University of Sheffield United Kingdom

Statistics with Financial Mathematics MSc

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 1 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon September 2026

Course Overview

The Statistics with Financial Mathematics MSc at the University of Sheffield equips you with the advanced quantitative and computational skills essential for a career in the financial sector. This postgraduate degree is ideal for those seeking to apply sophisticated statistical modelling, machine learning, and stochastic processes to complex financial problems. You will delve into core statistical methodologies and their direct application in finance, preparing you to analyse data, build predictive models, and understand market dynamics with confidence. This programme offers a robust foundation for tackling the analytical challenges prevalent in modern finance.

You will study this Master's degree full-time on campus over one year, engaging with modules such as Financial Mathematics, Machine Learning, Time Series, and Stochastic Processes and Finance. The curriculum emphasizes practical application, including the use of statistical computing software like R, and culminates in a substantial dissertation. This independent research project allows you to investigate a specific area in depth, potentially working on real-world data sets or theoretical problems. You will graduate with a highly sought-after skillset, ready for roles in quantitative analysis, risk management, and financial modelling across the global financial industry.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This MSc program equips students with advanced statistical and financial mathematics skills. You will explore core areas such as Financial Mathematics, Machine Learning, Time Series analysis, and Stochastic Processes, alongside essential statistical tools like The Statistician's Toolkit and Bayesian Statistics. The program culminates in a substantial dissertation, allowing for in-depth research in a chosen area.

1 Full-time residential

Financial Mathematics
Machine Learning
Time Series
Stochastic Processes and Finance
The Statistician's Toolkit
Bayesian Statistics and Computational Methods
Dissertation

2 Part-time distance learning (two years)

Financial Mathematics
Machine Learning
The Statistician's Toolkit
Time Series
Stochastic Processes and Finance
Bayesian Statistics and Computational Methods
Dissertation

3 Part-time distance learning (three years)

The Statistician's Toolkit
Machine Learning
Bayesian Statistics and Computational Methods
Time Series
Financial Mathematics
Stochastic Processes and Finance
Dissertation

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 39,456.00
Total Program Cost Estimated total tuition
USD 39,456.00

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

Living Costs

Accommodation
USD 667.00 - USD 2,267.00
Food & Groceries USD 3,222.00 - USD 4,028.00
Transport USD 806.00 - USD 3,222.00
Utilities & Bills USD 4,028.00 - USD 5,034.00
Estimated Total USD 8,056.00 - USD 11,278.00

Living cost estimates are based on Sheffield Campus.

Outcomes & Employability

What happens after you graduate

92%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Accounting & AuditingAerospace Supply Chain & LogisticsAgricultural Technology & Precision FarmingAgrochemical & Seed IndustryCommercial AviationConsumer Finance & Credit ServicesCrop Production & FarmingEnvironmental & Sustainability ConsultingFinancial Technology (Fintech)Government & Regulatory Agencies

Top Employers Hiring for this course

Deloitte UK

EY

HBSC

Lloyds Banking Group

Rolls Royce

Why Study Statistics with Financial Mathematics MSc at University of Sheffield

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Life at University of Sheffield in United Kingdom

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 Statistics with Financial Mathematics MSc at University of Sheffield

Can I work while studying?

International students enrolled in this degree can work up to 20 hours per week during term time and full-time during breaks. No separate work permit is required.

What English language score do I need for this course?

For your application, you need a TOEFL overall score of 88, with specific minimum scores in listening, reading, speaking, and writing. Alternatively, IELTS and PTE scores are accepted as well.

What jobs can I get after studying this course?

Graduates can pursue careers as Data Analysts, Financial Statisticians, Risk Analysts, Quantitative Researchers, and Actuaries.

What will I actually study in this course?

This course covers essential financial topics like the Capital Asset Pricing Model and the Black-Scholes option pricing formula. Additionally, you'll gain proficiency in statistical methods such as Bayesian statistics and machine learning.

When can I start — what are the intake months?

The MSc in Statistics with Financial Mathematics accepts new students every September. Be sure to apply in advance to secure your place.
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