MSc in Quantitative Methods for Risk Management

Programme code: TMQMRM

Department: Statistics

(formerly MSc in Risk and Stochastics)

This information is for the 2017/18 session.

Guidelines for interpreting programme regulations
Classification scheme for the award of a taught master's degree (four units)
Exam sub-board local rules

Students take five compulsory half unit courses and one and a half units of optional courses.

Students are required to take a two-week compulsory introductory course MA400 September Introductory Course (Financial Mathematics) in September.

Paper

Course number and title

1

ST409

Stochastic Processes (H)

ST429

Statistical Methods for Risk Management (H)

3

ST433

Computational Methods in Finance and Insurance (H) *

4

ST439

Stochastics for Derivatives Modelling (H)

5

ST440

Recent Developments in Finance and Insurance (H)

6

One of the following: 

 

MA411

Probability and Measure (H)

MA416

The Foundations of Interest Rate and Credit Risk Theory (H)

MA420

Quantifying Risk Modelling and Alternative Markets (H)

ST422

Time Series (H)

ST426

Applied Stochastic Processes (H)

ST435

Advanced Probability Theory (H)

ST436

Financial Statistics (H)

ST441

Introduction to Markov Processes and Their Applications (H)

ST443

Machine Learning and Data Mining (H)

ST448

Insurance Risk (H)  (not available 2017/18)

7 & 8

Two of the following:

 

FM404

Forecasting Financial Time Series (H)

FM441

Derivatives (H) 

FM442

Quantitative Methods for Finance and Risk Analysis (H) §

MA409

Continuous Time-Optimisation (H)

Further half unit(s) from those courses listed under Paper 6 above.

Further half unit(s) from other appropriate MSc courses, subject to the approval of the Programme Director and the Teacher responsible for the course.

Notes

* Students taking this course can also take a non-assessed non-compulsory course MA432 Programming in C++.
§ Students taking this course can apply for a place on FM457 Applied Computational Finance, a non-assessed computer course.
Students can also take MA422 Research Topics in Financial Mathematics, a non-assessed course taken in addition to the required five compulsory half unit courses and three half units of optional courses detailed above.

The Bologna Process facilitates comparability and compatibility between higher education systems across the European Higher Education Area. Some of the School's taught master's programmes are nine or ten months in duration. If you wish to proceed from these programmes to higher study in EHEA countries other than the UK, you should be aware that their recognition for such purposes is not guaranteed, due to the way in which ECTS credits are calculated.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.