The quantitative finance skills that you will develop in the MSc Financial Engineering programme are sought after by major employers in the sector. The need to develop more effective pricing and hedging models for complex financial products is more important than ever following the most recent global financial crisis. Our compulsory modules provide a firm grounding in probability theory, stochastic calculus, derivatives pricing, quantitative and numerical methods, structuring products, volatility analysis, and the modelling of credit, equity, foreign exchange and interest rate derivatives. We also provide a thorough training in C++ and other programming tools.
Optional modules will allow you to focus on risk analysis, portfolio management, designing trading strategies or econometric analysis. A good background in mathematics is required for acceptance to this programme.
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Many of our financial engineering graduates are now working as Quants in large London banks and other financial institutions. Others have pursued PhDs and have successful academic careers. Financial instruments are becoming ever more sophisticated, so graduates that understand complex modelling techniques are always in great demand. The high quantitative content of this programme opens many doors to a wide range of careers. You could structure and develop new debt or equity solutions to meet clients funding and hedging needs, or you could become a proprietary trader in exotic derivatives, or a software specialist or a quantitative analyst supporting the traders.
Part 1 Modules
Compulsory modules
Quantitative Methods for Finance (ICM103)
Securities, Futures and Options (ICM107)
Fixed Income and Equity Investments (ICM108)
Stochastic Calculus and Probability (ICM127)
Part 2 Modules
Compulsory modules
Students on the 9-month (12-month) programme can select 30 (10) credits from the following modules:
Optional modules
Students on the 9-month (12-month) programme can select 30 (10) credits from the following modules:
Part 3 Modules (12-month only)
Optional modules
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