Quantitative Finance with Data Science
MSc
Application options include:
Course Overview
This MSc Quantitative Finance with Data Science provides you with training in advanced mathematical finance and the skills in data science needed for a career in modern financial institutions.
The range of topics covered includes:
- statistical analysis
- numerical mathematics
- machine learning
- computer programming with applications of focused on real world problems in finance.
This Master's degree provides you with substantial knowledge and understanding of mathematical techniques that are commonly used in the finance industry including derivative pricing, risk quantification and portfolio management, as well as statistical tools such as forecasting, hypothesis testing, volatility models and financial time series.
You will acquire expertise in the areas of option pricing, risk management, numerical implementation, applications of machine learning and coding skills in Python, R and Matlab.
Discover the career opportunities available by taking Quantitative Finance with Data Science (MSc).
Key information and modules
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Quantitative Finance with Data Science MSc: 1 year full-time, on campus, starting October 2025
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Quantitative Finance with Data Science MSc: 2 years part-time, on campus, starting October 2025
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Highlights
- Many of our students work in the finance industry, which generates a lively atmosphere in class and ensures that you'll be studying alongside committed, enthusiastic students with a wealth of experience.
- Our teaching is informed by the latest research and by the needs of employers, so you'll be taught by academics who are professional practitioners involved in the world of economics and international finance.
- Our teaching is renowned for its high quality and we provide in-house training for government departments and City firms and banks, including the Treasury and the Bank of England.
- Birkbeck was ranked in the top 25 universities in the UK for its Economics and Econometrics research in the most recent 2021 Research Excellence Framework.
- We bring together research and teaching across economics and finance, mathematics and statistics in a single department, which creates significant interdisciplinary synergies.
- We offer a range of postgraduate courses in finance. Read an overview of each course to find the right one for you.
Birkbeck makes all reasonable efforts to deliver educational services, modules and programmes of study as described on our website. In the event that there are material changes to our offering (for example, due to matters beyond our control), we will update applicant and student facing information as quickly as possible and offer alternatives to applicants, offer-holders and current students.
Most of our courses are taught in the evenings, however some of our courses offer a daytime timetable. Where there is an option to attend daytime teaching sessions, this is stated in the Key Information section under Attendance.
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Entry Requirements
The normal entry requirement is a second-class honours degree (2:2) or above from a UK university, or overseas equivalent, in a quantitative subject such as mathematics, physics, statistics, economics or engineering. Graduates from other disciplines such as computer science will be accepted if their degree contains a major quantitative element.
In some circumstances, we are able to admit students with an undergraduate degree that is less than the 2:2 standard, provided that your subsequent work experience and/or education and training is considered to have brought you to an equivalent standard.
Alternatively, a merit or higher in a Graduate Diploma in economics, mathematics or statistics would be suitable.
Applications are reviewed on their individual merits and your professional qualifications and/or relevant work experience will be taken into consideration positively. We actively support and encourage applications from mature learners.
On your application form, please list all your relevant qualifications and experience, including those you expect to achieve.
Apply now to secure your place. The earlier you apply, the sooner your application can be considered and you can enrol. You do not need to have completed your current qualification to start your application.
English language requirements
If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.
If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses and foundation programmes to help you improve your English language skills and get your place at Birkbeck.
Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.
Visa and funding requirements
If you are not from the UK and you do not already have residency here, you may need to apply for a visa.
The visa you apply for varies according to the length of your course:
- Courses of more than six months' duration: Student visa
- Courses of less than six months' duration: Standard Visitor visa
International students who require a Student visa should apply for our full-time courses as these qualify for Student visa sponsorship. If you are living in the UK on a Student visa, you will not be eligible to enrol as a student on Birkbeck's part-time courses (with the exception of some modules).
For full information, read our visa information for international students page.
Please also visit the international section of our website to find out more about relevant visa and funding requirements by country.
Please note students receiving US Federal Aid are only able to apply for in-person, on-campus programmes which will have no elements of online study.
Credits and accredited prior learning (APL)
If you have studied at university, you may have accumulated credits through the modules you studied. It may be possible to transfer these credits from your previous study to Birkbeck or another institution.
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Fees
Quantitative Finance with Data Science MSc: 1 year full-time or 2 years part-time, on campus, starting in academic year 2025-26
Academic year 2025–26, starting October 2025
Part-time home students: £7,260 per year
Full-time home students: £14,520 per year
Part-time international students: £12,300 per year
Full-time international students: £24,600 per yearStudents are charged a tuition fee in each year of their course. Tuition fees for students continuing on their course in following years may be subject to annual inflationary increases. For more information, please see the College Fees Policy.
If you’ve studied at Birkbeck before and successfully completed an award with us, take advantage of our Lifelong Learning Guarantee to gain a discount on the tuition fee of this course.
Discover the financial support available to you to help with your studies at Birkbeck.
International scholarships
We provide a range of scholarships for eligible international students, including our Global Future Scholarship. Discover if you are eligible for a scholarship.
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Teaching
At Birkbeck, most of our courses are taught in the evening and all of our teaching is designed to support students who are juggling evening study with work and other commitments. We actively encourage innovative and engaging ways of teaching, to ensure our students have the best learning experience.
Teaching may include formal lectures, seminars, and practical classes and tutorials. Formal lectures are used in most degree programmes to give an overview of a particular field of study. They aim to provide the stimulus and the starting point for deeper exploration of the subject during your own personal reading. Seminars give you the chance to explore a specific aspect of your subject in depth and to discuss and exchange ideas with fellow students. They typically require preparatory study.
