BSc

Financial Mathematics

Key Facts

G1N3

  • UCAS Tariff

    120 - 104

  • Course Length

    3 Year

Further details on entry requirements

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At Aberystwyth University, our bespoke Financial Mathematics degree will prepare you for work or professional study in the financial sector. Established in response to the demand from employers in the financial sector for graduates with an understanding of mathematics, you will be taught core mathematical skills, including algebra, calculus and statistics, along with specialist mathematical techniques in a financial context, for example, in stochastic modelling of the stock market. During your degree you will acquire a solid understanding of the principles of economics and of financial accounting and management.

This degree is accredited by the IMA (Institute for Mathematics and its Applications), the UK's learned and professional society for mathematics, directly contributing to your recognition as a Chartered Mathematician.

Student Satisfaction and Employability Results

92% overall satisfaction for the Department of Mathematics (NSS 2020).

2nd in the UK for Teaching Quality for the subject of Mathematics, and 5th in UK for Student Experience (The Times and Sunday Times Good University Guide 2019)

96% of our graduates were in work or further study within 6 months, 4% more than Mathematical Science graduates nationally (HESA 2018*)

Overview

Why Study Financial Mathematics at Aberystwyth University?

  • You will explore a discipline that is both intellectually demanding and vocationally useful, giving you skills that are applicable to a wide range of career choices. 
  • You will study under experts in a wide range of disciplines. Our lecturers are committed teachers; some come from a professional background, grounding your study in a proper professional context, and many are active researchers, expanding the boundaries of knowledge.
  • This degree is accredited by the IMA (Institute for Mathematics and its Applications), the UK’s learned and professional society for mathematics, directly contributing to your recognition as a Chartered Mathematician.
  • 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.
Our Staff

All lecturers in the Department of Mathematics are qualified to PhD level and are research active. The majority have a postgraduate teaching qualification and new staff are required to complete the PGCTHE. The department also employs a number of part time tutors, with extensive teaching experience, and some student demonstrators, who are selected from our undergraduate and postgraduate students.

Modules

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.

Core

Module Name Module Code Credit Value
Accounting and Finance for Specialists AB11220 20
Fundamentals of Accounting and Finance AB11120 20
Algebra * MA10510 10
Calculus * MP10610 10
Differential Equations * MA11210 10
Further Algebra and Calculus * MP11010 10
Mathematical Analysis * MA11110 10
Probability * MA10310 10
Statistics * MA11310 10

Options

Module Name Module Code Credit Value
Career Planning and Skills Development * MP12910 10
Coordinate and Vector Geometry * MA10110 10

Core

Module Name Module Code Credit Value
Applied Statistics MA26620 20
Corporate Finance and Financial Markets AB21420 20
Distributions and Estimation MA26010 10
Intermediate Management Accounting AB21220 20
Introduction to Numerical Analysis and its applications * MA25220 20
Linear Algebra * MA21410 10

Options

Module Name Module Code Credit Value
Complex Analysis * MA21510 10
Introduction to Abstract Algebra MA20310 10
Real Analysis * MA20110 10

Core

Module Name Module Code Credit Value
Advanced Econometrics EC32020 20
Financial Accounting 2 AC32900
Investments and Financial Instruments AC30400
Probability and Stochastic Processes MA37410 10
Stochastic Models in Finance MA37810 10

Options

Module Name Module Code Credit Value
Comparative Statistical Inference MA36010 10
Graphs and Networks * MA32410 10
Linear Statistical Models * MA36510 10
Norms and Differential Equations * MA30210 10
Partial Differential Equations * MA34110 10
Advanced Financial Accounting AB31120 20
The Role and Practice of Auditing AB31620 20

* Also available partially or entirely through the medium of Welsh

Employability

What can I do with a degree in Financial Mathematics?

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. Our graduates have found employment in the accountancy, banking, risk analysis, actuarial work, financial management and investment analysis.

What opportunities are there at University for me?

Employability is embedded across all of our teaching. 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
  • 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.

Click here to find out about the various opportunities that our Aberystwyth University Careers team offer. 

Enhance your employability prospects with GO Wales and YES (Year in Employment Scheme) managed by our Careers department. 

Learning & Teaching

What will I learn?

The breakdown below will provide you with an illustration of what you may study during the three year degree scheme.

In your first year you will study:

  • algebra and calculus
  • differential equations and mathematical analysis
  • probability and statistics
  • the principles of economics and financial accounting

In your second and third years you will be able to choose modules from a wide range of options including:

  • econometrics and investment analysis
  • pure and applied statistics and stochastic methods

How will I be taught?

  • This degree is delivered through a combination of lectures, tutorials and practicals.
  • You will be assessed through a combination of coursework, presentations, reports and examinations.
  • 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

Typical Entry Requirements

UCAS Tariff 120 - 104

A Levels BBB-BCC to include B in Mathematics

GCSE requirements (minimum grade C/4):
English or Welsh and Mathematics

BTEC National Diploma:
DMM-DDM with B in A level Mathematics

International Baccalaureate:
30-28 with 5 points in Mathematics at Higher Level

European Baccalaureate:
75%-65% overall with 7 in Mathematics

The University welcomes applications from students studying the Access to Higher Education Diploma. Our inclusive admissions policy values breadth as well as depth of study. Applicants are selected on their own individual merits, and offers can vary. If you are studying a qualification not listed on this page, please get in touch with the Undergraduate Admissions Office for further advice. Details about the country-specific qualifications the University accepts can be found on our country-specific pages. For further information, contact ug-admissions@aber.ac.uk

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