Saturday, April 12, 2008

Fisher Scholarships: MSc in Mathematical Finance UK

Fisher Scholarships: MSc in Mathematical Finance
Department of Economics and School of Mathematics

The University of Birmingham’s MSc in Mathematical Finance teaches technically trained graduates - including in Mathematics, Science and Engineering – to apply their quantitative skills to financial analysis. Successful completion of the MSc will qualify students to work in quantitative analysis in City of London

Recent advances in theoretical finance and computing power have moved quantitative analysis from the margins of the financial world to its core. Rigorous quantitative analysis is now involved in everything from the design and pricing of individual assets to the optimisation of whole portfolios. Birmingham’s MSc in Mathematical Finance gives highly motivated, high performing students an opportunity to work in this area. It is taught by two top ranked institutions - its School of Mathematics and its Department of Economics. Students take core courses in financial econometrics, mathematical finance and computational methods. Optional modules allow them to hone further their technical skills (e.g. further mathematical finance) or to broaden their economic understanding (e.g. macroeconomics).

The MSc accepts students on the basis of quality rather than quantity. In 2007-08, only one in six applicants were offered places. Thanks to a generous private gift from Andrew Fisher (Birmingham economics 1982; CEO Towry Law), six Fisher Scholarships covering full tuition fees are available. Applicants with first class degrees are automatically considered for Fisher Scholarships as well as internal scholarships offered by the Economics Department, covering from a quarter to full tuition fees. In both cases, scholarships are awarded to the most able applicants, regardless of nationality. Home, EU and overseas students all pay the same fees. This fee structure ensures that the most qualified applicants are accepted, regardless of nationality.

Prospective students are encouraged to apply online via the MSc’s website. Those outside the OECD are encouraged to post any additional material that would help us evaluate their application, including results of standardised assessments such as the GRE and CVs. Non-native speakers of English must attain an IELTS score of 6.5, with no less than 6 in any band. financial institutions, such as banks and hedge funds, or for postgraduate research in mathematical finance.

More information on funding opportunities is provided by the Student Funding Office. The International Office maintains a list of scholarships to which international students may apply.

Applications are accepted on a continuous basis for study to begin in late September.

Learn more
Emma Steadman, Department of Economics
University of Birmingham, Edgbaston B15 2TT
Tel: 0121 414 6650 E-mail: