Mathematical Finance MSc

Program Overview

MSc Mathematical Finance

Overview

Our conversion programme offers a solid foundation in financial and mathematical theory for those with or without a prior specialist mathematics or finance education. Gain financial expertise from the University of Exeter Business School alongside mathematical skills from our internationally respected Mathematics department.

Entry Requirements

• A good degree (normally a 2:2).
• Successful applicants will usually have at least an A-level or equivalent in Mathematics and/or have received quantitative skills training as part of their undergraduate programme or professional experience.

Course Content

The MSc Mathematical Finance offers a solid foundation to the tools, theory, and practice required for a career in finance or related professions. The heart of the programme is our case studies module, structured around current and practical issues within the mathematical finance industry.

Compulsory Modules

• MTHM059: Case Studies in Mathematical Finance (30 credits)
• MTHM002: Methods for Stochastics and Finance (15 credits)
• MTHM003: Analysis and Computation for Finance (15 credits)
• BEAM047: Fundamentals of Financial Management (15 credits)
• MTHM006: Mathematical Theory of Option Pricing (15 credits)
• MTHM060: Actuarial and Mathematical Finance Project (60 credits)

Optional Modules

• Select 30 credits from the following modules:
  • BEAM032: Investment Analysis 1 (15 credits)
  • BEAM031: Financial Instruments (15 credits)
  • BEAM029: Topics in Financial Economics (15 credits)
  • BEAM033: Banking and Financial Services (15 credits)
  • BEAM035: Derivatives Pricing (15 credits)
  • BEAM036: Domestic and International Portfolio Management (15 credits)
  • BEAM038: Investment Analysis II (15 credits)
  • BEAM046: Financial Modelling (15 credits)
  • BEAM050: Advanced Corporate Finance (15 credits)
  • BEAM078: Applied Empirical Accounting and Finance (15 credits)
  • BEEM012: Applied Econometrics 2 (15 credits)
  • BEEM011: Applied Econometrics 1 (15 credits)
  • MTHM048: Ergodic Theory (15 credits)

Course Variants

Mathematical Finance with Professional Placement MSc

• Combine your masters in Mathematical Finance with work experience in the UK, putting your learning into practice while studying.
• Studied over two years, you’ll have the opportunity to gain valuable professional experience by completing a 9-12 month work placement in a role relevant to your degree.
• Become a sought-after professional with strong industry experience.

Fees

2025/26 Entry

• UK fees per year: £13,700 full-time, £2,740 with Professional placement (second year)
• International fees per year: £29,100 full-time, £5,820 with Professional placement (second year)

Teaching and Research

Teaching is by lectures, example classes, computer classes, tutorials, set work, project work, reading, and self-study. The exact form and number of the lectures and tutorials varies from module to module and is chosen according to the material to be covered.

You will use the computer programming language Matlab and online financial databases such as Bloomberg and Datastream.

Careers

The University of Exeter has an established reputation of training tomorrow's great minds to a high standard, so when it comes to life after graduation you can be confident that you are starting your next professional adventure in a prime, leading position.

Related Courses

• Mathematics MSc
• Finance and Management MSc
• Finance and Investment MSc

Why Exeter?

• Student life
• Our campuses
• International students
• Accommodation
• Apply for a Masters
• Immigration and visas
• Tuition fees and funding