Menu
Undergraduate menu

Mathematics, Statistics and Financial Economics

GL11 BSc (Hons) 3 years

Overview

This is a joint programme with the School of Economics and Finance. The first year consists of six modules of mathematics and statistics and two modules of economics; the second year provides four modules of mathematics and statistics and four modules of economics; and the final year includes at least three modules of mathematics and statistics and three modules of economics. Mathematics and economics are complementary subjects and, during the course of your studies, you will discover and be able to exploit the many links between them.

Mathematics is concerned with finding patterns and solving problems. Every day we encounter patterns, which can be described using mathematics, for example, in numbers, shapes or data. We can use mathematics to identify these patterns, solve problems, inspire new technologies and make informed decisions.

Mathematics is for people who are prepared to think logically and creatively and then explain those thoughts precisely. It is a demanding discipline: finding patterns and solving problems isn’t always easy, but discovering the correct answer to a difficult problem is very rewarding.

At university, you will discover a new world of concepts and ideas. You will encounter new kinds of mathematical objects and investigate their common features and abstract natures. But it is not all abstract: our statistics and finance modules are very much about the real world – you will use mathematical skills to extract information from data and draw conclusions.

Why study Mathematics, Statistics and Financial Economics at Queen Mary?

The School of Mathematical Sciences embraces pure mathematics, probability and statistics, complex systems and networks, dynamical systems and statistical physics, computing and finance. We are one of the largest mathematics departments in the UK, meaning we have experts available to teach a wide range of subjects. We offer:

  • Flexibility – in your first year, you will study a set of compulsory subjects, common to many of the degree programmes we offer. As you progress you can choose more specialised modules that reflect your particular interests. This means that you will graduate with a broad foundation in the mathematical sciences, but with the advantage of specialist knowledge.
  • Student support – you will have an academic adviser who will guide you through module choices and support you with any academic issues you have. Our Student Support Officer will be able to help with other aspects of university life; see i2 Keepin' it real – Maths student support.
  • Focus on employability – we offer you enhanced employability through various certification and training opportunities; see improve your employability.
  • Careers advice – we offer a number of careers events aimed specifically at mathematical sciences students; see careers and careers & work experience for Maths students.
  • Professional accreditation and exemptions – if you take the appropriate modules.

Structure

Year 1

Compulsory modules:

  • Essential Mathematical Skills
  • Calculus I and II
  • Principles of Economics
  • Geometry I
  • Introduction to Probability
  • Introduction to Statistics
  • Numbers, Sets and Functions
  • Microeconomics I

Year 2

Compulsory module:

  • Capital Markets 1
  • Games and Strategies
  • Applied Linear Algebra
  • Macroeconomics I
  • Microeconomics II
  • Probability Models
  • Statistical Methods
  • Statistical Modelling I

Year 3

Compulsory module:

  • Corporate Finance 1
  • Financial Markets and Institutions
  • Time Series
  • Statistical Theory

Options include:

  • Futures and Options
  • Corporate Finance 2
  • Financial Mathematics I, II and III
  • Statistical Modelling II
  • Third Year Project
  • Design of Experiments
  • Random Processes

For further details, see our current study programmes and modules.

Entry requirements

Entry Requirements for 2017 Entry and General Admission Entry Requirements can be found below.

2018 Entry requirements

A-LevelGrades AAA at A-Level. This must include A-Level Mathematics. Excludes General Studies.
IBInternational Baccalaureate Diploma with a minimum of 36 points overall, including 6,6,6 from three Higher Level subjects. This must include Mathematics at Higher Level.
BTEC See our detailed subject and grade requirements
Access HEWe do not accept Access qualifications for entry to this programme.
GCSEMinimum five GCSE passes including English at grade C or 4.
Contextualised admissions We consider every application on its individual merits and will take into consideration your individual educational experiences and context. More information on how academic schools and programmes use this information as part of the admissions process, can be found on our contextualised admissions pages.

2017 Entry requirements

GCE A-levels

Typical grades required: AAA at A-level including Mathematics.

Additional requirements and excluded subjects: We accept all A-levels, including native languages, except General Studies, Critical Thinking and Use of Maths. We do not accept AS-levels. You must also have at least grade C in GCSE English Language, or equivalent.

International Baccalaureate

Subjects and grades required: 36 points total including Higher Level Mathematics at grade 6.

 

General Admissions Entry Requirements

English Language Proficiency

All applicants to QMUL must show they meet a minimum academic English language standard for admission and to be successful on the course, to the indicated levels for the area of study. See our guidance on English Language requirements for all degree programmes.

