Master of Science [M.Sc] (Mathematics and Finance)
STEM Course
1 year
Full Time
On Campus
Field of Study:
₹40.5 L/Yr
£38,600 /Yr
- Master of Science in Mathematics and Finance at Imperial College London is a 1-year program.
- It is an on-campus, 90 credits program offered on a full-time basis.
- This program is also offered on a part-time basis for a duration of 2 years.
- Mathematical finance is a subject that is both mathematically challenging and deployed every day by sophisticated practitioners in the financial markets.
- Scientific computing (object-orientated programming in C++) is an integral part of the program.
- The core modules of the program are:
- Computing in C++
- Interest Rate Models with Credit Risk, Collateral, Funding Liquidity Risk and Multiple Curves
- Fundamentals of Option Pricing
- Quantitative Risk Management
- Simulation Methods for Finance
- Statistical Methods in Finance
- Stochastic Processes
- Students study 4 core modules in the autumn term and 3 core modules in the spring term.
- The 5 optional modules are taken alongside this in either, or both, of the autumn and spring terms.
- Students have to submit coursework throughout the two terms and sit their exam in January and April/May.
- The supervised research project takes place over the summer when modules have been completed.
- Students work with an academic supervisor and sponsor to scope out the project at the start and submit the project in September.
- Part-time students take the core modules in the autumn and spring terms of year one and two.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹4049912 (GBP 38600) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | ₹1314018 |
| Food | ₹439930 |
| Total Cost | ₹1753948 |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must have a 2.1 degree in mathematics, applied mathematics, or physics from a recognized university.
- Students must be qualified in IELTS or TOEFL and PTE to get admission in this program.
Indian Student Eligibility:
Indian students are eligible to apply if they complete one of the following eligibility criteria:
- Students should have completed a 3-4 year bachelor's degree from a mainstream university (state/federal or deemed institution) passed with the required grades.
- Students for research should hold a 3 to 4-year bachelor's degree and master's degree, both passed with required grades.
- Applicants from elite institutions will be required to obtain a minimum overall average of 7 / 10 or 60%. These are the college minimum scores and particular departments may seek grades at a higher level.
- Applicants from other approved institutions will be required to obtain a minimum overall average ranging from 7.5-8 / 10 or 65-70%.
Scores Required
Required Document List
The Documents required are:
- Resume/CV - This provides a summary of a student's experience and skills.
- Higher Secondary School Certificate - The certificate provided by the education board after completion of the Higher secondary education.
- Statement of marks - The marks statement provided by the education board.
- Financial Documentation - The Proof that shows the financial background of the student.
- Letter of Recommendation - This shows who recommended the student to pursue the degree.
- Statement of Purpose - This is an essay or any written statement written by the student while applying.
- English Language Requirement - This shows the test score of English Proficiency Exams such as IELTS, TOFEL, PTE, etc.
Course Guides
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Career and Placement after Course
The possible career opportunities for students are:
- Accountancy & Professional Service
- The Actuarial Profession
- Banking - Investment Banking
- Banking - Retail Banking, etc.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Imperial College Scholarship 50% Tuition Fee Waiver | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeCollege-Specific | |
| Brilliant Minds MBA Scholarship | Scholarship per student₹ 60.8 L/Yr$57,990 | Level Of StudyMaster | TypeCollege-Specific | |
| Goa Education Trust Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Commonwealth Scholarship | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Debesh Kamal Scholarship | Scholarship per student₹ 1.5 L/Yr$1,385 | Level Of StudyBachelor | TypeMerit-Based |
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