Admissions Officer (MACS)
+44 (0)131 451 3914
If you are looking for a career in the world of finance and love mathematical challenges, 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. It is well known that careers in financial mathematics offer some of the best salaries of all professions and graduates working in this area thrive on being offered many interesting challenges on a day-to-day basis.
Our Financial Mathematics programme develops the skills and knowledge required by the modern investment and asset management industry, where structured finance and relative value trading strateges dominate. The emphasis is on developing a range of practical skills relevant to the increasingly mathematical and ever-changing world of contemporary finance.
Financial Mathematics isn't just for aspiring bankers. The UK Government is the single biggest user of structured finance, through the Private Finance Initiative. Graduates are also attractive to the treasury function of international corporations and to the trading arm of commodities companies.
Students on the Financial Mathematics degree follow the same programme as Actuarial Science students for the first two years. The programmes diverge in third year and in the fourth year Financial Mathematics students will be able to study courses alongside Master's students on the Quantitative Finance and Mathematics programme. The aim is for Financial Mathematics graduates to achieve a skill set comparable to those graduating with a Master's degree.
Teaching excellence and student satisfaction
96% of our 2018 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
Investment banking is the main destination of financial mathematicians, however the skills developed on the programme are desirable to all businesses, and there are many research opportunities. Due to the high mathematical ability required in this industry, there is always a limited number of well-trained financial mathematicians available, meaning that graduates are much in demand.
A feel for the work of financial mathematicians can be gained from the following websites:
Accredited by the Royal Statistical Society.