Quantitative Finance with Data Science
| Program start date | Application deadline |
| 2024-10-01 | - |
Program Overview
This MSc Quantitative Finance with Data Science program provides comprehensive training in advanced mathematical finance and data science skills. Students gain expertise in derivative pricing, risk quantification, portfolio management, statistical analysis, machine learning, and coding. The program prepares graduates for careers as quantitative analysts/developers in investment banks, hedge funds, and insurance firms.
Program Outline
Degree Overview:
This MSc Quantitative Finance with Data Science program offers comprehensive training in advanced mathematical finance and data science skills needed for a career in modern financial institutions. The curriculum focuses on:
- Statistical analysis
- Numerical mathematics
- Machine learning
- Computer programming with applications in real-world financial problems The program equips students with extensive knowledge in mathematical techniques used in the finance industry, including derivative pricing, risk quantification, and portfolio management. Additionally, students develop strong statistical tools such as forecasting, hypothesis testing, volatility models, and financial time series analysis. The program also offers expertise in option pricing, risk management, numerical implementation, applications of machine learning, and coding skills in Python, R, and Matlab.
Outline:
The program's structure consists of seven compulsory modules worth 150 credits and a 6000-word dissertation worth 30 credits.
Compulsory Modules:
Credit Risk Management Econometrics of Financial Markets Financial Data Science with Python Financial Modelling and Data Science Market Risk Management Quantitative Techniques Statistical Analysis Statistical Learning
Dissertation:
- MSc Quantitative Finance with Data Science dissertation
- MSc Dissertation Economics and Finance
Assessment:
The program utilizes a combination of examinations and assessed coursework for assessment. The specific methods may vary depending on the individual modules.
Teaching:
The program emphasizes innovative and engaging teaching methods to ensure an enriching learning experience for students. The teaching approaches include:
- Formal lectures
- Interactive seminars
- Practical classes and tutorials
- Individual consultations with personal tutors
Careers:
Graduates of this program typically pursue careers in quantitative analyst/developer roles across various financial institutions, including:
- Investment banks
- Hedge funds
- Insurance firms Examples of specific career paths include:
- Analyst/adviser in the risk management sector
- Portfolio management
- Financial data scientist
- Machine learning engineer
- Analyst within the Bank of England and Treasury
Other:
- The program is offered on campus, starting in October 2024.
- It is available as a one-year full-time or two-year part-time program.
- The faculty comprises experienced professionals and academics with expertise in quantitative finance and data science.
- The program emphasizes practical applications of the acquired knowledge and skills.
Part-time home students: £8,130 per year Full-time home students: £16,260 per year Part-time international students: £12,000 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
EU Home Students
- Second-class honors degree (2:2) or above from a UK university, or overseas equivalent, in a quantitative subject such as mathematics, physics, statistics, economics or engineering.
- major quantitative element
- subsequent work experience and/or education and training
- Merit or higher in a Graduate Diploma in economics, mathematics or statistics.
- professional qualifications and/or work experience
- **Maturity is actively supported.
International Overseas Students (Outside EU)
- Equivalents to the above UK entry requirements.
- 6.5
Language Proficiency Requirements
International Students (Non-English Speakers)
- IELTS Academic Test score of 6.5, with at least 6.0 in each sub-test.
Alternative options:
- Pre-sessional English courses
- Foundation programmes
