School of Mathematics

Search site

Statistics with Applications to Finance MSc

(Full time) 2018/19

Masters in Statistics with Applications to Finance

This programme combines in-depth training in mainstream advanced statistical modelling with a specialisation in financial mathematics.

The MSc in Statistics with Applications to Finance is a focused degree programme which enables you to both broaden and deepen your understanding of statistics and financial applications. As well as the statistics expertise within the School of Mathematics, the MSc also draws on experience in Financial Mathematics, a joint venture between the School of Mathematics and Leeds University Business School.

If you do not meet the full academic entry requirements then you may wish to consider the Graduate Diploma in Mathematics. This course is aimed at students who would like to study for a mathematics related MSc course but do not currently meet the entry requirements. Upon completion of the Graduate Diploma, students who meet the required performance level will be eligible for entry onto a number of related MSc courses, in the following academic year.

Accreditation

Royal Statistical Society Accreditation

On graduation you will be eligible for the Graduate Statistician (GradStat) status and after five years’ experience this can then be converted into the professional status of Chartered Statistician (CStat).

Being a chartered statistician provides employers, contractors and collaborators of statisticians a level of assurance that you are at the forefront of your field and is a mark of accomplishment to society.

The first two semesters of your course will consist of taught modules and in the third semester you will devote your time to a major dissertation. Within each semester you will take three compulsory modules. However, you can tailor the course to meet your individual needs through selection of a further module in each semester from a variety of options.

In the first semester you’ll be introduced to statistical computing with an emphasis on sampling-based methods including Markov Chain Monte Carlo. You’ll also explore financial investments such as stocks and shares and develop the necessary probabilistic tools to evaluate risks within the market.

In semester two you’ll look at risk assessment in detail, gaining comprehensive knowledge of mathematical and practical approaches to financial risk management. Avoiding the disastrous consequences of badly managed risk requires detailed mathematical knowledge of how to quantify financial risk. You’ll also learn about pricing financial assets and forecasting future values within a time series.

Your third semester will be taken up by a dissertation in statistics. This will consist of a three-month research project undertaken in the summer on a topic chosen in conjunction with project supervisors, culminating in a dissertation on that project.

Course structure

Year 1

Compulsory modules

  • Discrete Time Finance 15 credits
  • Continuous Time Finance 15 credits
  • Risk Management 15 credits
  • Time Series and Spectral Analysis 15 credits
  • Statistical Computing 15 credits
  • Dissertation in Statistics 60 credits

Optional modules

  • Linear Regression and Robustness 15 credits
  • Statistical Theory 15 credits
  • Multivariate Analysis 10 credits
  • Bayesian Statistics 10 credits
  • Generalised Linear Models 10 credits
  • Introduction to Statistics and DNA 10 credits
  • Models in Actuarial Science 15 credits
  • Computations in Finance 15 credits
  • Linear Regression and Robustness and Smoothing 20 credits
  • Multivariate and Cluster Analysis 15 credits
  • Bayesian Statistics and Causality 15 credits
  • Generalised Linear and Additive Models 15 credits
  • Independent Learning and Skills Project 15 credits
  • Statistics and DNA 15 credits

These are typical modules/components studied and may change from time to time. Read more in our Terms and conditions.

For more information on typical modules, read Statistics with Applications to Finance MSc in the course catalogue

Learning and teaching

This programme is taught jointly between the School of Mathematics and the Leeds University Business School. You will study a mixture of modules taught by specialists in each school though a combination of lectures and small group workshops.

Assessment

The taught course is primarily assessed by end-of-semester examinations with a small component of continuous assessment. The semester three project is assessed by a written dissertation and a short oral presentation.

Entry requirements

A bachelor degree with a 2:1 (hons) in a relevant subject of study.

International qualifications

We accept a range of international equivalent qualifications. For information please contact the School of Mathematics admissions team.

English language requirements

IELTS 6.5 overall, with no less than 6.0 in all components. For other English qualifications, read English language equivalent qualifications.

Improve your English

If English is not your first language, you may be able to take a pre-sessional course before you begin your studies. This can help if you:

  • don't meet the English language requirements for your course or
  • want to improve your understanding of academic language and practices in your area of study.

Our pre-sessional courses are designed with a progression route to the degree programme and are tailored to the subject area. For information and entry requirements, read Language for Science (6 weeks) and Language for Science: General Science (10 weeks)

How to apply

Application deadlines

31/07/18 - International

31/08/18 - Home/EU

Apply

This link takes you to information on applying for taught programmes and to the University's online application system.
 
If you're unsure about the application process, contact the admissions team for help.

Documents and information you’ll need

Original or certified copies of your transcripts

Original or certified copies of your degree certificate

Copy of passport (if applicable)

Letter of sponsorship (if applicable)

Names of two academic references

Original or certified copy of your IELTS/TOEFL results (if applicable)

It may help your application if you include a personal statement and CV.

Read about visas, immigration and other information in International students. We recommend that international students apply as early as possible to ensure that they have time to apply for their visa.

Admissions policy

Faculty of Mathematics and Physical Sciences Taught Postgraduate Admissions Policy

Fees

UK/EU: £10,000 (total)

International: £21,000 (total)

Read more about paying fees and charges.

For fees information for international taught postgraduate students, read Masters fees.

Scholarships and financial support

If you have the talent and drive, we want you to be able to study with us, whatever your financial circumstances. There may be help for students in the form of loans and non-repayable grants from the University and from the government.  Find out more at Masters funding overview.

The School of Mathematics offers a range of scholarships for UK, EU and International students.

Find out more about our Scholarships.

There is a shortage of well-qualified statisticians in the UK and other countries. Numeracy, in general, is an attribute keenly sought after by employers.

The emergence of data mining and analysis means that demand for statisticians is growing across a wide range of professions - actuarial, betting and gaming industries, charitable organisations, commercial, environmental, financial, forensic and police investigation, government, market research, medical and pharmaceutical organisations. The course is designed specifically to meet this demand.

Many statistical careers require people educated to masters degree level. This course is designed to build on existing mathematical skills and deepen knowledge of statistics in order for you to access a variety of professions or pursue further research as a PhD student.

Careers support

We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.

The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.

Key facts

Start date:
September 2018

Duration/Mode:
12 months full time

UK/EU fees:
£10,000 (total)
International fees:
£21,000 (total)

Entry requirements:
A bachelor degree with a 2:1 (hons) in a relevant subject of study.

Language requirements:
IELTS 6.5 overall, with no less than 6.0 in all components

Apply

Contact us:
School of Mathematics Admissions Team
+44 (0)113 343 0945
maths-msc@leeds.ac.uk