MSc Mathematical Finance at The University of Manchester

The University of Manchester has a Department of Mathematics that offers a Master of Science (MSc) in Mathematical Finance. This one-year degree program focuses primarily on the science aspect of mathematics and finance. For international students, the tuition fees are set at £34,500. To apply for this program, students need to provide proof of English language proficiency, which can be demonstrated through IELTS or PTE scores.

12th Grade

No specific cutoff mentioned.

Graduation

Applicants must have a good honors degree. A strong background in Probability Theory is important, which includes two courses: Probability 1 and Probability 2. Knowledge of Statistics is also desirable, such as an Introduction to Statistics. More advanced courses in Probability are preferred, like Foundations of Modern Probability. Understanding measure-theoretical Probability and/or measure theory is desirable. Familiarity with Markov processes is nice to have, but not essential. Knowledge of real analysis is essential, while complex analysis is desirable, for example, Real and Complex Analysis. Basic calculus knowledge is essential, such as Calculus and Vectors A, and ordinary differential equations, like Calculus and Applications A. Understanding partial differential equations is highly desirable, such as Partial Differential Equations and Vector Calculus A. Knowledge of solving partial differential equations numerically is nice to have but not essential. There is no formal requirement for previous programming experience, but knowing how to write computer programs (like in Python, MATLAB, C/C++, or Java) is desirable.

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IELTS

Marks: 6.5

A minimum score of 6.5 is required, with at least 6.5 in writing and 5.5 in each other component.

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Application Process for University of Manchester

Step 1: Prepare Documents for Application

Before you apply, make sure you have the necessary documents ready. You will need:

• Letters of Recommendation (LOR): You need to submit two academic reference letters. If you graduated more than two years ago, you can provide a professional reference letter instead.
• MSc Mathematical Finance: For this specific program, at least one of the reference letters must be from your current or most recent institution.

Step 2: Additional Documents Required

In addition to your reference letters, you may need to submit other documents. These can include:

• Your academic transcripts
• A personal statement outlining your goals and reasons for choosing the program
• Your CV or resume
• Proof of English language proficiency (if applicable)

Step 3: Start Your Online Application

Once you have your documents ready, you can begin your application online. Visit the following link to start:

University of Manchester Online Application

Make sure to check the specific requirements for your chosen program and submit your application before the deadline.