Applied Statistics and Financial Modelling

While practically orientated, this MSc Applied Statistics and Financial Modelling proceeds from a strong theoretical background so as to develop your ability to tackle new and non-standard problems with confidence. The mutual dependence of practice and theory is emphasised wherever possible.

This Master's in financial modelling is ideal if you are considering a career move into statistics, or if your work already involves aspects of data collection and exploration, the interpretation of statistics, or the use of advanced stochastic modelling techniques in the area of quantitative finance. It covers both theory and application of stochastic and statistical modelling techniques required to solve applied problems in industry, the public services, scientific research and commerce.

The course has been specially designed to meet the personal and career development needs of people who want to continue working while also studying in the evening. Many of our students are involved in data analysis, the interpretation of statistics, the optimal design and control of systems, and the modelling and prediction of time-dependent phenomena. They bring a wealth of knowledge and experience into the classroom, and you’ll find yourself surrounded by committed, enthusiastic students from all backgrounds, careers and cultures.

Highlights

Accredited by the Royal Statistical Society - graduates are normally granted Graduate Statistician (GradStat) status.

We bring together research and teaching across economics and finance, mathematics and statistics in a single department, which creates significant interdisciplinary synergies.

Our teaching is informed by the needs of employers and you will be taught by academics who are professional practitioners involved in the world of economics and international finance. They provide specialist advice and in-house training for government departments, City firms and banks.

We have active research groups in mathematics, econometrics and statistics, macroeconomics and microeconomics, which all host visiting speakers and organise seminars.

Our Centre for Applied Macroeconomics disseminates research, hosts events and houses visiting academics.

You will have access to a wide range of study resources, including University of London seminar programmes in probability and statistics, and excellent library facilities close by in Bloomsbury. Extensive computing facilities include PCs and UNIX platforms.

Careers and employability

Graduates can pursue career paths in data collection, research, and analysis, modelling and forecasting. Possible professions include:

statistician

operational researcher

research scientist (maths)

forensic statistician

higher education lecturer.

Further information about careers in statistics is available from the Royal Statistical Society.

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.