fees
2 years
Part Time Evening
MSc (Postgraduate) £9,175  Academic year. First year overseas fees
2 years
Part Time Evening
MSc (Postgraduate) £8,875  Academic year. First year home fees