Mathematics and Financial Modelling (MSc)

Year of entry


Start date

October 2018


Central London


Fully Approved


Two years part-time


Two to three evenings a week

The MSc in Mathematics and Financial Modelling offers you the opportunity to increase your knowledge and abilities in pure and applicable mathematics, as well as financial mathematics. A wide choice of modules allows you to study several different topics in depth, and to focus on the areas that interest you most.

You will also learn key mathematical research skills and methods, including how to conduct a literature search, how to read mathematical papers, and how to communicate your ideas and findings, both in writing and orally.

The second year of the programme includes a dissertation that allows you to engage in a sustained investigation of an area that interests you within statistics and/or finance, implementing what you have learned from the taught modules on the programme and combining this knowledge with new research and analysis.

Over two years, you will also acquire the skills to pursue your interests in mathematics and financial modelling to a higher level and beyond the classroom, whether for a formal MPhil/PhD research degree, for your career, or simply because you have a passion for the subject.


  • This flexible course offers a wide choice of modules in mathematical and numerical methods for finance, pricing, game theory, graph theory and several other topics.
  • The programme is specially designed for part-time students and delivered via high-quality, face-to-face teaching in the evenings, so that you can study without putting your life or your ambitions on hold.
  • You complete a project in an area that interests you most, with guidance from an expert supervisor within our Department of Economics, Mathematics and Statistics.
  • Birkbeck's mathematicians are all active researchers, mostly in the areas of financial mathematics, algebra and combinatorics. We've developed this exciting course around those research strengths and our cutting-edge research informs the syllabus.
  • Birkbeck has a library and several workstation rooms. You can also take advantage of the rich academic resources found in Bloomsbury, including the libraries of other colleges of the University of London and the collection of the London Mathematical Society, just around the corner from Birkbeck's main building.

Course structure

The programme comprises 120 credits of taught modules and a 60-credit dissertation. There are two core modules that you must pass to gain the MSc Mathematics and Financial Modelling: Mathematical and Numerical Methods, and Pricing.

In Year 1, you usually take 75 credits of taught modules, including the coursework-only module Writing Mathematics, which teaches you to use the program LaTeX to produce mathematics documents. It is a 15-credit module, with eight evenings of tutorials over the course of the year.

Each of the other 15-credit modules run for one term and each 30-credit module runs for two terms.

Other modules can be chosen from the list of options to suit your interests and expertise. You may take at most 30 credits of modules at Level 6, with the remaining 90 credits of modules at Level 7. The Programme Director can offer you advice on the most suitable choice of option modules, given your experience, prior study and future goals.

In Year 2, you take 45 credits of taught modules, and you also complete a dissertation worth 60 credits.

Module groups

Not all modules run every year. The option modules listed below are indicative and may vary, according to the expertise of current staff.