MSc Financial and Computational Mathematics

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 1 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Next Intake TBA

Course Overview

The MSc Financial and Computational Mathematics at University College Cork is designed for ambitious graduates aiming for successful careers in quantitative finance. You will delve into the sophisticated computational techniques essential for modern financial technology, including asset and market modelling, and the valuation of complex financial derivatives. This programme provides a robust grounding in computational finance, integrating cutting-edge machine learning techniques and offering a unique team-based research project that connects you with industry partners. If you possess a strong quantitative aptitude and a desire to master the mathematical underpinnings of finance, this Master's degree is your pathway to a dynamic career.

You will study this full-time, on-campus Master's degree over one year, engaging with core modules such as Probability Theory in Finance, Derivatives, Securities, and Option Pricing, and Computational Finance I & II. You will also have the opportunity to select elective modules in areas like Numerical Methods and Machine Learning, tailoring your learning to your specific interests. The programme culminates in a significant dissertation, allowing you to apply your advanced knowledge to a substantial research challenge. Upon graduation, you will be well-prepared for roles in investment banking, hedge funds, fintech, and financial risk management.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This MSc program provides a rigorous foundation in financial and computational mathematics. Students will explore core topics such as probability theory in finance, derivatives and option pricing, and computational finance. The curriculum also covers numerical methods, optimization, and continuous-time financial models, with elective options in areas like stochastic differential equations, machine learning, and partial differential equations. The program culminates in a dissertation, allowing students to conduct in-depth research in financial and computational mathematics.

1 Part I (60 credits)

Probability theory in finance Compulsory
Derivatives, securities, and option pricing Compulsory
Computational finance I Compulsory
Computational finance II Compulsory
Topics in financial mathematics Compulsory
Continuous-time financial models Compulsory
Numerical methods and applications Compulsory
Optimisation Compulsory
Applied stochastic differential equations Elective
Scientific computing with numerical examples Elective
Partial differential equations Elective
Data analysis II Elective
Machine learning and statistical analytics I Elective
Machine learning and statistical analytics II Elective
Introduction to relational databases Elective

2 Part II (30 credits)

Dissertation in financial and computational mathematics Compulsory

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 32,938.00
Total Program Cost Estimated total tuition
USD 32,938.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 777.00 - USD 1,595.00
Food & Groceries USD 2,807.00 - USD 4,491.00
Transport USD 702.00 - USD 1,684.00
Utilities & Bills USD 1,404.00 - USD 2,105.00
Estimated Total USD 4,913.00 - USD 8,280.00

Living cost estimates are based on Cork Campus.

Outcomes & Employability

What happens after you graduate

93%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

DevOps & Site Reliability EngineeringEarly Childhood & Primary EducationEvent & Experiential MarketingFinancial Technology (Fintech)Fintech & Mobile MoneyHardware & Semiconductor EngineeringHealth, Safety & Environment (HSE)Industrial & Mechanical EngineeringIndustry 4.0 & Digital ManufacturingMaritime & Shipping

Top Employers Hiring for this course

AIB

Accenture

Amazon

Analog Devices

Apple

Aviva

Bank of Ireland

Dell Technologies

Why Study MSc Financial and Computational Mathematics at University College Cork

What makes this program stand out

Moderate Application response time

University College Cork typically responds to applications within 1 - 2 weeks, giving you clarity on your options quickly.

Life at University College Cork in Ireland

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about MSc Financial and Computational Mathematics at University College Cork

Can I work while studying?

International students can work up to 20 hours per week during term time and 40 hours during breaks. No separate work permit is needed.

What English language score do I need for this course?

To meet English language requirements, you can take tests like Duolingo, TOEFL, IELTS, or PTE. Scores vary by test, so check the specific requirements for each.

What jobs can I get after studying this course?

Graduates can pursue roles such as Quantitative Analyst, Risk Manager, Data Scientist, Financial Engineer, and Actuary.

What will I actually study in this course?

This program teaches computational finance and machine learning techniques essential for quantitative finance careers. It also includes a team-based research project in collaboration with industry partners.

When can I start — what are the intake months?

The MSc Financial and Computational Mathematics program has an intake in September. Make sure to apply early to secure your spot.
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