This cutting edge MSc programme will equip you with the mathematical, financial and computational skills needed to quantify and manage risk effectively in today’s finance, investment and insurance industries. Such companies use advanced probabilistic models at the core of their business. They recruit people with the right mathematical, statistical and programming skills and financial knowledge who can understand, develop and implement such models. The course is also an excellent preparation for students wishing to embark upon research degree (PhD) in financial or actuarial mathematics. Working professionals who would like to move from their current field into finance or for finance professionals who would like to take their careers to the next level will also benefit greatly from this course.
You will gain a strong understanding of:
- applied probability theory, stochastic analysis and mathematical modelling
- computational methods
- financial derivatives
- risk management methodologies
- financial econometrics
The 12-month programme consists of seven taught compulsory modules plus one taught elective module, followed by a research project carried out over the summer period upon completion of Semester Two. The course is taught mainly by members of the Institute for Financial and Actuarial Mathematics (http://www.liv.ac.uk/ifam) which is part of the Department of Mathematical Sciences (http://www.liv.ac.uk/mathematical-sciences/). Some relevant modules are taught by the Management School (http://www.liv.ac.uk/management/).