BSc Financial Mathematics

BSc Financial Mathematics students in a lecture writing notes

In choosing to study this Financial Mathematics Degree you'll uncover a fascinating and challenging discipline. Mathematics is fundamentally important to modern society, contributing in numerous facets of life. With the essential core modules and a great choice of elective specialities you'll be taught in lectures and problem-solving classes and have great access to your tutors and work in classes with good staff/student ratios. Graduates with Mathematics degrees are in significant demand across many industries that include science, engineering, technology and finance. Expand the sections below to discover more...

Overview

The Financial Mathematics degree course was established in response to the increasing demand from employers in the financial sector for graduates with an understanding of mathematics. The mathematical core of the degree will teach you the key skills of algebra, calculus and geometry. In addition, you will study mathematics in a financial context, and gain a solid understanding of the principles of economics, and of financial accounting and management. The material studied on the course is both intellectually demanding and vocationally viable, and you will find that the skills you acquire are applicable to a wide range of career choices. 

At Aberystwyth, you will study under experts in a wide range of disciplines. Our accounting lectures have a professional background, grounding your study in a proper professional context. Accounting, mathematics and economics lecturers are all active researchers, ensuring that you are taught by staff who have studied, and often contributed to, the most up-to-date research. 

Why study Mathematics at Aberystwyth?

Mathematics has been taught at Aberystwyth since the foundation of the university in 1872, making it the oldest Mathematics department in Wales. Over the last 140 years we’ve been perfecting the degree schemes we offer you to ensure that you get the best Mathematics degree you possibly can.

Our Mathematics courses are accredited by the Institute for Mathematics and its Applications (IMA), the UK’s learned and professional society for mathematics and its applications. The IMA exists to support the advancement of mathematical knowledge and its applications and to promote and enhance mathematical culture in the United Kingdom and elsewhere, for the public good.

The Department of Mathematics maintained its position as one of the best departments in Wales in the most recent Research Excellence Framework (REF2014). The department returned almost 90% of our staff, the highest proportion of any Welsh mathematics department. Results show that 1 in 8 of our research outputs are world leading, and more than 60% are either world leading or internationally excellent. All of our research and the impact it has outside universities, was judged to be of international standard.

100% of our 2014 Maths graduates were in employment or further study 6 months after graduating. 71% were in professional work or graduate level education, above the UK average for the subject (DLHE 2014). This reflects our investment in innovative and strategic, student-focused employability initiatives which encompass all our academic institutes and which we firmly believe are likely to improve our employability ratings still further.

The 2015 National Student Satisfaction survey results show high levels of satisfaction amongst Mathematics and Statistics students, with 84% reporting satisfaction with the quality of the teaching they received, and 92% satisfaction with learning resources (5 points above the UK average for the subject).

The Department also offers a number of modules taught entirely or partially through the medium of Welsh. Further details may be obtained from the Department.

Course Content

Welsh medium modules available

Please note: The modules listed below are those currently intended for delivery during the next academic year and may be subject to change. They are included here to give an indication of how the course is structured.

Year 1 Core (120 Credits) The following are core modules

Semester 1

Financial Accounting 1 AC11000

Economic Principles 1 EC10510

Probability MA10310

Algebra MA10510

Calculus MA10610

Semester 2

Introduction To Financial Management AC10710

Financial Accounting 1 AC11020

Economic Principles 2 EC10610

Further Algebra And Calculus MA11010

Mathematical Analysis MA11110

Differential Equations MA11210

Statistics MA11310

Year 1 Options Welsh medium alternative modules

Semester 1

Tebygoleg MT10310

Algebra MT10510

Calcwlws MT10610

Semester 2

Algebra A Chalcwlws Pellach MT11010

Dadansoddi Mathemategol MT11110

Hafaliadau Differol MT11210

Ystadegaeth MT11310

Year 2 Core (90 Credits) Year 2 - the following modules are core

Semester 1

Corporate Finance And Financial Markets AC30500

Introduction To Econometrics EC30900

Distributions And Estimation MA26010

Statistical Methods MA26510

Semester 2

Corporate Finance And Financial Markets AC30520

Introduction To Econometrics EC30920

Linear Algebra MA21410

Introduction To Numerical Analysis MA25110

Regression And Anova MA27210

Year 2 Options Students must choose three of the following modules (MA37210/MA38110 available in alternate years)

Semester 1

Real Analysis MA20110

Time Series Analysis MA37210

Semester 2

Complex Analysis MA21510

Theory And Practice Of Sampling MA27510

Year 2 Options Welsh medium alternative modules

Semester 1

Dadansoddiad Real MT20110

Semester 2

Algebra Llinol MT21410

Cyflwyniad I Ddadansoddiad Rhifiadol MT25110

Final Year Core (80 Credits) Year 3 - the following modules are core

Semester 1

Investments And Financial Instruments AC30400

Financial Accounting 2 AC32900

Advanced Econometrics EC32020

Probability And Stochastic Processes MA37410

Semester 2

Investments And Financial Instruments AC30420

Financial Accounting 2 AC32920

Stochastic Models In Finance MA37810

Final Year Options Students should choose at least 40 credits from the following (MA37210/MA38110 available in alternate years)

