MSc in Machine Learning for Finance
Friday, 3 April 2020

The University of Limerick is pleased to announce the launch of the MSc in Machine Learning for Finance. The first, fully online programme of its kind in Ireland, is launched in response and conjunction with corporate demand for upskilling and reskilling in financial services. In particular, there is significant industry demand for applied technical and quantitative skills blended with strong financial knowledge.

“There is increasing convergence between sectors such as ICT, business, and engineering, which were once considered to be very unique in their own right” Ireland’s National Skills Strategy 2025

The MSc in Machine Learning for Finance will be fully online and allow existing professionals to develop and expand their skills while continuing to work fulltime. For companies, this is a cost-effective way to diversify key staff skills and to leverage existing in-house expertise to exploit the potential of big data and AI to increase competitive advantages.

IBM predicts that the greatest demand globally for Data Science and Analytics (DSA) jobs is in Finance and Insurance, Professional Services, and IT; together, these three industries alone account for 59% of all DSA job demand. Ireland is home to many financial companies and most of the largest social media companies. This influx is likely to continue but key skills shortages may slow the economic benefits.

The CFA Institute has published results from a survey of 3,800 respondents and found that forty-three per cent of members and candidates expect their roles to change significantly in the next five to 10 years with the interaction of artificial intelligence (AI) and human intelligence (HI) becoming the norm. The roles most likely to disappear are sales agents, traders and performance analysts. Similarly, findings from a  study conducted by The Bank of England (BoE) and the Financial Conduct Authority (FCA)  shows that machine learning is increasingly being used across the financial services including banks, credit brokers, e-money institutions, financial market infrastructure firms, investment managers, insurers, non-bank lenders and principal trading firms.

The online MSc in Machine Learning for Finance will leverage the existing and highly successful programme, the MSc in Artificial Intelligence and, in a unique interdisciplinary approach, meet the growing demand for technical, quantitative and ML qualifications in finance. Programme places are limited, and early registration is recommended.

For more information click here