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Manchester Quantitative Finance vs UCL MSc in MSc Financial Computing

Hi, I've received offers from both Manchester Business School and UCL.


For Manchester it's an MSc in Quantitative Finance: Financial Engineering(FE) and for UCL its an MSc in MSc Financial Computing (FC).


My undergraduate is BA Finance, Accounting and Management.


I have set several criteria for my decision,
1. Branding. (My undergraduate university is not such famous, I hope to have a better branding)
2. Course. (I hope to learning something so that I can make competitive advantages for my later life)
3. Career. (I wish to get a job in UK, at least to get some experience.)
4. Friends. (I treasures my friends resources
and hope to establish a good network)
5. Cost. (Like an investment, I will take my tuiation into account)


See basic information as below

  ManchesterUCL
 Linkshttp://www.manchester.ac.uk/postgraduate/taughtdegrees/courses/fulltime/course/?code=08206&pg=1http://www.cs.ucl.ac.uk/admissions/msc_financial_computing/
University RankingTimes (abroad)4917
QS324
The Guardian (Home)257
School Ranking226
CourseCourse NameMSc Quantitative Finance: Financial
Engineering
MSc Financial Computing
ModulesCore modules
Foundations of Finance Theory;
Stochastic Calculus; Derivative
Securities; Financial Econometrics;
Scientific Computing; Inertest Rate
Derivatives; Computational Finance
Optional modules
Mathematical Modeling of Finance;
Real Options in Corporate Finance;
Credit Risk Management
Summer research period
Research dissertation
Autumn Term:
GC01 Introductory Programming
GC02 Design
GC03 Architecture and Hardware
GC04 Systems Infrastructure
Spring Term:
GF01 Financial Business Analysis and Project Management
GF07 / GS07 Financial Information Systems (FCV)
2 Options
GC05 Algorithmics
GC06 Database Systems
GC22 Software Engineering
GC25 Interaction Design
GC26 Artificial Intelligence and Neural Networks
GF03 Compliance, Risk and Regulation
Summer Project and Dissertation
GF99 Individual Project
The individual project completes the programme. This will be a placement with your "host" financial institution.
Length9 month9month
School/DeptManchester Business School
the School of Mathematics
Dept of Computer Science
FeeTuitionboth UK and overseas are 21000UK/EU £10,250
Overseas £23,750
Living Fee800/month1000/month
StudentsStudent No.2330
Countries10?
BackgroundBSc Finance/BSc Economics studentsGraduates of Non Computing Subjects (Mathematics, Physical Science, Life Sciences, Natural Sciences and Engineering) applications can be considered for Finance, Economics and Business Management if the Mathematical content is emphasised.
RequirementFirst/upper secondA First or Upper second-class
CareerCareer TrendWider..IB IT
Career opportunityMSc dissertation topics are aligned with the research interests of high-profile organisations from the City of London and internationallymay undertake their project at a financial services organisation in the UK or abroad.
CompaniesBangkok Bank, Bank of China, Barclays Capital, Bloomberg, CIBC World Markets, Citigroup,
Hewitt Associates, HSBC, KPMG, MFC Fund, Schlumberger, Schneider
The core group of partner banks comprises:
Bank of America Merrill Lynch
Credit Suisse
Goldman Sachs
Morgan Stanley
http://www.cs.ucl.ac.uk/?id=4434


The main issue is the course. FE is more like financial modelling whereas FC is more for programming. If I choose FE, its has an advantage to deepen my knowledge on finance. The course is also attractive as it combines the resources from both MBS and School of Math. The number of students is only 23, leading to good quality.


On the other, if FC is chosen, I will nearly change my area to computer, which i am not quite familiar. I like computer science. But I am not sure I would enjoy a career in IT Dept of invest banks (anyone knows what's the job is like?). Also, I have to compete with those who studied CS during their undergraduate. A one-year programme may not sufficient. It's exciting for me to discover a new area. But I may lose the chance to professionalized my finance area.



Which one is better to take? Could you also suggest some career path is I take that one?


Any help will be greatly appreciated!
Reply 1
Hi! I got an offer from Alliance MBS, and it is also an MSc in quantitative finance. So I am curious about which program you have chosen, and what do you think of the program if you have done that? Thank you!
Reply 2
I would advise you to go for a FE program as it can help you to join positions such as Quant Researcher. If you go for FC, you are more likely to be stuck in a IT position.
Reply 3
I decided to go to Manchester in MSc quantitative finance in this September. can you give me some study material any course like ppt for me to review! Any help will be greatly appreciated!
(edited 3 years ago)
Original post by Ivy0000
I decided to go to Manchester in MSc quantitative finance in this September. can you give me some study material any course like ppt for me to review! Any help will be greatly appreciated!

May I ask what university you studied your undergraduate degree at? Finance, accounting and management at undergrad doesn't sound too quant heavy where QF and FE at masters does, just wondered how you got a place (not in a mean way, just curious).
Original post by Ivy0000
I decided to go to Manchester in MSc quantitative finance in this September. can you give me some study material any course like ppt for me to review! Any help will be greatly appreciated!

Did you enjoy the MSc Quantitative finance at AMBS?

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