Undergraduate study
Financial Mathematics

BSc (Hons) Financial Mathematics

UCAS code: G190 BSc/FM

Maths provides an essential basis for understanding modern finance. This course combines a grounding in mathematical concepts and methods with an opportunity to develop skills that can be applied to the analysis and modelling of financial markets. As a financial mathematics graduate, a range of career options are available to you - from banking, insurance, to teaching and local government.

Course information

Full-time

  • Length: 3 years (or 4 including a work placement year)

More full-time details

Part-time

  • Not available part-time

Contact details

Further information

 

The essentials of finance and underlying economic theory are studied alongside mathematics. Throughout the course emphasis is placed on problem solving and real-world applications.

A wide variety of career options are available to financial mathematics graduates in the financial services sector, including working as an actuary, in accountancy, banking, insurance, investment management and management consultancy. In the public sector specialists in mathematics and finance are employed in the civil service, local government and other organisations such as the NHS. The course also provides a sound basis for finance, economics, econometrics, logistics, mathematics, statistics and many other areas.Earning potential differs depending on occupation and location. Maths teacher salaries on average range from £33,000 - £39,000 a year. As a financial analyst you could earn £30,000 - £50,000 a year and as a financial controller your earnings could be between £40,000 - £60,000 a year.

Year 1 contains an introduction to all the main areas of mathematics. In Year 2 you build on these foundations to gain more specialist knowledge and you have the opportunity to work on a real industrial case-study to apply your knowledge.

Group projects in Year 1 and Year 2 are key to developing your communication skills through independent learning and team work, providing you with practical skills essential to your career. The Year 2 group project is a finance-related case-study, which allows you to apply your knowledge and build your work experience.

The optional work placement year during Year 3 provides valuable work experience that helps you to stand out when applying for your first graduate job. It’s your chance to apply the academic knowledge in a work environment and improve your career prospects. It can even lead to the offer of a permanent job with your placement employer.

The final year is devoted to advanced courses in financial mathematics alongside completing your specialist project in an area of mathematics that interests you. The specialist project provides a unique opportunity to explore a subject in greater depth, guided throughout by your project supervisor.

Course structure

Year 1 core modules

Analysis

Calculus

Introducing the skills you need to study engineering at degree level, this module covers differential and integral calculus.

You develop your mathematical skills and learn techniques of fundamental operations such as differentiation and integration to solve differential equations.

You also improve your ability to select and apply appropriate calculus techniques to solve engineering problems.

Exploring Mathematics (Group Project)

Introduction to Macroeconomics

Macroeconomics is a main branch of economics. You study the behaviour of an economy at aggregate level such as, the performance, structure, behaviour, and policy making of an economy as a whole. This is a core module giving you an introduction to main and essential macroeconomic principles, theories and methods of analysis. You cover output and aggregate demand, aggregate supply, business cycles, prices and inflation, unemployment, money and interest rates, monetary and fiscal policy, exchange rates and the balance of payments.

Introduction to Microeconomics

Probability and Statistics

 

Year 2 core modules

Laplace Transforms

Learn advanced techniques relevant to the solution of discipline-specific engineering problems.

Module content includes the solution of second order differential equations and Laplace transforms.

You learn through lectures and worked examples which illustrate how mathematical techniques are applied.

Problem-solving tutorial exercises give you the opportunity to practise new skills and techniques.

Macroeconomic Theory and Applications

You build on your knowledge and skills obtained from Introduction to Macroeconomics module and focus on intermediate level theories. You develop and enhance your understandings of the behaviour of the economy as a whole, so you can distinguish and critically understand different theoretical models and relate these models to policy debates in the real world.

Mathematical Modelling (Group Project)

Microeconomic Theory and Applications

You examine the central concepts, theories and methods of microeconomics and apply them to a wide range of problems and real-world issues. You cover the theory of consumer and producer behaviour, market efficiency and market failure, the analysis of strategic behaviour using game theory, an introduction to general equilibrium, and microeconomic policy.

Numerical Methods and Differential Equations

Statistical Analysis

 

Year 3 optional placement year

Final-year core modules

Graph Theory

International Finance

This module examines an economy's financial sector, introducing you to the principal concepts and techniques used in analysing financial markets and financial management. It covers four main areas: financial markets and institutions' operation and development; financial management and aspects of corporate finance; policy towards financial markets, including regulation, the role of central banks and the operation of monetary and exchange rate policy; and the derivatives markets and managing risks.

Operational Research and Optimisation

Project

Stochastic Processes

 

Modules offered may vary.

How you learn

You attend a range of lectures, small-group tutorials and laboratory sessions.

Your programme also includes a substantial final-year research-based project.

The course provides a number of contact teaching and assessment hours (such as lectures, tutorials, laboratory work, projects, examinations), but you are also expected to spend time working independently. This self-study time is to review lecture notes, solve tutorial exercises, prepare coursework assignments, work on projects and revise for assessments. For example, each 20 credit module typically has around 200 hours of learning time. In most cases, around 60 hours are spent in lectures, tutorials and practicals. The remaining learning time is for you to use to gain a deeper understanding of the subject. Each year of full-time study consists of modules totalling 120 credits and each unit of credit corresponds to 10 hours of learning and assessment (contact hours plus self-study hours). So, during one year of full-time study you can expect to have 1,200 hours of learning and assessment.

