Financial Mathematics, BSc (Hons)

Heriot-Watt University, the United Kingdom

Study options for this course

The award	How you will study	Study duration	Course start	Domestic course fees	International course fees
BSc (Hons)	Full-time	4 years	September	GBP 9250	GBP 14200

About Financial Mathematics, BSc (Hons) - at Heriot-Watt University

The Course

If you are looking for a career that offers the best pay of all the professions (and without the need to take postgraduate qualifications) and have an interest in science or engineering, then Financial Mathematics is the degree for you.Just as civil engineering deals with the design, construction and maintenance of buildings and roads, financial mathematics is concerned with the design, construction and maintenance of financial products.An explosion in the market of financial mathematicians occurred after the 1987 crash. Following the recent turmoil in the financial markets, investment banks are already planning to recruit more properly skilled mathematicians.

Teaching excellence and student satisfaction

93% of our 2017 graduates reported in the National Student Survey that they were satisfied overall with their course.

What Financial Mathematicians do

They manage financial risk and design new financial products
They are experts in deciding which assets to choose to fit the investment needs of their clients
They do this by analysing the past and modelling the future
They apply financial mathematics, probability, statistics, economics, and finance to solve problems in banking and investment

Read a press article about us in the Herald.

A feel for the work of financial mathematicians can be gained from the following websites:

London Stock Exchange
Eurex
Liffe
Chicago Board Options Exchange

Employability

Work and study

This is what our BSc (Hons) Financial Mathematics students are doing six months after graduating:

62% are working
20% are studying
8% are working and studying.

Managerial/professional position

80% of those working are in a professional/managerial position six months after graduating.

Salary

The average salary of students six months after graduating: £26000
The average UK salary of students six months after graduating from a similar course: £23000

Jobs

These are the most common jobs students go into six months after graduating:

Business, research and administrative professionals
Business and public service associate professionals
Information technology and telecommunications professionals .
Sales occupations
Elementary occupations
Skilled trades occupations
Teaching and educational professionals
Science, engineering and technology associate professionals

Notes about fees for this course

Status*Scotland / EU**England / Northern Ireland / WalesInternationalFeePaid by SAAS£9,250£14,200

* Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.

** European Union countries, not including England, Northern Ireland or Wales.

Scholarships and bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales starting undergraduate degree courses in 2018

In addition to government maintenance loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible students from England, Northern Ireland or Wales:

Heriot-Watt University Bursary (up to £3,100 per year)
Heriot-Watt Academic Scholarship (£1,000 per year)

View our full range of undergraduate scholarships.

Entry requirements

Year 1

Highers AAAB including Mathematics at A
A-Levels AAB including Mathematics at A
Int. Baccalaureate 28 points with higher level Mathematics at 6
BTEC Extended Diploma (QCF) Level 3 at DDD including sufficient Mathematics

Year 2

A-Levels AAA including Mathematics
Advanced Highers AAB Including Mathematics at A plus excellent Highers or Scottish Baccalaureate
Int. Baccalaureate 30 points with higher level Mathematics at 7
BTEC Extended Diploma (QCF) Level 3 at DDD including sufficient Mathematics

Additional information

To find out about the difference between the 3 and 4 year honours programmes, please watch our video to help you decide which route is best for your qualifications and experience so far.
We also accept the BTEC Subsidiary Diploma (QCF) at D in place of one A-Level, however it cannot replace a subject specific requirement unless relevant.
English language requirements - If your first language is not English, it is important that you gain an acceptable language qualification before joining our undergraduate programmes. The minimum requirement for English language for all our undergraduate Actuarial Mathematics and Statistics programmes is IELTS 6.5. We also offer a range of English language courses to help you meet the English language requirement prior to starting your undergraduate programme.

Courses you may be interested in at other institutions

Below are some suggested courses at other providers that you may also be interested in:

Business and Law MA

The University of Edinburgh Business School, University of Edinburgh

Financial Mathematics, BSc (Hons)

Study options for this course

About Financial Mathematics, BSc (Hons) - at Heriot-Watt University

Notes about fees for this course

Entry requirements

Courses you may be interested in at other institutions

Foundation and Pathway Courses at other institutions

Other courses at Heriot-Watt University

Related Information