MSc Mathematical Finance atUniversity of Manchester Department of Mathematics


1 year (Full Time)

Course Level

PG Degree

International Students Admission Website

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Type of University


Year of establishment



  • The Department of Mathematics and Alliance Manchester Business School at the University of Manchester have combined their academic strength and practical expertise to deliver the MSc in Mathematical Finance (UK 1 year), ensuring that students can experience both the mathematical and economic perspective of the subject
  • The course provides students with advanced knowledge and understanding of the main theoretical and applied concepts in Mathematical Finance delivered from a genuinely international and multi-cultural perspective with a current issues approach to teaching
  • The focus is on mathematical theory and modelling, drawing from the disciplines of probability theory, scientific computing and partial differential equations to derive relations between asset prices and interest rates and to develop models for pricing, risk management and financial product development


  • University Rankings
    • #35

      - ARWU (Shanghai Ranking) 2021

    • #27

      - QS 2022

    • #50

      - THE (Times Higher Education) 2022

    • #13

      - The Complete University Guide 2022

    • #28

      - The Guardian 2022

    • #58

      - US News & World Report 2022

Fees & Expenses
1st year tuition fees
Fees componentsAmount
Tuition & feesINR 22,43,420
Other expenses in 1st Year
Fees componentsAmount
Hostel & MealsINR 6,46,593
TransportationINR 52,184
Personal expensesINR 2,53,604
ClothesINR 50,721
TotalINR 10,03,102

Calculated at the exchange rate of 1 Pound = INR 97.54


Tuition & expenses were last updated on 9ᵗʰ December 2021

Entry Requirements

QualificationEntry Criteria

No specific cutoff mentioned


No specific cutoff mentioned

  • Applicant must have a good honors degree 
  • Applicant must have
    • A good background in Probability Theory is essential; for example two courses in Probability, Probability 1 and Probability 2
    • Knowledge of Statistics is highly desirable, for example, Introduction to Statistics
    • More advanced courses in Probability are highly desirable, for example, Foundations of Modern Probability
    • Knowledge of measure-theoretical Probability and/or measure theory is desirable as well
    • An introduction to Markov processes is desirable but not essential, for example, Random models or Markov processes, but not essential
    • Knowledge of real analysis is essential and complex analysis is desirable, for example, Real and Complex Analysis
    • Knowledge of basic calculus, for example, Calculus and Vectors A, and ordinary differential equations is essential, Calculus and Applications A
    • Knowledge of partial differential equations is highly desirable, for example, Partial Differential Equations and Vector Calculus A
    • Knowledge of solving partial differential equations numerically is desirable but not essential
    • Although there is no formal requirement for previous programming experience, a familiarity with writing computer programs (for example, in Python, MATLAB, C/C++ or Java) is desirable


Marks - 59/90


Marks - 6.5/9

  • with at least 6.5 in writing and 5.5 in each other component

Conditional Offer

Not mentioned

Application Process

Step 1: Prepare documents for application

  • Two academic reference letters, or a professional reference letter if the applicant is graduated more than two years ago
  • MSc Mathematical Finance: At least one academic reference letter from current/most recent institution

Step 2: Additional documents required

Step 3: Start your online application

Scholarship information is not available. You can apply to non-college specific scholarships available for UK.

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