Statistics with Financial Mathematics MSc 12 months Postgraduate Program By The University of Sheffield |Top Universities
Subject Ranking

# 151-200QS Subject Rankings

Program Duration

12 monthsProgram duration

Tuitionfee

27,670 GBPTuition Fee/year

Scholarship

YesScholarships

Program overview

Main Subject

Statistics and Operational Research

Degree

MSc

Study Level

Masters

Study Mode

On Campus

Our Statistics with Financial Mathematics MSc trains you to apply the probabilistic, statistical and mathematical techniques that are used in the finance industry.

In addition to a variety of statistical techniques, we’ll cover key financial topics such as the Capital Asset Pricing Model, the Black-Scholes option pricing formula and stochastic processes.

You’ll develop a detailed working knowledge of important statistical techniques and concepts, including linear and generalised linear modelling, Bayesian statistics, time series and machine learning. 

You’ll learn how to analyse and draw meaningful conclusions from data, and develop your programming skills using the statistical computing software R.

Around one-third of the course is devoted to your dissertation. This may focus on investigating a data set, or a more theoretical or methodological topic. You’ll gain skills to help you stand out in the graduate job market, such as planning and researching a project, data acquisition, problem specification, analysis and reporting your findings.

External clients, such as pharmaceutical companies or sports modelling organisations, often provide dissertation topics. Distance learning students often come with projects designed by their employer. 

Recent examples of dissertation topics include:
  • Financial modelling with Lévy processes
  • Contagion in Financial Networks


Accreditation Accredited by the Royal Statistical Society

Program overview

Main Subject

Statistics and Operational Research

Degree

MSc

Study Level

Masters

Study Mode

On Campus

Our Statistics with Financial Mathematics MSc trains you to apply the probabilistic, statistical and mathematical techniques that are used in the finance industry.

In addition to a variety of statistical techniques, we’ll cover key financial topics such as the Capital Asset Pricing Model, the Black-Scholes option pricing formula and stochastic processes.

You’ll develop a detailed working knowledge of important statistical techniques and concepts, including linear and generalised linear modelling, Bayesian statistics, time series and machine learning. 

You’ll learn how to analyse and draw meaningful conclusions from data, and develop your programming skills using the statistical computing software R.

Around one-third of the course is devoted to your dissertation. This may focus on investigating a data set, or a more theoretical or methodological topic. You’ll gain skills to help you stand out in the graduate job market, such as planning and researching a project, data acquisition, problem specification, analysis and reporting your findings.

External clients, such as pharmaceutical companies or sports modelling organisations, often provide dissertation topics. Distance learning students often come with projects designed by their employer. 

Recent examples of dissertation topics include:
  • Financial modelling with Lévy processes
  • Contagion in Financial Networks


Accreditation Accredited by the Royal Statistical Society

Admission requirements

6.5+
176+
88+
61+
Minimum 2:1 undergraduate honours degree in a relevant subject with relevant modules.
1 Year
Sep

Tuition fee and scholarships

Domestic Students

12,310 GBP
-

International Students

27,670 GBP
-

One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.

In this guide you will find:
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Where to look for scholarship opportunities

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How to apply to scholarships relevant to you

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A list of available scholarships around the world

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More programs from the university

The University of Sheffield offers undergraduate courses in a range of subject areas including arts and humanities, business, engineering, law, medicine, dentistry and health, science and social sciences. 

Whatever subjects’ students choose to study at the university, they will be taught and supervised by world-leading teachers, researchers and practitioners. Academic staff at the university are experts in their fields, and in the latest Research Excellence Framework 92% percent of Sheffield’s research was rated as internationally recognised, excellent or world-leading. As a Russell Group university, teaching is driven by our research expertise Sheffield is ranked:

  • Top university in the Russell Group for student experience and student support and joint 10th in the UK for best university in the Daily Mail University Guide 2025. 

  • Top 20 in the UK in the Times and Sunday Times Good University Guide 2024.

  • Top 20 in the UK in the Guardian University Guide 2025. 

During their time at Sheffield, students are encouraged to manage their own time to build upon vital organisational skills and prepare for the world of work. In addition to becoming specialists in their chosen subject, students will develop their problem-solving, research, analytical, team working, and leadership skills, as well as increasing their confidence, and becoming resilient and adaptable.

You could study or work abroad, do international research, attend a summer school at one of our partner universities or learn a language. You can even combine all of these. We offer a range of scholarships for many of our global activities. We offer additional support for international students who want to find work in the UK, overseas or in your home country.

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A degree from Sheffield will be recognised and valued by employers all over the world. Academic staff at the university are experts in their fields, and in the latest Research Excellence Framework, 92% percent of Sheffield’s research was rated as internationally recognised, excellent or world-leading. As a Russell Group university, teaching is driven by our research expertise and Sheffield is ranked:

  • Top university in the Russell Group for student experience and student support and joint 10th in the UK for best university in the Daily Mail University Guide 2025. 

  • Top 20 in the UK in the Times and Sunday Times Good University Guide 2024.

  • Top 20 in the UK in the Guardian University Guide 2025. 

We offer postgraduate taught courses in a range of disciplines including arts and humanities, business, engineering, law, medicine, dentistry and health, science and social sciences. The university works closely with business, industry, the arts, government and non-governmental organisations to make sure you develop the skills you need. 

Our approach to teaching reflects the real world. We’ll show you how to manage your own work and there are opportunities to work in teams and develop leadership qualities. You’ll learn about new and emerging fields of study, technology and practices. Most importantly, you’ll gain a perspective on the real world implications, such as complex ethical debates surrounding developments in your specialist field. 


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