MSc students complete modules to the value of 180 credits, including all core taught modules, two optional taught modules and a dissertation. Diploma students complete modules to the value of 120 credits, including some core taught modules, at most two optional taught modules and a project. Optional modules are subject to availability and may vary from year to year.

Week -1

Induction

Term 1 (Autumn)

Mathematical Methods of Finance (20 credits, core taught module)
Discrete Time Modelling and Derivative Securities (20 credits, core taught module)
Portfolio Theory and Risk Management (10 credits, optional taught module)
C++ Programming with Applications in Finance (10 credits, optional taught module, continues into Term 2)

Term 2 (Spring)

Stochastic Calculus and Black-Scholes Theory (20 credits, core taught module)
Modelling of Bonds, Term Structure, and Interest Rate Derivatives (20 credits, core taught module)
Numerical Methods for PDEs (10 credits, optional taught module)
Survival Analysis (M Level) (10 credits, optional taught module)
C++ Programming with Applications in Finance (10 credits, continued from Term 1)

Term 3 (Summer)

Mathematical Finance Dissertation (80 credits, core module for MSc students)
Mathematical Finance Project (40 credits, core module for Diploma students)