Applied Statistics and Financial Modelling
| Program start date | Application deadline |
| 2024-10-01 | - |
Program Overview
The Master's in Applied Statistics and Financial Modelling from Birkbeck, University of London combines statistical methods and financial modelling, preparing graduates for careers in data analysis, statistical interpretation, and quantitative finance. The program features a practical orientation, experienced academics, and a vibrant learning environment, and is designed for working professionals with evening study options available. Graduates are eligible for Graduate Statistician (GradStat) status from the Royal Statistical Society.
Program Outline
Degree Overview:
Master's in Applied Statistics and Financial Modelling
Birkbeck, University of London
This Master's program offers a strong grounding in both statistical methods and financial modelling, equipping graduates for careers in areas including:
- Data analysis
- Statistical interpretation
- Advanced statistical modelling
- Quantitative finance Key features:
- strong theoretical background
- Develop skills to tackle new and challenging problems
- Ideal for career moves into statistics or related fields
- Applicable across diverse sectors: industry, public services, scientific research, and commerce
- Designed for working professionals: Evening study, part-time and full-time options available This program fosters a vibrant and diverse learning environment:
- Dedicated community of students: committed, enthusiastic individuals from various backgrounds and careers
- Experienced academics: professional practitioners who bring real-world expertise and industry connections
Program Outline:
- Duration: 1 year (full-time) or 2 years (part-time)
- Attendance: Full-time (4 evenings/week) or Part-time (2 evenings/week)
- Modules:
- Core Modules (60 credits):
- Probability and Stochastic Modelling
- Statistical Analysis
- Compulsory Module (30 credits):
- Financial Modelling and Data Science
- Optional Modules (30 credits): Choose one or two depending on your choice of the Compulsory Module:
- Bayesian Methods
- Computational Statistics
- Financial Data Science with Python
- Individually Prescribed Reading Course Applied Statistics
- Linear and Nonlinear Optimization
- Statistical Learning
- Project (60 credits):
- MSc Applied Statistics and Financial Modelling project
- Modules cover various topics in:
- Probability theory
- Stochastic processes
- Statistical inference
- Regression analysis
- Time series analysis
- Financial modelling
- Financial risk management
Other program elements:
- Access to University of London seminar programs in Probability and Statistics.
- Excellent library facilities in Bloomsbury.
- Extensive computing facilities with PCs and UNIX platforms.
Assessment:
Assessment methods vary depending on the module. Examples include:
- Written examinations (daytime, usually during May/June)
- Coursework
- Project (completed by September 1st)
Teaching:
- Primarily evening classes to accommodate working professionals
- Blend of lectures, seminars, and practical sessions.
- Experienced and active academics with research and professional experience.
- Modern facilities including computer labs with latest statistical and mathematical software.
- Emphasis on student engagement, discussion, and interaction.
Careers:
Graduates are prepared for various career paths:
- Statistician
- Operational researcher
- Research scientist (mathematics)
- Forensic Statistician
- Higher education lecturer
- Other data analysis, research, and modelling roles The program provides support for career development:
- Comprehensive Careers and Enterprise services
- Assistance with career planning, job searching, and professional development
Other:
- Accreditation by the Royal Statistical Society (graduates may be awarded Graduate Statistician (GradStat) status.)
- Strong departmental connections across economics, finance, mathematics, and statistics, leading to interdisciplinary synergy in research and teaching.
Part-time home students, Year 1: £5,700 per year Part-time home students, Year 2: £10,560 per year Full-time home students: £16,260 per year Part-time international students, Year 1: £9,915 per year Part-time international students, Year 2: £14,085 per year Full-time international students: £24,000 per year
Birkbeck University of London
Overview:
Birkbeck University of London is a public research university located in central London. It is known for its evening and weekend classes, catering to students who are working or have other commitments. Birkbeck is a member of the prestigious University of London and is recognized for its high-quality teaching and research.
Services Offered:
Birkbeck offers a wide range of services to its students, including:
Admissions:
Guidance on entry requirements, financial support, and application procedures.Student Services:
Support with academic and personal matters, including careers advice, financial aid, and disability services.Library:
Access to a comprehensive library with extensive resources and study spaces.Business Services:
Support for businesses and entrepreneurs, including training, consultancy, and networking opportunities.International Students:
Dedicated support for international students, including visa guidance and cultural integration programs.Student Life and Campus Experience:
Birkbeck provides a vibrant and diverse student community with a strong focus on evening and weekend study. Students can expect:
Central London Location:
Access to the city's cultural and social attractions.Flexible Study Options:
Evening and weekend classes to accommodate working students.Supportive Environment:
Dedicated student support services and a welcoming community.Career Development:
Opportunities for career advancement through internships, networking events, and career advice.Key Reasons to Study There:
Prestigious University:
Part of the University of London, renowned for its academic excellence.Flexible Study Options:
Evening and weekend classes for working professionals.Central London Location:
Access to the city's cultural and social attractions.Research-Led Teaching:
High-quality teaching informed by cutting-edge research.Strong Career Support:
Dedicated career services to help students achieve their career goals.Academic Programs:
Birkbeck offers a wide range of undergraduate and postgraduate programs across various disciplines, including:
Arts:
History, English, Philosophy, Languages, and more.Sciences:
Biology, Chemistry, Physics, Psychology, and more.Social Sciences:
Economics, Sociology, Politics, Law, and more.Business:
Management, Finance, Marketing, and more.Humanities:
History of Art, Music, Theatre, and more.Other:
Birkbeck is committed to public engagement and research with impact. The university actively promotes its research findings and engages with the public through events, lectures, and publications.
Entry Requirements
UK Students:
- A second-class honours degree (2:2) or above, with mathematics or statistics as a main subject.
- Other degrees or professional qualifications may also be acceptable, such as the Birkbeck Graduate Certificate in Statistics for Data Science or the Graduate Diploma of the Royal Statistical Society.
- Applications are reviewed on individual merits, and professional qualifications and relevant work experience will be considered positively.
- Mature learners are actively supported and encouraged to apply.
International Students:
- The same requirements as UK students apply.
- Additionally, non-native English speakers require an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each sub-test.
- Birkbeck offers pre-sessional English courses and foundation programs to help students improve their English language skills and gain entry to the university.
Additional Notes:
- Applicants should list all relevant qualifications and experience, including those they expect to achieve, on their application form.
Language Proficiency Requirements
- Non-native English speakers require an IELTS Academic Test score of 6.5, with not less than 6.0 in each sub-test.
- Alternative English language proficiency tests may be accepted in certain circumstances.
- Birkbeck MSc Applied Statistics and Financial Modelling website: https://www.bbk.ac.uk/study/2024/mscapplied-statistics-and-financial-modelling Admission requirements and language proficiency requirements may change over time.
