Department of Mathematics
MSc in Mathematics and Finance
The MSc course in Mathematics and Finance may be taken full or part-time. It introduces students to the more mathematical areas of pricing theory and risk management. Mathematical finance is a subject that is both mathematically challenging and deployed every day by sophisticated practitioners in the financial markets. Our objective is to provide you with everything you need to get into this area at a level where you can understand – and contribute to – industry practice and the latest research. To do this, the courses we offer are oriented in different ways. Some, given by Imperial College Business School, give a finance and economics background; others provide training in fundamental mathematics (stochastic analysis, partial differential equations, etc.). Scientific computing is an important part of the programme. A supervised thesis project takes place at the end of the programme during the summer. Unlike many other institutions which offer a similar qualification, we are generally able to ensure that all our students are given industry-based placements, in banks, consultancies, insurance or software companies.
Introductory courses
- Computing in C
- Mathematical analysis
- Statistical methods
Core courses
- Stochastic processes
- Numerical methods for finance
- Theory of finance
- Mathematical option pricing
- Computing in C++
Elective courses
- Numerical stochastics
- Stochastic differential equations and interest rate models
- Spectral theory for mathematical finance
- Credit risk
- International finance
- Risk management
