Financial Mathematics

Qualification(s) available: MSc

Fees for the 2025-26 academic year
UK: 拢13,250
International: 拢29,950
Scholarships available
Entry requirements
2:1
Full-time
1 year
Part-time
Not available
Location
含羞草视频
Start date
October 2025
Department
Mathematical Sciences
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The depth of maths taught in our financial mathematics master's will give you the skills you need to succeed in the finance sector. It is also the ideal preparation if you want to pursue a research career in stochastic analysis, financial mathematics and other relevant areas.

The Financial Mathematics programme is designed to provide you with the strong mathematical skills, computational techniques and finance background needed to work in the financial sector. It could also open up careers in investment banking, hedge funds, insurance companies and the finance departments of large corporations.

Drawing on the expertise within our Department of Mathematical Sciences, you will undertake core specialised modules in stochastic analysis and measure theory, whilst also choosing optional modules covering wide-ranging topics of interest, including corporate finance, functional analysis and asset management. This makes the programme suitable both for those who are interested in an academic pathway (eg progressing to a PhD), as well as students seeking to enter the quantitative finance sector.

In addition, the 14 weeks at the end of the programme are devoted to an individual project (worth 60 credits), which you will complete under the supervision of your departmental supervisor – an excellent opportunity to connect with cutting-edge research ideas, as well as to build personal links with the finance industry.

As a postgraduate student, you will enjoy access to our computing laboratory which boasts a dedicated team to help you with any IT queries. You will also benefit from our £4 million refurbished department building, which has a spacious student activity area and dedicated state-of-the-art resources.

Why you should choose us

Top 20 in the UK for Mathematics The Guardian University Guide 2025
Top 20 in the UK for Mathematics The Complete University Guide 2025
100% of Mathematical Sciences research impact rated 'world-leading' or 'internationally excellent' REF 2021

Why you should study this degree

There is a strong demand within the finance industry for individuals with strong quantitative skills and a thorough understanding of financial mathematics, including the ability to specialise in derivative securities, investment, risk management etc.

Our Financial Mathematics master's will suit students seeking to develop the skills and knowledge necessary for employment in a range of financial sectors. It also includes a substantial research project that will build your research skills, providing excellent preparation if you plan to pursue further research or an academic career.

This programme:

  • Includes a 14-week individual project.
  • Is focused on mathematical applications in finance.
  • Is underpinned by best practice and latest research.
  • Provides dedicated mathematics resources in the £4million refurbished Schofield Building.
  • Enables you to access additional support and resources through the Mathematics Learning Support Centre.
  • Provides access to computing laboratory with dedicated IT team.

What you'll study

The following information is intended as an example only and is typically based on module information for the 2024/25 year of entry. Modules are reviewed on an annual basis and may be subject to future changes. Updated Programme and Module Specifications are made available ahead of each academic year. Please also see Terms and Conditions of Study for more information.

Our Financial Mathematics master's will provide you with a solid foundation in the core areas of industry-relevant mathematics.

Compulsory

The aims of this module are to:

  • provide a mathematical understanding of the Lebesgue measure and integration;
  • generalise concepts to abstract measure spaces;
  • build a solid rigorous mathematical background for students to proceed to stochastic analysis and financial mathematics.

The aim of this module is to:

  • to provide students with a rigorous mathematical introduction to the modern financial theory of security markets in discrete and continuous time models
  • to give students a solid theoretical background in the derivatives industry in discrete and continuous time models.

Optional

The aim of this module is to provide students with an understanding of the main models used for macroeconomic policy formulation at the graduate level.

The aim of this module is to provide students with a solid foundation of the econometric techniques and skills that form the basis for the quantitative/econometric modules of their master's course. The module aims to provide students, through lectures and computer lab workshops, with the practical techniques economists often use to handle, analyse and interpret economic data.

The aims of this module are to introduce the notions of a Lie group and Lie algebra and to study their properties and methods.

The aims of this module are:

  • to introduce manifolds, tensors and integration theory on manifolds;
  • to study basic geometric operations and their properties;
  • to discuss applications of geometric methods to submanifold geometry, differential equations and general relativity.

The aim of this module is to create awareness of the power and range of abstract mathematical concepts through a basic introduction to the methods of functional analysis.

