Program Overview

Financial Mathematics MSc

Overview

The Financial Mathematics MSc is a unique course that encompasses the essential skills required for successful risk management, trading, and research in quantitative finance. The program covers a diverse range of topics, from classical options pricing theory to post-crisis financial mathematics on optimal hedging, investment, and risk management.

Key Information

• Study mode: Full-time, Part-time
• Duration: One year full-time, two years part-time
• Credit value: UK 180/ECTS 90
• Application status: Open
• Start date: September 2025

Entry Requirements

UK Applicants

• Standard requirements: A minimum high 2:1 undergraduate Bachelor's (honours) degree with a final mark of at least 65% or above
• Programme-Specific Requirements: Bachelor's degree with a minimum High 2:1 honours degree with a final mark of at least 65% or above in mathematics or mathematics-based subject

International Applicants

• Equivalent International qualifications: Select a country to view equivalent qualifications
• English language requirements: English language band D

Teaching and Structure

• Teaching methods: Lectures, Group Tutorials, Independent Study
• Assessment: Coursework, Written/Practical Examinations, Class Tests, Quizzes
• Structure: Courses are divided into modules, with required and optional modules

Required Modules

• Probability Theory (15 credits)
• Risk Neutral Valuation (15 credits)
• MSc Financial Mathematics Project (60 credits)
• Mathematical Analysis for Financial Mathematics (0 credits)

Optional Modules

• Financial Markets (15 credits)
• Statistics in Finance (15 credits)
• Stochastic Analysis (15 credits)
• C++ for Financial Mathematics (15 credits)
• Interest Rates and Credit Risk (15 credits)
• Econophysics (15 credits)
• Machine Learning (15 credits)
• Numerical and Computational Methods in Finance (15 credits)
• Elements of Statistical Learning (15 credits)
• Scientific Computing for Finance (15 credits)
• High-Frequency Finance (15 credits)
• Stochastic Control and Applications to Algorithmic Trading (15 credits)

Employability

• Our graduates are highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms, and trading companies
• Recent employers of our graduates include Capital Investment, Credit Suisse, European Bank for Reconstruction & Development, Fitch Ratings, HSBC, and Morgan & Stanley

Tuition Fees

• UK: £13,500 per year (2025/26) full-time, £6,750 per year (2025/26) part-time
• International: £40,000 per year (2025/26) full-time, £20,000 per year (2025/26) part-time

Deposit

• Home deposit: £500
• International deposit: £2000

Additional Costs

• Books
• Clothing for optional course-related events and competitions
• Library fees and fines
• Personal photocopies
• Printing course handouts
• Society membership fees
• Stationery
• Graduation costs
• Travel costs for travel around London and between campuses

Funding

• Bursaries
• Scholarships
• Grants
• Tuition fees
• Living expenses
• Student loans
• Other financial help available at King's

Application Closing Date Guidance

• Overseas (international) fee status: 25 July 2025 (23:59 UK time)
• Home fee status: 25 August 2025 (23:59 UK time)