B.Sc. Financial Mathematics

  • On Campus
  • 36 months
  • GBP10350 Year (Non-EEA)
  • English (IELTS accepted)
University of Greenwich | London, United Kingdom
This programme starts with a firm foundation to the mathematics and statistics that is in daily use in the financial industry. It then leads to advanced studies in financial mathematics, including asset price modelling, the risk-neutral pricing of financial derivatives, time series analysis, actuarial maths, and financial econometrics. This prepares graduates with relevant mathematical and statistical backgrounds to enter careers in the financial services industry, actuarial and insurance sectors or further study in financial mathematics.

Description of Financial Mathematics

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The analysis of modern financial market data relies heavily on mathematical and statistical techniques. Mathematical techniques and tools devised using financial mathematics have contributed greatly to the development of the financial services industry and continue to play a key role in this sector.

This programme starts with a firm foundation to the mathematics and statistics that is in daily use in the financial industry. It then leads to advanced studies in financial mathematics, including asset price modelling, the risk-neutral pricing of financial derivatives, time series analysis, actuarial maths, and financial econometrics. This prepares graduates with relevant mathematical and statistical backgrounds to enter careers in the financial services industry, actuarial and insurance sectors or further study in financial mathematics.

The final year includes an advanced project on a topic in financial mathematics. In response to increased student interest, we also offer courses such as Mathematics and Society and Mathematics Education and Communication. The latter offers teaching experience through the Undergraduate Ambassadors Scheme (UAS).

The aims of the programme are:

  • To provide students with a good understanding of financial mathematics and the methods and techniques used in the area
  • To provide experience of mathematical modelling in various contexts, focusing on financial modelling and actuarial analysis
  • To enable students to develop an understanding of modern financial modelling and examines the basic techniques used in the analysis of financial data.

Detailed Course Facts

Tuition fee
  • GBP 10350 Year (Non-EEA)
  • GBP 9000 Year (EEA)

EU/Home: £9,000 International: £10,350

Scholarships available - please see our website www.gre.ac.uk/scholarships

Start date September  2015
Duration full-time 36 months
Languages
  • English
Take an IELTS test
Delivery mode On Campus
Educational variant Part-time, Full-time

Course Content

Year 1

  • Advanced Calculus and Mathematical Methods (30 credits)
  • Mathematical Technology and Thinking (30 credits)
  • Discrete Mathematics and Combinatorics (30 credits)
  • Probability and Statistical Analysis (30 credits)

Year 2

  • Linear Algebra and Applications (30 credits)
  • Numerical Mathematics and Computer Algorithms (30 credits)
  • Operational Research for Industry (30 credits)
  • Statistical Methods and Time Series Analysis (30 credits)

Optional Sandwich Year (Work Placement)

Final Year

  • Research Methods and Mathematics Project OR UAS: Mathematics Education and Communication (teaching experience through the Undergraduate Ambassador Scheme) OR Mathematics Work Placement (30 credits)
  • Modelling and Analysis of Financial Instruments (15 credits)
  • Actuarial Mathematics and Risk Modelling (15 credits)
  • Financial Time Series (15 credits)
  • Three 15-credit options from: Advanced Statistical Models; Coding and Cryptography; Dynamical Systems and Chaos; Graph Theory and Combinatorics; Industrial Applied Mathematics; Mathematics and Society; Mathematics of Decision Making; Mathematics for the Life Sciences; Methods for Non-linear Mathematics; Models and Algorithms for Scheduling; Numerical Solution of Partial Differential Equations; Optimisation Techniques; Real Analysis; Statistical Models (45 credits)

English Language Requirements

IELTS take IELTS test
6

IMPORTANT NOTE: Per 6 April 2015 only the English language tests from IELTS and Trinity College London are accepted for Tier 4 Visa applications to the United Kingdom. Other tests (including TOEFL, TOEIC, Pearson, City & Guilds) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. Since the Trinity College London language tests must be taken in one of their exam centres in the UK, IELTS is now the only language test accepted for Tier 4 visas to the UK that can be taken worldwide.

The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Requirements for Financial Mathematics

Applicants should have:

A minimum of 300 UCAS points

FROM subjects studied at A-level or equivalent qualifications, including at least 80 points from mathematics studied to A-level or equivalent.

PLUS GCSEs in English and mathematics at grade C or above, or equivalent qualifications such as key skills level 2.

• Applications from students taking Access to Higher Education courses are welcome

Work Experience for Financial Mathematics

No work experience is required.

More Information

Accreditation

This programme will meet the educational requirements of the Chartered Mathematician designation, awarded by the Institute of Mathematics and its Applications, when it is followed by subsequent training and experience in employment to obtain equivalent competences to those specified by the Quality Assurance Agency (QAA) for taught masters degrees.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS we offer you the chance to receive up to £10,000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

University of Greenwich, United Kingdom

United Kingdom The University of Greenwich is Number 1 in London for Teaching Excellence (The Sunday Times University Guide 2011). It’s a great achievement and together with being ranked Number 1 for Student Satisfaction (Sunday Times 2010), you know the University of Greenwich has got everything you need for a first rate education. If that wasn’t enough, our principle campus is based in a UNESCO World Heritage Site and is breath taking! If you are looking for a great experience with excellence teaching in a fabulous location - the University of Greenwich has it all!