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Quantitative finance is widely recognised as a rapidly expanding market for mathematical and scientific skills. Financial Mathematics is an application of mathematical methods to financial markets and risk management, using advanced computer technology to predict the behaviour of the markets and suggest strategies for investment. The focus of this MSc is on computational techniques for finance, on mathematical modelling and on mathematical and economic theories of finance.
On this course you will learn how to formulate problems from finance in mathematical terms, select and develop an appropriate numerical method, use programming skills to implement the method and compute results, and finally to present and interpret these results for a potential client.
If you complete the modules but not the project, you will qualify for a Postgraduate Diploma (PGDip). If you complete only some of the modules, you may qualify for a Postgraduate Certificate (PGCert).
Academic qualification equivalents
A bachelor degree with related subject
English language requirements (one of the below):
| University Type | Public |
| Establishment Year | 1921 |
| Location | Leicester, England |
| Campus Setting | Urban |
| No. of campuses | 1 |
| On campus accommodation | Available |
| Accreditation Agency | Athena SWAN Award/ Stonewall Diversity Champion/ Coeliac UK |
| Mode of Program | Full-time/ part-time/ online |
The estimated fee payable by international students for the 2020/2021 academic session is presented on the table below:
| Fees | Undergraduate (GBP) | Postgraduate (GBP) |
|---|---|---|
| Tuition Fee | 14000 | 19,400 – 21,515 |
| Rent | 4,830 | 4,830 |
| Food | 1,750 | 1,750 |
| Utilities (gas, electric, water) | 525 | 525 |
| Course costs(books & copying) | 420 | 420 |
| Travel | 1,200 | 1,200 |
| Personal | 1,400 | 1,400 |
| Total | 28,125 – 32,125 | 29,525 – 30,925 |
Note: The above-listed fees are just estimated as the actual amount may be lower or higher than what is listed above.
University of Leicester welcomes applications from both EU and non-EU students. There might be additional requirements for international student admissions. Also, specific courses have their own requirements. The standard admission process has been described below.
The steps to be followed while applying for admission to the University of Leicester are as follows:
Application Fees: 25 GBP for applying through UCAS; Postgraduate application is free for almost all courses. Some postgraduate courses require an application fee.
Application Deadline: UG applicants: UCAS application deadline – June 30; Medicine and Dentistry programs – October 15; PG applicants – Varies according to program
Entry Requirements: The entry requirements for undergraduate and postgraduate applicants must be fulfilled before applying:
Supporting Documents: The following documents must be submitted at the time of admission:
English Language Requirements: Applicants whose first language is not English must provide evidence of proficiency in the English language but providing English language test results. The minimum test scores required are:
| Test | Minimum Requirements |
|---|---|
| IELTS | 5.5 |
| TOEFL-IBT | 17 (listening); 18 (reading); 20 (speaking); 17 (writing) |
| PTE | 51 |
| CAE | 162 |
| CPE | 162 |
| Cambridge ESOL | Pass |
| Tuition Fees in USA (1st Year Average) | BE/Btech: USD 28300 | MS: USD 22693 | BBA: USD 26616 | MBA: USD 29558 | BSc: USD 29418 | MA: USD 20452 | MIS: USD 22133 | MFin: USD 37683 | MEng: USD 29558 | MIM: USD 35301 | MEM: USD 23254 | MArch: USD 34741 | MFA: USD 28857 | BHM: USD 27176 |
| Average Accomodation & Food Costs in USA | USD 700 to 1000 Per Month |
| Entrance Exams in USA | TOEFL: 86 | IELTS: 6.5 | PTE: 60 | GRE: 309 | GMAT: 560 | SAT: 1177 |
| Work and Study in USA | Permitted for 20 hours/week with a valid study permit. Know More |
| Post Study Work Permit in USA | One to Two Years after graduation depending on the course. |
| Cost of Student Visa in USA | USD 160 |
| Student Visa in USA | F1 Visa for USA allows you study permit in USA in full time academic courses. Any accredited school, college, university, academic institute, seminary, or conservatory in USA must accept you beforehand to apply for F1 visa in USA. Know More |
| Intakes in USA | There are Three Intakes in USA: Fall (August-September), Spring (January) Know More |
| Top Job Sectors in USA | Health Care, Education, Construction, Hospitality & Tourism, Business Services, Finance. |
| Economy in USA | GDP Growth of 2.1% (Q4 2019), The Larges Economy of the World by Nominal |