Semester 1

Norms And Differential Equations MA30210

Partial Differential Equations MA34110

Linear Statistical Models MA36510

Time Series Analysis MA37210

Semester 2

Graphs And Networks MA32410

Linear Programming MA33110

Comparative Statistical Inference MA36010

Final Year Electives 20 credits subject to Timetable and approval by Degree Scheme Coordinator. These may include further Maths modules

Employability

Career Prospects

A degree in Financial Mathematics will put you in a position to fulfil an increasing demand in the financial sector for graduates with a solid understanding of mathematics. In addition, during your time at Aberystwyth you will be given a number of opportunities to enhance your employability or gain valuable work experience. 

Transferable Skills

Studying for a degree in Financial Mathematics will equip you with a range of transferable skills which are highly valued by employers. These include:

• research and data analysis skills
• enhanced mathematical and computational skills
• effective problem-solving and creative thinking skills
• the facility to deal with abstract concepts
• a thorough grounding in information technology skills
• the ability to work independently
• time-management and organisational skills, including the ability to meet deadlines
• the ability to express ideas and communicate information in a clear and structured manner, in both written and oral form
• self-motivation and self-reliance
• team-working, with the ability to discuss concepts in groups, accommodating different ideas and reaching agreement

Year in Employment scheme (YES)

The University operates a Year in Employment Scheme (YES), which offers you a fantastic opportunity to take a year out between your second and third year to work in an organisation in the UK or overseas. YES provides a very rewarding and worthwhile experience, both personally and professionally, and can help you to stand out from the crowd in a very competitive job market. The University’s Career Service will help you to explore your options and secure a suitable work placement.

GO Wales

GO Wales is administered by the University’s Career Service, working with local businesses to create paid work placements of a few weeks’ duration for students. It gives you the opportunity to gain valuable work experience which will enhance your CV and make you more attractive to potential employers.

Personal Development Plan

You will also have the opportunity to complete a Personal Development Plan (PDP) at Aberystwyth. This is a structured process of self-appraisal, reflection, and planning, which will enable you to chart your personal, academic and professional development throughout your time at university. By recording your academic performance, and highlighting the skills you already have and those you will need for future employability, the PDP portfolio will equip you with the necessary tools to plan effectively, develop successful approaches to study, and consider your future career options and aspirations.

Teaching, Learning and Assessment

Teaching is delivered predominantly through lectures, supplemented by smaller tutorials. In some modules, additional help-lectures are available, and there is the option to study some mathematics modules in Welsh. The first year will introduce you to the theories and techniques of financial management, alongside some of the basic principles of economics, including the study of markets and the macro-economy. You will also gain proficiency in the use of accounting computer software, and the preparation of financial statements (income statements, balance sheets and cash flow statements, for example). 

First year mathematics modules will provide a grounding in probability, algebra, calculus and statistics, preparing you for the more advanced modules later in the degree. Part two of the degree introduces the study of investment analysis, portfolio selection and risk management, and other essential subjects in a high-quality finance degree. Your mathematical study will focus on areas such as real and complex analysis, distributions and estimation, and linear algebra. You will develop a broad and detailed understanding of mathematics, and learn to apply that knowledge to matters of financial management and accounting. 

In the final year, you will cover topics such as capital structure, dividend policy, leasing and working capital management, and have the opportunity to study mathematics specifically in relation to financial management. The university aims to provide the highest quality teaching in a friendly, relaxed environment. In order to achieve this, you will be assigned a personal tutor throughout your time in Aberystwyth, who will be there to help you should you have any difficulties with the degree or with life in Aberystwyth.

Your personal tutor

You will be assigned a personal tutor throughout your degree course, who will help you with any problems or queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.

Student Views

There is never a boring topic and it goes much deeper into mathematics than I was expecting. There are so many different modules to choose from that you will always find something to interest you. The lecturers are always willing to help. Elin Wyn Hughes

Financial Mathematics is a great course with really friendly and approachable lecturers. The content is always really interesting, but challenging to the right extent. The whole department works effectively to offer all the facilities needed to gain a good degree. Jennifer O'Neil

Key Information Set

Places available in Clearing

0800 121 40 80 (Freephone)

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Key Facts

UCAS Code: G1N3

Please note that the tariff below may not apply during Clearing. Contact us on 0800 121 40 80 or fill in the form above for more information.

Tariff Required: 280 - 320

Entry Requirements: Grade B in A level Mathematics for higher points offer or grade A for lower points offer. GCSE: Grade C in English or Welsh. Grade C in Mathematics.

Course Length: 3 Years