Financial Mathematics (BSc)

Brunel University London the United Kingdom

For more information about Financial Mathematics at Brunel University London, please visit the webpage using the button above.

The award
BSc

How long you will study
3 years

Domestic course fees
GBP 3290

How you will study
full-time

Course starts
September

International course fees
GBP 9750

All study options

About Financial Mathematics at Brunel University London

This course is aimed at committed maths students who are interested in a career in the fast moving world of finance or commerce. You will gain the techniques needed to develop a mathematical and statistical knowledge and also have a good awareness of financial institutions, markets and their workings.

Entry Requirements

- BSc UCAS Tariff - 320 points, from: GCE A and AS-level Tariff points typically from 3 A-levels together with either 1 AS-level or Extended Project Qualification (typical offer BBC, normally including Grade B in Mathematics, plus a C in either an AS or EPQ). General Studies/Critical Thinking accepted. Irish Tariff points from 5 subjects including Grade B in Mathematics.

- Scottish Tariff points from 3 Advanced Highers, including Grade B in Mathematics, plus 1 Higher.

- Advanced Diploma Tariff points in Engineering, IT or Business, Administration and Finance, including A-level Mathematics at Grade B for Additional and Specialist Learning.

- BTEC ND DDM in a related subject, including a Distinction in Mathematics.

- IB Diploma 32 points, including 6 points in Higher Mathematics.

- Access: Depending on their mathematical background, applicants will normally be expected to take a foundation yearhttp://www.brunel.ac.uk/courses/ug/cdata/f/FoundationsofInformationTechnology. For all of the above, 5 GCSEs or equivalent at Grade C or above are also required, to include English and Mathematics.

- MMath UCAS Tariff - 360 points, from: GCE A and AS-level Tariff points from 3 A-levels plus 1 AS-level or Extended Project Qualification, including Grade A in A-level Mathematics or Further Mathematics (General Studies/Critical Thinking accepted).

- Irish Tariff points from 5 subjects including Grade A in Mathematics.

- Scottish Tariff points from 3 Advanced Highers, including Grade A in Mathematics, plus 1 Higher.

- Advanced Diploma Applicants should apply for the BSc in Mathematics. Those who obtain high enough grades can transfer to MMath at the end of Year 2.

- IBDP 33 points, including 6 points in Higher Mathematics.

- BTEC ND DDD. Applicants should apply for the BSc in Mathematics. Those who obtain high enough grades can transfer to MMath at the end of Year 2.

- Access Depending on their mathematical background, applicants will normally be expected to take a foundation yearhttp://www.brunel.ac.uk/courses/ug/cdata/f/FoundationsofInformationTechnology. For all of the above, 5 GCSEs or equivalent at Grade C or above are also required, to include English and Mathematics. For all other qualifications or combinations, contact the Admissions Tutor.

Course Aims

Mathematics is a fundamental yet constantly developing subject. As well as being a discipline in its own right, it forms the basis of modern commercial, industrial and technological activities. Mathematical models underpin engineering, the applied sciences, computing and many aspects of management today. A student of mathematics develops an outlook and methodology that remain valuable whatever career is pursued after graduation. This course is aimed at committed maths students who are interested in a career in the fast moving world of finance or commerce. You will gain the techniques needed to develop a mathematical and statistical knowledge and also have a good awareness of financial institutions, markets and their workings.

Course Content

All our courses aim to provide you with the skills and techniques needed to develop a mathematical and statistical knowledge, and with an understanding of how these can be applied to the formulation and solution of problems from science, technology, business and other areas. The course also includes a substantial component on finance including the workings of financial markets and corporate investment and finance.

Typical Modules Level 1

Linear Algebra Calculus and Numerical Methods Discrete Mathematics, Probability and Statistics Financial Markets Introduction to Financial Accounting

Level 2

Linear and Numerical Methods Communication Skills and Operational Research Statistics Algebra and Discrete Mathematics Corporate Finance Corporate Investment

Level 3 Core

Major Project Stochastic Models and Mathematical Finance Risk and Optimisation in Finance Financial Engineering

Level 3 Options

Statistics Differential and Integral Equations Numerical and Variational Methods for PDEs

Final year project

An unusual and very valuable feature of the course is the final year project. This is a substantial piece of individual work in an area of study connected with the course, and each student's project is personally supervised by a member of staff. The work on the project occupies about one-third of the final year study load. You will have the opportunity to explore a topic of particular interest to you in depth or work on a practical problem of your choice.The decision is yours.

