Financial Mathematics (BSc)
Study Mathematics because it is fascinating, challenging and elegant and because it provides the skills in demand for a wide range of careers.
The BSc in Financial Mathematics aims to provide you with fundamental mathematical and statistical knowledge, whilst also developing important transferrable skills and an understanding of modern finance studies regarding financial markets, institutions, investments and policies.
This degree offers a solid grounding in general mathematical theory and techniques. It encourages an understanding of abstract mathematical concepts, logical argument and deductive reasoning.
Much of year one is common to our courses, so if you wish to change to another course within the School this may be possible.
NOTE: There is the option of taking a year studying at a university abroad or a year working in industry in the UK or Europe between your second and third years. This would extend the BSc degree to four years.
All graduates will gain a solid foundation of utilising theories and tools in mathematics, statistics and finance to focus on issues and topics relevant to the computational and market design side of contemporary finance.
The degree will focus on topics including:
- complex systems
- trading (in particular high frequency trading)
- fund management
|Next intake||September 2019|
|Studying in Welsh||Up to 35% of this course is available through the medium of Welsh. Please contact the Admissions tutor for more information|
|Accreditations||Institute of Mathematics and its Applications (IMA)|
|Typical A level offer||AAB - ABB including an A in Mathematics. Please note, General Studies will not be accepted. OR Grade A in EPQ and ABB-ABC at A Level including A in A Level Maths. Please note, General Studies will not be accepted.|
|Typical Welsh Baccalaureate offer||The Welsh Baccalaureate Advanced Skills Challenge Certificate will be accepted in lieu of one A-Level (at the grades listed above), excluding any specified subjects.|
|Typical International Baccalaureate offer||Achieve 34-32 overall in the IB Diploma with 6 in HL Maths or achieve the IB Diploma with 665-655 in 3 HL subjects including 6 in Maths|
|Alternative qualifications||Alternative qualifications may be accepted. For further information on entry requirements, see the School of Mathematics admissions criteria pages.|
|English Language requirements||If you are an overseas applicant and your first language is not English, please visit our English Language requirements page for more information on our accepted qualifications.|
|Other requirements||You will require GCSE English Language at grade C or grade 4. Alternatively, IGCSE English First Language or English Second Language will be considered at grade C.|
This is a three-year full-time degree. The course includes a carefully chosen balance of core modules and optional modules. Modules are worth 10 or 20 credits and you need to earn 120 credits a year. The modules you choose in year two will inform the choices available to you in year three.
The modules shown are an example of the typical curriculum and will be reviewed prior to the 2019/20 academic year. The final modules will be published by September 2019. You are advised to check the final module descriptions when they are available to ensure that the programme meets your needs.
All of our courses have a core of pure mathematics in Year 1 but you will also take modules in financial mathematics, statistics, computing and operational research. The finance modules will introduce you to techniques and tools of corporate financial management at firm level.
|Module title||Module code||Credits|
|Elementary Differential Equations||MA1001||10 credits|
|Foundations of Mathematics I||MA1005||20 credits|
|Foundations of Mathematics II||MA1006||20 credits|
|Linear Algebra I||MA1008||10 credits|
|Introduction to Probability Theory||MA1500||10 credits|
|Statistical Inference||MA1501||10 credits|
|Computing for Mathematics||MA1701||10 credits|
|Economics for Financial Mathematics||MA1800||10 credits|
|Finance I: Financial Markets and Corporate Financial Management||MA1801||10 credits|
|Fundamental skills for University and Beyond||MA1900||10 credits|
There is a choice of optional modules in year two and the modules you select will inform the choices available to you in year three. Alongside specialist financial mathematics modules you will continue to broaden your knowledge of areas like statistics and operational research.
|Module title||Module code||Credits|
|Operational Research||MA0261||20 credits|
|Calculus of Several Variables||MA2001||10 credits|
|Series and Transforms||MA2004||10 credits|
|Linear Algebra II||MA2008||20 credits|
|Foundations of Probability and Statistics||MA2500||20 credits|
|Finance II: Investment Management||MA2800||10 credits|
|Econometrics for Financial Mathematics||MA2801||10 credits|
The modules available in year three are closely aligned to the research interests of the School. There are no compulsory modules and your options are wide-ranging. As well as taught modules you may choose a 10-credit or 20-credit project, giving you the opportunity to develop communication and presentational skills and to learn how to apply your mathematical skills to an investigation of your choice.
