Universities / London School of Economics and Political Science
MSc Stochastic Finance and Machine Learning (formerly Quantitative Methods for Risk Management) (QMRM)
A demanding programme combining stochastic modelling, statistics, machine learning and AI with practical workshops on real data. Succeeds the MSc Quantitative Methods for Risk Management.
What you’ll study
Core
- MA400 September Introductory Course
- ST409 Stochastic Processes
- ST429 Statistical Methods for Risk Management
- ST463 Stochastic Simulation, Training, and Calibration
Electives
- Five half-unit options in statistics, machine learning, AI, specialised finance (market microstructure, derivatives, interest rates, risk analysis) or probability and mathematics
Source: lse.ac.uk ↗
Before you apply
- Background
- 2:1 or equivalent in mathematics, statistics, actuarial science, mathematical economics/finance or another highly quantitative subject
- Maths
- advanced mathematics and statistics coursework
- Tests
- Not mentioned
- English
- Standard LSE level
- Other
- Personal statement (500 words), two references, CV, course descriptions and reading lists
Source: lse.ac.uk ↗
After graduation
- Typical first roles
- Quantitative roles at banks, asset managers and hedge funds, Insurance, Auditing, Consulting, Data science
- Employers
- Barclays, HSBC, Santander UK, Credit Agricole CIB, CITIC Securities, Man Group, Goldman Sachs
Source: lse.ac.uk ↗
Want to see what employers ask for? Browse open quant roles.
Page now shows the renamed programme; QMRM is the earlier title. Rolling admissions. Forums not searched.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.
Similar programmes
London, United KingdomQFDSBirkbeck, University of LondonLondon, United KingdomMSc FMBrunel University of LondonLondon, United KingdomMSc QFCity St George's, University of London (Bayes Business School)London, United KingdomMMFImperial College LondonLondon, United KingdomRMFEImperial College LondonLondon, United KingdomMSc Stats (Stat Fin)Imperial College London