The African Institute of Financial Markets and Risk Management in association with the Department of Finance and Tax offers an MPhil in Mathematical Finance by coursework and dissertation. The programme has been designed to accommodate students from a wide variety of backgrounds. This degree is mathematical in nature and requires a high level of skill in statistics and mathematics.
The programme is intensive and challenging‚ and combines training in applied mathematical‚ statistical and computing skills with a solid understanding of financial markets and asset pricing theory. It consists of 2 preliminary courses that run 3 weeks prior to the start of the rest of the degree‚ 120 credits of coursework and a 60 credit minor dissertation. Graduates of this degree are well-equipped for careers in most sophisticated areas of investment banking‚ asset management‚ risk management‚ or any career where a solid quantitative finance or financial engineering background is useful. They may also pursue doctoral research in quantitative finance.
There are limited places on the degree and admission is based on merit. Applicants must have an Honours (or four–year equivalent) degree in Mathematics, Statistics, Actuarial Science, Computer Science, Physics, or any branch of Engineering. Applicants should be aware that this is predominantly a mathematical degree and preference will be given to candidates with a strong background in a mathematical science. Admission is at the discretion of the admissions committee and meeting the minimum requirements does not guarantee acceptance. Once admitted, candidates must pass or gain credit for the pre–courses to continue with the degree.
Although AIFMRM cannot guarantee financial support for our students, graduates of our degrees are in high demand, so there are numerous companies who offer bursaries and scholarships for AIFMRM students. Application for these takes place after acceptance.