One module in each year of your study involves a compulsory one-week block delivery period. This intensive problem-solving week provides you with an opportunity to focus your attention on particular problems and enhance your team-working and employability skills.

How you are assessed

Our assessment strategy tests your subject knowledge, independent thought and skills acquisition. It involves a range of assessments types, including coursework assignments, group project reports and formal examinations.

We use end exams within a number of modules in each year. And we provide an assessment schedule with assessment details and submission deadlines to help with your time management.


Our Disability Services team helps students with additional needs resulting from disabilities such as sensory impairment or learning difficulties such as dyslexia
Find out more about our disability services

Find out more about financial support
Find out more about our course related costs

Career opportunities

All programmes incorporate employability skills development alongside your degree. Our staff utilise their extensive business connections to provide many and varied opportunities to engage with potential employers through fairs, guest lectures, live projects and site visits. In addition we offer a series of workshops and events in all years that ensure you are equipped with both degree-level subject knowledge and the practical skills that employers are looking for in new graduate recruits.

Our award-winning careers service works with regional and national employers to advertise graduate positions, in addition to providing post-graduation support for all Teesside University alumni.

Work placement year

Within this programme you have the opportunity to spend one year learning and developing your skills through work experience. You have a dedicated work placement officer and the University's award-winning careers service to assist you with applying for a placement. Advice is also available on job hunting and networking. Employers are often invited to our School to meet you and present you with opportunities for work placements.

By taking a work placement year you gain experience favoured by graduate recruiters and develop your technical skillset. You also obtain the transferable skills required in any professional environment. Transferable skills include communication, negotiation, teamwork, leadership, organisation, confidence, self-reliance, problem-solving, working under pressure, and commercial awareness.

Throughout this programme, you get to know prospective employers and extend your professional network. An increasing number of employers view a placement as a year-long interview and as a result, placements are increasingly becoming an essential part of an organisation's pre-selection strategy in their graduate recruitment process.

Potential benefits from completing a work placement year include:

  • improved job prospects
  • enhanced employment skills and improved career progression opportunities
  • a higher starting salary than your full-time counterparts
  • a better degree classification
  • a richer CV
  • a year's salary before completing your degree
  • experience of workplace culture
  • the opportunity to design and base your final-year project within a working environment.

Entry requirements

Typical offers are made in the range of 96-112 tariff points from any combination of recognised Level 3 qualifications or equivalent, including mathematics.

The most common acceptable Level 3 qualifications are:

  • A levels (grades BBC, including C in mathematics)
  • BTEC Extended Diploma (DMM, including merit in further mathematics
  • Access to HE Diploma (with merit in at least 12 level 3 credits in mathematics).

If the qualification you are studying is not listed, please contact our admissions office for advice. We accept many alternative UK and international qualifications.

Your offer is made on the basis of your UCAS application and, if appropriate, your interview.

Interviews

Eligible applicants are normally invited to attend an interview. The purpose of the interview is to help us determine your potential to succeed and tailor your offer to your individual circumstances. The interview also gives you the opportunity to see our excellent facilities, meet staff and students, and learn more about studying at Teesside University.

We encourage all applicants to attend their interview, but if you can't come for an interview we will consider making an offer based on the information you provide in your application. Online or Skype interviews may be possible in some cases.

Attending and performing well in an interview could lead to a lower tariff offer than the advertised tariff.

English language and maths requirement
Entry to a degree programme requires you to have a good command of spoken and written English and numeracy skills. Normally GCSE English language and maths at grade C, or 4 under the new grading system. Key Skills Level 2 may be used in lieu of GCSE English and maths.

Non-EU international students who need a student visa to study in the UK should check our web pages on UKVI-compliant English language requirements. The University also provides pre-sessional English language courses if you do not meet the minimum English language requirement.

Alternative progression routes
If you are not eligible to join this course directly then we may be able to help you meet the requirements for admission by studying one or more appropriate pre-degree Summer University modules, some of which can be studied by distance learning.

Please contact us to discuss the alternative progression routes available to you.

Secure a guaranteed course place now
Guaranteed Place Scheme (TUSSE-GPS)

If you have completed Level 3 qualifications (for example AS Levels, BTEC Nationals) and have at least five GCSEs at grade C or above, including English and Mathematics, you may be eligible for a guaranteed place on an Extended degree course in your chosen subject whilst still working towards meeting the conditions required for a course with higher entry requirements.
Find out more and check your eligibility

For additional information please see the entry requirements in our admissions section

International applicants can find out what qualifications they need by visiting Your Country


You can gain considerable knowledge from work, volunteering and life. Under recognition of prior learning (RPL) you may be awarded credit for this which can be credited towards the course you want to study.
Find out more about RPL

What is KIS?

How to understand the Key Information Set

Course information

Full-time

  • Length: 3 years (or 4 including a work placement year)

More full-time details

Part-time

  • Not available part-time

Contact details

Further information