The aim of this module is:

  • to introduce the basic concepts of programming on the practical level;
  • to introduce, explain, and implement numerical methods for solving ordinary and partial differential equations of industrial importance.

The aims of this module are:

  • to introduce the concept of small and large parameters in equations and how they can be exploited to simplify difficult mathematical problems;
  • to introduce a wide range of approximation techniques to analyse differential equations and integrals.

Compulsory

This module aims to

  • introduce numerical methods and associated theory for modelling of financial options;
  • teach students how to implement such numerical methods on computers;
  • gain experience in interpreting numerical results

The aim of this module is to introduce students to:

  • the basics of stochastic calculus by using Brownian motion as an integrator
  • mathematical modelling of pricing via the Black-Scholes model.

The aim of this module is to give the students experience of independent work in an area of mathematics with relevance or applications to the field of finance.

Optional

The aims of this module are for the student to become familiar with the fundamental concepts of financial economics, to be equipped for further study in more advanced topics and modules in finance, to learn how to model the behaviour of investors under conditions of uncertainty and how to apply theoretical models in both asset pricing and the evaluation of capital market efficiency.

Studying data science techniques for economic predictions is crucial in today's data-driven world, as it enhances forecasting accuracy and informs economic policy and strategy. The aim of this module is to equip students with the econometric skills necessary to interpret and leverage vast amounts of economic data to make reliable predictions. We will study the logic of predictive data analysis and the most widely used methods in contemporary economic literature.

This module aims to allow students to engage with and study issued related to the mechanics of currency markets, international finance and economics. It aims to use economic principles to examine international monetary arrangements and important historical policy episodes.

The aim of this module is to create awareness of the power and range of abstract mathematical concepts through a basic introduction to the methods of spectral theory.

The aim of this module is

  • To introduce both supervised and unsupervised methods for learning from data.
  • To introduce methods of dimensionality reduction.
  • To introduce the R statistical programming language for implementing methods using real data.

The aims of this module are to gain familiarity with modern qualitative theory of linear PDE's with particular emphasis on second-order equations as well as to study selected aspects of modern methods for simple nonlinear PDEs.

The aim of this module is to gain familiarity with theory and techniques of static optimisation and dynamic optimisation.

Compulsory

The aim of this module is to give the students experience of independent work in an area of mathematics with relevance or applications to the field of finance.

How you'll be assessed

You will be assessed by a combination of exams, reports, individual and group projects, and verbal presentations. You will spend approximately 14 weeks at the end of the programme devoted to an individual project.

How you'll study

  • Lectures
  • Seminars
  • Independent study
  • Group work
  • Workshops
  • Flexible learning
  • Access to online material

Where you'll study

The Department of Mathematical Sciences is based in the Schofield building, located centrally on the University campus. The building has recently undergone a 拢4 million refurbishment to equip it with dedicated resources for mathematics students.

As a postgraduate student, you will benefit from 24/7 access to computer labs in the Schofield Building and will also benefit from the co-location with the Mathematics Learning Support Centre.

The Department of Mathematical Sciences is part of the London Mathematical Society's Good Practice Scheme, which supports mathematics departments interested in embedding equal opportunities for women within their working practices.

The School of Science is committed to creating a diverse and inclusive working, learning, social and living environment that enables students to achieve their potential and which celebrates and encourages diversity. Our aim is to maximise opportunities for all.

learning support centre
Mathematics Learning Support Centre
workshop area
Mathematics Workshop Area
Haslegrave computer lab
Haslegrave Computer Lab

Entry requirements

Our entry requirements are listed using standard UK undergraduate degree classifications i.e. first-class honours, upper second-class honours and lower second-class honours. To learn the equivalent for your country, please choose it from the drop-down below.

Entry requirements for United Kingdom

A 2:1 honours degree (or equivalent international qualification) in Mathematics, Engineering or Science with a high mathematical content (50% of academic modules must be mathematically related).

