[UK] Masters application

[nosti]

Hi,

I'm a third year Banking and Finance student from a non-target University, and I want to transition into mathematical finance. My current undergraduate degree lacks rigour compared to Mathematics, Physics, Engineering etc. The most "rigorous" modules I have taken are Empirical Finance (Econometrics), Risk Management, Options and Futures. I am on track to get a first, 80+ in all of my modules, however I feel like a lack of maths is a serious weak point if I apply.

I'm interesting in the programs offered by Imperial, UCL, CASS, Nottingham,

What prerequisite topics should I cover to create a solid mathematical foundation?

I have noted:

1. Matrix Algebra
2. Linear Algebra
3. ODE, PDE
4. Optimisation
5. Probability (negative binomial)

I already have a introduction to differentiation, integration, statistics.

Secondly, is it a waste of time if I am not applying to top universities I.e. Oxford, Cambridge, LSE? I feel as they wouldn't entertain me regardless of whether I have self studied.

 

[InvestingScientist]

I do not like your chances at either of them honestly. You could try a PGdip in Maths and then follow this up with an MSc in Mathematical Finance. I am confused as to how you know you wanted to do mathematical finance given you have not studied much math?

Alternatively, take some specific modules at the OU/Birkbeck next year whilst working and then reapply the following year to a MSc programme

 

[nosti]

I appreciate your feedback. Would are your thoughts on risk management MSc? I feel like my current skill set is better suited towards it.

I've studied maths until A2 but never continued. I feel dissatisfied with my undergraduate, and If my future is going to be a continuation of this I want to do something more intellectually stimulating.

 

[InvestingScientist]

Risk Management will help you get a job in risk and likely nothing else. That is going to be quantitative stuff, not much comp upside but a stable and growing job market given the focus on risk.

 

[nosti]

I think this is a happy medium. Are you able to comment on phd routes for a masters in risk management if I wanted to do quantitative research?

 

[InvestingScientist]

At the top universities you may be hard pressed to find top phd positions if you do not supplement your work experience with additional learning (and I do not mean Coursera, but say professional qualifications and academic related mathematics modules). The reason I say this is most phd applicants to quant finance likely have MSc in quant finance/math/physics etc.

 

[nosti]

Honestly, I really do appreciate your input. I could arrange something with my current university for now just get a taster while I decide whether I want to pursue a masters in risk management. Could you share a bit about your background? what you've studied, and what relevant jobs you've worked.