MSc Mathematical Finance (MSc MF)
A theory-heavy mathematical finance MSc built around stochastic calculus, martingale methods and derivative pricing, ending in a 60-credit summer dissertation. More mathematical than Manchester's business-school MSc Quantitative Finance.
What you’ll study
Core
- Derivative Securities
- Asset Pricing Theory
- Computational Finance
- Stochastic Calculus
- Brownian Motion
- Martingale Theory
- Stochastic Modelling in Finance
- Stochastic Control with Applications to Finance
- MSc Dissertation (60 credits)
Source: manchester.ac.uk ↗
Before you apply
- Background
- Good upper second or first class honours in Mathematics or a subject with significant mathematical content
- Maths
- probability; real analysis; calculus; ordinary differential equations
- Programming
- Desirable: Python, MATLAB, C/C++ or Java
- English
- IELTS 6.5 overall, 6.5 writing, no sub-test below 6.0
- Other
- Measure theory, PDEs and statistics desirable; staged application rounds
Source: manchester.ac.uk ↗
After graduation
- Typical first roles
- Operational Risk Manager, Reassurance Analyst, Software Engineer, Audit Associate, PhD in Financial Mathematics
- Employers
- Safecap Investments, Moody's Analytics, Baker Tilly Cyprus, Lloyds Bank
Source: manchester.ac.uk ↗
Want to see what employers ask for? Browse open quant roles.
What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- QuantNet: University of Manchester MSc Mathematical Finance (reviews) (QuantNet)
- Anyone with experience in MSc Mathematical Finance at University of Manchester? (QuantNet)
- Manchester quant finance (QuantNet)
- Manchester MSc QF vs Edinburgh MSc CMF (QuantNet)
Applications run in staged rounds (deadlines from 6 Nov 2026 to 21 May 2027). A QuantNet user commented that published career data show few placements into hedge fund or quant roles (anecdotal).
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.