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Financial Mathematics

Entry Year: 2024

3 study options

Financial Mathematics MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
4 years
Start
September 2024
UCAS code
GN1H
Institution code
Q50
Typical A-Level offer
Grades AAA at A-Level. This must include A-Level Mathematics. Excludes General Studies.
Full entry requirements (including contextual admissions)
Home fees
£9,250
Overseas fees
£26,350
Funding information
Paying your fees

Financial Mathematics with Professional Placement MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
5 years
Start
September 2024
UCAS code
GN2H
Institution code
Q50
Home fees
£9,250
Overseas fees
£26,350
Funding information
Paying your fees

Financial Mathematics with Year Abroad MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
5 years
Start
September 2024
UCAS code
GNHY
Institution code
Q50
Home fees
£9,250
Overseas fees
£26,350
Funding information
Paying your fees

Year abroad cost

Finances for studying abroad on exchange

View details

Overview

Unlock some of the most in-demand careers as you explore data interpretation and decision making in financial markets.

Interpreting data. Drawing conclusions. Making good decisions. Since the 2008 global financial market crash, the expertise of financial mathematicians has captured our attention and become vital to the success of many businesses in the face of uncertainty.  

Discover analytical models, procedures, and computational techniques as you build your toolkit of skills ready to jump right into an in-demand career. Risk management, investment banking, FinTech, hedge funds, data analysis – the graduate employment options are varied.  

Stand out from the crowd 

Learn from mathematical and financial experts with a huge amount of experience – from investment banking to being chief editor of JPhys Complexity. You can even gain new mathematical insights from our seven research groups including the impact of statistics and data science in the world today, and much more. 

You’ll also have the opportunity to apply for a year abroad to enhance your study experience from one of our 30 partner institutions across 12 countries, including Australia, Canada, and the US. And you’ll be able to take on the challenge of an individual research project in contemporary financial mathematics.  

Accessing our top facilities near London’s financial centre, you’ll be ideally located to benefit from exciting placement and graduate scheme opportunities. Plus, you’ll have a dedicated careers consultant offering 1:1 support with your applications. So, which industry will you make a difference in? 

Structure

You can complete your Financial Mathematics degree in four or five years. If you choose to do a professional placement or study abroad this will take place in Year 3, and you will return to Queen Mary to complete your final two years of study.

Year 1

  • Applied Calculus
  • Applied Probability & Statistics
  • Economics for Business Management
  • Fundamentals of Management 
  • Numbers, Sets and Functions
  • Vectors and Matrices

Please note that all modules are subject to change.

Year 2

Compulsory

  • Applied Linear Algebra
  • Differential Equations
  • Introduction to Computer Programming
  • Probability and Statistics II
  • Statistical Modelling I

Elective

  • Actuarial Mathematics I
  • Complex Variables
  • Introduction to Differential Geometry
  • Introduction to Finance 
  • Linear Programming and Games

 

Please note that all modules are subject to change.

Year 3

Compulsory

  • Financial Mathematics I
  • Financial Mathematics II
  • Mathematical Tools for Asset Management
  • Numerical Computing with C and C++
  • Partial Differential Equations
  • Random Processes

Elective

  • Bayesian Statistical Methods
  • Complex Networks
  • Financial Markets and Institutions
  • Introduction to Machine Learning
  • Statistical Modelling II
  • Time Series

Please note that all modules are subject to change.

Year 4

Compulsory

  • Advanced Computing in Finance
  • Advanced Derivatives Pricing and Risk Management
  • Continuous Time Models in Finance
  • Financial Instruments and Markets
  • Foundations of Mathematical Modelling in Finance
  • MSci Financial Mathematics Project

Elective

  • Programming in C++ for Finance
  • Topics in Probability and Stochastic Processes

 

 

 

 

 

Please note that all modules are subject to change.

Study options

Apply for this degree with any of the following options. Take care to use the correct UCAS code - it may not be possible to change your selection later.

Professional Placement

Apply for our Financial Mathematics MSci with Professional Placement to spend a year carrying out paid work in the financial sector as part of your degree. As well as helping you to stand out from the crowd and secure graduate employment, a placement is an excellent opportunity to develop your business skills and put your learning into context.

Year abroad

Go global and study abroad as part of your degree – apply for our Financial Mathematics MSci with a Year Abroad. Queen Mary has links with universities in Europe, North America, Asia and Australia (partnerships vary for each degree programme).

Find out more about study abroad opportunities at Queen Mary and what the progression requirements are. 

You can do either a year in a professional placement or a year abroad - you cannot combine these options.

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Testimonial

“I have always loved maths and at the same time wanted to work in banking so Financial Mathematics was a perfect course for me. I enjoyed the contents of the modules and getting involved with different societies.”

Ibrahim Darwich Ajjour, MSci Financial Mathematics, now undertaking a PhD in Mathematical Finance at Queen Mary University of London

Teaching

Teaching and learning

You’ll learn through lectures and tutorials, and in exercise classes where students work together on problems, discuss ideas and ask questions. Some modules have a practical element taught in one of our computer labs.

Formal teaching time typically takes up 16 hours each week. You’ll also be expected to complete additional hours of independent study.