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters 95% 85% 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplom毛 e Nivelit t毛 Pare (First Level (University) Diploma (from 2010) 9.5 8.5 8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence (4 year) / Diplome d'Inginieur d'Etat / Dipl么me d'Etudes Sup茅rieures 16 14 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura/ Licenciado (4 year) 8.5 7.5 6.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavri Kochum required but typically a Magistrosi Kochum 90% or 3.9 80% or 3.5 70% or 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Honours degree (AQF level 8) First Class, 80% Upper Second, 70%, H2A Lower Second, 60%, H2B
Ordinary degree - AQF Level 7 pass (mark 46 or 50) High Distinction (80% or 85%) Distinction (75% or 80%) Distinction (70% or 75%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree / Diplomstudium / Fachhochschuldiplom (Diplom (FH)) A (or 1.5) mit Auszeichnungbestanden 60% / B / (or 2) 60% / B / (or 2)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavr Diplomu/ Diplomu (Specialist Diploma) 4.5 or 90% 4 or 80% 3.5 or 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Bachelor of Science in Engineering (IEB and BAETE accredited courses only) 1st (70%) / 3.5 2nd (60%) / 3.0 2nd (55%) / 2.75
Masters (1-2 years) following a 3 or 4 year degree 80% / 4.0 65% / 3.25 50% / 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
University of the West Indies, Honours degree 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)
Barbados Community College 1st or GPA 3.75 2:1 or GPA 3.5 2:2 or GPA 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Specialist Diploma (5Yr) 9 7 5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor degree/Licenciaat/Licencie 80% or 17 70% or 14 60% or 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Maitrise 18 15 or Bien 12 or Assez Bien
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
A Licenciado, 4 years Private (public/private) 85/78 75/66 67/55
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma Visokog Obrazovanja / Diplomirani 10 9 8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's degree A or 80% B or 70% C or 60%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brazil - 4 yr Bacharel or Licenciado/Licenciatura or T铆tulo Profissional 8.5 7.5 6.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brunei First Upper Second (60%/B/3.1) Lower Second (50% or C or 2.5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 yr Diploma za Zavarsheno Visshe Obrazovanie (Diploma of Completed Higher Education) 6 5 4
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters or Dipl么me d'脡tudes Approfondies or Dipl么me Ing茅nieur (professional title) 18 15/20 (Bien) 12.5/20 (Assez Bien)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters 80% or B+ or 3.5 70% or B or 3.0 60% or C+ or 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor degree or Diplome d'Etudes Superiures de Commerce or Diplome d'Ingenieur or Dipl么me d'Ing茅nieur de Conception or a Maitrise, 4 year Licence or Master 1 (M1) 1st / 3.6 or 15/Tres Bien 2:1 / GPA 3.0 or 14 / Bien 2:2 / GPA 2.5 or 12.5/ Assez Bien
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0/Percentage 3.7/85% 3.3/75% 2.7/68%
Out of 9 8 6 5
Out of 12 10 8 6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Grado de Licenciado / T铆tulo (Profesional) de [subject area] (4 years) 6 5.5 5

Students are required to have a bachelor degree (4 years) for entry to a postgraduate programme. The University uses the Shanghai Academic Ranking of World Universities to identify the required final mark, as outlined on the table below:

First class (70%) Mid 2:1 (65%) 2:1 (60%) Mid 2:2 (55%) 2:2 (50%)
Shanghai Rank Top 250 83% 79% 75% 73% 70%
Shanghai Rank 251-500 88% 84% 80% 78% 75%
Shanghai Rank 501+ 92% 87% 84% 82% 80%

The University will consider students from Affiliated Colleges in the following way:

Applicants from colleges affiliated to universities in the top 250 Shanghai rankings will be considered if they have achieved or are likely to achieve final marks of 75%-84%.

Applicants from colleges affiliated to universities which are 251-500 in the Shanghai rankings will be considered if they have achieved or are likely to achieve final marks of 80%-87%.

Applicants from colleges affiliated to universities which are above 500 in the Shanghai rankings will be considered as follows:

  • School of Business and Economics: not considered
  • All other programmes if they have achieved or are likely to achieve final marks of 80%-87%.

Applicants from a small number of Chinese universities that specialise in business, management, finance or creative arts will be given special consideration by the University. The full list of these universities and the Shanghai band under which they will be considered can be found below:

Table of Chinese universities for special consideration

‌*Special consideration for programmes in School of Sport, Exercise and Health Sciences and Institute for Sport Business only.

