Year of entry2018
Start dateOctober 2018
Two years part-time
Two to three evenings a week
Other entry years for this course2017
Birkbeck's MSc in Mathematics and Financial Modelling is a part-time programme that combines the study of mathematics at postgraduate level with a strong component of financial mathematics and modelling.
The programme offers you the chance to study a range of modules in pure and applicable mathematics, as well as financial mathematics, thus giving you the opportunity to increase your knowledge and abilities in these areas. Depending on your choices, you will take between six and eight modules, allowing 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.
The programme's distinct mode of part-time evening study means that this is one of the very few taught MSc programmes in mathematics and financial modelling that can be taken by busy people who are balancing study with work and other personal and family commitments.
- 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 of especial interest to you, 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.
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.
Year 1 core module
Year 2 core module
Module Group Indicative Level 6 option modules for 2016-2017
- Calculus 3: Transforms & Models
- Computational Mathematics
- Games, Choice & Optimization
- Number Theory and Geometry
Indicative Level 7 option modules for 2016-2017
- Algebraic Number Theory
- Continuous Time Stochastic Processes
- Group Theory
- Mathematical and Numerical Methods
- Mathematics of Communications
- Topics in Graph Theory
- Writing Mathematics
Indicative Level 7 option modules for 2017-2018
- Continuous Time Stochastic Processes
- Galois Theory
- Linear Programming and Game Theory
- Reflection Groups
- Representation Theory
- Writing Mathematics
MSc Mathematics and Financial Modelling dissertation
Not all modules run every year. The option modules listed below are indicative and may vary, according to the expertise of current staff.
We welcome a wide range of qualifications, from the UK and abroad, and we will also consider your non-academic achievements.
The typical entrance requirement is a second-class degree in mathematics.
Applicants may be emailed an entrance test to gauge their suitability for the programme.
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.
Fees (2017/8)Part-time home/EU students: £ 5975 pa
Part-time overseas students: £ 8750 pa
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
Taught modules are largely delivered via face-to-face teaching, including lectures in which both theory and worked examples are presented. Detailed course notes, problems and worked solutions are provided to accompany lectures on each module.
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
A combination of coursework and examinations.
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 the financial sector, actuarial profession, IT and computing, teaching and academia. Possible professions include actuary, statistician, or chartered accountant. This degree may also be useful in becoming a corporate investment banker, investment analyst, or quantity surveyor.
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 transcript before we can proceed with your application. We may ask you to complete an at-home entrance test or come for an interview, depending on your existing qualifications.
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