Statistics with Finance (International Master's) MSc

Location: Canterbury


This programme, accredited by the Royal Statistical Society (RSS), equips aspiring professional statisticians with the skills they will need for posts in industry, government, research and teaching. It is suitable preparation too for careers in other fields requiring a strong statistical background.

Students whose mathematical and statistical background is insufficient for direct entry on to the appropriate programme, may apply for this course. The first year of the programme gives you a strong background in statistics, including its mathematical aspects, equivalent to the Graduate Diploma in Statistics. This is followed by the MSc in Statistics with Finance.

Knowledge and understanding

You will gain knowledge and understanding of:

  • probability and statistics and the range of principles involved
  • the links between different statistical concepts and methods
  • advanced information technology skills relevant to statisticians
  • a comprehensive range of methods and techniques appropriate to statistics at postgraduate level
  • the role of logical mathematical argument and deductive reasoning
  • an appreciation of particular subject areas to which statistics is applied, particularly finance, and the important role of statistics in those areas
  • an appreciation of the use of statistics in finance and the probabilistic concepts involved.

Intellectual Skills

You develop intellectual skills in:

  • the ability to demonstrate a comprehensive understanding of the main body of statistical knowledge
  • the ability to demonstrate skill in calculation and manipulation of data
  • the ability to apply a range of statistical concepts and principles in various challenging contexts
  • the ability for logical argument
  • the ability to demonstrate skill in solving complex statistical problems using appropriate and advanced methods
  • the ability in relevant computer skills and usage
  • the ability to work with relatively little guidance
  • the ability to evaluate research work critically.

Subject-specific skills

You gain subject-specific skills in:

  • the ability to demonstrate knowledge of advanced statistical concepts and topics, both explicitly and by applying them to the solution of problems
  • the ability to demonstrate knowledge of statistical modelling techniques commonly applied to finance
  • the ability to abstract the essentials of problems to facilitate statistical analysis and interpretation
  • the ability to present statistical analyses and draw conclusions with clarity and accuracy.

Transferable skills

You will gain the following transferable skills:

  • problem-solving skills: the ability to work independently to solve problems involving qualitative or quantitative information
  • communication skills, including the capacity to report to others on analyses undertaken
  • computational skills
  • information-retrieval skills involving a range of resources
  • information technology skills including scientific word-processing
  • time-management and organisational skills, as evidenced by the ability to plan and implement efficient and effective modes of working
  • skills needed for continuing professional development.

This programme aims to:

  • give you the depth of technical appreciation and skills appropriate to Masters’ level
  • students in statistics
  • equip you with a comprehensive and systematic understanding of theoretical and
  • practical statistics, and their uses in finance
  • develop your capacity for rigorous reasoning and precise expression
  • develop your capability to formulate and solve problems relevant to statistics
  • develop your appreciation of recent developments in statistics and the links
  • between the theory of statistics and financial modelling (and other areas of application)
  • develop your logical, mathematical approach to solving problems
  • develop your enhanced capacity for independent thought and work
  • ensure you are competent in the use of information technology, and are familiar
  • with computers and relevant software
  • provide you with opportunities to study advanced topics in statistics, engage in research at some level, and develop communication and personal skills
  • provide you with the depth of knowledge of the subject sufficient to enter a career as a professional statistician or appropriate career in quantitative finance
  • provide a deep understanding of the use of statistics in finance and financial  econometrics.
MSc Award
Full-time Study Mode
12 months Duration

Entry Requirements For This Course

A good first degree (or the equivalent) in an appropriate quantitative subject.

Please also see our general entry requirements at: http://www.kent.ac.uk/courses/postgrad/apply/entry.html

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