Master’s in Mathematical Finance

Master’s in Mathematical Finance

Master degree programs in Mathematical Finance combine the study of advanced applied mathematics with the study of financial markets. Students use statistical modeling, probability and other mathematical concepts to analyse market states, make prediction and weigh different types of financial risks. This highly rigourous and challenging program provides a deep understanding of how financial markets functions.

What Is a Master’s in Mathematical Finance?

A Master’s in Mathematical Finance is a postgraduate course of study that may take between one and three years to complete. Many programs offer part-time study to accommodate working professionals. A strong mathematical background is important for success in such a program. Students cover a variety of topics in applied mathematics, research methods, finance and economics. The typical curriculum may include some combination of the following:

  • Economics and Financial Markets
  • Stochastic Calculus and Finance
  • Informatics and Simulation in Financial Modeling
  • Trading and Exchanges
  • Financial Risk Management
  • Mortgages and Markets
  • Nonparametric Statistics
  • Statistical Inference Methods
  • Numerical Analysis
  • Applied Probability
  • Stochastic Differential Equations
  • Numerical Solution of Partial Differential Equations
  • Computation
  • Filtering Theory
  • Mathematical Theory of Optimal Control
  • Investment Analysis
  • Applied Finance and Securities
  • Fixed-Income Securities
  • Data Analysis

Many programs offer opportunities for internships and practical projects. While some allow students to specialise and select from a wide range of electives, others require that students take an equal number of courses in applied mathematics, finance, economics and econometrics. Students may also need to take courses in field-specific research and analysis methods. Depending on the specific program, incoming students may need to take additional courses to fill knowledge gaps. Typically, students who enter Master’s in Mathematical Finance programs have an undergraduate degree in applied mathematics, economics or finance. Some programs may consider significant professional experience in lieu of academic credentials.

What Are the Benefits of Getting a Master’s in Mathematical Finance?

Students who earn a Master’s in Mathematical Finance acquire an impressive set of skills in applied mathematics, finance and applied statistics. In addition, opportunities such as internships enable students to improve their presentation skills as well as their ability to apply theoretical rules to real-world situations. Some other transferable skills include data analysis and risk management, written and oral communication, and leadership abilities.

What Kind of Career Can You Expect With a Master’s in Mathematical Finance?

A Master’s degree in Mathematical Finance is an impressive credential that opens the door to careers in many types of sectors. Graduates often find employment in areas such as:

  • Corporate Finance
  • Investment Banking
  • Risk Management
  • Portfolio Management
  • Wealth Management
  • Commercial Banking
  • Real Estate
  • Insurance
  • Financial Planning

Mathematical Finance Master’s degree holders usually find positions as financial analysts, quantitative modelers, financial researchers, risk analysts, financial statistical analysts and financial data study designers. They may work for large corporation or banks, boutique investment firms or as independent advisors and consultants. Earning a Master’s in Mathematical Finance can create a wide choice of options when it comes to choosing a career. This degree program can be also be a career booster for students currently holding entry-level positions in finance-related occupations.