Master of Science in Financial Mathematics
This programme is about high-level mathematics applied to practical problems in finance and industry. It is designed for holders of an honours BA or B.Sc. in Mathematics (or a closely-related field) who want to gain a working knowledge of up-to-date financial and industrial modelling, thereby opening up new career opportunities for themselves.
This programme is based on the idea that high academic content and relevance to the real world are not mutually exclusive; indeed the full power of a mathematical theory is revealed only when it is put to use to solve practical problems. In this course, abstract theories are never presented for their own sake; equally we avoid fruitless lists of disconnected case studies. We believe that an integrated presentation of the theory and its use in practice is the optimal approach.
For the student, the resulting blend of sophisticated mathematics and significant applications is intellectually satisfying: the motivation to explore general concepts springs from their potential practical applications; these serve in turn to illustrate general methods. The student learns that the potential inherent in general concepts extends far beyond the specific applications covered in any given course.
For the employer, graduates who have at their command a wide spectrum of general methods and the ability to adapt them to new situations are infinitely more valuable than ones who are merely equipped with specific and thus limited skills.
The recent explosion of the derivative security market has created an unprecedented need for highly-sophisticated mathematics within the banking sector. With new exotic options appearing on the market every year, it is essential for the financial analyst to understand in-depth the random nature of the stock market. This requires a high degree of proficiency in the techniques of stochastic analysis. No other programme addresses these demands in Ireland at present. DCU is in a unique position to fill this gap because of its long-standing commitment to the field of financial mathematics, as testified by our B.Sc. in Financial Mathematics and the Edgeworth Centre for Financial Mathematics, located in the School of Mathematical Sciences.
In 2009, the School was awarded the only Stokes Chair in Financial Mathematics in the country and succeeded in attracting a leading academic from Boston University. Students will thus have the benefit of receiving tuition at the highest level.
Intakes
- Jan
- Sep
Application Processing Time in Days: 10
Application Process
Minimum English Language Requirements
English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
---|---|---|---|---|---|
Expert | 9 | 120 | 297-300 | 86-90 | |
Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
Very Good | 8 | 110-114 | 270-280 | 79-83 | |
Good | 7.5 | 102-109 | 253-267 | 73-79 | |
Good | 7 | 94-101 | 240-253 | 65-73 | |
Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
Competent | 6 | 60-78 | 170-210 | 50-58 | |
Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
Modest | 5 | 35-45 | 107-133 | 36-43 | |
Limited | 4 | 32-34 | 97-103 | 30-36 | |
Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
The Careers Service is DCU’s central hub for employability. Through learning and development initiatives, we empower students to shape their futures to become successful in their chosen career paths; provide opportunities to connect students with the agile nature of the world of work; and be a leading player in the talent development and employer engagement for our local, national and global communities.
PSW Opportunity
Honours undergraduate degree holders (Level 8) can stay in Ireland to work (and/or to seek employment) for 12 months after finishing their studies, and
Masters and postgraduate students (Levels 9 and 10) can work for up to 2 years after they graduate.
Admission Requirement / Eligibility Criteria
- Course Code: DC704
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 01 Year
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Total Tuition Fee:
16000 EUR
Annual Cost of Living: 10500 EUR
Application Fee: 50 EUR
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