Financial Mathematics

BSc Hons

  • UCAS Code GN13
  • Entry Year 2023 or 2022
  • A Level Requirements AAA
  • Duration Full time 3 Years


Top reasons to study with us

  • 10

    10th for Graduate Prospects, Accounting & Finance

    The Times and Sunday Times Good University Guide (2022)

  • 11

    11th for Accounting and Finance

    The Times and Sunday Times Good University Guide (2022)

  • 12

    12th for course satisfaction in Mathematics

    The Guardian University Guide (2022)

Financial mathematicians are interested in making good decisions in the face of uncertainty. Through our rigorous programme, you will develop the skills and knowledge to become a major decision maker and influencer in your chosen career.

Financial maths is about learning to interpret and manipulate data to draw valuable conclusions and make predictions. This is particularly important in business and finance, but the skills gained from this programme are widely applicable and highly sought after. Over the three years, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics.

During your first year, you will build on your previous knowledge and understanding of mathematical methods and concepts. Modules cover a wide range of topics from calculus, probability and statistics to logic, proofs and theorems. As well as developing your technical knowledge and mathematical skills, you will also enhance your data analysis, problem-solving and quantitative reasoning skills. During this year, you will also receive an introduction to accounting and finance, which will provide you with a comprehensive understanding of the concepts and techniques of the discipline, including financial accounting, managerial finance, and financial statement analysis.

In the second year, you will further develop your knowledge in analysis, probability and statistics. During this year, you will also begin to explore advanced finance and will benefit from modules in economics at managerial level. These will provide you with insight into micro and macroeconomics, and their related issues. You will develop real-world knowledge and experience by applying your analytical skills, interpreting events and evaluating policies. This will be instrumental in developing a career related to banking, finance, international payments and exchange rates, and monetary policy.

During your third year, you will delve deeper into the theory of probability and will explore the concept of statistical inference. Alongside this, you will gain valuable industry and employability skills through a dedicated careers-focused module. This final year will also be highly customisable, allowing you to select from a range of modules to suit your own interests and career aspirations.

MSci Financial Mathematics

As well as offering a BSc, we also offer a four year MSci Financial Mathematics degree. During the course of this programme, you have the option to graduate after three years with a BSc, or progress onto an advanced fourth year and complete an MSci. This additional year features Masters-level modules and a dissertation.

BSc Financial Mathematics (Industry)

Alternatively, you may wish to apply for our BSc Financial Mathematics (Industry) programme, which will offer you the opportunity to spend a year working with one of our partner organisations. This year in industry will provide you with invaluable experience and insight into the real-world workplace and will allow you to try out a possible career pathway.


Financial maths graduates are very versatile, having in-depth specialist knowledge and a wealth of skills. Through this degree, you will graduate with a comprehensive skill set, including data analysis and manipulation, logical thinking, problem-solving and quantitative reasoning, as well as adept knowledge of the discipline. As a result, financial mathematicians are sought after in a range of industries. However, graduates of this programme are ideally placed to forge rewarding careers in the business and finance, and government sectors.

The starting salary for many financial maths graduate roles is highly competitive, and career options include:

  • Actuary
  • Data Analyst
  • Finance Manager
  • Financial Analyst
  • Insurance Underwriter
  • Investment Analyst
  • Market Researcher

Alternatively, you may wish to undertake postgraduate study at Lancaster and pursue a career in research and teaching.

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 (either analysis and approaches or applications and interpretations)

BTEC Accepted alongside A level Mathematics grade A and Further Mathematics grade A

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

Course Structure

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 to complement your main specialism. 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 please visit our Teaching and Learning section.

The following courses do not offer modules outside of the subject area due to the structured nature of the programmes: Architecture, Law, Physics, Engineering, Medicine, Sports and Exercise Science, Biochemistry, Biology, Biomedicine and Biomedical Science.

Information contained on the website with respect to modules is correct at the time of publication, and the University will make every reasonable effort to offer modules as advertised. In some cases changes may be necessary and may result in some combinations being unavailable, for example as a result of student feedback, timetabling, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes and new research.






Fees and Funding

We set our fees on an annual basis and the 2023/24 entry fees have not yet been set.

As a guide, our fees in 2022/23 were:

UK International
£9,250 £23,365

Scholarships and bursaries

At Lancaster, we believe that funding concerns should not stop any student with the talent to thrive.

We offer a range of scholarships and bursaries to help cover the cost of tuition fees and/or living expenses.

Laura Patterson

A place for Laura

The diversity of opportunities at Lancaster has very much appealed to me during my time here. I have tried to make the most of these by taking part in everything from part-time work and volunteering to societies. As a Student Ambassador and Tutor, I've met new people and formed friendships that I otherwise may not have had. The part-time jobs have provided me with the extra income that I worried about having before I came to university, as well as many great opportunities to network and impress interviewers for roles.

Lancaster has helped me achieve all I have wanted and more. I have gained an insight experience at Deutsche Bank during the second year, allowing me to see how an investment bank operates - including experiencing the technology department of the trading floor of the company, which was such a surreal experience!

Last summer, I spent 10 weeks as an intern at the Royal Bank of Scotland in Edinburgh. This took place during the World Cup, which added an extra element of excitement and bonding between interns. I successfully obtained a graduate job offer. This meant that I had an offer for a job after university before even beginning my final year, which has been such a relief. This was all paid too, allowing me to save for my future.

My advice would be to grab every opportunity you can, as you never know where it may lead. This has led me to uncover key skills, such as work-life balance, time management and communication that I hope will serve me well in my future.

Laura Patterson

A student swims in a coral reef

Study Abroad

Several of our degree programmes offer the opportunity to spend a year abroad studying at one of our partner institutions. Destinations vary each year, with past students staying in the USA, Canada, New Zealand and Australia.

We choose our partner universities to ensure that the course content of your third year complements the rest of your degree programme. You will study modules that link to those taught at Lancaster. You will have the opportunity to study specialist modules offered by our partner universities.

The modules that you study during your year abroad will count towards your final degree classification.

A year abroad will highlight to potential employers that you are flexible, adaptable and independent. You will also show cultural awareness and the ability to work with people from a variety of backgrounds.

Important information

The information on this site relates primarily to 2023/2024 entry to the University and every effort has been taken to ensure the information is correct at the time of publication.

The University will use all reasonable effort to deliver the courses as described, but the University reserves the right to make changes to advertised courses. In exceptional circumstances that are beyond the University’s reasonable control (Force Majeure Events), we may need to amend the programmes and provision advertised. In this event, the University will take reasonable steps to minimise the disruption to your studies. If a course is withdrawn or if there are any fundamental changes to your course, we will give you reasonable notice and you will be entitled to request that you are considered for an alternative course or withdraw your application. You are advised to revisit our website for up-to-date course information before you submit your application.

More information on limits to the University’s liability can be found in our legal information.

Our Students’ Charter

We believe in the importance of a strong and productive partnership between our students and staff. In order to ensure your time at Lancaster is a positive experience we have worked with the Students’ Union to articulate this relationship and the standards to which the University and its students aspire. View our Charter and other policies.