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Offered by the Department of Mathematics

The MSc/PG Diploma in Financial Mathematics aims to provide a professional development package for professionals in the discipline of Finance, Insurance, Banks, Financial Analysis, Financial Consultancy and Financial Simulation sectors. The award of the degree will provide its recipients with a valuable professional qualification.
Considering new trends in the field of quantitative finance, starting from year 2020 batch, the program provides two pathways, namely,

  • Financial Engineering
  • Financial Analysis

Financial Analysis is focused more towards qualitative aspects, and Financial Engineering is focused on deeper quantitative aspects. Both pathways require core concepts and tools of financial mathematics in the areas of finance, applied mathematics, statistics and computer science. They form the common set of courses delivered in semester I. The split into the two pathways is introduced in semester II based on student demand. In semester III, a related industry project is introduced to strengthen the acquired knowledge in the industry setting.


A Bachelor of Science with Pure Mathematics or Applied Mathematics or Statistics or Finance as a subject,

Bachelor of Science in Engineering from a recognized university,

any other equivalent professional qualification acceptable to the senate of the University of Colombo.

The duration of the program is 2 years. The courses are offered in Blended Mode. 100% of lessons and discussions are conducted online during weekends (Saturday- full day).

Course Fees

For Sri Lankan Students - LKR 325,000/-

For International Students - US $ 3,000

For Sri Lankan coming from a foreign territory – 50% discount from USD 3000/- per year

Application Fee: LKR 3,000/-

*The course fee cannot be paid as installments.

If you are interested in joining the MSc in Financial Mathematics 2024 intake, please fill out this form here

Dates to remember

Call for applications: April 2024

Commencement of the program: July 2024

Further Information

Further information regarding the MSc Program can be obtained by contacting the program coordinator or Head/Mathematics

Contact details of the program coordinator and Head/Mathematics are as follows.

Name Coordinator Email Mobile No
Dr. Sanjeewa Perera Head/Mathematics 0715352616
Dr. Nilusha Karunathunga Coordinator 0716543792