MSc in Mathematical Trading & Finance MSc in Quantitative Finance MSc in Financial Mathematics Information Session 6 February 2014, 18.30
MSc programmes ACTUARIAL Actuarial Science Actuarial Management
MANAGEMENT Streams in: Strategic Management Marketing Entrepreneurship
FINANCE Corporate Finance Finance Investment Management Banking & International Finance International Accounting & Finance Real Estate Investment Finance and Investment (part-time only)
QUANTITATIVE FINANCE SHIPPING, TRADE & FINANCE Shipping, Trade & Finance Energy, Trade & Finance
Mathematical Trading & Finance Quantitative Finance Financial Mathematics
REAL ESTATE Real Estate Real Estate Investment INSURANCE Insurance & Risk Management
One of the world’s top ranked business schools
1
Top
% of elite business schools with triple accreditation to AMBA, EQUIS and AACSB Located in the heart of the financial centre of London, with 3000 students.
Facilities Great location on the doorstep of the City of London Bloomberg and Thomson Reuters trading rooms Wireless access throughout the building Well stocked library with most recent book stock & journals
All teaching is informed by the latest research
10
Ranks Cass Top
UK business schools for business, management and finance research (RAE)
90
% of our research of international significance (RAE)
Research centres include: •Mergers & Acquisitions Research Centre •Centre for Asset Management Research •Emerging Markets Group •Research Centre for Real Estate Finance •Centre for Research in Asian Management •Centre for Banking Research
Cass’s faculty are published in top industry journals
Recent Speakers Jim O’Neil Chairman of Asset Management, Goldman Sachs Jean Claude Trichet President European Central Bank, 2003 - 2011
Angela Knight CEO, British Bankers Association, 2007 - 2012
Alistair Buchanon CEO, Ofgem, 2003 - 2013
Lord Adair Turner Visiting Professor, Cass Business School
His Excellency Sha Peixin The Chinese Ambassador, Marketing in China
Prof Joseph Stiglitz Make Globalisation Work
George Osbourne Chancellor of the Exchequer
Term dates 2014 - 2015 INDUCTION
TERM I
Careers Week / Introduction 15 - 26 September
4 Modules
4 Modules
Term I dates 29 Sept. – 7 December 2014 Exams 12 - 23 January 2015 Sep
Oct 2014
Nov
Dec
Jan
Electives
Term II dates 26 January – 3 April 2015 Exams 27 April – 8 May 2015 Feb
Mar
BUSINESS RESEARCH PROJECT SUBMISSION DEADLINE, 1 SEPTEMBER
TERM III
TERM II
Apr
Term III dates 11 May – 26 June 2015 Assessments 39 June – 10 July 2015 May 2015
Jun
Jul
Aug
Sep
MSc in Quantitative Finance MSc in Financial Mathematics
Dr Laura Ballotta, Admissions Tutor Dr Dirk Nitzsche, Course Director
Why choose the MSc in Financial Mathematics? Intends to provide the tools required to undertake high quality research in both financial and academic institutions Focuses on mathematical theory & programming tools Prepares students for a numbers of roles in the financial industry involving • • •
Model development Product enhancement Implementation of variety of exotic derivative asset classes
Why choose the MSc in Quantitative Finance? Intends to give students a sound understanding of the quantitative aspects of finance, used both by practitioners and academics Blend of economics, statistics, finance and programming Prepares students for a number of roles in the financial industry requiring extensive and indepth market analysis, or for a career in asset management
TERM I: 4 CORE MODULES Financial Mathematics
Quantitative Finance Asset Pricing
Numerical Methods 1: Foundations Mathematical Models for Financial Derivatives
Derivatives
Stochastic Calculus
Foundations of Econometrics
TERM II: 4 CORE MODULES Financial Mathematics
Quantitative Finance
Fixed Income Securities
Numerical Methods 2: Applications to Finance
Risk Analysis Advanced Stochastic Modelling Methods in Finance
Econometrics of Financial Markets
Research Project Skills (1/2 module)
Term III: 5 Electives or 1 elective plus project Energy & Weather Derivatives
Econometrics Modelling
Financial Extreme Value Statistics
Behavioural Finance
Advanced Financial Engineering
Advanced Derivatives
Credit Risk Modelling and Credit Derivatives
Technical Trading
…and many more
Private Equity Investment
FM student intake 2013 South East Asia & Asia pacific Middle East 6% 3
European Union
22% 66%
China
3
UK
QF student intake 2013
China 21% 37% UK
South East Asia
6% 9%
27% Other European
European Union
MSc in Mathematical Trading & Finance
