First, the introduction of financial mathematics in Britain.
Financial mathematics or financial engineering, also known as mathematical finance, mathematical finance and analytical finance, can be simply understood as the application of modern mathematics and computing technology in the financial field, and it is an interdisciplinary subject of finance, informatics and engineering. As an important branch of financial derivatives, financial mathematics is now one of the first choices for many domestic students to study abroad.
The major of financial mathematics is a comprehensive interdisciplinary subject integrating finance, informatics and engineering. Therefore, applying for this major usually requires a certain academic background, such as mathematics, computer, physics, statistics, engineering and so on.
Second, the employment prospects of financial mathematics major
Graduates majoring in financial mathematics apply their mathematical knowledge, especially advanced probability theory, to finance. Most financial practitioners are engaged in product sales and services, just like all other industries such as automobile manufacturing or telecommunications. But most people's sales and service work is not the core of these industries, and the core of all these industries are technical experts who design products.
Financial mathematics graduates are professionals who design all kinds of complex financial products in the world. It's like an automobile engineer can design a Ferrari that is both risky and entertaining, and a slow but safe tank car. Financial mathematicians can design a series of different financial products for different customers in different markets.
Many financial mathematicians work for international investment banks. However, those companies engaged in commodity trade or international trade (energy companies, airlines, large steel companies, mining companies and international companies) will face commodity price risks and foreign exchange risks. They hire financial mathematicians to deal with these risks.
Three, financial mathematics professional application conditions
The employment advantage of financial mathematics has also become one of the reasons why many students and parents apply for this major. Financial mathematics, as its name implies, requires a certain background in mathematics and computer, so students majoring in mathematics, computer, physics, engineering and statistics are welcome to apply for this major! Students who have studied above and want to join the financial field can still apply successfully!
4. Recommended by British University of Financial Mathematics.
King's College
King's College London is one of the subordinate colleges of London University. Like IC and LSE, it is also one of the more difficult schools to apply for! The requirements for students will be higher than other schools at the same level! This major is located under the School of Mathematics, and it also repeatedly emphasizes the demanding mathematics background, because there are still many mathematics-related courses in the curriculum.
London School of Economics and Political Science
LSE's financial mathematics major will be more technical and targeted. The Master of Financial Mathematics Program of London School of Economics and Political Science is based on the School of Mathematics, and is jointly run with the School of Finance and the School of Statistics to provide students with high-level theoretical guidance on financial mathematics and corresponding calculation method training.
University of Edinburgh
The Master of Financial Mathematics of Edinburgh University is a cooperative project with Heriot Watt University. It provides you with professional knowledge of financial mathematics, including stochastic calculus, and a series of practical techniques for analyzing financial markets. You will also learn quantitative skills in developing and managing risks, which are in high demand by employers after the recent financial crisis.
Leeds University
Leeds University is one of the top universities in Britain, with a glorious history of 100 years. High-quality teaching level and rich and advanced teaching resources make the financial mathematics major of this British university always rank among the top fields in Britain.
University of Sussex
The school's finance major once ranked second, and natural finance mathematics was more sought after. This major is located in the School of Mathematics and requires a certain background in mathematics or engineering. Some students have studied this major before, expressing their satisfaction! There is no graduation thesis for this major, and you can graduate as long as you pass all the courses.
University of Sheffield
Master of Science in Statistics and Financial Mathematics (MSC Statistics with Financial Mathematics) of the University of Sheffield is certified by the Royal Statistical Association, focusing on cultivating students' skills in applying probability, statistics and mathematics in the financial industry. The required courses are: data analysis, statistical laboratory, linear model, reasoning, financial mathematics related data, stochastic process and finance. Evaluation methods include group activities, demonstrations and role-playing.
heriot watt university
The Master of Financial Mathematics of Heriot Watt University is a part of Maxwell's Mathematical Science Research Center. The research environment of the center belongs to the international leading level, aiming at cultivating students' critical mathematical thinking and the use of financial industry tools.