You take all of the core modules below.

• Computing in C++
• Interest Rate Models
• Mathematical Finance: An Introduction to Option Pricing
• Quantitative Risk Management
• Simulation Methods for Finance
• Statistical Methods in Finance
• Stochastic Processes

You choose three modules from below.

• Advanced Methods in Derivatives Pricing
• Algorithmic Trading and Machine Learning
• Convex Analysis and Optimization
• Data Analysis and Machine Learning
• Financial Econometrics*
• Fixed Income Markets
• Numerical Methods for Finance
• Statistics for Extreme Events*
• Stochastic Calculus
• Stochastic Differential Equations

* the two modules marked with an asterisk are from our MSc Statistics programme. You can take the two half-modules together which count as one elective, worth 8.4 ECTs.

You complete a supervised thesis project, lasting four months, towards the end of the programme. Most projects are intended to be carried out in association with a bank, finance house, hedge fund, consultancy or systems provider in the finance industry, and we endeavour to arrange suitable placements.

The project may be an internship, where you work full-time, or a collaborative arrangement where you work at the College and visit the company on a regular basis for project discussions.

Whichever route you choose, you will be assigned an academic project supervisor who will be a member of staff of the Mathematical Finance section.

Our minimum requirement is at least a 2.1 UK Honour's degree in mathematics, applied mathematics or physics.

The academic requirement above is for applicants who hold or who are working towards a UK qualification.

We also accept a wide variety of international qualifications. For guidance see our Country Index though please note that the standards listed here are the minimum for entry to the College.

If you have any questions about admissions and the standard required for the qualification you hold or are currently studying then please contact the relevant admissions team.

All candidates must demonstrate a minimum level of English language proficiency for admission to the College.

For admission to this course, you must achieve the standard College requirement in the appropriate English language qualification. For details of the minimum grades required to achieve this requirement, please see the English language requirements for postgraduate applicants.

All applicants must apply online.

You can usually apply for up to two courses, although your second choice will only be considered if your first-choice application is unsuccessful.

Most courses don't have a formal closing date, but popular courses close when they are full, so you should apply early to avoid disappointment. There may also be funding deadlines that apply to you.

You will need to upload documents with your applications, which may include transcripts and degree certificates.

Offer holders will need to pay a deposit to secure your place. This will be deducted from the balance of your tuition fees.

For full details on the online application process, or to start your application, please visit the How to Apply section of our website.

An ATAS certificate is not required for overseas students applying for this course.

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

If you are a Home or EU student who meets certain criteria, you may be able to apply for a Postgraduate Master’s Loan of up to £10,280 from the UK government. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.

We offer a range of scholarships for postgraduate students to support you through your studies. Try our scholarships search tool to see what you might be eligible for.

There are a number of external organisations also offer awards for Imperial students, find out more about non-Imperial scholarships.

Living costs, including accommodation, are not included in your tuition fees.

You can compare costs across our different accommodation options on our Accommodation website.

A rough guide to what you might expect to spend to live in reasonable comfort in London is available on our Fees and Funding website.