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Dive into the world of financial engineering at Birmingham. Our course will prepare you for a whole range of career opportunities in the financial services industry.
Join us and you’ll develop your skills in the most advanced computational and programming techniques. You’ll be in high demand from sectors such as economics, finance, banking, actuarial science, insurance and industrial management.
This course will equip you with the necessary skills to excel not just in the field of quantitative finance, but also in related areas like data science and other industries where a strong foundation in mathematics is valued. So, if you are interested in pursuing a career in these fields, this course could be an excellent choice for you.
Join our 1 year full-time MSc programme comprising of taught modules during terms 1 and 2 followed by a Summer Dissertation. You'll be assessed using a combination of coursework and end of year examinations for taught modules.
You will take 60 credits of compulsory/optional modules across various areas of Applied Mathematics. All examinations will take place during the May/June Main Examination Period. You'll attend 2 weekly lectures and 1 fortnightly guided study session for each 10 credit module equivalent. There are also regular MSc group tutorial meetings.
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Learn about the application of computational engineering and software engineering as well as computer programming skills. You’ll explore underlying mathematical and statistical theories and learn to find solutions to financial problems. With independent study and research, you’ll develop the expertise for roles as a quantitative analyst.
Birmingham is ranked 80th in the QS World University Rankings 2025, maintaining our position in the top 100 universities globally and placing us 12th amongst UK universities.
Develop the most advanced computational and programming techniques.
Learn to use software packages to perform statistical analysis and empirical studies.
Our world-class research and a vibrant, global student community are at the heart of our School of Mathematics. You'll take part in tutorials and projects to consolidate your learning. In the third term, you'll work with your personal supervisor to conduct a research project.
The programme is a 1 year full time taught masters degree. This course consists of 180 credits, two-thirds from taught modules and one-third from your research project. The dissertation is completed under the direction of a project supervisor which will give you the opportunity to work one-to-one with a leading expert in their field.
The modules listed for this programme are regularly reviewed to ensure they are up-to-date and informed by the latest research and teaching methods.
Any optional module information listed for this programme is intended to be indicative, and the availability of optional modules may vary from year to year. Where a module is no longer available, we will let you know as soon as we can and help you to make other choices.
Year: 1
2025/26 Session
The following must be taken:
Module Title | Credits | Semester |
---|---|---|
LM Advanced Mathematical Finance | 20 | Semester 2 |
LM Mathematical Finance | 20 | Full Term |
LM Numerical Methods and Numerical Linear Algebra | 20 | Full Term |
Students must choose one of the following modules:
Module Title | Credits | Semester |
---|---|---|
LM Financial Engineering Project | 60 |
Students must choose 60 credits from the following:
Module Title | Credits | Semester |
---|---|---|
LM Algorithmic and High Frequency Trading | 10 | Semester 2 |
LM Deep Learning 1 | 10 | Semester 1 |
LM Deep Learning 2 | 10 | Semester 2 |
LM Financial Mathematics | 20 | Full Term |
LM Foundations of Statistical Inference | 20 | Semester 1 |
LM Integer Programming and Combinatorial Optimisation | 20 | Full Term |
LM Interest Rate and Credit Risk Modelling | 10 | Semester 1 |
LM Largescale Optimization for Machine Learning | 10 | Semester 2 |
LM Mathematical Securitisation | 10 | Semester 2 |
LM Nonlinear Programming I and Heuristic Optimisation | 20 | Full Term |
LM Quantitative Funds Management | 10 | Semester 1 |
LM Stochastic Processes | 20 | Semester 1 |
LM Time Series and Prediction | 10 | Semester 2 |
Statistical Methods in Finance and Economics | 20 | Full Term |
To gain a place at Birmingham you will need to meet our general entry requirements, as well as those specific to your course. Your application will be reviewed by the course’s Admissions Tutor, who will decide whether your application should receive an offer.
In Mathematics or a programme with advanced mathematical components
If you are an international student, you will need to demonstrate you have a suitable level of English proficiency, usually through the form of an IELTS or equivalent qualification.
For this course we require IELTS 6.0 with no less than 5.5 in any band, which is equivalent to:
Improve your knowledge of spoken and written English in preparation for studying at Birmingham with our pre-sessional English courses. If you have a conditional offer, you can take one of these courses as an alternative to retaking IELTS or other similar qualifications.
Full-time
We charge an annual tuition fee. Fees for 2025 entry are above.
The fees quoted are for one year only. For those studying courses that are longer than one year, tuition fees will also be payable in subsequent years of your programme.
Tuition fees can either be paid in full or by instalments. You can check whether you are eligible for UK or international fees with our admissions team.
Learn more about postgraduate tuition fees and funding.
To help with the cost of studies, this loan is available to all UK students. You can use this loan towards fees, maintenance or other costs at your own discretion. It’s available for all full-time, part-time and distance learning Masters programmes, as long as you don’t already have a Masters qualification (or equivalent).If you’re a student from Wales, Scotland or Northern Ireland, you can apply for Masters loans from your country’s government.
To help you afford your studies, we’ve put more than £33 million into student support and scholarships. We also offer a range of advice on searching for funding and managing your finances.
We want to welcome the brightest talent to our postgraduate community. That’s why our Birmingham Masters Scholarships award £3,000 to more than 300 students each year.
To apply for a postgraduate programme, you will need to submit your application and supporting documents online.
Select whether you are a UK student or an international student for relevant application deadlines.
Application deadline for UK and non visa requiring applicants. We will close applications as soon as the programme is full. Early applications are encouraged.
Looking for a career in quantitative analysis in economic and financial sectors? Our course will ensure you leave us with the state of the art mathematical methods, computational skills and programming expertise you need to work in a wide variety of fields in governmental and multi-national organisations.
At Birmingham, your university experience isn’t just about studying. You will have the opportunity to discover new experiences, develop different skills and make friends for life.
Our bustling campus with its beautiful grounds, friendly community and excellent facilities will quickly make you feel at home. We offer you a huge variety of accommodation options in the UK’s second city, exciting activities to get involved in outside your studies, as well as all the support and advice you need.
Explore our beautiful campus from wherever you are. Get a feel for the wide range of historic and modern spaces and state-of-the-art facilities.