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Financial Mathematics BSc

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UCAS code
GGC3
Qualification
BSc
Duration
Up to 4 years
Study location
Edinburgh
Delivery type
Full-time

Overview

The Course

If you are looking for a career that offers the best pay of all the professions (and without the need to take postgraduate qualifications) and have an interest in science or engineering, then Financial Mathematics is the degree for you.Just as civil engineering deals with the design, construction and maintenance of buildings and roads, financial mathematics is concerned with the design, construction and maintenance of financial products.An explosion in the market of financial mathematicians occurred after the 1987 crash. Following the recent turmoil in the financial markets, investment banks are already planning to recruit more properly skilled mathematicians.

Teaching excellence and student satisfaction

95% of our 2015 graduates reported in the National Student Survey that they were satisfied overall with their course.

What Financial Mathematicians do

  • They manage financial risk and design new financial products
  • They are experts in deciding which assets to choose to fit the investment needs of their clients
  • They do this by analysing the past and modelling the future
  • They apply financial mathematics, probability, statistics, economics, and finance to solve problems in banking and investment

Read a press article about us in the Herald.

A feel for the work of financial mathematicians can be gained from the following websites:

 
 

Programme content

Year 1

Introduction to Statistical Science; Calculus; Algebra; Professional Development Planning; Finance; Economics and practical work.

Learning and teaching

  • Scheduled learning:29%
  • Independent study:71%
  • Placement:0%

Assessment

  • Written:56%
  • Practical:0%
  • Coursework:44%
Year 2

Probability and Statistics; Actuarial and Financial Mathematics; Linear Algebra; Real Analysis; Multivariate Calculus; Introduction to Numerical Methods and practical work.

Learning and teaching

  • Scheduled learning:30%
  • Independent study:70%
  • Placement:0%

Assessment

  • Written:83%
  • Practical:0%
  • Coursework:17%
Year 3

Portfolio Theory and Asset Models; Derivative Markets and Discrete-time Finance; Stochastic Processes; Statistical Modelling; Vector Analysis; Numerical Analysis; Bayesian Inference and Computational Methods.

Learning and teaching

  • Scheduled learning:30%
  • Independent study:70%
  • Placement:0%

Assessment

  • Written:74%
  • Practical:0%
  • Coursework:26%
Year 4

Advanced Derivative Pricing; Advanced Stochastic Processes; Risk Theory; and options of Optimisation; Partial Differential Equations or Measure Theory.

More in-depth information on the content of the courses listed above, how they are assessed and the learning outcomes can be access via our current student portal.

Learning and teaching

  • Scheduled learning:30%
  • Independent study:70%
  • Placement:0%

Assessment

  • Written:89%
  • Practical:0%
  • Coursework:11%

Employability

77%
In professional/managerial position

Work and study

This is what our BScFinancial Mathematics students are doing six months after graduating:

  • 69% are working
  • 6% are studying
  • 15% are working and studying.

Managerial/professional position

  • 77% of those working are in a professional/managerial position six months after graduating.

Salary

  • The average salary of students six months after graduating: £22000
  • The average UK salary of students six months after graduating from a similar programme: £21000

Jobs

These are the most common jobs students go into six months after graduating:

  • Business, research and administrative professionals
  • Business and public service associate professionals
  • Information technology and telecommunications professionals .
  • Administrative occupations
  • Sales occupations
  • Protective service occupations
  • Customer service occupations
  • Elementary occupations
  • Architects, town planners and surveyors
  • Skilled trades occupations

Entry requirements

Year 1

  • Highers AAAB including Mathematics at A
  • A-Levels ABB including Mathematics at A
  • Int. Baccalaureate 28 points with higher level Mathematics at 6

Year 2

  • A-Levels AAB including Mathematics at A
  • Advanced Highers ABB Including Mathematics at A plus excellent Highers or Scottish Baccalaureate
  • Int. Baccalaureate 30 points with higher level Mathematics at 7
  • Additional information To find out about the difference between the 3 and 4 year honours programmes, please read our leaflet to help you decide which route is best for your qualifications and experience so far.

Tuition fees

Tuition fees for 2016 entry (by residency status)
Status*Scotland / EU**England / Northern Ireland / WalesInternational
FeePaid by SAAS£9,000£13,500

* Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your programme. Find out more about tuition fees.

** European Union countries, not including England, Northern Ireland or Wales.

Scholarships & bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales starting undergraduate degree programmes in 2016

In addition to government maintenance loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible students from England, Northern Ireland or Wales:

View our full range of undergraduate scholarships