Quantitative Finance - Financial Engineering: The University of Manchester

Course description

Manchester Business School and the School of Mathematics have combined their academic strength and practical expertise to deliver the MSc Quantitative Finance  course which has two distinct pathways:

• Financial Engineering
• Risk Management

Ensuring that the mathematics element is accessible, the programme offers a good balance between mathematics and finance. They are particularly suitable for students with a degree in Finance, Financial Economics, Actuarial Science, Engineering, and Mathematics, as well as relevant work experience (non-compulsory).

The course provides an advanced knowledge and understanding of the main theoretical and applied concepts in quantitative finance and financial engineering, delivered from a genuinely international and multicultural perspective, and with a 'current issues' approach to teaching. The course is particularly useful for careers that involve designing new financial instruments and managing trading in them.

Module details

Typical compulsory and optional course units will include:

• Foundations of Finance Theory
• Stochastic Calculus
• VBA/C++ with Financial Applications
• Derivative Securities
• Financial Econometrics
• Interest Rate Derivatives
• Computational Finance
• Mathematical Modelling of Finance
• Real Options in Corporate Finance
• Credit Risk Management

Career opportunities

This course provides ideal preparation for a career in the finance industry specialising in designing and trading financial instruments. These financial engineers are expected to be proficient in computer programming and strong in financial mathematics. They have to be at ease with complex derivatives and creative enough to find solutions for pricing and hedging. The course also provides research skills for those who wish to pursue an academic career by studying at doctoral level.