The MSc project is a substantial component of the programme, occupying around 4 months. It is a piece of original work undertaken by the students under the supervision of an academic researcher and, in most cases, also with an external supervisor. Most projects are carried out in association with a bank, hedge fund, consultancy, or systems provider in the finance industry, and we endeavour to arrange suitable placements. Allocation of supervisors and project topics usually takes place during the Spring Term. It cannot be guaranteed that everybody will get their favourite wishes, but every effort will be made to achieve reasonably satisfactory arrangements. If students have their own contacts in the industry, or specific ideas for project topic, these should be discussed with tutors as early as possible, so that these can be taken into consideration.

Previous Projects

Selected project placements and topics from previous years


Past Project Placements

  • BainBridge Partners
  • Bank of America / Merrill Lynch
  • Barclays Capital
  • BNP Paribas
  • Beekin
  • Citigroup
  • Credit Suisse
  • Deutsche Bank
  • Ernst & Young
  • Goldman Sachs
  • HSBC
  • IHS Market
  • JP Morgan
  • Janus Henderson
  • Jetstone Asset Management
  • Lloyds TSB
  • Marney Capital Ltd.
  • Mazars
  • Morgan Stanley
  • Royal Bank of Scotland
  • Rogge Global Partners
  • Santander
  • Swiss Re
  • Toronto Dominion Securities
  • UBS
  • Velador Associates

Past Project Topics

  • A Mathematical Solution to Seeking Arbitrage Opportunity in M&A
  • Analysis and Stability of Loan Guarantee Networks
  • Application of Recurrent Neural Network on Financial Time Series
  • Comparative Study of Stochastic Interest Rate Models via Shibor and European Call Option
  • Deep Learning Based Predictive Model Based on Financial Variables
  • Fixed-Odds Betting, The Overround, and Market Efficiency
  • Flash Crashes and Flow Toxicity
  • Forecasting Volatility: Modelling Techniques and Evaluation
  • Foreign Exchange Option Pricing for Emerging Markets
  • Forward Variance Dynamics:  Bergomi Model and its Applications in Pricing Cliquet Options
  • Importance Sampling for the Evaluation of the Economic Capital
  • Investigating Full Calibration of the Rough Bergomi Model by Monte Carlo
  • Liquidity Risks Arising from Central Clearing
  • Malliavin Calculus Applied to Monte Carlo Methods in Mathematical Finance
  • On the Extraction of Option-Implied Correlation and the Optimal Implementation of Equity Dispersion Trades
  • Pairs Trading
  • Parametric form and Simulation Method for Credit Transition Matrices
  • Prediction of Market Crashes
  • Incorporating Signals into Optimal Trading
  • Sabr Models for Negative Rates
  • Statistical Analysis of Intraday Electricity Market
  • The Signature of Rough Paths: Uniqueness and Applications
  • Variance Reduction by Quantization and Application to Fractional Brownian Motion