Program Overview
Financial and Computational Mathematics MSc Program
The University College Cork (UCC) offers a Master of Science (MSc) program in Financial and Computational Mathematics. This postgraduate program is designed to equip graduates with the necessary skills to pursue a successful career in quantitative finance.
Course Outline
The MSc program in Financial and Computational Mathematics is a one-year, full-time course that provides a solid grounding in computational finance, machine learning techniques, and mathematical finance. The program includes a team-based research project with opportunities to work with industry partners.
- Part I (60 credits): Core modules include Probability Theory in Finance, Derivatives, Securities, and Option Pricing, Computational Finance I and II, Topics in Financial Mathematics, Continuous-Time Financial Models, Numerical Methods and Applications, and Optimisation.
- Elective Modules (15 credits): Students can choose from a range of elective modules, including Applied Stochastic Differential Equations, Scientific Computing with Numerical Examples, Partial Differential Equations, Data Analysis II, Machine Learning and Statistical Analytics I and II, and Introduction to Relational Databases.
- Part II (30 credits): A dissertation in Financial and Computational Mathematics is required, which involves a substantial research project and a workshop where students present their findings to peers and the course team.
Career Opportunities
Graduates of this program have been recruited to various roles in the financial sector, including risk management, regulatory, and wealth management/investment positions. The program also serves as a route to further study in this area.
Requirements
To be eligible for the program, candidates must have:
- Obtained at least a 2.2 degree or equivalent in the mathematical sciences or another quantitative subject.
- Demonstrated prior experience of probability and statistics, linear algebra, multivariate calculus, ordinary differential equations, and programming (for candidates with an engineering or physics background).
- An IELTS score of 6.5 (or TOEFL equivalent) with no less than 6.0 in each individual category (for non-native English speakers).
Fees and Costs
The tuition fees for the program are available on the UCC website. A non-refundable application fee of 50 applies.
Why Choose This Course
The MSc program in Financial and Computational Mathematics at UCC provides students with the skills necessary to pursue a successful career in quantitative finance. The program is delivered by faculty staff from the School of Mathematical Sciences, who are internationally recognized for their research. The course is also supported by industry partners, ensuring relevance to current industry practice.
Connected Curriculum
The program reflects UCC's commitment to the Connected Curriculum, which emphasizes the connection between students, learning, research, and leadership.
Available Scholarships
UCC supports its postgraduate community by offering scholarships and bursaries to prospective and current students.
Skills and Careers Information
Graduates will be prepared for quantitative roles in the financial services sector, including financial engineering, quantitative finance, investment analysis, and fund management. The program also serves as a route to further study in this area.
Contact Details
For queries regarding course content or timetables, please contact the relevant department.