Vocational and Other Qualifications

The College accepts a wide range of qualifications such as Access and Foundation programmes, vocational awards, Irish Leaving Certificate, Scottish Highers and other Baccalaureates. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application so that we can give individual advice.

Admission is based on academic merit and on the proven ability of the applicant to achieve success on their chosen programme of study. Every application to Queen Mary is considered on its individual merits with personal statement and reference taken into consideration.

Combined Qualifications

If you are taking a combination of qualifications at Level 3, we will consider your academic profile and may make offers on a case-by-case basis. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application so that we can give individual advice.

Advanced Entry

Subject to the policy of the programme, it may be possible for students to join undergraduate degree programmes at the beginning of the second year of a three or four year degree programme or, sometimes, the beginning of the third year of a four year programme. Please note, not all schools will consider advanced entry. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application for individual advice.

If you are applying for advanced entry on the basis of a post A-Level qualification, such as the BTEC HND, you should apply via UCAS in the usual way. If you wish to transfer your degree studies from another UK higher education institution, you will be considered on the basis of your original A-Level or equivalent qualifications, current syllabus, academic references and results.

We typically expect you to have achieved a 2.1 standard on your current programme and have already met the standard equivalent first year entry requirements. Applications must be submitted via UCAS.

Non-UK students

European and International Applicants

Our students come from over 162 countries and we accept a wide range of European and International Qualifications for entry, in addition to A-Levels, the International Baccalaureate and BTEC qualifications. Please see our International Admissions webpages for further details of our academic requirements, and information regarding how we assess the equivalence of your qualification.

Applicants will typically be expected to be taking academic subjects relevant to the programme of study. You are advised to review the A-Level and IB requirements for an indication of these subjects. If you are at all unclear, the Admissions team (admissions@qmul.ac.uk) is happy to advise you further.

Further Information

For any other enquiries directly relating to our entry requirements, please contact the Undergraduate Admissions Office directly.
Telephone: +44 (0)20 7882 5511
Email: admissions@qmul.ac.uk

See our information and guidance on how to apply.

Learning and teaching

Each year you will normally take eight different modules. The majority are delivered via a combination of lectures and exercise classes. Some modules, such as Introduction to Statistics, have a practical element presented in one of our computer labs.

Independent study

For every hour spent at University you will be expected to complete additional hours of independent study.  Your individual study time could be spent preparing for, or following up on formal study sessions; reading; assessing data from experiments; completing lab reports; and revising for examinations.

The direction of your individual study will be guided by the formal study and laboratory sessions you attend, along with your reading and assignments.  However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.  Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area.  This is an important transferable skill and will help to prepare you for the transition to working life.

Assessment

The majority of modules are assessed by an examination counting for at least 90 per cent of your marks; the remaining 10 per cent comes from a combination of tests and coursework. Coursework is set weekly or fortnightly and through this you receive regular feedback on your progress, although for most modules it is ‘formative’ and does not contribute to your total mark. Assessments are written, although project-type modules include a short presentation and may feature an oral examination. A final-year project is compulsory for an MSci programme but not for a BSc programme.

In addition to the normal Queen Mary progression hurdle, you must pass Essential Mathematical Skills to progress from the first to the second year of any Mathematical Sciences degree programme.

Fees and finance

Tuition fees for Home and EU students

2017 entry
Full-time £9,250

Tuition fees for International students

2017 entry
Full-time £15,900

You can either take out a Tuition Fee Loan (see Funding section below) to pay your fees or, if you are paying them yourself, you can pay in instalments.

Tuition fees for a year abroad or placement year on a full time undergraduate course will be a proportion of the full fee for the year in which you commence your time abroad or placement.

For information on field trip and other course related costs which are not included in your tuition fee, please contact the relevant Department/School.

See more general information about fees.

Tel: +44 (0)20 7882 7676
email: fees@qmul.ac.uk

Funding

Queen Mary has a substantial package of scholarships and bursaries which will benefit around 50 per cent of our undergraduate student body.

Scholarships and Bursaries available at Queen Mary for Home/EU Students

There are a number of scholarships and bursaries available each year for home students. Visit our Bursaries and Scholarships page for more information.

Visit our Advice and Counselling website for more information about financial support.

Scholarships available at Queen Mary for International Students

There are a number of Scholarships available each year for International Students including bursaries and scholarships in a range of subject areas.

Find out more about international scholarships.

Some International students may also be eligible for a fee reduction.

Loans and Grants available to help with tuition fees and living costs

Student Finance England administers all grant and loans for your studies if you normally live in England.

