Financial Mathematics

Entry Year: 2020

4 study options

Financial Mathematics MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
4 years
Start
September 2020
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
UK/EU fees
£9,250
International fees
£18,000
Funding information
Paying your fees

Mathematics with Foundation BSc (Hons)

Key information

Degree
BSc (Hons)
Duration
4 years
Start
September 2020
UCAS code
GGX2
Institution code
Q50
Typical A-Level offer
Grades BCC at A-Level. This must include A-Level Mathematics.
Full entry requirements
UK/EU fees
£9,250
International fees
£18,750
Funding information
Paying your fees

Financial Mathematics with Professional Placement MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
5 years
Start
September 2020
UCAS code
GN2H
Institution code
Q50
Typical A-Level offer
Grades AAA at A-Level. This must include A-Level Mathematics. Excludes General Studies.
Full entry requirements
UK/EU fees
£9,250*
International fees
£17,250*

*These fees are for the 2019-20 academic year and are provided as a guideline. Fees for 2020-21 have not yet been set.

Financial Mathematics with Year Abroad MSci (Hons)

Key information

Degree
MSci (Hons)
Duration
5 years
Start
September 2020
UCAS code
GNHY
Institution code
Q50
Typical A-Level offer
Grades AAA at A-Level. This must include A-Level Mathematics. Excludes General Studies.
Full entry requirements
UK/EU fees
£9,250*
International fees
£17,250*

*These fees are for the 2019-20 academic year and are provided as a guideline. Fees for 2020-21 have not yet been set.

Financial Mathematics
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Overview

Combine key areas of pure and applied mathematics with more specialist knowledge of financial mathematics, numerical methods and computing.

Our Financial Mathematics MSci is ideal for students planning a career in the more quantitative areas of finance and banking, and for those wanting to undertake academic research.

In your first year you’ll take modules that will give you a foundation in all the core areas of mathematics and statistics, and gain practical data analysis skills. In later years you’ll have the opportunity to study modules across financial and actuarial mathematics, statistical modelling, financial management, programming and more.

In your final year you’ll take advanced modules and develop your research skills by completing an individual project in contemporary mathematical finance. Projects are supervised by one of the School’s academics, many of whom have industry experience in mathematical finance.

Undergraduate Open Days

Friday 26 and Saturday 27 June 2020

Find out what life at Queen Mary is really like.

Register now

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

  • Calculus I and II
  • Computing and Data Analysis with Excel
  • Economics for Business
  • Essential Mathematical Skills
  • Introduction to Probability
  • Numbers, Sets and Functions
  • Probability and Statistics I
  • Vectors and Matrices

Please note that all modules are subject to change.

Year 2

Compulsory

  • Applied Linear Algebra
  • Differential Equations
  • Probability and Statistics II
  • Statistical Modelling I

Choose one from

  • Actuarial Mathematics I
  • Financial Institutions
  • Professional Skills and Data Analysis with SAS

 

Choose three from

  • Actuarial Mathematics II
  • Complex Variables
  • Introduction to Algebra
  • Introduction to Computer Programming
  • Linear Programming and Games
  • Statistics for Insurance

Please note that all modules are subject to change.

Year 3

Compulsory

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

Choose one from

  • Bayesian Statistical Methods
  • Convergence and Continuity
  • Financial Management
  • Statistical Modelling II

Choose one from

  • Differential and Integral Analysis
  • Introduction to Machine Learning
  • Metric Spaces and Topology
  • Time Series

Please note that all modules are subject to change.

Year 4

  • Advanced Computing in Finance
  • Advanced Portfolio Theory and Risk Management
  • Foundations of Mathematical Modelling
  • MSci Financial Mathematics Project
  • Programming in C++ for Finance
  • Stochastic Calculus and Black-Scholes Theory
  • 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.

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 is investing £18m to create an inspiring, collaborative space for our community of students and staff, due for completion in April 2019. The building will include high-quality teaching rooms, private and group study areas and a new social hub.

Entry requirements

Financial Mathematics - MSci (Hons)

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.
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 admissionsWe 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.

Mathematics with Foundation - BSc (Hons)

A-LevelGrades BCC at A-Level. This must include A-Level Mathematics.
IBInternational Baccalaureate Diploma with a minimum of 28 points overall, including 5,4,4 from three Higher Level subjects. This must include Mathematics at Higher Level.
BTECSee our detailed subject and grade requirements
Access HEAccess qualifications are not considered for entry to this programme.
GCSEMinimum five GCSE passes including English at grade C or 4 and Maths at grade B or 5.

Financial Mathematics with Professional Placement - MSci (Hons)

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.
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 admissionsWe 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.

Financial Mathematics with Year Abroad - MSci (Hons)

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.
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 admissionsWe 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.

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.

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:

  • Cancer Research
  • Deloitte
  • Direct Line
  • Grant Thornton
  • HMRC
  • 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.

Unistats data for these courses

  • Financial Mathematics - MSci (Hons)

  • Financial Mathematics with Professional Placement - MSci (Hons)

  • Financial Mathematics with Year Abroad - MSci (Hons)

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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