Our degree in Economics, Statistics and Mathematics is about the real world: about how people respond to incentives, and the production and allocation of resources. Think how many news items involve economics: the global recession, tax, interest rates, prices, and the job market.
There are two major strands in economics: Microeconomics which looks at the individual firm and consumer, attempting to understand their behaviour and motivations, and; Macroeconomics which focuses on the economy as a whole, covering major themes like taxation, investment and inflation.
Your degree will combine a core of macroeconomics, microeconomics and the quantitative techniques used in economic analysis and investigation, taught in the School of Economics and Finance with modules in mathematics and statistics taught in the School of Mathematical Sciences. You will therefore concentrate on the more quantitative aspects of economics. Some of your work will be computer intensive, using networked terminals in the School’s computer laboratories.
Why study an Economics, Statistics and Mathematics degree at Queen Mary?
The quality of teaching and research within the School of Economics and Finance at Queen Mary has been widely acknowledged. In the 2015 National Student Survey (NSS) 94% and 96% of our students expressed a high level of overall satisfaction with the quality of teaching and support provided for their course, for economics and finance respectively. In terms of Research, Economics at Queen Mary has been ranked 10th in the UK for research power in the latest Research Excellence Framework (REF 2014). We are a young and international School with staff from all over Europe and beyond, who have links to important institutions in the City and further a-field.
You will be able to choose from a wide range of study options and benefit from a varied programme of visiting speakers. Our established exchange programme allows you to spend either a year in the USA, Australia, Singapore or China or a semester through the Erasmus scheme either in Italy or Spain.
The School offers excellent resources to its undergraduate students. We have two computer labs for the exclusive use of economics students. Ten Bloomberg terminals give students access to the latest financial software used in the banking and finance industry. We also subscribe to the major statistical databases, and software packages such as those used by economists in finance or in government for data analysis and simulation.
The School strongly believes that education, personal and professional development also takes place outside the classroom through structured extracurricular activities. Examples of such extracurricular activities organised by the School and open to all students include the research assistant scheme, the maths and book clubs, economics debates, imagery and essay competitions, football and tennis tournaments. The School also actively support the work of two societies, the Economics Society and the Trading and Investment Society.
Every year the School of Economics and Finance organises various guest speaker lectures. So, you will be able to attend a varied programme of lectures and talks. Some of the invited speakers in the past include Tim Harford, John Roemer, Lord Meghnad Desai, Charles Goodhart, Rt Hon Roy Hattersley, Dan Corry, Robert Peston, Scott Page, Frank Allen, Lord Sebastian Coe, Richard Lipsey, Richard Layard, and Sanjeev Goyal.
- Economic Principles
- Mathematical Methods in Economics and Business 1
- Mathematical Methods in Economics and Business 2
- Introduction to Probability
- Mathematical Structures
- Microeconomics 1
- Macroeconomics 1
- Introduction to Statistics
- Games and Strategies
- Macroeconomics 2
- Linear Algebra I
- Statistical Methods
- Microeconomics 2
- Econometrics 2
- Statistical Modelling I
- Optional level 5 module to be chosen from SEF
Year 3You must take at least six level 6 modules. Statistical Theory is a compulsory module. You must also take at least one further level 6 module from the School of Mathematical Sciences. You must take at least two modules from the School of Economics and Finance (one of which must be at level 6). In total six of the modules you take must come from either SEF or SMS, a further two modules can be taken from anywhere from the College.
2017 grades required: AAA, including A in A-level maths (or pure maths).
Excluded subjects: General studies, critical thinking and use of maths.
Additional information: We encourage entrants who are predicted to achieve good to excellent A-level grades (at or near AAA or equivalents) to apply. If you have any doubts or questions about the suitability of your predicted grades we strongly encourage you to contact the School of Economics and Finance.
2017 subjects and grades: 36 points including 6,6,6 in higher level subjects. Must include at least 6 in standard level maths.
Excluded subject: Maths Studies.
Additional information: We encourage entrants who are predicted to achieve good to excellent IB grades (at or near 36 points) to apply. If you have any doubts or questions about the suitability of your predicted grades we strongly encourage you to contact the School of Economics and Finance.
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. Entrants with equivalent EU qualifications and equivalent qualifications from overseas (non EU) examinations are also encouraged to apply, as are applications from mature or returning students. Please visit our Entry requirements page for further information.
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.
Information for applicants from outside the United Kingdom, including English language qualifications
Learning and teachingLearning and Teaching:
Learning is organised around three hours of weekly contact time per module, complemented by independent work aimed at carrying out the reading, writing and problem solving required by each lecturer. A variety of teaching methods are used ranging from student-led activities to problem-based learning.
For every hour spent in classes you will be expected to complete a further 2-3 hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.
