What Will You Study
Lancaster’s degree in Financial Mathematics draws on world-leading research and expertise from the Department of Mathematics and Statistics – ranked tenth in the UK by The Guardian University Guide, 2014 - and the Accounting and Finance Department, which is part of the triple-accredited Lancaster University Management School (LUMS).
This combined degree gives you the opportunity to understand the core elements of Finance as well as the Mathematics that underpin the operation of financial markets. Your core Finance courses will give you a thorough grounding in corporate finance, computing, quantitative methods and economics and will be complemented by your Mathematics studies.
You’ll start your degree with modules including an Introduction to Accounting and Finance; Discrete Mathematics and Numbers and Relations. Your second-year subjects cover Advanced Principles of Finance; Introduction to Economics for Managers, and Real Analysis. In your final year, you’ll be able to follow modules such as Corporate Finance; International Financial Management, and Financial Statement Analysis.
- Accounting and Economics : BSc Hons
- Accounting and Finance : BSc Hons
- Accounting and Finance (Industry) : BSc Hons
- Accounting and Management Studies : BSc Hons
- Accounting, Auditing and Finance : BSc Hons
- Accounting, Finance and Computer Science : BSc Hons
- Accounting, Finance and Mathematics : BSc Hons
- Business Economics (Industry) : BSc Hons
- Computer Science and Mathematics : BSc Hons
- Computer Science and Mathematics : MSci Hons
- Economics and Mathematics : BSc Hons
- Finance : BSc Hons
- Finance and Economics : BSc Hons
- Finance and Management Studies : BSc Hons
- Financial Mathematics : MSci Hons
- French Studies and Mathematics : BA Hons
- German Studies and Mathematics : BA Hons
- Management Mathematics : BSc Hons
- Mathematics : BSc Hons
- Mathematics : MSci Hons
- Mathematics (Study Abroad) : MSci Hons
- Mathematics and Philosophy : BA Hons
- Mathematics with Statistics : BSc Hons
- Mathematics with Statistics : MSci Hons
- Mathematics with Statistics (Study Abroad) : MSci Hons
- Spanish Studies and Mathematics : BA Hons
- Statistics : BSc Hons
- Statistics : MSci Hons
- Statistics (Study Abroad) : MSci Hons
- Theoretical Physics with Mathematics : BSc Hons
- Theoretical Physics with Mathematics : MSci Hons
- Theoretical Physics with Mathematics (Study Abroad) : MSci Hons
Lancaster degree programmes are flexible, offering students the opportunity to cover a wide selection of subject areas to complement their degree. The following is an example list of modules which our previous students have studied.
- Introduction to Accounting and Finance
- Matrix Methods
- Numbers and Relations
- Discrete Mathematics
- Geometry and Calculus
- Series and Functions
- Differential Equations
- Advanced Principles of Finance
- Introduction to Economics for Managers
- Further Topics in Economics for Managers
- Real Analysis
- Principles of Finance
- Probability and Measure
- Stochastic Processes
- Statistical Models
- Likelihood Inference
- Bayesian Inference
- Topics in Modern Statistics
- Medical Statistics: study design and data analysis
- Corporate Finance
- International Financial Management
- Quantitative Finance
- Statistical Inference
Lancaster University offers the chance to follow a structured study programme or the option to devise a more flexible programme. We divide academic study into 2 sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). In Part 1 you will take three units of assessment 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.
A-level: AAA(Mathematics) or AAB (Mathematics and Further Mathematics)
General Studies: Accepted as one of 3 A-levels
Key skills: Not included in offer
Preference: Two or more A-levels
GCSE: Maths (minimum grade B), and English Language (grade B/C)
Irish Leaving Cert: Offers will be made on the basis of 5 or 6 Higher level subjects.Please contact the Undergraduate Admissions Office (01524 592028) for further information
International Bacc: 36 pts overall with 16 pts from the best 3 HL subjects, inc 6 in HL Mathematics
Scottish Advanced Highers: AAA or AAB (to include Mathemematics at grade A)
BTEC: Not usually accepted
Mature students: Applications welcome. Interviewed if offer considered. Please contact the Undergraduate Admissions Office (01524 592028) for further information
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.
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.
Teaching and Learning Methods
At Lancaster we offer a broad range of learning environments which include the traditional lectures, tutorials, interactive workshops, laboratory and practical activities, student-led seminars and web-based delivery.
The modules which make up a programme of study are assessed using various methods, enabling students to demonstrate their capabilities in a range of ways. Typical coursework assignments include laboratory reports, essays, exercises, literature reviews, short tests, poster sessions and oral presentations. Formal examinations include basic and in-depth questions, essays and data analysis. Students are supervised in the production of final year project reports and dissertations, while students in laboratory classes are supported by demonstrators. Details of the assessment methods for individual modules can be accessed via the university's online module catalogue.
In addition to these learning and teaching methods we encourage independent study, meaning you take responsibility for your own learning. For more information visit our Teaching Approach page.
We offer you a variety of stimulating and effective approaches to teaching, learning and assessment. This enables you and your tutors to explore the very latest thinking within your subject and develops your skills in problem solving, analysis and critical reflection, communication, application of knowledge and modern technologies.
As a University, we commit to providing all our undergraduates with a minimum number of contact hours per week, providing you with timely feedback on your work and a maximum number of 15 students per seminar group.
Lancaster University has committed £3.7m in scholarships and bursaries to help with your fees and living costs. 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.
Lancaster University's priority is to support every student to make the most of their life and education. For students starting their study with us in 2015, over 600 each year will be entitled to bursaries and/or scholarships to help them with the cost of fees and/or living expenses. For UK students entering in 2015 we will have the following financial support available:
- An Academic Scholarship of £2,000 for the first year of study to any student from the UK entering with A*, A*, A or equivalent academic qualifications
- An Access Scholarship of £1,000 per year for all UK students from households with an income of less than £42,600 who achieve grades of A*, A, A or the equivalent academic qualifications
- A Lancaster Bursary of £1,000 per annum for all students from England with a household income of more than £25,000 but less than £42,600
*All of the financial awards above are subject to approval by the Office for Fair Access July 2014.
For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page
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.