Our MSc Mathematical Finance is a highly specialised and technical programme, and is, as such, mathematically quite challenging. To succeed on this course, you will need strong ability in Mathematics, and some experience in Statistics or Econometrics, evidenced by a good 2:1 or first in Mathematics, Statistics, Physics or another relevant quantitatively-focused undergraduate degree. A clear emphasis in your choice of undergraduate electives on the aforementioned areas will strengthen your application.
While you will, throughout the course, develop all necessary advanced skills, confident foundations in mathematics (in particular sound knowledge of Probability Theory, Linear Algebra and Differential Calculus) are necessary to build on.
Given the fast pace of the course, it is strongly recommended that you undertake preliminary reading before the start of the course if you have little or no background in areas such as Measure-Theoretic Probability, Statistics, and Financial Economics. Before you join the course, we will make reading recommendations and other materials available via our dedicated pre-arrival pages.
GMAT & GRE
We do not require a GMAT or GRE score but a well-balanced score (700+) may strengthen your application.
English not your first language
If English is not your first language, you must meet a minimum overall standard in a recognised test of English, examples are shown below. You must show a good balance across all sections of the test and it must have been taken within two years of starting the course. We will require your certificates as evidence.
Educated in the English language?
If you are a non-native speaker of English but have been educated entirely in English for your degree, and completed this within the last two years, this may satisfy the University of your language skills. For further information, please see the University’s page for English language requirements.
We do not offer a pre-sessional English class as an alternative to achieving these scores. Any pre-sessional course should be viewed as a way of settling into living and studying in the UK and not as a way of boosting your score.
|Test||Minimum Overall Score|
|IELTS (Academic)||7.0 - all four languages elements have to be scored 6.0+, with maximum of two language components at lowest level 6.0 or 6.5|
|PTE Academic||70 - with 51+ in every section|
|CPE||190 overall; 2 x 170, 2 x 190|
|CAE||190 overall; 2 x 170, 2 x 190|
|TOEFL||100 – minimum language components L21, R22, W21, S23|