In addition, you will have access to pastoral support via a named Personal Tutor.
Methods of teaching on this course
The majority of teaching is delivered in the form of the traditional in-person lectures, with an online option available when you are not able to attend in person. Private study is also an important part of this course.
Teaching hours
Our evening hours are normally between 6pm and 9pm (6-7.30pm and 7.30-9pm). Some programmes also offer teaching during the day and this will be clearly signposted to you where it is available.
On our taught courses, you will have scheduled teaching and study sessions each year. Scheduled teaching sessions may include lectures, seminars, workshops or laboratory work. Depending on the modules you take, you may also have additional scheduled academic activities, such as tutorials, dissertation supervision, practical classes, visits and field trips. On our taught courses, the actual amount of time you spend in the classroom and in contact with your lecturers will depend on your course, the option modules you select and when you undertake your final-year project (if applicable).
Alongside your contact hours, you will also undertake assessment activities and independent learning outside of class. The amount of time you need to allocate to study both for taught sessions (this might include online sessions and/or in-person sessions) and personal study will depend on how much you are studying during the year and whether you are studying full time or part time.
Birkbeck’s courses are made up of modules and allocated ‘credit’. One credit is equivalent to ten hours of learning time. Modules are usually in 15, 30 or 60 credit units. A 15-credit module will mean around 150 hours of learning, including taught sessions and independent study or group work. This is spread out over the whole period of that module and includes the time you spend on any assessments, including in examinations, preparing and writing assessments or engaged in practical work as well as any study support sessions to help you in your learning.
On our distance-learning and blended-learning courses, discussion, collaboration and interaction with your lecturers and fellow students is encouraged and enabled through various learning technologies.
Timetables
Timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online (if you have been invited to enrol).
Indicative class size
Class sizes vary, depending on your course, the module you are undertaking, and the method of teaching. For example, lectures are presented to larger groups, whereas seminars usually consist of small, interactive groups led by a tutor.
Independent learning
On our taught courses, much of your time outside of class will be spent on self-directed, independent learning, including preparing for classes and following up afterwards. This will usually include, but is not limited to, reading books and journal articles, undertaking research, working on coursework and assignments, and preparing for presentations and assessments.
Independent learning is absolutely vital to your success as a student. Everyone is different, and the study time required varies topic by topic, but, as a guide, expect to schedule up to five hours of self-study for each hour of teaching.
Study skills and additional support
Birkbeck offers study and learning support to undergraduate and postgraduate students to help them succeed. Our Learning Development Service can help you in the following areas:
- academic skills (including planning your workload, research, writing, exam preparation and writing a dissertation)
- written English (including structure, punctuation and grammar)
- numerical skills (basic mathematics and statistics).
Our Disability and Dyslexia Service can support you if you have additional learning needs resulting from a disability or from dyslexia.
Our Counselling Service can support you if you are struggling with emotional or psychological difficulties during your studies.
Our Mental Health Advisory Service can support you if you are experiencing short- or long-term mental health difficulties during your studies.
Assessment
Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations, although this will vary from course to course - on some of our courses, assessment is entirely by coursework. The methods of assessment on this course are specified below under 'Methods of assessment on this course'. You will need to allow time to complete coursework and prepare for exams.
Where a course has unseen written examinations, these may be held termly, but, on the majority of our courses, exams are usually taken in the Summer term, during May to June. Exams may be held at other times of the year as well. In most cases, exams are held during the day on a weekday - if you have daytime commitments, you will need to make arrangements for daytime attendance - but some exams are held in the evening. Exam timetables are published online.
Find out more about assessment at Birkbeck, including guidance on assessment, feedback and our assessment offences policy.
Methods of assessment on this course
Examinations, assessed coursework and a dissertation.
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Careers and employability
You will find quantitative finance and data science graduates in the following quantitative analyst/developer roles across a range of financial institutions including investment banks, hedge funds and insurance firms:
- Analyst/adviser in the risk management sector
- Portfolio management
- Financial data scientist
- Machine learning engineer
- Analyst within the Bank of England and Treasury
We offer a comprehensive careers service - Careers and Enterprise - your career partner during your time at Birkbeck and beyond. At every stage of your career journey, we empower you to take ownership of your future, helping you to make the connection between your experience, education and future ambitions.
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How to apply
You apply directly to Birkbeck for this course, using the online application link.
You will need to prove your identity when you apply - read more about suitable forms of identification.
When to apply
You are strongly advised to apply now, to ensure there are still places on your chosen course and to give you enough time to complete the admissions process, to arrange funding and to enrol.
You don't need to complete your current programme of study before you apply - Birkbeck can offer you a place that is conditional on your results.
You will also receive information about subject-specific induction sessions over the summer.
Help and advice with your application
Get all the information you need about the application, admission and enrolment process at Birkbeck.
Our online personal statement tool will guide you through every step of writing the personal statement part of your application.
Apply for your course
Apply for your course using the apply now button in the key information section.
Related courses
Course structure
Course structure listing
Course structure and modules for Quantitative Finance with Data Science MSc: 1 year full-time or 2 years part-time, on campus, starting October 2025
You must complete modules worth a total of 180 credits, consisting of:
- seven compulsory modules (150 credits), including either Statistical Analysis or Econometrics of Financial Markets
- a 6000-word dissertation (30 credits).
Compulsory modules
- Credit Risk Management
- Econometrics of Financial Markets
- Financial Data Science with Python
- Financial Modelling and Data Science
- Market Risk Management
- Quantitative Techniques
- Statistical Analysis
- Statistical Learning