Students who do not meet the above requirements may occasionally be considered if they have a relevant degree, can show good grades in relevant subjects, and/or have substantial relevant work experience.
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado / T铆tulo de [subject area] 4.5 3.75 3.2
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado 9 8 or 80 7 or 75
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Baccalaureus / Prvostupnik 4.5 3.8 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year Titulo de Licenciado / Licenciatura 5 4 3
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cyprus 8.5 7.0 6.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakal谩r (after 2001) 6 yr integrated Magistr 1 1.5 2
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 year Candidatus/Candidata Magisterii or Bachelor degree (7 point scale) 12 10 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Licenciado or T铆tulo de [subject area] 3.8 Magna Cum Laude or 3.5 or 85% Cum Laude or 3.2 or 82%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
T铆tulo de Licenciado / T铆tulo de [subject area] 8.5 / 85% 8 / 80% 7 / 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Egypt 3.5 3.2 2.8
Universities only BA 90%, BSc 85% BA 80%, BSc 75% BA 65%, BSc 65%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 year Licenciado, T铆tulo de Ingeniero/Arquitecto 8.5, 85% 7.5, 75% or Muy Bueno 6.5, 65% or Bueno
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalaureusekraad or Magister or Magistrikraad 5 or 91% or A 4 or 81% or B 3 or 71% or C
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's A/GPA 4.0 A/GPA 3.5 B/GPA 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kandidaattii/Kandidat or the Maisteri/Magister 3 (out of 3) or 4.5 (out of 5) 2 (out of 3) or 3 (out of 5) 1 (out of 3) or 2.5 (out of 5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence (3 years)/ Maitrise/ Dipl么me d'Ing茅nieur 14 13 11
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year degree (% = new system) 5 (95%) 4.0 (85%) 3.5 (75%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
German Bachelor/ Diplom, Magister Artium / Zeugnis 眉ber den Zweiten Abschnitt der 脛rztlichen Pr眉fung 1.5 2.5 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ghana First Upper second/60% Lower second/50%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Universities 8.5 7.0 6
TEI and non-University Institutions 8.5 7 6.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of West Indies - classification 1st, 70% (GPA 3.6) 2:1, 60% (GPA 3.00) 2:2, 50% (GPA 2.5)
Degree from University of West Indies - grade / percentage A B / 75% C / 55%
Degree from University of West Indies - GPA 3.6 3.0 2.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Liceniado / Titulo de (subject area) - 4 years 90% (public university) / 95% (private university) 80% (public university) / 85% (private university) 60% (public university) / 70% (private university)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's GPA 4 GPA 3.5 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
T铆tulo de Licenciado / Grado Acad茅mico de Licenciatura (4 year degree) - GPA out of 5 GPA 5 or 90% GPA 4 or 80% GPA 3.5 or 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
1st or 3.5/4 2:1or 3/4 2:2 or 2.5/4 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Alapfokozt or Egyetemi Oklevel / Bachelor 4.5 3.5 3
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Baccalaurreatus degree or Kandidatsprof/Candidatus Mag 8.5 7.5 6.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Institutions listed on the National Institutional Ranking Framework 65% (First) 60% (First) 55% (Upper second)
All other Indian institutions 70% (First with distinction) 65% (First) 60% (First)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sarjana I (S1) from accredited Universities 3.3 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iran 17 15 13
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iraq 80% 75% 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Republic of Ireland First (70%) Upper second (60%) Lower second (50%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
3 yr Bachelor Degree 90% 80% 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma di Laurea 109/110 100/110 90/110
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplome d'Etude Approfondies, Diplome d'Etude Superieures or Diplome d'Etude Superieures 16 14 (Bien) 12 (Assez Bien)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
For degrees studied at The University of West Indies or degrees accredited by UCJ and CCCJ 1st (GPA 3.6) 2:1 (GPA 3.0) or B 2:2, 50% (GPA 2.5)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Gakushi 鈥� GPA 4.0 scale 85% or A or 3.5 80% or B or 3.0 70% or C or 2.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3 or 3.5/5 or 75% 2.5 (or 3.0/5) / 63%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 5.0/percentage scale 4.5 or 90% 4 or 85% 3.5 or 80%
GPA 4.33 scale 3.9 3.7 3.2
GPA 4.0 scale 3.7 3.4 3
