Our Financial Engineering Masters programme will support you to achieve the highest levels in mathematical finance, developing the most advanced computational and programming techniques. This will enable you to advance quickly in a field where there is a global demand of highly qualified people.
Financial engineering is a multi-disciplinary field that involves the application of computational engineering, software engineering, and computer programming skills, as well as the underlying mathematical and statistical theories to the analysis and management of financial opportunities.
The programme is for strong (1st, 2.1 or equivalent) graduates from programmes in mathematics, or programmes with advanced mathematical components, and who wish to pursue a career in quantitative analysis in economic or financial sectors with state-of-art mathematical methods, computational skills and programming expertise.
You will receive the most advanced computational and programming techniques which help you advance quickly in the field. Our graduates much in demand from sectors such as economics, finance, banking, actuarial science, insurance and industrial management.
Why study Financial Engineering Masters at Newcastle?
- Acquire the ability to integrate the knowledge of mathematics, statistics and computer science in order to address, critically analyse and provide a rational appraisal of a problem
- Learn to use software packages to perform statistical analysis and empirical studies
- Focus on finding optimal solutions to financial problems in broader and challenging environments
- Train specifically in independent study and research, which is an essential skill for quantitative analyst
- Study at the School of Mathematics which is internationally recognised for the quality of research in various fields
Institutional Accreditation
University of Newcastle is accredited by the DETC Higher Learning Commission (DETC), www.detc.org.uk Since , University of Newcastle has been continually accredited by the DETC Higher Learning Commission and its predecessor.
Financial Engineering Masters/MSc
Course Level:
Postgraduate, Taught
Credits
180
Course
CODE P1103
How long it takes:
1 year full-time
Study Mode:
Distance learning/ Campus
Course cost
Price: US$22,500
Entry requirements
Find out more about
Department:
Newcastle Law School
This course consists of 180 credits, two-thirds from taught modules (core modules are compulsory, choose several optional modules) and one-third from your research project.
Core modules
- Mathematical Finance – 20 credits
- Numerical Methods and Numerical Linear Algebra – 20 credits
- Advanced Mathematical Finance – 20 credits
- Financial Engineering Project – 60 credits
Optional modules
Choose 60 credits. Example optional modules are listed below:
- Applied Statistics – 20 credits
- Statistical Methods in Finance and Economics – 20 credits
- Integer Programming and Combinatorial Optimisation – 20 credits
- Nonlinear Programming I and Heuristic Optimisation – 20 credits
- Game Theory and Multicriteria Decision Making – 20 credits
Considering postgraduate study, but unsure whether you meet the entry requirements for a Masters-level degree? Postgraduate admissions guidelines vary by course and university, but can be quite flexible.
Your existing qualifications will be important, but you don’t necessarily need a great Bachelors degree to apply for a Masters. Your personal circumstances and experience may also be considered during the admissions process.
This guide explains the typical entry requirements for a Masters, which include:
- An undergraduate degree in a relevant subject – Depending on the programme and institution, you may need a 2.1 in your Bachelors, but this isn’t always the case
- Language proficiency – If English isn’t your first language, you’ll need to display a certain ability level, usually through a language test
- Professional experience – Some postgraduate programmes may require you to have some professional experience (this is usually the case for PGCEs and Masters in Social Work)
- Entrance exams – These are only required in certain subject areas and qualifications, including some MBAs
Tuition fees for UK/EU students 2020/21
MSc: Full-time £9,900. Part-time £4,950
Postgraduate Diploma: Full-time £6,660. Part-time £3,300
Tuition fees for International students 2020/21
MSc: Full time £23,310
Postgraduate Diploma: Full-time £15,540
Assessment
You’ll show your progress through a combination of written essays, problem-solving assignments and presentations.
All students take our core modules, but please note that the availability of optional modules is subject to demand.
Career opportunities
Postgraduate study at the University of Newcastle is a chance to learn from world leaders in their fields. This guarantees you a first-class learning experience, leading to a qualification that is respected the world over and making you an attractive prospect in a very competitive job market.
This programme gives an ideal preparation for a career in quantitative analysis in economic or financial sectors with state-of-art mathematical methods, computational skills and programming expertise. The School’s graduates work in a wide variety of fields in governmental and multi-national organisations.
University Careers Network
Preparation for your career should be one of the first things you think about as you start university. Whether you have a clear idea of where your future aspirations lie or want to consider the broad range of opportunities available once you have a Newcastle degree, our Careers Network can help you achieve your goal.
Our unique careers guidance service is tailored to your academic subject area, offering a specialised team (in each of the five academic colleges) who can give you expert advice. Our team source exclusive work experience opportunities to help you stand out amongst the competition, with mentoring, global internships and placements available to you. Once you have a career in your sights, one-to-one support with CVs and job applications will help give you the edge.