MSc Mathematics and Computing for Finance

  1. Course Variations
    Nomenclature Duration Mode Of Attendance
    MSc 1Yr FT
    MSc 2Yr PT
    MSc 3Yr PT
  2. Typical offer:
    UK 2:2
  3. Swansea University wins the Postgraduate category!
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Course Overview

Shape

The MSc Mathematics and Computing for Finance course has been designed to meet the growing demand for specially trained mathematicians to work in the world’s financial markets and insurance.

Despite the current volatile nature of the banking industry, many banks still have a pressing need for employees with advanced mathematical skills who can further their understanding of turbulence in financial markets.

On the course you will study different elements of both mathematics and computing in addition to developing your communication and presentational skills through a project you will undertake. You will be fully supported to ensure that your project is best suited to support your future career plans.

Key Features

  • High employability - we are 4th in the UK for graduate prospects [Complete University Guide 2019] and 5th in the UK for career prospects [Guardian University Guide 2019]
  • 18th in the UK overall [Guardian University Guide 2018]
  • Consistently high student satisfaction scores in the National Student Survey [91% in 2018]
  • 16th in the UK for value-added – shows how effective students are taught [Guardian University Guide 2019]
  • Swansea Mathematics graduates go on to undertake a variety of jobs, such as Infrastructure Project Manager with IBM, Research Engineer with C3 Resources Ltd, Research Analyst with Digital-I, Risk Analyst with TSB Bank.
  • Teaching and research centres on modern applicable mathematics
  • Extensive selection of final year projects designed to develop excellent transferable skills
  • £32.5m Computational Foundry for computer and mathematical sciences will provide the most up-to-date and high quality teaching facilities (from September 2018)
  • World ranked in the top 350 [QS World University Rankings 2017]
  • World ranked in the top 400 [301-400 (out of 500) in the new Global Ranking of Academic Subjects (GRAS) 2017]
  • TEF Gold award – UK Government’s recognition for excellent teaching in UK higher education
  • UK University of the Year Runner-up and Welsh University of the Year [Times and Sunday Times University Guide 2019]

Modules

Disclaimer: Module selection options may change.

MSc 1 Year Full-time

Year 1 (Level 7 PGT)

FHEQ 7 Taught Masters / PGDip / PGCert
Compulsory Modules
Module CodeSemesterCreditsModule Name
CSCM41Semester 1 (Sep-Jan Taught)15Programming in Java
MA-M02Semester 2 (Jan-Jun Taught)15Numerics of ODEs and PDEs
MA-M14Semester 2 (Jan-Jun Taught)15Differential Equations
MA-M41Semester 1 (Sep-Jan Taught)15Stochastic Processes
MA-M57Semester 1 (Sep-Jan Taught)15Financial Mathematics
MA-M72Semester 2 (Jan-Jun Taught)15Black-Scholes Theory
MA-M84Semester 2 (Jan-Jun Taught)15Fourier Analysis
MA-M92Semester 1 (Sep-Jan Taught)15Itô Calculus and Stochastic Differential Equations

Description

As a student on the MSc Mathematics and Computing for Finance you will study a range of modules covering various topics including:

Stochastic Calculus based on Brownian Motion
Levy processes and more general jump processes
The advanced Black-Scholes theory
Theory and numerics of parabolic differential equations
Java programming
Theory of algorithms
Internet systems

Dissertation

On top of the modules you study, you will also complete a dissertation as part of your studies.

Entry Requirements

A 2:2 Honours degree or equivalent in Mathematics, Computer Science, Engineering or Physics.

IELTS 6.0 (with a minimum of 5.5 in each component) or equivalent English test.

International students:  please visit our International pages for information on entry requirements for your country:  Africa, South Asia, East Asia, Europe and Russia, Middle East, North America, South America, South East Asia.  If your country is not listed within these regions, please contact international-science@swansea.ac.uk

How To Apply

For all EU/International enquiries please contact:

international-science@swansea.ac.uk

+44 (0)1792 295142

For UK applicants

For International applicants

Tuition Fees

Annual tuition fees for entry in the academic year 2019/20 are as follows:

UK/EU International
MSc Full-time £9,000 £20,950
MSc Part-time £4,500 £10,500
MSc Part-time £3,000 £6,950

Tuition fees for years of study after your first year are subject to an increase of 3%.

You can find further information on fees and how to pay on our tuition fees page.

You may be eligible for funding to help support your study. To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

International students and part-time study: It is now possible for some students to study part-time under the Tier 4 visa route. This is dependent on factors relating to the course and your individual situation. It may also be possible to study with us if you are already in the UK under a different visa category. Please visit the University information on Visas and Immigration for further guidance and support.

Current students: You can find further information of your fee costs on our tuition fees page.

Additional Costs

The tuition fees do not cover the costs of purchasing books or stationery, printing, thesis binding or photocopying costs.

There are no mandatory additional costs specified for this course.

Teaching and assessment

On the course you will be assessed by a combination of written examinations, coursework and a Dissertation.

Student profiles

"Further to my studies at Swansea University as a Master of Science graduate in Financial Mathematics, I am currently working at Deutsche Bank in London as part of the Structured Financial Services team providing client services for corporate lending and debt portfolios. The complex nature of the course has helped me become a logical decision maker and a highly skilled problem solver. These transferable skills are very useful in the world of Finance since the role is highly challenging working towards deadlines and structured transaction targets. My studies at Swansea University have also enriched me with leadership, motivational skills and have enhanced my communication skills. I work in a close team of 10 people within a large department which encourages a culture that strives towards learning and effective teamwork. I thoroughly enjoyed my time at Swansea University and cherish the many fond memories. I am so pleased to be expanding my horizon within a major financial centre."

Rhian Ivey, BSc Mathematics 2006, MSc Mathematics and Computing for Finance 2008

Read our student profiles

Facilities

The Aubrey Truman Reading Room, located in the centre of the Department of Mathematics, houses the departmental library and computers for student use. It is a popular venue for students to work independently on the regular example sheets set by their lecturers, and to discuss Mathematics together. 

Our main university library, Information Services and Systems (ISS), contains a notably extensive collection of Mathematics books.

 

Careers

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn on average 50% more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistically analysis, marketing and sales. 

Some of our students have been employed by AXA, BA, Deutsche Bank, Shell Research, Health Authorities and Local Government. Teaching is another area where maths graduates will find plenty of career opportunities.

Find out more about employability.

 

Research

The results of the Research Excellence Framework (REF) 2014 show that our research environment (how the Department supports research staff and students) and the impact of our research (its value to society) were both judged to be 100% world leading or internationally excellent.

All academic staff in Mathematics are active researchers and the department has a thriving research culture. Find out more.

Fees and Funding

Details of postgraduate funding for UK/EU candidates can be found here: http://www.swansea.ac.uk/postgraduate/fees-and-funding/

Details of postgraduate funding for International candidates can be found here: www.swansea.ac.uk/international/students/fees-and-funding/pg-scholarships/