Financial Mathematics (Placement Year)

BSc Hons

  • UCAS Code GN1J
  • Entry Year 2023 or 2022
  • A Level Requirements AAA
  • Duration Full time 4 Years

Overview

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 and gain valuable real-world experience in industry.

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. During the course, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics. You will also benefit from completing a year of full-time work experience, providing you with invaluable experience and an insight into the real-world workplace.

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.

To prepare you for your work placement year, our Careers and Placements Team will provide advice and guidance on: the skills required to create effective CVs, cover letters and applications; tips and techniques on how to make an impact at interviews and assessment centres; how to create a relevant digital profile; and how to research employers and career sectors of interest. In addition, there is great emphasis placed upon developing self-awareness and on how to present yourself in a professional manner to employers. This optional provision will be delivered via a blend of traditional and digital methods including face-to-face workshops, online webinars, e-courses and 1:1 appointments.

The third year will take you away from the academic environment and into the workplace. You will spend this year with one of our partner organisations, putting what you have learnt into practice and gaining experience of a real workplace. This is a fantastic opportunity to see how what you have studied applies to the real-world and gives you the chance to get a taster of a potential career. This experience will be highly beneficial once you begin researching your career and applying for jobs.

The University will use all reasonable effort to support you to find a suitable placement for your studies. While a placement role may not be available in a field or organisation that is directly related to your academic studies or career aspirations, all placement roles offer valuable experience of working at a graduate level and gaining a range of professional skills. If you are unsuccessful in securing a suitable placement for your third year, you will be able to transfer to the equivalent non-placement degree scheme and continue with your studies at Lancaster, finishing your degree after your third year.

Returning to Lancaster in the fourth year to complete your study, you will delve deeper into the theory of probability and will explore the concept of statistical inference. Alongside this, you will build upon the valuable industry and employability skills gained during your placement 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

In addition to our BSc, we also offer a MSci Financial Mathematics programme that includes an additional year of study and a substantial research project. This programme will provide you with Masters-level proficiency in mathematical analysis and concepts, as well as specialist financial knowledge.

Careers

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 ugadmissions@lancaster.ac.uk

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.

Core

Core

Optional

Core

Core

Optional

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.

Cerys Evans

A place for Cerys

Lancaster has been the perfect place for me. The campus feels like its own little world and the sense of community has been a really key part of my experience at Lancaster. You can find your place in colleges, liberation forums, and societies – there really is somewhere for everyone.

The way that the Mathematics course is structured at Lancaster means that by the end of first year every student is caught up to the same level so you don’t have to worry about being behind if you studied different qualifications at school. Then second year builds on that foundation to give a breadth of teaching across pure maths, statistics, and mathematical methods so that you can study what interests you in third year knowing that you have a strong basis to work from.

I decided to do a placement year, and I spent 14 months working for NHS England as a data analyst in the performance analysis team. I had the opportunity to work on official statistics that were discussed on the news and used by Number 10, the CEO of the NHS, and the general public. I was able to use the coding skills I learned in my degree to improve processes within my team which significantly increased efficiency and reduced errors.

I absolutely loved working in a sector that I feel passionately about and now know that data is the career I want to work in after I graduate. My placement experience helped me choose third-year modules that will be relevant to the graduate jobs I plan to apply for and the assessments I did during my placement year have helped me reflect on what sort of jobs I want to apply for.

 

Cerys Evans, BSc Hons Mathematics (Placement Year)

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.