The University of Sheffield
Prospective Postgraduates

Statistics with Financial Mathematics - MSc

School of Mathematics and Statistics, Faculty of Science

Everything we teach you is based on real-life, practical concerns so at the end of the course you'll be well prepared for a career as a statistician or to go on to further research.

About the course

1 year full time/2-3 years part time by distance learning

Recent years have seen rapid developments in the application of probabilistic, statistical and mathematical techniques used in the finance industry. Graduates with skills in these areas are in high demand from employers.

The course is based on the traditional MSc in Statistics with additional training in the concepts, models and tools of modern mathematical finance.

Entry requirements

Minimum 2:1 honours degree in mathematics, which must include a significant proportion of modern theorem and proof-based mathematics.

A strong performance in a module based on rigorous mathematical analysis is essential. Your degree must also include a substantial component in statistics and probability theory

English language requirements

IELTS 6.5 (with no less than 5.5 in each part), or TOEFL 90–91 (iBT), or equivalent.

Entry requirements for international students 

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Core modules

  • Analysis of Data
  • Statistical Laboratory
  • Linear Models
  • Bayesian and Computational Inference
  • Time Series
  • Dissertation

Optional modules

  • Financial Mathematics
  • Stochastic Processes
  • Stochastic Finance

Teaching

  • Lectures
  • Tutorials
  • Computing sessions
  • Group work
  • Student presentations
  • Role-play

The distance learning option uses:

  • The web
  • Email and phone support
  • Residential weeks

Assessment

  • Formal examinations
  • Project work
  • Dissertation

Fees and funding

You may be able to get University and external company funding depending on your qualifications. We need to receive all funding applications by the first week in March. Contact us for further information.

Financial information for postgraduate taught courses

Any questions?

If you'd like to know more about any aspect of our courses, contact us:

E: postgrad-stats@sheffield.ac.uk
T: +44 (0)114 222 3808

Swarna Khare, MSc Statistics


Your career

Our graduates have gone on to careers in finance, manufacturing companies, pharmaceutical companies, government agencies and research institutes with major organisations like First Direct, GlaxoSmithKline, Marks and Spencer, and the Government Statistical Service.

Our courses will also prepare you for PhD level research.

About us

Our staff are engaged in a wide range of professional activities both nationally and internationally, as officers or committee members of societies and organisations, and as organisers and speakers at conferences. This means they're up to date with current applications of statistical methods, so what we teach you is based on the very latest developments.

The department has its own Statistical Services Unit, which provides a range of services to industry, commerce and the public services, including consultancy, training courses and the development of computer software.

As part of the MSc, you'll have the opportunity to observe the work of the Statistical Services Unit, which will give you an insight into the job of a statistical consultant

Distance learning options available to fit around your life.

Learning environment

We're based in the very centre of the University campus, close to the Students’ Union and the main library and computing facilities. You'll have access to a wide selection of postgraduate texts and a number of leading journals in probability and statistics. You'll also get your own desk in an open plan office with other postgraduate student

Flexible study options

This course can be taken full-time over a year by attending lectures in Sheffield or part-time over two to three years via online distance learning. Resident students and distance learning students work together on some group projects.

Apply now

You can apply for postgraduate study using our Postgraduate Online Application Form. It is a quick and easy process.

Postgraduate Online Application Form