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kenya First / 70% / A Upper second / 60% / B Lower second / 50% / C
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kosovo 10 9 8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.6 3.0 2.6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Latvia 9 7 6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
American 90% (3.5) 80% (3.2) 70% (2.8)
French 18 15 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's 4.0 or 90% 3.5 or 85% 3 or 80%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
BSc Engineering, Architecture, Medicine 85 (3.6) 75 (3.0) 65 (2.5)
Other bachelor's degree from a university 90 (4.0) 85% (3.6) 75% (3.0)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lithuania 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Luxembourg 18 (excellent) 16 (tres Bien) 14 (bien)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macau 1st or GPA 3.7 2:1 or GPA 3.0 2:2 or GPA 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Magistar 袛懈锌谢芯屑懈褉邪薪 / 袘邪褑褑邪谢邪褍褉械褍褋 / 袘邪褑褑邪谢邪褍褉械邪 (Bachelor degree) 10 9 8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's only MSc 75% MSc 70% MSc 65%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Classification First Class 2.1 GPA 2.5
GPA 4.0 scale 3.5 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Malta 1st (80%) 2:1 (70%) 2:2 (55%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mauritius 1st or 70% 2:1 or 60% 2:2 or 50%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura / Licenciado/ T铆tulo (Profesional) de [subject area] 8.5 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Licen牛膬 (Diploma of Licentiate) 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
袛懈锌谢芯屑 小锌械褑懈邪谢懈褋褌邪 (Specialist Diploma) 90% or 3.5 80% or GPA 3.2 70% or GPA 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma of Completed Undergraduate Studies or Diploma of Professional Undergraduate Studies 10 (or 5.0) 9 (or 4.5) 8 (or 4.0)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Dipl么me d'Ing茅nieur d'脡tat, Dipl么me d'脡coles Nationales de Commerce et de Gestion, Licence / Licence d'脡tudes Fondamentales / Licence Professionnelle 16 14 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mestrado/ Grau de Mastre 16 14 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
2 year Master's degree 5 or 85% 5 or 75% 4.5 or 65%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year Bachelor Honours (post 2008) or Masters 80% or A 70% or B 60% or C
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's (after 3 year bachelor degree) 80% or 3.7 GPA 65% or 3.3 GPA 60% or 3.0 GPA
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Netherlands 8 7 6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Honours degree (480 credits) - Level 8 First (7.0) Upper Second (6.0) Lower Second (4.0)
3 Year degree (360 credits) - Level 7 A+ (9.0) A- (7.0) B+ (6.0)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura (4 year) 90% 80% 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
7 point Scale 6 5 3.0 (on 5 point scale)
5 point scale 4.5 3.8 3.5
4 point scale 3.5 3 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Norway A / 1.8 B / 2.3 C / 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year degree only (the higher of the 2 options) A- or GPA 3.7 B or GPA 3.0 C+ or GPA 2.6
2 or 3 year Bachelor plus Masters 1st (60%) plus GPA 3.7 2nd (55%) plus GPA 3.0 2nd (50%) plus GPA 2.6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (4-years) (85%) 3.5 (80%) 3.0 (70%) 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Licenciado / T铆tulo de [subject area] 91 (A) 81 (B) 71 (C)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Honours) Degree 1st 2:1 2:2
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year T铆tulo de Licenciado / T铆tulo de [subject area] 4.5 (85%) 4 (80%) 3.5 (75%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year T铆tulo de Licenciado / T铆tulo de [subject area] 14 13 12
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from prestigious state universities or Centres of Excellence (COE) Summa Cum Laude 4.0 / 96% / 1.0 Magna cum Laude 3.5 / 92% / 1.5 Cum Laude 3.0 / 87%/ 2.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor Degree (post 2003) Magister (pre- 2003) 5 4.5 4
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Estudos Superiores Especializados (DESE) or Licenciado 18 16 14
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Licenta/ Diploma de Inginer 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavr/Specialist Diploma/Magistr 4.5 4.0 3.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year bachelor (Hons) degree (480 credits) 1st, 16/20 (80%) 2:1,14/20 (70%) 2:2, 12/20 (60%)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8
GPA 5.0 scale 4.5 3.75 3.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Maitrise, Diplome d'Etude Approfondies, Diplome d'Etude Superieures or Diplome d'Etude Superieures Specialisees 16/20 or Tres Bien 14/20 or Bien 12/20 or Assez Bien