Prof. John Hatgioannides, Course Director
Why MSc in Mathematical Trading & Finance? Excellent reputation of the course • it is the first degree of this specialist nature worldwide • running for its 17th year Course complements theory and with current market practice Leading practitioners from quantitative and trading departments of financial institutions are teaching on the course. Bloomberg dealing room and Reuters facilities Cass offers students TRADERMADE, the leading platform for analytics/trading of FX (mainly) products Programme is offered full & part time
Term 1 (October–December) 4 core modules: Mathematical Finance and Stochastic Calculus Derivatives 1: Forwards, Futures, Swaps: Theory and Dealing Room Applications Quantitative Asset Pricing Advanced Financial Econometrics
Term 2 (January– March) 4 core modules: Derivatives 2; Beyond Black Scholes Valuation of Plain-Vanilla Options and the Pricing of Exotic Derivatives Numerical Methods Risk Analysis and Modelling Structured Equity and Energy Derivatives
Term 3 (April-June) 1/5 elective modules: Advanced Financial Engineering and Credit Derivatives Fixed Income Arbitrage and Trading Quantitative Asset Management Advanced Options Trading Trading and Hedging in the Foreign Exchange Markets Advanced Financial Modelling and Forecasting Technical Analysis and Trading Systems Project (June-July)
MTF student intake 2013 China European Union 15%
21%
Americas 6%
10%
11%
Africa
Middle East
6% UK
12%
19% Other European
South East Asia & Asia Pacific
Scholarships & funding www.cass.city.ac.uk/masters/funding Private and corporate donors Awards available from between £1,000-£20,000 To qualify for a scholarship you must be of a high academic calibre demonstrated by a first class degree or equivalent and be in need of financial assistance Online application
The student community 1,200 students (Full and Part Time) Americas
Average age: 24 45% women
Africa
9% 10%
Over 100 Countries represented 59% Asia
25%
Europe
Get involved Sporting clubs – basketball, adventure sports, badminton, golf, cricket, ski/snowboarding, squash… Business related clubs – investments, trading floor, emerging markets, actuarial society… Others include – dance, film, food and wine and country specific interest clubs… Student organised events include: •
2013 Real estate conference
•
Cass M&A Conference 2013
•
Cass Management Consultancy Society - Emerging Markets – New Safe Havens?
•
Cass Finance Society - A Day in the Life of a TraderWhat Makes Traders Tick?
Getting on the right career path – Cass Careers
Workshops
Interview preparation CVs and applications Assessment centres Networking Commercial awareness Presentation skills Working with recruitment agencies Psychometric tests
One to one appointments Opportunities to engage with employers September Careers Fair
Organisations who participated in the Sept. 2013 MSc Careers Fairs
Organisations who participated in the Sept. 2013 MSc Careers Fairs
Active global community
Global Alumni Network 30,000 with lifetime access to the global on-line Cass alumni community
Active global community Alumni Ball London
Cass Women in Business (CWIB) Speaker Series: e.g., Women in Technology, Lehman Brothers
Regular country reunions, events & Lord mayors receptions - Moscow, Kuala Lumpur, New Delhi & Warsaw
43 events worldwide
Cass Entrepreneurs Network: e.g., Trends in New Media, Christmas party
Alumni receptions in cities including - Paris, Frankfurt, Shanghai, Hong Kong, Tokyo, Sao Paulo & New York
Applying Online application University degree with 2.1 or higher UK equivalent Provisional or full degree transcript Two references academic and / or professional GMAT (if required by Course Director) English proficiency (TOEFL / IELTS) Conditional / Unconditional decisions are rendered on a rolling basis within 4-6 weeks after receipt of the required documents
Keep in touch…
Search for the ‘Cass MSc Diaries’ @Cassinthenews facebook/cassofficial Meet us in person: www.cass.city.ac.uk/courses/masters/events
London Finance Masterclass 25 February 2014, 19.00 Prof. Andrew Clare Associate Dean Cass MSc Programme Cutting off the tail: Is it possible to design investment strategies that limit tail risk? This free Masterclass is your opportunity to experience the sort of teaching our students enjoy on our MSc programmes taught in London. For more details and to register: www.cass.city.ac.uk/masterclasses
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