If you live in WalesScotland or Northern Ireland you have an equivalent Student Finance department for your region.

Through Student Finance England, you can apply for (figures relate to programmes starting from September 2016):

  • A Tuition Fee Loan of up to £9,000 to pay all or part of your fees
  • A Maintenance Loan of up to £10,702 to help pay your living costs like rent, food and travel
  • Extra grants if you have a disability or you have children or an adult dependant
  • You might get a grant to cover some travel expenses if you normally live in England but study away from home. If you’re a medical or dental student you might also qualify for help with the costs of attending clinical placements in the UK.

Visit Student Finance Information to find out more about:

  • How to apply for student finance
  • What eligibility rules apply, including if you already have a degree or previous higher education study
  • What the income thresholds are and how much you might personally get for each element of Student Finance
  • What to do if you have problems getting your Student Finance

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

  • Additional sources of funding
  • Planning your budget and cutting costs
  • Part-time and vacation work
  • Money for lone parents

For more information visit the Advice and Counselling service website, or call +44 (0)20 7882 8717.

Graduate Employment

Graduates from Queen Mary’s School of Mathematics go on to work in a wide variety of careers. Some apply their degree knowledge directly, entering careers in finance or statistics, whilst others transfer skills gained during study into areas such as information technology and logistics.

The national 2012 destination survey confirmed that 80% of graduates from the School of Mathematical Science were in employment and/or study six months after graduation, with 77% already working/studying at graduate level. Graduates from this School have a strong earning power, with a median salary of £20,576.

The broad range of skills gained through this course, coupled with multiple opportunities for extra-curricular activities and work experience, has enabled graduates to move into careers such as:

  • Cost Recovery Officer, Burren Energy ENI
  • Data Analyst, Brit Insurance
  • Graduate Trainee Scheme, London Borough of Tower Hamlets
  • Graduate Trainee Corporate Banker, Royal Bank of Scotland
  • Revenue Control Officer, Islington Council
  • Secondary School Teacher, Teach First
  • Tax Consultant, LECG
  • Trader, Barclays Capital
  • Trainee Actuary, Prudential
  • Trainee Financial Analyst, De Vere Private Equity

Throughout the course, students have access to an annual QM Careers and Enterprise Centre programme, to prepare them for internships and graduate level work. This includes employer led workshops on job applications and interviews as well as over 90 employer events to facilitate networks and help students to explore their options.

Students in the School of Mathematical Sciences are able to take advantage of a wide range of careers events. These include career forums with employers such as IBM and Deloitte, workshops on applications and interview skills as well as a Business and Finance Fair, IT and Technology Fair and 3 week ‘Focus on Finance’ programme with events about careers in consulting, insurance, banking and accountancy.

Opportunities for work experience are substantial given Queen Mary’s location between Canary Wharf, the City and the Olympic Village. Students are encouraged to build their work experience throughout their period of study, through, for example, our QProjects work experience scheme, our QRecruit internships and temporary work hub, the part time work Experience Works event and QMSU Provide volunteering services. Over 1400 vacancies are available to browse on the QM JobOnline vacancy site.

Queen Mary’s extensive campus also provides over 1200 on-campus job and volunteer opportunities ranging from E-learning Assistant to Gym Instructor and from Society President to Student Mentor.

Read more about our careers programmes and range of work experience opportunities on the QM Careers and Enterprise Centre pages.

Profiles

Name: Nimesh Sanghrajka
Studied: BSc Mathematics, Statistics and Finance

Currently: "I am working as a Commercial Manager in the UK Corporate Banking division at the Royal Bank of Scotland/NatWest Group. I joined the Bank on a talent programme three months after my graduation. In my current role I look after the banking of commercial customers based in Central London whose turnover is in the region of £1m–£25m. The scheme only took 80 people nationwide, and I was one of 12 candidates to be successful for the central London region."

Why did you choose Queen Mary?

"I chose Queen Mary due to its standing as a top university. For Mathematics and Economics it is one of the best places to learn and develop analytical skills."

What did you gain from your time at Queen Mary?

"Queen Mary tested my ability to think and provided me with a platform from which to build a solid career in the financial capital of the world. The University of London name had a lot of weight when it came to the interview stage, and I firmly believe that I was successful in my application due to the skills I honed whilst at Queen Mary. The Careers Service was also exceptionally helpful when it came to submitting applications for jobs, and the mock interviews and advice I received were invaluable."

What are your career plans in the next five years?

"I hope to become a senior Relationship Manager looking after a portfolio of clients whose businesses turnover in the region of £25m+, continue to build my network of professional contacts and take on management duties." 

Return to top