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplomirani/ Bachelor's degree 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Honours degree or masters 1st (70%) 2:1 (60% or B) 2:2 (50% or C)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Hons) First Upper second Lower second
GPA 4.0 scale 3.7 3.0 2.7
GPA 5.0 scale 4.5 3.5 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakal谩r (from 2005) Magister / Inzinier 1.5 or B 2.0 or C 2.5 or C/high D
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
University Diplom 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Honours) or B Tech after 4 yrs study 1st or 75% 2:1 or 70% 2:2 or 60%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA out of 4.5 4.0 / A 3.5 / B 3.0 / C+
GPA out of 4.3 4.0 / A 3.0 / B 2.7 / C+
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado / T铆tulo de Ingeniero / T铆tulo de Arquitecto 8.5 7 6.5
UCM grading 3.0 2.0 1.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Professional degree or Bachelor Special or Honours degree 90%, GPA 3.70 80%, GPA 3.30 70%, GPA 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year degree 1st, 70%, B+ 2:1, 66% mid 2:2, 60%, B
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kandidatexamen or Magisterexamen Overall grade of VG with a minimum of 120 credits at VG B or Overall grade of VG with a minimum of 90 credits at VG C or Overall grade of G with a minimum of 90 credits at G
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor Degree, Diplom or Lizentiat (10/6/5) 10 / 6 / 1 8 / 5 / 2 6 / 4 / 3
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
State universities 4 years of study 80% 70% 60%
Private universities 4 years of study 90% 80% 70%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Category 1 (4 year degree) 80% 75% 70%
Category 2 (4 year degree) 85% 80% 75%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
袛懈锌谢芯屑 褋锌械褑懈邪谢懈褋褌邪 - Specialist Diploma 5 4.5 4
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tanzania 1st 2:1 2:2
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
For degrees studied at The University of West Indies or degrees accredited by ACTT 1st or GPA 3.6 2:1 or GPA 3.0 2:2 or GPA 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence, Ma卯trise, Dipl么me National d'Ing茅nieu 16 (tres bien) 14 (bien) 11 (assez bien)
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lisans Diplomasi or a M疟hendis Diplomasi 3.5 3 2.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Yr Bakalavr, Specialist Diploma or Magistr 5 4.5 4
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uganda 1st or 4.4 2:1 or 3.8 2:2 or 3.0
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Dyplom Magistra or a Bachelors degree (11 / 5) 4.5 4.0 3.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.6
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.2 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado (4 year) 9 8 7
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Majistr Diplomi / Diplomi (Specialist Diploma) 90% or GPA 4.5 80% or GPA 4.0 70% or GPA 3.5
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado/Professional title. (4 year) 18/20 or 8/9 16/20 or 7/9 14/20 or 6/9
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
10-point scale 8.0 7.0 6.0
4-point scale 3.5 3.0 2.8
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's A or 4.0 or 80% B+, 3.5 or 70% B or 3.0 or 60%
First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
3/4 year degree 1st or 75% 2:1 or 65% 2:2 or 60%

English language requirements

Applicants must meet the minimum English language requirements. Further details are available on the International website.

Fees and funding

October 2025 start

UK fee

拢13,250 Full-time degree per annum

International fee

拢29,950 Full-time degree per annum

What's included in your tuition fees Fee status Pay in advance or instalments

Scholarships and bursaries

There are scholarships and bursaries available to help with funding your study.

10% off tuition fees

含羞草视频 Alumni Bursary

Up to 20% off tuition fees

Excellence Scholarship
Master's degree funding

Your development

Our Department of Mathematical Sciences is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

This programme will support your personal development by equipping you with the skills needed for a career in finance. In particular, you will be introduced to the vital mathematical modelling techniques and will gain experience of the application of computer software in the solution of mathematical problems. You will also develop in both independent working and group work, whilst growing your time management, organisational, IT, presentation and communication skills.

Your future career

A master's in Financial Mathematics may lead to a wide range of employment within industry, the financial sector and research establishments. It also provides an ideal foundation for postgraduate research in stochastic analysis, probability theory, mathematical finance and other relevant areas.

Our graduates have been able to pursue rewarding careers with analyst roles in business, finance, data and risk.

Recent graduate destinations include:

  • Deloitte
  • HSBC
  • JPSS
  • Lloyds Banking Group