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Computational Finance

Overview

The MSc in Computational Finance programme is a technically-oriented Masters in Finance programme, which is designed to equip graduates from cognate backgrounds with the combination of advanced technical knowledge and industry-facing skills which employers increasingly require of graduate hires in the international financial services industry. The MSc in Computational Finance programme is highly regarded by employers, due in no small part to its emphasis on a ‘learning-by-doing’ teaching philosophy, an approach which has been made possible by affording our students frequent exposure to both lecture and workshop classes in Ireland’s first campus-based (Bloomberg-equipped) Trading Floor, which is housed in the new Kemmy Business School building. Employment prospects for graduates of the programme are exceptional. Please refer to the Graduate Profile tab for some recent examples of graduate employment.

Entry requirements

The MSc in Computational Finance is aimed at highly numerate graduates from Ireland and abroad with a background in a cognate discipline such as Economics and Finance and with a grade of 2:2 or higher in a Level 8 primary degree (National Qualifications Authority of Ireland). In addition, graduates from Mathematical Sciences (financial mathematics, actuarial finance, statistics and/or applied probability theory) or Engineering programmes are also welcome to apply for entry to the programme.

Recognition of Prior Learning: applications from industry professionals with relevant prior experience in investment or credit institutions, and looking to up-skill in the area of quantitative finance and/or quantitative risk management, will also be considered.

In the case of international students a candidate must demonstrate evidence of a high score on the mathematics component of the GMAT examination, or equivalent. In addition, a certified demonstrable achievement in a Standard English Language Competency Test will also be required.

WHAT TO INCLUDE WITH YOUR APPLICATION:
•Qualification transcripts and certificates
•English language qualification if English is not your first language
•Certified English translations of your transcripts/certificates where the originals are in a language other than English.
•A copy of your birth certificate (long document)

Guidelines on Completing your Application
•To ensure a speedy assessment of your application, please upload the above documents with your application form.
•Please title appropriately any documents you are uploading with the application form, for example "Supporting Statement", "Undergraduate Transcript", "Postgraduate Transcript", "English Language Certificate" etc.

English Language Requirements
Applicants whose first language is not English must provide evidence of either prior successful completion of a degree qualification taught through the medium of English or meet one of the criteria below (no longer than two years prior to application):

Acceptable English Language qualifications include the following:
•Matriculation examinations from European countries where English is presented as a subject and an acceptable level is achieved
•Irish Leaving Certificate English –Ordinary Level Grade D or above
•TOEFL – 580 (paper based) or 90 (internet based)
•IELTS – Minimum score of 6.5 with no less than 6 in any one component.
•English Test for English and Academic Purposes (ETAPP) – Grade C1
•GCE ‘O’ level English Language/GCSE English Language – Grade C or above
•University of Cambridge ESOL –Certificate of Proficiency in English - Grade C / Certificate in Advanced English Grade A
•GCE Examination Boards – Oxford Delegacy of Local Examinations – Grade C / Cambridge Local Examinations Syndicate – School Certificate Pass 1-6 / University of London Entrance and School Examinations Council – School Certificate Pass 1-6

Results in examinations other than those listed above may also be accepted as meeting our English language requirements. Contact the International Education Division for advice.

Duration

1 year full-time.

Careers or further progression

Careers
Typical career positions might be in quantitative analyst support roles to proprietary trading and risk-management functions; as investment analysts in any of the equity / fixed income / credit / energy commodity asset classes; as investment strategists or traders in hedge funds; as financial analysts in structured finance and/or private wealth management institutions; as risk-managers in middle-office regulation and compliance roles or as risk-analysts in financial regulatory institutions.

Graduates of this programme will be equipped with the requisite skills to operate effectively in the global financial services industry and can expect to find interesting and rewarding careers on graduation from the programme. Graduates of the programme will also be well positioned for consideration for entry onto PhD in Finance programmes. A PhD in (Computational) Finance is increasingly seen as a pre-requisite qualification for many of the specialist front-office trading and risk-management jobs now becoming available in the international financial services industry.

