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Lancaster University

Lancaster , England ,United Kingdom

Financial Mathematics BSc Hons

Financial mathematicians are interested in making good decisions in the face of uncertainty. Through our rigorous program, you will develop the skills and knowledge to become a major decision maker and influencer in your chosen career.

Financial maths is about learning to interpret and manipulate data to draw valuable conclusions and make predictions. This is particularly important in business and finance, but the skills gained from this program are widely applicable and highly sought after. Over the three years, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics.

During your first year, you will build on your previous knowledge and understanding of mathematical methods and concepts. Modules cover a wide range of topics from calculus, probability, and statistics to logic, proofs, and theorems. As well as developing your technical knowledge and mathematical skills, you will also enhance your data analysis, problem-solving and quantitative reasoning skills. During this year, you will also receive an introduction to accounting and finance, which will provide you with a comprehensive understanding of the concepts and techniques of the discipline, including financial accounting, managerial finance, and financial statement analysis.

In the second year, you will further develop your knowledge in analysis, probability, and statistics. During this year, you will also begin to explore advanced finance and will benefit from modules in economics at the managerial level. These will provide you with insight into micro and macroeconomics, and their related issues. You will develop real-world knowledge and experience by applying your analytical skills, interpreting events and evaluating policies. This will be instrumental in developing a career related to banking, finance, international payments and exchange rates, and monetary policy.

Available options:- 

  • MSci Financial Mathematics

As well as offering a BSc, we also offer a four-year MSci Financial Mathematics degree. During the course of this program, you have the option to graduate after three years with a BSc, or progress onto an advanced fourth year and complete an MSci. This additional year features Masters-level modules and a dissertation.

  • BSc Financial Mathematics (Industry)

Alternatively, you may wish to apply for our BSc Financial Mathematics (Industry) program, which will offer you the opportunity to spend a year working with one of our partner organizations. This year in industry will provide you with invaluable experience and insight into the real-world workplace and will allow you to try out a possible career pathway.

Intakes

  • Sep

Application Processing Time in Days: 20

Minimum English Language Requirements

English Level Description IELTS (1.0 -9.0) TOEFL IBT (0-120) TOEFL CBT (0-300) PTE (10-90)
Expert 9 120 297-300 86-90
Very Good 8.5 115-119 280-293 83-86
Very Good 8 110-114 270-280 79-83
Good 7.5 102-109 253-267 73-79
Good 7 94-101 240-253 65-73
Competent 6.5 79-93 213-233 58-65
Competent 6 60-78 170-210 50-58
Modest 5.5 46-59 133-210 43-50
Modest 5 35-45 107-133 36-43
Limited 4 32-34 97-103 30-36
Extremely Limited < 4 < 31 < 93 < 30

Job Opportunity Potential

Access help and advice, search for opportunities, see what events are taking place, apply for the Lancaster Award, explore further study options and other pathways to your future career.

Careers and Employability is open. All of our services are now available remotely.

You can book telephone or video appointments with our Careers Team, attend online workshops, send us a query and access all of our resources online. Information on how to access all of our services is available via this link.

International students bring a wealth of experience to the University and can offer a valuable insight into global careers. Support for international students is available from Lancaster University Careers Service.

PSW Opportunity

PSW is 2 years

Admission Requirement / Eligibility Criteria

Indian Certificate of Secondary Education (Standard XII)

Pass with 75% to 87% average from the best 4 subjects, excluding Hindi and PE.

Recognised Qualification - Standard Entry Level
IELTS Academic (UKVI Approved) - 6.5 overall, minimum of 5.5 in each element
IELTS Academic (Other Centres) - 6.5 overall, minimum of 5.5 in each element
ToEFL IBT - 87 overall, minimum of 17 in listening, 18 in reading, 17 in speaking and 20 in writing
ToEFL IBT - Special Home Edition 87 overall, minimum of 17 in listening, 18 in reading, 17 in speaking and 20 in writing
Pearson PTE Academic / UKVI - 58 overall, minimum of 42 in each of the four skills
Cambridge English: Advanced CAE - 176 overall with at least 162 in each element
Cambridge English: Proficiency (CPE) - 176 overall with at least 162 in each element
GCSE/IGCSE/O Level English Grade - C / 4
CaMLA ECPE - Grade C2
Trinity ISE ISE II, - Distinction in each element (modules must be taken within one month of each other)
LanguageCert English Language - B2 Communicator with 39 in each skill area