Year of entry2018
Start dateOctober 2018
Two years part-time
Two to three evenings a week, October to June
While practically orientated, this postgraduate degree in applied statistics and financial modelling proceeds from a strong theoretical background so as to develop your ability to tackle new and non-standard problems with confidence. The mutual dependence of practice and theory is emphasised wherever possible.
The programme is ideal if you are considering a career move into statistics, or if your work already involves aspects of data collection and exploration, the interpretation of statistics, or the use of advanced stochastic modelling techniques in the area of quantitative finance.
The programme has been specially designed to meet the personal and career development needs of people who want to continue working while also studying in the evening. Many of our students, as part of their everyday work, are involved in data analysis, the interpretation of statistics, the optimal design and control of systems, and the modelling and prediction of time-dependent phenomena. They bring a wealth of knowledge and experience into the classroom, and you’ll find yourself surrounded by committed, enthusiastic students from all backgrounds, careers and cultures.
- Covers both theory and application of stochastic and statistical modelling techniques required to solve applied problems in industry, the public services, scientific research and commerce.
- Accredited by the Royal Statistical Society - graduates are normally granted Graduate Statistician (GradStat) status.
- Birkbeck brings together research and teaching across economics and finance, mathematics and statistics in a single department, which creates significant interdisciplinary synergies.
- Our teaching is informed by the needs of employers and you will be taught by academics who are professional practitioners involved in the world of economics and international finance. They provide specialist advice and in-house training for government departments, City firms and banks.
- Our Department houses five research groups, in Applied Mathematics and Finance, Econometrics and Statistical Science, Macroeconomics, Microeconomics, and Pure Mathematics, which host visiting speakers and organise seminars. The Birkbeck Centre for Applied Macroeconomics and the Commodities Finance Centre are our two research centres, which disseminate research, host events and house visiting academics.
- You will have access to a wide range of study resources, including University of London seminar programmes in probability and statistics, and excellent library facilities close by in Bloomsbury. Extensive computing facilities include PCs and UNIX platforms.
In Year 1, you take two core modules.
In Year 2, you take two compulsory modules (30 credits), choose option modules (30 credits) and complete a project in applied statistics.
You can choose option modules from the list below or from further modules approved by the programme director.
Core modules provide a broad education and training in statistics and stochastic modelling at postgraduate level, while the second-year option modules and project may be selected to further your own interests and career objectives.
Year 1 core modules
Year 2 compulsory modules
- Continuous Time Stochastic Processes
- Mathematical and Numerical Methods
- Stochastic Processes and Financial Applications
MSc Applied Statistics and Financial Modelling project
Indicative option modules
- Analysis of Dependent Data
- Bayesian Methods
- Computational Statistics
- Continuous Time Stochastic Processes II
- Financial Econometrics
- Further Statistical Analysis
- Individually Prescribed Reading Course Applied Statistics
- Mathematical Methods of Operational Research
- Medical Statistics
- Special Topics Applied Statistics
- Statistical Learning
- Stochastic Methods of Operational Research
- Stochastic models and forecasting
We welcome a wide range of qualifications, from the UK and abroad, and we will also consider your non-academic achievements.
A good upper second-class degree or above, with mathematics or statistics as a main subject.
International entry requirements
If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.
If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses, foundation programmes and language support services to help you improve your English language skills and get your place at Birkbeck.
Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.
Credits and Accredited Prior Learning (APL)
If you have studied at university previously, you may have accumulated credits through the modules you studied. It may be possible to transfer these credits from your previous study to Birkbeck or another institution. You should discuss this with the Programme Director when you are making your application.
We offer advice on all the options for financing your studies. You can pay your fees interest-free by direct debit and postgraduate loans are available for all Home/EU students.
Part-time home/EU students (2017-2018): Year 1 £4250 pa; Year 2 £7975pa.
Part-time overseas students (2017-2018): Year 1 £7225 pa; Year 2 £10,275 pa.
Please note: the tuition fee indicated here is for 2017-18. The tuition fee for 2018-19 is subject to an inflationary increase.
Students are charged a tuition fee in each year of their programme, which is confirmed annually at enrolment. Tuition fees for students continuing on their programme in following years may be subject to annual inflationary increases. For more information, please see the College Fees Policy.
Teaching and assessment
Our innovative, engaging teaching is designed to support students who are juggling evening study with work and other daytime commitments.
