MSc in Mathematical and Computational Finance - Admissions

The finance industry is one of the largest employers of mathematicians in the world. Mathematicians work in quantitative roles not only in investment banks and central banks but also in associated software companies, hedge funds, insurance companies and the finance departments of large corporations. The common language of modern financial markets is mathematics and those who work in this field have the opportunity for challenging and well-rewarded careers. Increasingly, a Masters degree from a top university is regarded as a prerequisite qualification to work in the industry. It is also a big step towards doing further research in this fascinating and dynamic subject.


Before you apply

Important Documents to be read before you apply:

  • Selection Criteria for the MSc MCF

    • If you are in doubt about whether your degree is in "mathematics or a related discipline", please see the answer to this FAQ

  • Graduate Studies Prospectus

  • Please ensure that you follow closely the guidance in the Application Guide.

  • GRE or GMAT test results are not a compulsory part of an application for the MSc Mathematical & Computational Finance, but if you feel a GRE or GMAT test result may help demonstrate your mathematical ability, you are welcome to include it with the supporting materials if you wish.

  • Please see the MSc Mathematical and Computational Finance webpage at Graduate Admissions for application deadlines

  • For general information on admission and help with any technical difficulties with the online application process, please contact Graduate Admissions at

  • If you have a disability, please see information on provision for disability and on accessibility

Important Information for Applicants

  • The course code is 000171

  • Please see the course webpage on the Graduate Admissions webpages to check the current admissions status for the MSc Mathematical & Computational Finance. Admissions open each September for entry in the September of the next academic year.

  • Students on the course pay university fees. To check whether you are eligible for any funding, please use the fees, funding and scholarship search tool. Please note, however, that most students on the course are self-funded.

  • We charge successful applicants a deposit in order to secure their offer (normally 10% of the University tuition fee). We will correspond in more detail about this with successful applicants.

  • Frequently Asked Questions


Admissions Criteria

Please see the entry requirements on the Graduate Admissions webpage.

Applicants should have a good background in probability, statistics, ordinary and partial differential equations, linear algebra and analysis. Students who started in the previous years typically came from the very top end of their cohort, for example with a First Class degree, or equivalent GPA. Applicants need to demonstrate their aptitude for, and knowledge of, mathematics, particularly in the area of real analysis, through their performances in the admissions test and at interview. Successful applicants have a variety of quantitative undergraduate degrees. Applicants with undergraduate degrees that are not purely mathematical will still be expected to demonstrate they have sufficient knowledge to perform well on the programme.

How can I maximise my chances of being offered a place on the course?

The most effective means of optimising your chance of being offered a place on the course is through excellent performances in your degree and at interview. The assessors are looking for evidence of your mathematical ability and knowledge, however acquired, so you can use self- , as well as formal study, to enhance your knowledge. The FAQ on background above, together with the number of places available and average number of applicants on the right-hand side of the Graduate Admissions website, may give you an idea of how likely you are to be accepted.

I don't quite meet the entry requirements. Can I still apply?

You can still apply if you don't meet the entry requirements. However, you should bear in mind that many of the applicants against whom you will be competing will have met the entry requirements. If you feel your performance has not reflected your potential, please outline in your personal statement any extenuating circumstances of which you wish the assessors to take account.