Quantitative Finance MSc - 2019 Entry

Entry Year

Full time 12 Month(s)

Course Overview

Large investment banks such as HSBC and Barclays need people who can work on investment strategies and who can mathematically deduce how risky they are. This course is designed to give quantitative students a foothold in this financial world with the advanced, specialist skills that employers are seeking.

If you have a high level of mathematical ability, a background in a subject such as maths, engineering, physics or another highly quantitative subject and wish to move into finance, this could be the course for you.

Unlike other universities, we teach quantitative finance across four departments of Economics, Mathematics, Management Science, and Accounting and Finance. This means you are taught by specialists in each field, and the faculty member with the most quantitative interests in each department. We also limit our class sizes to deliver a quality teaching experience.

You will learn from your peers as you join Masters’ students from other disciplines such as Accounting and Finance, Management Science, Mathematics or Economics for each module.

Graduates of this course leave with a complete toolkit of skills, from big data mining techniques to Python programming. We also offer modules in Python Programming, Stochastic Calculus, Financial Econometrics and Market Risk Forecasting and Control.

As a LUMS student, you will have the chance to work with our careers team and access our global alumni network. Many of our graduates secure roles with high potential earnings. Recent graduates have moved on to work at organisations such as UBS, Credit Suisse and First Derivatives PLC. This course is also an excellent foundation if you are aiming for a PhD.

Course Structure

You will study a range of modules as part of your course, some examples of which are listed below.



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.

Key Information

Entry requirements:  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 qualification here: 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: English language requirements

If your score is below our requirements we may consider you for one of our pre-sessional English language programmes:


10 week - Overall score of at least 6.0, with no individual element below 5.5


For details of eligibility see:  Pre-sessional programmes

4 week - Overall score of at least 6.5, with no individual element below 6.0

Further information is available at English for Academic Purposes 

Funding: All applicants should consult our information on Fees and Funding.

Further information: MSc Quantitative Finance



Location Full Time (per year) Part Time (per year)
UK/EU £16,000 n/a
Overseas £22,000 n/a

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.