At Birkbeck, almost all of our courses are taught in the evening and our teaching is designed to support students who are juggling evening study with work and other daytime commitments. We actively encourage innovative and engaging ways of teaching, to ensure our students have the best learning experience. In the 2017 Teaching Excellence Framework (TEF), the government’s system for rating university teaching, Birkbeck was allocated a Silver award.
Teaching may include formal lectures, seminars, and practical classes and tutorials. Formal lectures are used in most degree programmes to give an overview of a particular field of study. They aim to provide the stimulus and the starting point for deeper exploration of the subject during your own personal reading.
Seminars give you the chance to explore a specific aspect of your subject in depth and to discuss and exchange ideas with fellow students. They typically require preparatory study.
In addition, you will have timetabled meetings with your Personal Tutor.
Methods of teaching on this course
Most scheduled teaching sessions are either lectures, or practical computing sessions held in a workstation room, which make use of modern statistical and mathematical software.
Lectures present theory, worked problems and example applications to the class as a whole. Workstation sessions allow you to gain practical experience in the analysis and modelling of data. They are therefore self-paced and very informal, with students working individually using detailed guidance notes while members of staff provide tutorial assistance.
Timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online (if you have been invited to enrol).
Indicative class size
Class sizes vary, depending on your course, the module you are undertaking, and the method of teaching. For example, lectures are presented to large groups, with 30 to 100+ students in attendance, whereas seminars usually consist of small, interactive groups of 10 to 30 students, led by an academic.
Birkbeck offers study and learning support to undergraduate and postgraduate students to help them succeed. Our Learning Development Service can help you in the following areas:
- academic skills (including planning your workload, research, writing, exam preparation and writing a dissertation)
- written English (including structure, punctuation and grammar)
- numerical skills (basic mathematics and statistics).
Our Disability and Dyslexia Service can support you if you have additional learning needs resulting from a disability or from dyslexia.
Our Counselling Service can support you if you are struggling with emotional or psychological difficulties during your studies.
Our Mental Health Advisory Service can support you if you are experiencing short– or long-term mental health difficulties during your studies.
Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations. You will be given time to complete coursework and prepare for exams.
Unseen written examinations are usually taken in the Summer term, during May to June, and, in most cases, are held during the day on a weekday – if you have daytime commitments, you will need to make arrangements for daytime attendance. Exam timetables are published online in March each year.
Methods of assessment on this course
Written examinations in May/June (daytime), assessed coursework throughout both years and a project to be completed by 1 September at the end of the second year.
As well as a mark for your coursework and exams, you will also receive feedback from your marker(s) to help you learn, improve and succeed. We encourage you to discuss feedback with your module tutor.
Feedback can come in different forms: notes via Moodle (our online learning environment); a paper copy of a completed feedback form; or in-class or face-to-face feedback. The College Policy on Feedback on Assessment sets out what you can expect from your feedback.
Your department will usually provide you with your marked coursework within four weeks of submission. Your initial mark is provisional until the relevant Board of Examiners has confirmed it.
Your official coursework and exam results will be made available to you via your My Birkbeck Profile online.
Careers and employability
To help you get ahead in your career, we offer free advice and training and our recruitment consultancy, Birkbeck Talent, can connect you with employers.
Careers and employability
Graduates can pursue careers in data collection, research, and analysis, modelling and forecasting. Possible professions include statistician, operational researcher, or research scientist (maths). This degree may also be useful in becoming a forensic statistician or higher education lecturer.
Further information about careers in statistics is available from the Royal Statistical Society website.
Find out more about the destinations of graduates in this subject.
We offer a comprehensive Careers and Employability Service to help you advance your career, while our in-house, professional recruitment consultancy, Birkbeck Talent, works with London’s top employers to help you gain work experience that fits in with your evening studies.
How to apply
Once you've found the course that's right for you, here's what to do next to get your place at Birkbeck.
How to apply
You apply directly to Birkbeck for this course, using the online application.
Birkbeck can give you all of the information and help you need to complete your application form, including our online personal statement tool, which will guide you through every step of writing your personal statement.
Application deadlines and interviews
You should apply as early as possible and by the beginning of September at the latest. We need to receive your supporting documents, i.e. your transcript, before we can proceed with your application.
Interviews by arrangement.
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