MSc Quantitative Finance

Gain a thorough understanding of the quantitative methods needed for financial decision making.

You learn how to design new financial products and gain advanced knowledge of the main theoretical and applied quantitative finance concepts. There is an international and multicultural perspective with a focus on current issues.

The course is linked to The Manchester Accounting and Finance Group – one of the leading accounting and finance units in Europe.

Alliance MBS is ranked 19th in the world for Accounting and Finance research according to the 2016 QS World Rankings.

MSc Quantitative Finance / Overview

Year of entry: 2017

Degree awarded
MSc
Duration
12 months full-time
Entry requirements

We normally look for a UK bachelor degree with first or upper second class honours, or the overseas equivalent, with excellent results in finance and quantitative subjects (accounting is not considered to be finance). 

When assessing your academic record, we take into account your grade average, position in class, references and the standing of the institution where you studied your qualification. 

You need to have studied or be studying for a degree in finance, economics, mathematics, statistics, physics, engineering, actuarial or decision sciences and have taken or be taking a significant number of modules in quantitative subjects, such as differential equations, econometrics or mathematical statistics in the final year of your degree. You need excellent results in these subjects.

We highly recommend GMAT or GRE for applications to all our accounting and finance related programmes. We anticipate a well-balanced score with a strong performance in the quantitative sections.

Full entry requirements

How to apply

Apply online

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y N N N

Course description

Course module details >>  

Alliance Manchester Business School and the School of Mathematics have combined their academic strength and practical expertise to deliver the  MSc Quantitative Finance  course.

Ensuring that the mathematics element is accessible, the programme offers a good balance between mathematics and finance. They are particularly suitable for students with a degree in Finance, Financial Economics, Actuarial Science, Engineering, and Mathematics (see  entry requirements ), as well as relevant work experience (non-compulsory). It is also suited to those wishing to gain salary enhancements, or students wishing to pursue advanced studies in quantitative finance.

The course provides an advanced knowledge and understanding of the main theoretical and applied concepts in quantitative finance and financial engineering, delivered from a genuinely international and multicultural perspective, and with a `current issues' approach to teaching. The course is particularly useful for careers that involve designing new financial instruments and managing trading in them.

CFA training

We're pleased to announce that we have teamed up with Kaplan Schweser to facilitate student preparation for the CFA exams. Students attending our finance-related Masters - MSc Accounting, MSc Accounting and Finance, MSc Finance, MSc Finance and Business Economics and MSc Quantitative Finance - who perform well in Semester one and show a strong interest in CFA, will get free access to Kaplan's online training materials for CFA Part One.

Kaplan is a global firm offering professional training and helping individuals and organisations obtain financial certifications and designations. They will support our students by giving them access to tuition material, online question banks and progress tests, as well as mock exam runs. They will also offer tutor support and 1-2-1 sessions.

Students enrol in the CFA Program to build a strong foundation of advanced investment analysis and real-world portfolio management skills. Preparing for the Level I exam is the first step toward earning the Chartered Financial Analyst ® (CFA) credential, the most respected and recognised investment designation in the world.

Trading BootCamp Week

Each year, Alliance MBS runs a five-day Trading BootCamp for all current students studying MSc Accounting, MSc Accounting and Finance, MSc Finance, MSc Finance and Business Economics and MSc Quantitative Finance. These trading simulations provide students with experience of real world trading and the opportunity to engage with contemporary financial markets, enabling them to apply their classroom theory in practice.

To deliver the Trading BootCamp, the School has teamed up with Amplify Trading to provide those looking to enter the financial industry with a crucial skill-set. Amplify Trading  are a global financial trading and training  firm, which offers training to some of the world's largest financial institutions, such as HSBC, Citigroup and Deutsche Bank. They have developed specialist software that enables students to experience a live trading floor and two experienced traders will deliver the week-long training.

Each day there will be four hours of classes in the morning followed by four hours of trading practice in the afternoon. Engaging in live breaking news, economic data and geo-political events, students will be able to apply their understanding, technical expertise and risk management practises in trading different asset classes.

This is a fantastic opportunity for accounting and finance students at Alliance MBS and is another way in which we prepare students for successful careers after graduation.

Library Services

The Eddie Davies Library Finance Zone in Alliance Manchester Business School gives you access to one of the UK's most comprehensive collections of specialist financial and business databases that are used by top researchers around the world. These include Bloomberg, Datastream, Thomson ONE, Compustat, WRDS, Capital IQ and many more.

Read more about the specialist financial and business databases >>

Open days

Masters information sessions

We are hosting a series of informal information sessions for undergraduates who are thinking about pursuing a masters course at Alliance Manchester Business School.

Our Masters courses aren't just for business graduates - from business analytics to operations, and marketing to finance, we have 17 courses to choose from. Join us to meet a careers advisor, admissions staff and current students and discover how our courses can boost your career prospects.

Also, a number of graduates have the opportunity to progress directly onto the Full-time MBA programme as a Young Potential Leader - could you be one of them?

Choose from the following dates:

Wednesday 15 February 2017, 12.00 - 1.30pm

Wednesday 15 March 2017, 12.00 - 1.30pm

Wednesday 26 April 2017, 12.00 - 1.30pm

Wednesday 10 May 2017, 12.00 - 1.30pm

All events are held in the Atrium, Alliance MBS East building (on the corner of Oxford Road and Booth Street East) - number 26 on the campus map.

For further information and to register your interest in attending, please see the Alliance MBS website .

Events round the world

We take part in events both at home and around the world, and we'd be delighted to meet you in your country . If you are visiting Manchester and you are unable to attend one of the Masters Information Sessions, you are welcome to organise a personal visit .

Fees

For entry in the academic year beginning September 2017, the tuition fees are as follows:

  • MSc (full-time)
    UK/EU students (per annum): £24,000
    International students (per annum): £24,000

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, our courses require a deposit of £1000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

  • you fail to meet the conditions of your offer (see below for further information); and/or
  • you are refused a visa or entry clearance to enter the UK (proof must be submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

Scholarships/sponsorships

Contact us for further information about the new Accounting and Finance scholarship for UK/EU students and other  scholarships available .

Contact details

Academic department
Alliance Manchester Business School
Contact name
PGT Marketing and Admissions Office
Telephone
+44 (0) 161 306 1339
Email
Website
http://www.mbs.ac.uk/masters/courses/quant-fin-financial-eng/
Academic department overview
Alliance Manchester Business School was established in 1965 as one of the UK's first two business schools. Today, we are the UK's largest campus-based business and management school, and 'Original Thinking Applied' is at the heart of everything we do. Find out more .
Testimonial Thanasak Ruksapol
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"The course units are taught by lecturers who are specialists with exceptional knowledge and experience in the field. The units involving computational finance and programming, jointly offered with the School of Mathematics, are excellent in terms of teaching and providing hands-on experience for a career in financial engineering."

Thanasak Ruksapol, Thailand

MSc Quantitative Finance, Class of 2016

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