The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists 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 is by a variety of methods including formal examinations, in-class tests, coursework of various forms, presentations and independent dissertation. Most modules have two methods of assessment (e.g. coursework and a two-hour exam).
Fees and finance
Fees are charged at a Home/EU rate for UK and EU nationals, and an overseas rate for International students - find out more about how your tuition fee status is assessed.
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
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.
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.
Graduates from Queen Mary’s School of Economics and Finance go on to work in a variety of careers. Most people apply their degree knowledge directly, entering roles in insurance, banking and accounting. Others transfer skills gained during study into sectors such as marketing or law.
The national 2015 destination survey confirmed that 92% of graduates for the School of Economics and Finance were in employment and/or study six months after graduation, with 91% of these individuals working/studying at graduate level. School of Economics and Finance graduates have a strong earning power, with a median salary of £23,157.
The broad range of skills gained through this course, coupled with multiple opportunities for extra- curricular activities and work experience, has enabled students to move into a variety of careers.
Roles that graduates from this School have obtained include:
- Actuary - Friends Providence
- Assistant Tax Adviser - Ernst and Young
- Data Analyst - Investment Property Databank
- Quality Assurance Assessor - National Archives
- Sales Graduate Trainee - Thomson Reuters
- Trainee Chartered Accountant - Hayes Macintyre
- Trainee Chartered Accountant -Lubbock Fine
- Trey Support Assistant - UBS Warburg
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 70 employer events to facilitate networks and help students to explore their options.
The School of Economics and Finance has a weekly programme of in-school workshops and events led by the School’s Careers Consultant. These include events such as Meet the Alumni, a mentoring programmes with RBS and access to weekly 1-2-1 appointments with the Careers Consultant to get support with work experience and job applications. There is also a 3 week Focus on Finance programme with workshops on economics in industry and government, working in insurance, investment banking, consulting and accounting, and featuring employers such as KPMG and Bloomberg as well as accountancy training providers.
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.
Name: Ammar Mahmood
Studied: BScEcon Economics (graduated 2011)
“I always wanted to study in London, and Queen Mary offered an excellent choice of courses, as well as a campus style experience right here in the heart of the city. My course is flexible and has put me in charge of what I would like to specialise in, as well as leading to a world-renowned qualification.
“The staff are incredibly helpful, and the academic and study facilities are superb. There is never any shortage of workstations which are dotted all around the campus, and the online student services are comprehensive and easy to use.
“The social life at Queen Mary is great with the Students’ Union putting on some sensational nights at the Drapers’ bar on campus, as well as at Fabric and the Ministry of Sound nightclubs in central London. My personal hangout place of choice has to be the Hive (a study area next to the Library). It is newly refurbished with comfy sofas and computers, and there are no restrictions on talking to your mates like in the Library. Now that there are vending machines in there I never have to leave!
“I have been involved with the Queen Mary Economics Society and I also participate in the staff vs students fortnightly football match. Being part of the Economics Society puts me at the forefront of organising extra-curricular events and activities for other students, something I very much enjoy.”
Name: Sophia Vi Vi Dinh
Studied: BSc in Economics and Finance (graduated 2009); MSc Finance and Investment (graduated 2010)
Currently: Corporate Finance Analyst, RBS
How did you find out about your current job?
Grad fairs and online. Most companies have all the information that you’ll need to know about the organisation and their requirements on their graduate careers website. I started with a 10- week summer internship and then was offered a graduate position for the following year. Internships are often the best way for a company to assess if you are a promising candidate for a permanent position.
How did your time at Queen Mary prepare you for work?
It is true that there is a lot of on-the-job training. But Queen Mary prepared me by providing me with a strong grasp of the concepts of corporate finance and financial accounting. Many of the modules also require you to undertake practical projects and presentations, lifting your heads out of the books. This has helped me to apply my understanding of economic theories in practice.
Eve ConnorBSc Economics
Why did you choose to study at Queen Mary?
“I chose Queen Mary for three reasons. Firstly, the location of the university is perfect: it's set in the heart of east London, and with views of the City and Canary Wharf I get daily reminders of my gap year. It also puts those early morning walks to lectures into perspective! Secondly, the economics department at Queen Mary is renowned for excellent teaching. Thirdly, I wanted to experience the campus environment but still be in London.
How did you find your academic and social experience at QMUL?
“Since being at university I can only say that my expectations have been exceeded. Not only is the teaching creative and engaging, but the lecturers are approachable and extremely helpful. There is also a wealth of information and support available to you, including the recently refurbished library and the excellent careers events that frequently involve guest speakers and networking opportunities.
“There is a very strong community within the department that makes it easy to settle into university life. As a course representative I can attest to the opportunities to get involved within the department and provide your opinion about your course.”