MMath

For information about the content of this course, see the BSc route description. In addition to the BSc content and structure, you will study for a further year (Level 4) bringing your degree up to Master’s standard. The programme involves a highly integrated, logical progression from BSc to Master’s level, and graduates can expect to enter roles requiring a higher level of mathematical skill and understanding, whether in employment (finance, commerce or industry) or in postgraduate research.

Level 4

Advanced Project Risk, Simulation and Decision Analysis Stochastic Models and Mathematical Finance Numerical Methods for Risk and Finance Stochastic PDEs and Itô’s Calculus Risk Management and Regulation

Teaching and Learning Up-to-date teaching

Mathematical Sciences is an active and dynamic research centre. Academics' work is frequently supported by external grants and contracts with leading industry and government establishments. Lecturers are consequently at the frontiers of the subject and in active contact with modern users of mathematics. This in turn helps to ensure that our undergraduate degrees are truly up-to-date.

Broad spectrum of thinking

We can offer a wide range of expertise in a variety of subjects. All of our lecturers are widely published and highly recognised in their fields.

How will I be taught?

Lectures - These provide a broad overview of key concepts and ideas. They give you a framework from which to carry out more in-depth study.

Tutorials - In a tutorial you will work on a mathematics-related problem with guidance from a member of staff. He/she will be on hand to help you with your problems. Some tutorials in numerical analysis and statistics are replaced by computer workshops.

One-to-one - In your final year you will normally get one-to-one supervision for your project. You will also be allocated a personal tutor who is available to discuss personal or academic problems. If you go on placement your personal tutor will help you set objectives and monitor your progress, and will provide further support if you need it.

Assessment

The ratio of exams to coursework is approximately 50:50 in Level 1, increasing to 70:30 in Level 3. Your final degree class is assessed from your performance in Levels 2 and 3. Level 3 carries twice the weight of Level 2.

Careers

Our graduates have excellent employment prospects. Our combination of work experience and up-to-date teaching means that you will be well equipped to follow the career you want after graduation. Our students often command higher salaries and have quicker career progression than those with comparable qualifications. The combination of financial deregulation, increased globalisation and technological advance in recent years has led to a huge increase in the nature and volume of financial derivatives contracts traded around the world. This, together with the fundamental mathematical work of Markowitz, Black and Scholes and by Merton (Nobel Prize in Economics in 1997) on the application of stochastic analysis to option pricing, has led to a massive demand within financial institutions for mathematically trained graduates with an awareness of markets and their workings.

Past students

Are now working for: Andersen Consulting, British Aerospace, British Airways, British Gas, British Telecom, Brooke Bond, the Civil Aviation Authority, Datalogic, Price Waterhouse Coopers, EDS, GKN, IBM, ICL, Kodak, KPMG, Marks and Spencer, Metal Box, Nissan, Plessey, Pfizer, Rank Xerox. They have gone on to teach, work in research organisations, work for the government - in specialist or general management roles. Many are in very senior positions, some become management or financial consultants, marketing or advertising professionals, officers in the armed services and so on...

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardBScHow you will studyFull-timeHow long you will study3 years
    Course startsSeptemberDomestic course feesGBP 3290International course feesGBP 9750
  • The awardBScHow you will studySandwichHow long you will study4 years
    Course startsSeptemberDomestic course feesGBP 3290International course feesGBP 9750
  • The awardMMathHow you will studyFull-timeHow long you will study4 years
    Course startsSeptemberDomestic course feesGBP 3290International course feesGBP 9750
  • The awardMMathHow you will studySandwichHow long you will study5 years
    Course startsSeptemberDomestic course feesGBP 3290International course feesGBP 9750

Entry requirements for this course

Contact Brunel University London to find course entry requirements.

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