BSc in Financial Mathematics

Brunel University London, United Kingdom

bsc-in-financial-mathematics

Next enrollment cycle

September 2022

See all cycles

First Year Course Fee

USD 24,489

Course Accredited By

IMA

  • 3 Years
  • On Campus
  • Undergraduate
  • Degree
Mathematics is a fundamental subject that is critical to our understanding of the world. Through the study of mathematics you’ll advance your problem solving skills, develop your reasoning and increase your analytical thinking.
  • This is why mathematics forms a basis to so many careers. Yes – it is a discipline in its own right, but it is also the thinking behind countless commercial, industrial and technological activities. Mathematical models underpin engineering, the applied sciences, computing and many aspects of management today.
  • Follow the four-year ‘Professional Placement’ degree programme and you‘ll benefit from our extensive experience in helping students to find well-paid work placements with blue-chip companies. Our sandwich students find that their mathematical and transferable skills are in demand in many sectors, both in the UK and abroad.
  • Areas recently offering placements include: accountancy, aviation, banking, defence, finance, insurance, IT (software development, network management and design), management (public and private sector), marketing and telecommunications.
  • The Financial Mathematics BSc covers the application of mathematical methods to financial problems so if you’re looking to work in the fast-moving world of finance or commerce then this is the course for you. Two thirds of the course content focuses on developing your mathematical knowledge and skills. The rest of the course covers financial markets, corporate investment and finance.
  • This programme will meet the educational requirements of the Chartered Mathematician designation, awarded by the Institute of Mathematics and its Applications, when it is followed by subsequent training and experience in employment to obtain equivalent competences to those specified by the Quality Assurance Agency (QAA) for taught master's degrees.

Enrollment Cycles

  • September 2022

UK entry requirements

  • GCE A-level ABC, including grade A in Mathematics or Further Mathematics.
  • BTEC Level 3 Extended Diploma DDM, plus A-level Mathematics or Further Mathematics at Grade A.
  • BTEC Level 3 Diploma DM in any subject with an A-level Mathematics or Further Mathematics at grade A.
  • BTEC Level 3 Subsidiary Diploma D in any subject with A-levels grade AC including grade A in Mathematics or Further Mathematics.
  • International Baccalaureate Diploma 30 points, including 6 in Higher Level Mathematics. GCSE English equivalent SL 5 or HL 4
  • Obtain a minimum of 120 UCAS tariff points in the Access to HE Diploma with 45 credits at Level 3 and A-level in Mathematics or Further Mathematics grade A.

EU and International entry requirements

  • If you require a Tier 4 visa to study in the UK, you must prove knowledge of the English language so that we can issue you a Certificate of Acceptance for Study (CAS). To do this, you will need an IELTS for UKVI or Trinity SELT test pass gained from a test centre approved by UK Visas and Immigration (UKVI) and on the Secure English Language Testing (SELT) list. This must have been taken and passed within two years from the date the CAS is made.

English language requirements

  • IELTS: 6 (min 5.5 in all areas)
  • Pearson: 59 (59 in all sub scores)
  • BrunELT: 58% (min 55% in all areas)
  • TOEFL: 79 (min R18, L17, S20, W17)
  • Two thirds of your course will be shared with the BSc in Mathematics so much of your level one will cover the broad range of mathematics with the addition of specialist finance areas such as Financial Markets and an Introduction to Data Handing for Finance. At Brunel we aim to make your transition into the university style of learning as easy as possible. So in the first few weeks of Level 1 you’ll start your learning in small groups of about 20 students.
  • By Level 2 you’ll be learning through lectures, seminars and in computer labs, and an individual piece of course-work will account for one third of Level 3. You’ll be able to select from a large number of projects covering a wide range of mathematical areas and applications. Your project will be supervised by a staff member. You’ll emphasise real applications or abstract theories, using theoretical and/or computational tools. If you’ve completed a placement you will be able to choose a project associated with your work experience. Examples of project titles are:
  • The very famous ‘travelling salesman problem’ (also known as ‘the lazy waiter’!);
  • Simulations of iterated Prisoner’s Dilemma and game theory
  • The mathematics of complex networks such as the web or Facebook
  • Applications of statistics to the Premier League, police complaints data and climate change
  • You’ll also have the opportunity to study modern theories in quantitative finance, with particular emphasis on the maths and computation underlying the powerful and influential financial derivatives (e.g. options) industry. Often termed the ‘Black-Scholes theory’, this is famous for winning its discoverers a Nobel prize, as well as for its misapplication often being blamed (rightly or wrongly) for the current worldwide financial crisis.
  • This course can be studied 3 years full-time or 4 years full-time with placement, starting in September.

Year 1
Compulsory

  • MA1611 - Calculus
  • MA1612 - Fundamentals of Mathematics
  • MA1620 - Linear Algebra
  • MA1664 - Elements of Applied Mathematics
  • MA1670 - Probability and Statistics I
  • MA1691 - Programming and Mathematical Projects

Year 2
Compulsory

  • MA2612 - Multivariable Calculus
  • MA2647 - Mathematics of Deep Learning
  • MA2668 - Elements of Investment Mathematics
  • MA2670 - Probability and Statistics II
  • MA2682 - Discrete Mathematics and Operational Research
  • MA2690 - Professional Development and Project Work

Year 3
Compulsory

  • MA3667 - Mathematical Finance
  • MA3686 - Risk and Optimisation for Financial Planning
  • MA3996 - Financial Mathematics Final Year Project

Optional

  • MA3610 - Ordinary and Partial Differential Equations
  • MA3650 - Numerical Methods for Differential Equations
  • MA3670 - Statistics III
  • MA3676 - Stochastic Models
  • UK 
  • £9,250 full-time 
  • £1,385 placement year 
  • Fees quoted are per year and may be subject to an annual increase. Home undergraduate student fees are regulated and are currently capped at £9,250 per year; any changes will be subject to changes in government policy.
  • Fees for EU applicants – For entry in 2021/22 academic year, eligible EU applicants will have the same tuition fees as UK students to support EU students during this transition period. These fees will be applied for the duration of the course. EU fees for 2022 entry are not yet confirmed.

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