How will I be taught?
Teaching is carried out through lectures, small-group tutorials and examples classes. Increased independent learning is encouraged throughout the course.
In all years the classes are used to discuss theoretical concepts and essential mathematical techniques. You are encouraged to undertake additional reading outside of timetabled classes and reflect upon assessments and feedback.
We have established a simulated trading room to give students the opportunity to implement what they have learned in the classroom and to gain a taste of the real financial world and investment decision making scenarios.
How will I be supported?
At the start of each year you will be given a guide to module aims, learning outcomes, methods of assessment, module syllabuses, and reading lists. You will be allocated a personal tutor, a member of the academic staff who will provide pastoral support and academic advice during your course.
All lecturing staff can be contacted by email and have either an ‘open door’ policy for students with specific queries about course material, or a system to book meeting times. The School Office can answer most administrative queries immediately.
You will have access through the Learning Central website to relevant multimedia material, presentations, lecture handouts, bibliographies, further links, electronic exercises and discussion circles. Opportunities for you to reflect on your abilities and performance are available through the Learning Central ‘Personal Development Planning’ module.
The University offers a range of services including the Careers Service, the Counselling Service, the Disability and Dyslexia Service, the Student Support Service, and excellent libraries and resource centres.
Further learning support is also available via the University wide Maths Support Service. This provides relaxed and informal daily drop-in sessions where students are encouraged to discuss any elements of their studies with a tutor on a one-to-one or small group basis.
Written feedback and outline solutions on in-course assessment give you an opportunity to reflect on your progress. Further feedback is provided in examples classes and tutorials (in year one) to review problems in more detail and discuss potential solutions. You should discuss any queries related to specific modules with individual lecturers.
How will I be assessed?
Many modules have written examinations at the end of the Autumn or Spring Semesters, with some also having an element of continuous assessment. This may include problem-solving exercises, written reports, computer programs and oral presentations. Feedback on progress is typically provided through a combination of discussion in class, written comments on submitted work and review of outline solutions to problems. You are encouraged to discuss any queries related to specific modules with individual lecturers.
The grade of your final degree will be based on 30% from your year two studies and 70% from year three.
What skills will I practise and develop?
You will acquire and develop a range of valuable skills, both discipline specific and more generic employability skills. You will:
- develop your knowledge of core mathematics including calculus, algebra, analysis and complex variable theory;
- enhance your understanding of the principles and some of the techniques of proof;
- develop the skills needed in mathematical reasoning and manipulation;
- learn how to apply the principles and techniques of mathematical/statistical modelling and formulate and solve mathematical problems;
- enhance your ability to perform mathematical calculations with attention to precision and logic;
- develop your self-management and organisational skills;
- develop your time management and presentational skills through independent and group working.
Specialist numerical skills and logical and analytical thought are qualities in demand across a range of stimulating and rewarding careers. For graduates in Financial Mathematics there are also many career opportunities in the banking and financial services industries.
The School of Mathematics also has a Careers Management Skills Programme, company presentations held in the School, presentations by students returning from industry and a range of sponsored prizes awarded for academic achievement.
In 2015/16, 89% of the School’s graduates who were available for work reported they were in employment and/or further study within six months of graduation.
UK and EU students (2019/20)
Visit our tuition fee pages for the latest information.
Financial support may be available to individuals who meet certain criteria. For more information visit our funding section. Please note that these sources of financial support are limited and therefore not everyone who meets the criteria are guaranteed to receive the support.
Students from outside the EU (2019/20)
Tuition fees for international students are fixed for the majority of three year undergraduate courses. This means the price you pay in year one will be the same in years two and three. Some courses are exempt, including four and five year programmes and Medical and Dental courses. Visit our tuition fee pages for the latest information.
Will I need any specific equipment to study this course/programme?
No specific equipment is needed.
We have a range of residences to suit your needs and budget. Find out more on our accommodation pages.
There is the option of taking a year studying at a university abroad between your second and third years. This would extend the BSc degree to four years. You can also change to a degree programme that includes a year of Professional Placement. This would also extend your BSc degree to four years. Both of these options may depend on your academic performance.