What Will You Study
This one-year interdisciplinary MSc programme delivered by the Management School and the Faculty of Science and Technology is designed to give you in-depth knowledge of the problems and issues in the financial sector, and enables you to develop advanced analytical, problem-solving and technical skills.
The programme gives you access to expertise and facilities in different but related areas, and offers a wide range of potential topics for your summer dissertation. Optional modules also allow you to develop particular specialisms.
You will acquire skills in data and financial analysis, forecasting, optimisation, and computer programming. You’ll also become proficient in various statistical and econometrics packages.
You will study a range of modules as part of your course, some examples of which are listed below.
- Financial Stochastic Processes
- Statistical Methods for Financial and Economic Applications
- Spreadsheet Modelling for Quantitative Finance
- Foundations of Financial Markets
- Quantitative Finance in Practice
- Optimisation and Heuristics
- Financial Econometrics
- Data Mining for Marketing, Sales and Finance
- International Money and Finance
- Assessing financial risk: Extreme Value Methods
- Professional Ethics: Standards in Finance and Accounting Practice
- Advanced Investment Management
- Derivatives Pricing
- Market Risk Forecasting and Control
- Stochastic Calculus for Finance
- Behavioural Finance
- Introduction to Python Programming
Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.
Undergraduate Degree: 2:1 (UK Hons) degree or equivalent in Numerate subject such as Physics, Mathematics, Statistics, Management Science, Engineering. Familiarity at undergraduate level with topics such as probability and statistics, calculus and linear algebra is essential.
It is recommended for your previous studies to have covered the following modules: Maths – Calculus, Probability, Statistics, Linear Algebra (Matrices); Physics, Econometrics, Game Theory, Risk Theory, Operations Research, Complex Functions, Stochastic Processes, Signal Processing, Actuarial Science, Simulation, Computer Science and Engineering.
If you have studied outside of the UK, you can check your qualifications here: http://www.lancaster.ac.uk/study/postgraduate/international-qualifications/
IELTS: Overall score of at least 7.0, with no individual element below 6.0. We consider tests from other providers, which can be found here: http://www.lancaster.ac.uk/study/international-students/english-requirements/requirements-p2/
If your score is below our requirements we may consider you for one of our pre-sessional English language programmes.
Pre-sessional English language programmes available:
10 Week – Overall score of at least 6.0, with no individual element below 5.5
4 Week – Overall score of at least 6.5, with no individual element below 6.0
Further funding information can be found here: http://www.lancaster.ac.uk/study/postgraduate/postgraduate-fees-and-funding/postgraduate-scholarships-&-bursaries/
Further information: Please see our website:
- Accounting and Finance : PhD
- Accounting and Financial Management : MSc
- Advanced Financial Analysis : MSc
- Applied Social Statistics : PhD
- Business Analytics : MSc
- Data Science : MSc
- E-Business and Innovation : MSc
- E-Business and Innovation : PGDip
- Economics : MSc
- Economics : PhD
- Engineering Project Management : MSc
- Finance : MSc
- Health Economics and Policy : MSc
- Health Economics and Policy : PhD
- Logistics and Supply Chain Management : MSc
- Management Science : MRes
- Management Science : PhD
- Marketing Analytics : MSc
- Mathematics : PhD
- Mechanical Engineering with Project Management : MSc
- Money, Banking and Finance : MSc
- Project Management : MSc
- Statistics : MSc
- Statistics : PGDip
- Statistics : PhD
- Statistics and Operational Research (STOR-i) : MRes
- Statistics and Operational Research (STOR-i) : PhD
|Full Time (per year)||Part Time (per year)|
The University will not increase the Tuition Fee you are charged during the course of an academic year.
If you are studying on a programme of more than one year's duration, the tuition fees for subsequent years of your programme are likely to increase each year. The way in which continuing students' fee rates are determined varies according to an individual's 'fee status' as set out on our fees webpages.
What are tuition fees for?
Studying at a UK University means that you need to pay an annual fee for your tuition, which covers the costs associated with teaching, examinations, assessment and graduation.
The fee that you will be charged depends on whether you are considered to be a UK, EU or overseas student. Visiting students will be charged a pro-rata fee for periods of study less than a year.
Our annual tuition fee is set for a 12 month session, which usually runs from October to September the following year.
How does Lancaster set overseas tuition fees?
Overseas fees, alongside all other sources of income, allow the University to maintain its abilities across the range of activities and services. Each year the University's Finance Committee consider recommendations for increases to fees proposed for all categories of student and this takes into account a range of factors including projected cost inflation for the University, comparisons against other high-quality institutions and external financial factors such as projected exchange rate movements.
What support is available towards tuition fees?
Lancaster University's priority is to support every student in making the most of their education. Many of our students each year will be entitled to bursaries or scholarships to help with the cost of fees and/or living expenses. You can find out more about financial support, studentships, and awards for postgraduate study on our website.