Masters courses

We offer three specialist one-year Masters courses in computational finance. You'll study a number of taught modules and then complete a dissertation project focused on the computational implementation of financial models.

Each of our courses is highly cross-disciplinary and involves some elements of programming, statistics and mathematics with the particular emphasis depending on the course you choose.

All of our Masters courses can be taken on a full or part-time basis.

Students with a quantitative background

For our MSc Computational Finance and MSc Algorithmic Trading you'll need a quantitative background but no previous financial or computing knowledge is assumed.

  • MSc Computational Finance

    This course will equip you with the core concepts and mathematical principles of modern quantitative finance, along with the operational packages (mainly Matlab) for financial modelling. As well as traditional topics in derivatives and asset pricing, we emphasise risk management in non-Gaussian environments with extreme events.

    You'll need a first degree in a quantitative subject such as computer science, mathematics, statistics, physics, economics or finance. However, no finance or computing background is assumed.

  • MSc Algorithmic Trading

    Algorithmic trading focuses on real-time trading activities in an electronic exchange system. Financial 'tick-by-tick' data sets provide deep insights into the price formation process at the microstructure level and have been used to study topics such as price discovery, order choice behaviour of market participants and optimal order placement strategy. This course will equip you with both the core concepts and quantitative methods in high-frequency finance and the operational skills to use state-of-the-art computational methods for financial modelling.

    You'll need a first degree in a quantitative subject such as computer science, mathematics, statistics, physics, economics or finance.

Students with a programming background

Our MSc Financial Computing is for those who already have a high level of programming knowledge from a first degree in computer science or engineering.

  • MSc Financial Computing

    This course allows you to attain a high degree of competence in financial software development, for implementation in an electronic market environment. We introduce you to information and communication technology and automation that underpins financial systems, including design issues relating to parallel and distributed networks, encryption, security and real-time constraints, especially in the context of Straight Through Processing (STP). You'll be trained in the structure, instruments and institutional aspects of financial markets, banking, payment and settlement systems. We also have an option for you to acquire rigorous training in quantitative finance and our case study approach will familiarise you with financial software architecture.

    You'll need a first degree in computer science or engineering, or in a subject which provides a high level of programming expertise in C++, Java and .NET.

Prepare for your course

If you're worried about returning to study after a period in work, or if you haven't studied these subjects before, you may want to take our optional pre-sessional course. This two week course runs in September, shortly before your degree starts.