University of Mines and Technology UMaT Masters programmes
MASTER’S (MODULAR) PROGRAMMES IN FINANCIAL ENGINEERING
20.1 Title of Programmes
The title of the programme is MSc/MPhil in Mathematics.
20.2 Programme Objectives
The main objectives of the programme are:
• To provide graduate level technical education to students who want to work in the new and growing finance industry (investment banks and corporations, financial management and consulting companies, insurance companies and firms that invest in the financial markets).
• To turn out professional Mathematicians who will be able to solve scientific and technological problems using computational knowledge.
• To turn out professional Statisticians to meet current statistical demands in various industries that use substantial statistics.
• To train graduates who will be capable of supporting research at higher levels.
20.3 Entry Requirements
a) Financial Engineering
The entry requirements for the Master’s degree in Financial Engineering are:
i. Applicants must have BSc. First Class or Second Class (Upper Division) in Mathematics, Statistics, Economics and Engineering from a recognized University.
ii. All applicants who do not satisfy (i) above but have degree in Mathematics, Statistics, Economics, Engineering and Science may be eligible only after passing an interview.
iii. Foreign applicants with proficiency in English language who satisfy the requirements of (i) or (ii) above are eligible for admission after careful consideration of transcripts and relevant references.
iv. A student may be admitted to participate in any module on non-scoring basis. In this case, he/she may participate in class discussions, do practical work, take examinations and generally enjoy the privileges of a class member. No credit is given either on completion of a module or at a later time. Such a student shall be given the award of either a Certificate of Proficiency if he/she passes the examination of Certificate or Participation if he/she does not take the examination or fails the examination.
b) Statistics
The entry requirements for the Master’s degree in Statistics are:
i. Applicants must have BSc. First Class or Second Class (Upper Division) in Mathematics, Computer Science and Engineering from a recognized University.
ii. All applicants who do not satisfy (i) above but have degree in Mathematics, Computer Science, Engineering, Statistics and Science may be eligible only after passing an interview.
iii. Foreign applicants with proficiency in English language who satisfy the requirements of (i) or (ii) above are eligible for admission after careful consideration of transcripts and relevant references.
iv. A student may be admitted to participate in any module on non-scoring basis. In this case, he/she may participate in class discussions, do practical work, take examinations and generally enjoy the privileges of a class member. No credit is given either on completion of a module or at a later time. Such a student shall be given the award of either a Certificate of Proficiency if he/she passes the examination or Certificate of Participation if he/she does not take the examination or fails the examination.
c) Computational Mathematics
The entry requirements for the Master’s degree in Computational Mathematics are:
i. Applicants must have BSc. First Class or Second Class (Upper Division) in Mathematics, Computer Science and Engineering from a recognized University.
ii. All applicants who do not satisfy (i) above but have degree in Mathematics, Computer Science, Engineering, Statistics and Science may be eligible only after passing an interview.
iii. Foreign applicants with proficiency in English language who satisfy the requirements of (i) or (ii) above are eligible for admission after careful consideration of transcripts and relevant references.
iv. A student may be admitted to participate in any module on non-scoring basis. In this case, he/she may participate in class discussions, do practical work, take examinations and generally enjoy the privileges of a class member. No credit is given either on completion of a module or at a later time. Such a student shall be given the award of either a Certificate of Proficiency if he/she passes the examination or Certificate of Participation if he/she does not take the examination or fails the examination.
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