Financial Mathematics BSc (Hons)

The Financial Mathematics BSc (Hons) course equips students with a solid foundation in both mathematics and finance, blending theory and practical skills, with the option of a placement year for hands-on experience.

Overview

This course provides students with an introduction to underpinning financial concepts, including the financial system, interest rate theory, foreign exchange rate dynamics, and the operation of the money, fixed income, and equity markets. Students will learn about financial instruments, including collective investments and socially responsible investments, and will be introduced to the concepts of utility, stock market efficiency, portfolio theory, and the capital asset pricing model (CAPM).

Entry Requirements

• Standard Entry: 96 to 112 Tariff Points from a combination of acceptable Level 3 qualifications, which may include A-level, T Level, BTEC Diplomas/Extended Diplomas, Scottish and Irish Highers, Access to HE Diplomas, or the International Baccalaureate.
• Subject Requirements: Grade B in an A-level Mathematics, or a recognized equivalent.
• GCSE Requirements: Maths and English Language at minimum grade 4/C, or an equivalent.
• International Qualifications: The university welcomes applicants with a range of qualifications from outside the UK.
• English Language Requirements: International applicants should have a minimum overall IELTS (Academic) score of 6.0 with 5.5 in each component (or an approved equivalent).

Fees and Funding

• UK Fee in Year 1: To be confirmed by the government.
• International Fee in Year 1: £19,850.
• Fees subject to annual increases over the course of the period of study.
• Discover more about fees, scholarships, and other funding options available for UK and international applicants.

Modules Overview

The course is structured over four years, with the option of a placement year or study abroad year. The modules include:

• Year one:
  • Principles and Theories of Finance
  • Business and Financial Analysis
  • Calculus
  • Computational Mathematics
  • Probability and Statistics
  • Real Analysis
• Year two:
  • Financial Markets and Institutions
  • Derivatives and Risk
  • Econometrics
  • Further Computational Mathematics
  • Ordinary & Partial Differential Equations
  • Statistical Modelling and Data Visualisation
• Year three:
  • Work placement year (optional)
  • Study abroad year (optional)
  • Work placement semester (optional)
  • Study abroad semester (optional)
• Year four:
  • Risk in Financial Institutions I
  • Risk in Financial Institutions II
  • Investment Management
  • Data Science
  • Project in Financial Mathematics

Careers and Employability

Throughout the course, there is a focus on developing employability through transferable skills in problem-solving, critical thinking, and data analysis. Graduates from this course can pursue a wide range of careers in both the financial sector and beyond, including roles in quantitative analysis, risk management, data science, trading, financial consulting, fintech development, and more.

Staff

Academic staff teach this course, with a blend of research expertise and industry experience. From your Personal Tutor to Module Leaders and Dissertation Supervisors, you will have expert guidance throughout.

Facilities

The course benefits from modern facilities, including a mathematical modelling lab, a suite designed for advanced mathematical studies, and the Bloomberg Trading Room, giving you the opportunity to train with real-time and historical financial data.

Research

You will learn in a research-informed environment, where you can gradually build your understanding of the advanced mathematical and statistical methods used to model complex financial systems and manage risk. In your final-year project, you will be encouraged to demonstrate independent research skills by tackling a real-world financial problem using mathematical modelling and data-driven analysis.

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Overview:

Northumbria University is a research-intensive, business-focused, professional university with a global reputation for academic quality. It is known for its commitment to unlocking potential for all and empowering innovators, visionaries, and changemakers to transform lives and make a remarkable impact on the world.

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Situated in a vibrant and historic city with a thriving cultural scene.

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