Financial Mathematics with a Professional Placement Year (BSc)

Entry year

2018/19 2019/20

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.

This particular version of the degree allows you to spend your third year in paid work as a mathematician and/or statistician at an organisation in the United Kingdom or Europe. You will have support to apply for a placement and they can be undertaken with a wide range of providers across industry and government including many in the professional and financial services, the pharmaceutical industry and organisations such as the Office for National Statistics. If you complete the professional training period you can be considered for the City and Guilds Senior Licentiateship Award (LCGI).

Distinctive features

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
  • analytics

Key facts

UCAS Code15R6
Next intakeSeptember 2019
Duration4 years
ModeFull time with sandwich year
Studying in WelshUp to 35% of this course is available through the medium of Welsh. Please contact the Admissions tutor for more information
AccreditationsInstitute of Mathematics and its Applications (IMA)
Contact

Entry requirements

Typical A level offerAAB - 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 offerThe 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 offerAchieve 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 qualificationsAlternative qualifications may be accepted. For further information on entry requirements, see the School of Mathematics admissions criteria pages.
English Language requirementsIf 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 requirementsYou 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 four-year full-time degree with year three spent working in industry. 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.

Year one

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. 

Year two

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 titleModule codeCredits
Operational ResearchMA026120 credits
Calculus of Several VariablesMA200110 credits
Series and TransformsMA200410 credits
Linear Algebra IIMA200820 credits
Foundations of Probability and StatisticsMA250020 credits
Finance II: Investment ManagementMA280010 credits
Econometrics for Financial MathematicsMA280110 credits
Module titleModule codeCredits
Modelling with Differential EquationsMA023210 credits
Complex AnalysisMA200310 credits
Real AnalysisMA200610 credits
Programming and StatisticsMA250110 credits
Problem SolvingMA290010 credits

Year three: Sandwich year

Year three is spent in salaried employment, working as a mathematician and/or statistician at an organisation in the United Kingdom or Europe.

You will have support to apply for a placement and they can be undertaken with a wide range of providers across industry and government including many in the professional and financial services, the pharmaceutical industry and organisations such as the Office for National Statistics. If you complete the professional training period you can be considered for the City and Guilds Senior Licentiateship Award (LCGI).

Module titleModule codeCredits
Industrial TrainingMA9999120 credits

Year four

The modules available in year four 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.

The University is committed to providing a wide range of module options where possible, but please be aware that whilst every effort is made to offer choice this may be limited in certain circumstances. This is due to the fact that some modules have limited numbers of places available, which are allocated on a first-come, first-served basis, while others have minimum student numbers required before they will run, to ensure that an appropriate quality of education can be delivered; some modules require students to have already taken particular subjects, and others are core or required on the programme you are taking. Modules may also be limited due to timetable clashes, and although the University works to minimise disruption to choice, we advise you to seek advice from the relevant School on the module choices available.

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 the simulated trading room for students to have opportunities 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.

During your placement in year three you will work under the day-to-day direction of a supervisor who is a member of the organisation providing the placement. If you are in the UK, university staff will visit you (typically two-three times during the year), to check how the placement is progressing.

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.

Feedback:

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 20% from your year two studies, 10% from the year three placement and 70% from year four.

You are expected to write reflectively about your industrial placement and about the skills you have developed, and to present a poster on your professional training experience. Industrial supervisors will also be asked to assess your performance during the placement.

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. Employers of graduates from the School of Mathematics include the financial services sector and organisations such as the Office of National Statistics and the Meteorological Office.

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.

Tuition fees

UK and EU students (2019/20)

Tuition feeDepositNotes
£9,000None

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 feeDepositNotes
£20,950None

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.

Costs for sandwich years

During a sandwich year (e.g. year in industry, placement year or year abroad) a lower fee will apply. Full details can be found on our fees pages.

Will I need any specific equipment to study this course/programme?

No specific equipment is needed.

Accomodation

We have a range of residences to suit your needs and budget. Find out more on our accommodation pages.

The option of spending year three in industry extends the BSc degree to four years. If you decide not to do a placement abroad, you will have two options.  You can change to a three year BSc Mathematics programme, or a degree programme that includes a Year Abroad.  A year of studying abroad will keep the duration of your BSc degree at four years.  This option will be dependent on your academic performance and when you decide to change programmes.

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