Assessment

Most of your modules will be assessed by an examination worth at least 90 per cent of the year’s study, with the remainder covered by coursework and tests. All students on MSci programmes also complete a final-year project.

Resources and facilities

The School of Mathematical Sciences has invested £18m to create an inspiring, collaborative space for our community of students and staff. The building includes high-quality teaching rooms, private and group study areas and a new social hub.

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. We will consider either Mathematics: Applications and Interpretation or Mathematics: Analysis and Approaches at Higher Level.
BTECBTEC qualifications are not considered for entry to this programme.
Access HEWe consider applications from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline. The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher. Applications are considered on a case by case basis. Due to the high volume of applications, we do not make offers of study purely on the basis of meeting grade requirements.
GCSEMinimum five GCSE passes including English at grade C or 4.
Contextualised admissions

Our standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.

Our enhanced contextual offer (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.

More information on how this information is used for a contextual offer can be found on our contextualised admissions page.

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. We will consider either Mathematics: Applications and Interpretation or Mathematics: Analysis and Approaches at Higher Level.
BTECBTEC qualifications are not considered for entry to this programme.
Access HEWe consider applications from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline. The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher. Applications are considered on a case by case basis. Due to the high volume of applications, we do not make offers of study purely on the basis of meeting grade requirements.
GCSEMinimum five GCSE passes including English at grade C or 4.
Contextualised admissionsOur standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.

Our enhanced contextual offer (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.

More information on how this information is used for a contextual offer can be found on our contextualised admissions page.
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. We will consider either Mathematics: Applications and Interpretation or Mathematics: Analysis and Approaches at Higher Level.
BTECBTEC qualifications are not considered for entry to this programme.
Access HEWe consider applications from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline. The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher. Applications are considered on a case by case basis. Due to the high volume of applications, we do not make offers of study purely on the basis of meeting grade requirements.
GCSEMinimum five GCSE passes including English at grade C or 4.
Contextualised admissionsOur standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.

Our enhanced contextual offer (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.

More information on how this information is used for a contextual offer can be found on our contextualised admissions page.

Non-UK students

We accept a wide range of European and international qualifications in addition to A-levels, the International Baccalaureate and BTEC qualifications. Please visit International Admissions for full details.

If your qualifications are not accepted for direct entry onto this degree, consider applying for a foundation programme.

English language

Find out more about our English language entry requirements, including the types of test we accept and the scores needed for entry to the programme.

You may also be able to meet the English language requirement for your programme by joining a summer pre-sessional programme before starting your degree.

Further information

See our general undergraduate entry requirements.

Funding

Loans and grants

UK students accepted onto this course are eligible to apply for tuition fee and maintenance loans from Student Finance England or other government bodies.

Scholarships and bursaries

Queen Mary offers a generous package of scholarships and bursaries, which currently benefits around 50 per cent of our undergraduates.

Scholarships are available for home, EU and international students. Specific funding is also available for students from the local area. International students may be eligible for a fee reduction. We offer means-tested funding, as well as subject-specific funding for many degrees.

Find out what scholarships and bursaries are available to you.

Support from Queen Mary

We offer 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.

Take a look at our Student Advice Guides which cover ways to finance your degree, including:

  • additional sources of funding
  • planning your budget and cutting costs
  • part-time and vacation work
  • money for lone parents.

Careers

Many graduates apply their degree knowledge in the finance, accounting or actuarial professions. Others translate their skills into careers such as management consulting, marketing, engineering, teaching and the public sector.

Recent graduates of the School of Mathematical Sciences have been hired by:

  • Accenture
  • Bank of England
  • BNP Paribas
  • Deloitte
  • PWC
  • Civil Service
  • Direct Line
  • Dyson
  • FCA
  • Goldman Sachs
  • KPMG
  • Lloyds Banking Group
  • Natwest Markets
  • J.P Morgan
  • Santander

Career support

The School of Mathematical Sciences provides networking opportunities and runs events to help you identify potential career options. You can also gain certification in applications such as Microsoft Excel and SAS (Statistical Analysis Software). We have a dedicated careers consultant and an internships coordinator.

The Queen Mary careers team can also offer:

  • specialist advice on choosing a career path
  • support with finding work experience, internships and graduate jobs
  • feedback on CVs, cover letters and application forms
  • interview coaching.

Learn more about career support and development at Queen Mary.

Data for these courses

Financial Mathematics - MSci (Hons)

Financial Mathematics with Professional Placement - MSci (Hons)

Financial Mathematics with Year Abroad - MSci (Hons)

The Discover Uni dataset (formerly Unistats)

About the School

With over 60 academic staff passionate about mathematics, the School of Mathematical Sciences is an exciting place to be for those who share our love of mathematical discovery. We foster a thriving research culture and a supportive learning environment that puts the needs of our students first.

Our aim is to make your studies enjoyable, challenging and rewarding, and to provide you with every opportunity to build the knowledge and experience you need for future success.

Our active Mathematics Society organises social events, residential trips, talks and career events. We are also engaged in the wider community and regularly run interactive activities to encourage more students to take mathematics at A-level and degree level.

The School holds a department-level Athena SWAN Bronze award, which recognises and celebrates good employment practice for women working in mathematics and science education and research.

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