Financial Mathematics BSc Hons - 2018 Entry

UCAS Code
GN13

Entry Year
2018 also available in 2017

A Level Requirements
AAA see all requirements see all requirements

Duration
Full time 3 Year(s)

Course Overview

Drawing on expertise from the Departments of Mathematics and Statistics, Accounting and Finance, and Economics, this degree presents the core elements of finance and maths that underpin the operation of financial markets. Core finance modules provide a thorough grounding in corporate finance, computing, quantitative methods and economics and will be complemented by your mathematics studies.

You will start your degree with modules including Introduction to Accounting and Finance, Discrete Mathematics and Probability. In second year, you will learn subjects such as Advanced Principles of Finance, Introduction to Economics for Managers and Real Analysis. In your third and, for MSci students, fourth years, modules include Corporate Finance, Stochastic Processes, Derivatives Pricing and Assessing Financial Risk.

Students enrolled on the Financial Mathematics (Industry) degree spend their third year in a paid placement with industry before returning to University to complete their degree.

Additionally, MSci students write a substantial dissertation in their fourth year under the supervision of a member of staff from one of the departments. On completion of the MSci degree, they will have Masters level proficiency in mathematical analysis, probability, statistical inference, financial stochastic processes and optimisation.

  • Course Overview

    Course Overview

    Drawing on expertise from the Departments of Mathematics and Statistics, Accounting and Finance, and Economics, this degree presents the core elements of finance and maths that underpin the operation of financial markets. Core finance modules provide a thorough grounding in corporate finance, computing, quantitative methods and economics and will be complemented by your mathematics studies.

    You will start your degree with modules including Introduction to Accounting and Finance, Discrete Mathematics and Probability. In second year, you will learn subjects such as Advanced Principles of Finance, Introduction to Economics for Managers and Real Analysis. In your third and, for MSci students, fourth years, modules include Corporate Finance, Stochastic Processes, Derivatives Pricing and Assessing Financial Risk.

    Students enrolled on the Financial Mathematics (Industry) degree spend their third year in a paid placement with industry before returning to University to complete their degree.

    Additionally, MSci students write a substantial dissertation in their fourth year under the supervision of a member of staff from one of the departments. On completion of the MSci degree, they will have Masters level proficiency in mathematical analysis, probability, statistical inference, financial stochastic processes and optimisation.

  • Entry Requirements

    Entry Requirements

    Grade Requirements

    A Level AAA including A level Mathematics or Further Mathematics OR AAB including A level Mathematics and Further Mathematics

    IELTS 6.5 overall with at least 5.5 in each component. For other English language qualifications we accept, please see our English language requirements webpages.

    Other Qualifications

    International Baccalaureate 36 points overall with 16 points from the best 3 Higher Level subjects including 6 in Mathematics HL

    BTEC May be accepted alongside A level Mathematics grade A and Further Mathematics grade A

    Access to HE Diploma May occasionally be accepted

    STEP Paper or the Test of Mathematics for University Admission Please note it is not a compulsory entry requirement to take these tests, but for applicants who are taking any of the papers alongside Mathematics and/or Further Mathematics we may be able to make a more favourable offer. Full details can be found on the Mathematics and Statistics webpage.

    We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. Further guidance on admission to the University, including other qualifications that we accept, frequently asked questions and information on applying, can be found on our general admissions webpages.

    Contact Admissions Team + 44 (0) 1524 592028 or via ugadmissions@lancaster.ac.uk

  • Course Structure

    Course Structure

    Many of Lancaster's degree programmes are flexible, offering students the opportunity to cover a wide selection of subject areas to complement their main specialism. You will be able to study a range of modules, some examples of which are listed below.

    Year 1

      Core

    Year 2

      Core

      Optional

    Year 3

      Core

      Optional

    Lancaster University offers a range of programmes, some of which follow a structured study programme, and others which offer the chance for you to devise a more flexible programme. We divide academic study into two sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). For most programmes Part 1 requires you to study 120 credits spread over at least three modules which, depending upon your programme, will be drawn from one, two or three different academic subjects. A higher degree of specialisation then develops in subsequent years. For more information about our teaching methods at Lancaster visit our Teaching and Learning section.

    Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.

  • Careers

    Careers

    Offering unique training in mathematics and finance, your degree opens up excellent employment opportunities in the finance sector. It also prepares you for a wide variety of careers in business.

    Many of our graduates enter training contracts with professional accounting firms, while others take up posts in industry or financial institutions. Our alumni have followed a wide variety of career paths, including banking, general and financial management and consulting.

    Another popular option is to continue studying for a postgraduate qualification, and you will find that Lancaster offers excellent graduate opportunities and PhD programmes.


    Lancaster University is dedicated to ensuring you not only gain a highly reputable degree, you also graduate with the relevant life and work based skills. We are unique in that every student is eligible to participate in The Lancaster Award which offers you the opportunity to complete key activities such as work experience, employability/career development, campus community and social development. Visit our Employability section for full details.
  • Fees and Funding

    Fees and Funding

    Fees

    We set our fees on an annual basis and the 2018/19 entry fees have not yet been set.

    As a guide, our fees in 2017 were:

    UK/EU Overseas
    £9,250 £17,410

    Funding

    Lancaster University's priority is to support every student to make the most of their life and education and we have committed £3.7m in scholarships and bursaries. Our financial support depends on your circumstances and how well you do in your A levels (or equivalent academic qualifications) before starting study with us.

    Scholarships recognising academic talent:

    • An Academic Scholarship of £2,000 for the first year of study for full-time UK, Channel Islands and Isle of Man students who achieve A*,A*,A in their A level examinations (or equivalent academic qualifications) and who place Lancaster as their firm choice. This is awarded regardless of household income.
    • An Access Scholarship of £1,000 for each year of study for all UK students with household incomes of less than £42,600 who achieve A level grades of A*,A, A in their A level examinations (or the equivalent academic qualifications). In addition, students from household incomes of less than £42,600 who achieve higher entry grades of A*, A*, A (or equivalent academic qualifications), who place Lancaster as their firm choice will also be awarded our £2,000 Academic Scholarship in their first year of study.

             Continuation of the Access Scholarship is subject to satisfactory academic progression.

    Students may be eligible for both the Academic and Access Scholarship if they meet the requirements for both.

    •  An Excellence Scholarship which forms part of the Unconditional Offer Scheme for full time UK, Channel Islands and Isle of Man applicants with outstanding academic profiles within a number of academic departments.

    Bursaries for life, living and learning:

    • A Lancaster bursary of £1,000 for each year of study for all students from the UK with a household income of less than £42,600.

            Students from the UK eligible for a bursary package will also be awarded our Academic Scholarship                   and/or Access Scholarship if they meet the criteria detailed above.

    Any financial support that you receive from Lancaster University will be in addition to government support that might be available to you (eg fee loans) and will not affect your entitlement to these.

    For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page

    Please note that this information relates to the funding arrangements for 2017, which may change for 2018. 

    Students also need to consider further costs which may include books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation it may be necessary to take out subscriptions to professional bodies and to buy business attire for job interviews. 

Completion of this programme can lead to recommendation for exemption from some examinations with the Institute and Faculty of Actuaries.
Completion of this programme can lead to recommendation for exemption from some examinations with the Institute and Faculty of Actuaries.

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