![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
Quant Guide 2017: University of Warwick
Warwick Business School, Coventry, UK
![QUANT 5 Warwick_Business_School_Extension.jpg](/sites/default/files/styles/landscape_750_463/public/2017-06/QUANT%205%20Warwick_Business_School_Extension.jpg.webp?h=2e8b64ad&itok=H0q5zFks)
MSc in Financial Mathematics | metrics table at end of article
The modern quant has to be able to communicate and collaborate – requirements that are mirrored in the running of the one-year master’s programme in financial mathematics at Warwick Business School.
The programme is administered collectively by the business school, Warwick University’s mathematics institute and its department of statistics. Even though the majority of what is taught is in mathematics, there is a significant financial component. “This cross-faculty administration gives our programme a flavour that’s quite distinctive,” says David Hobson, the course leader. “It provides us with more rounded graduates. Having teaching input from a broader category of people helps with that.”
It can also help the graduates find their way in the world, according to Alex Tse. A 2009 graduate, Tse returned to his birthplace – Hong Kong – where he worked as an equity derivatives trader at Australia’s ANZ. This experience showed him how wide the range of stakeholders is for quant finance, and that quants themselves need to be adept at bridging the gaps that exist between the various parties.
“What’s important is the ability of quants to explain technical valuation methodologies to non-specialists. In the old days, quants had to deal with traders or structurers who have a pretty good command of what’s happening with modelling methodologies, but nowadays the end-users could be regulators and senior managers in banks”.
![QUANT 5 University_of_Warwick_flag_2007.jpg](/sites/default/files/styles/portrait_230_372/public/2017-06/QUANT%205%20University_of_Warwick_flag_2007.jpg.webp?h=b778abd4&itok=n8r3YbJI)
He lists the synergy of different topics available to students as one of the most attractive aspects of Warwick’s programme. In 2013, Tse returned to Warwick to pursue a PhD and is currently a research associate at Cambridge University.
Despite the division of labour taking place between three departments, the focus on mathematics in the Warwick master’s is preserved. “We expect students to have done a mathematics degree of some form – the typical route is to have done a mathematical degree. Probability, statistics, mathematical analysis and algebra are useful,” says Hobson.
The programme is no newcomer to the world of postgraduate degrees. It was launched in 1998, and has continued to evolve. One of the innovations scheduled for next year is the introduction of a new module called ‘Topics in mathematical finance’. It will comprise mini-courses, varying from year to year, depending on the latest developments in the field. One of the topics that has been suggested is algorithmic trading.
Programming is also a component of this master’s degree – it includes compulsory study of C++ and MatLab as part of the ‘Numerical methods in finance’ course. Students also get exposure to R as part of a time series course.
Some of the students will work on the final assignment – a summer dissertation – alongside an industrial partner picked by the business school. Even though an academic member of staff oversees this collaboration, the company supervisor sets the direction for the final project together with the student.
![University of Warwick metrics University of Warwick metrics](/sites/default/files/styles/free_crop/public/2017-06/Quant-Warwick-metrics.jpg.webp?itok=Sn6b4qqF)
Click here for links to the other universities and an explanation of how to read the metrics tables
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Quantitative finance
Quant Finance Master’s Guide 2023
Risk.net’s guide to the world’s leading quant master’s programmes, with the top 25 schools ranked
Baruch topples Princeton in Risk.net’s quant master’s rankings
US schools cement top five dominance as graduate salaries soar
Is it worth doing a quant master’s degree?
UBS’s Gordon Lee – veteran quant and grad student supervisor – asks the hard question
Starting salaries jump for top quant grads
Quant Guide 2022: Goldman’s move to pay postgrads more is pushing up incomes, says programme director
Quant Finance Master’s Guide 2022
Risk.net’s guide to the world’s leading quant master’s programmes, with the top 25 schools ranked
Princeton, Baruch and Berkeley top for quant master’s degrees
Eight of 10 leading schools for quantitative finance programmes are based in US, latest rankings show
Quant grad conveyor belt stalls as banks retrench
Jobs market is long quant graduates, short vacancies – but hiring freeze shows signs of thawing
Quant Finance Master’s Guide 2021
Risk.net’s guide to the world’s leading quant master’s programmes, with the top 25 schools ranked