Further enquiries

Programme Director:
Dr. Bernard Murphy
Department of Accounting & Finance
Tel: +353-61-202 134
Fax: +353-61-213 188
Email: Bernard.murphy@ul.ie

Programme Co-ordinator:
Kathy Ryan
Taught Postgraduate Programmes
Tel: +353-61-234 389
Email: kathy.ryan@ul.ie

Subjects taught

Programme 1

Semester 1:

•FI6071 Dynamic Asset Pricing Theory
•FI6081 Implementing Market Models
•FI6111 Research Methods in Finance 1
•FI6131 Trading Floor Certification
•FI6141 Derivative Markets
•SG6002 Corporate Responsibility

Optional•C06001 Professional Development 1

Semester 2:

•FI6002 Fixed Income Models
•FI6012 Portfolio Risk Analysis
•FI6032 Credit Risk & Derivative Products
•FI6112 Research Methods in Finance 2

Elective Choose 1•EC6112 Econometrics
•FI6022 Financial Engineering
•FI6091 Wealth & Portfolio Management
•IN6012 Financial Regulation
•IN6022 Insuring Risk in Nature & Industry

Elective – Choose 1•EC6052 International Economic Issues
•MN6062 Project Management
•PM6072 Leadership, Influence & Change
Optional•CO6002 Professional Development 2
Option to Exit with a Graduate Diploma
in Computational Finance

Semester 3
•FI6103 Dissertation in Finance 1
•FI6113 Dissertation in Finance 2
•FI6123 International Business Workshop

Comment

Technically orientated programme designed to balance theoretically rigorous coursework with a practical emphasis on the acquisition of advanced quantitative skills and an intuitive understanding of the dynamics of risk in financial markets. Includes Trading Floor Certification and an international business trip.

Application date

Taught Programmes - Application Process
All applicants apply through the online application system by choosing a programme from one of the five faculties. If Non-EU applicants wish to contact the International Education Division first before completing an online application, they can do by filling out the International Education Division Enquiry Form. For more information visit the International Office website.

International Office:
Tel: +353 61 202414
Fax: +353 61 213062
email: international@ul.ie.

Visit the International Office website

What to include (upload) with your application
•Certified results for all examinations mentioned on your application form and/or confirmation of the award of your qualification(s).
•Evidence of English language proficiency.
•Certified translations of your award and transcripts if they are not in English
•A copy of your birth certificate or passport

Please note that certain programmes request additional documentation such as personal statements and/or references. Please check the programme entry requirements to ensure you have included the required information.

What happens after I apply?
Once you submit your application online, you will receive an email acknowledgement. It is important that you upload all your documents at the time of application as you will not be able to upload these at a later stage. If you do not have your documents at the time of application, you will need to mail them to the Postgraduate Admissions Office once they become available.
Your application will then be passed to the Course Director who will decide whether or not to offer you a place. Some programmes require interviews and you will be notified of the date, time and venue.

Decision Letter
You will receive one of the following letters from the Postgraduate Admissions Office:
•An unconditional offer. You satisfy all of the academic conditions required and we are offering you a place.
•A conditional offer. You do not yet satisfy the academic conditions required before entry but you propose to do so. The conditions are listed in the offer letter and may include English language tests as well as degree results.
•Letter of regret. We are unable to offer you a place.

Please note that a decision is authoritative and official only if it has been sent in writing from the Postgraduate Admissions Office.

Accepting a place at the University of Limerick
To accept your offer you must pay your acceptance deposit and send in the course acceptance form, stamped by the bank, to the Postgraduate Admissions Office. On receipt of this acceptance form/deposit, the Postgraduate Admissions Office will change the status of your application to Firmly Accepted. You will receive an orientation pack in August. The orientation pack will provide you with full details of orientation and enrolment.

Deferring your offer
You cannot defer a place on a taught postgraduate programme without the permission of the Course Director. If you are offered a deferral, you will receive a letter from the Postgraduate Admissions Office confirming that a deferral has been granted. You should then contact the Postgraduate Admissions Office before March of the following year to confirm that you will be accepting your place. If you are not offered a deferral, then you must re-apply for the programme the following academic year.

Contacts
Postgraduate Admissions Office
Graduate School
Foundation Building
University of Limerick
Tel: +353 61 234377
Fax: +353 61 233287
Email: postgradadmissions@ul.ie

Enrolment and start dates

Start Date: 04/Sep/2017.

Remember to mention gradireland when contacting institutions!