
BSc (Hons) Financial Mathematics
DURATION
3 up to 5 Years
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
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EARLIEST START DATE
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STUDY FORMAT
On-Campus
Key Summary
Scholarships
Explore scholarship opportunities to help fund your studies
Introduction
"Due to the ongoing Coronavirus pandemic, examinations may be replaced by an alternative form of assessment during the academic year 2021/2022. Please refer to the Programme Specification on these pages for further details."
Why choose this course?
Financial Mathematics sits within one of our smaller Departments. That means you’ll get to know your lecturers very well and vice versa. You’ll benefit from an individual approach and tailored care and support where needed. You’ll learn from research-active academics, who are renowned internationally for their contributions to mathematics and mathematical physics. Three members of staff have been working on ‘Strings, Supergravity and Geometry,’ exploring string theory and differential and algebraic geometry. Other projects include researching classical and quantum integrable systems and scattering amplitudes in gauge theories. Aren’t familiar with these terms and theories? Rest assured, very few of our first-year students are. You’ll start at the basics and slowly work your way up to specialise in the areas that interest you most.
You’ll attend lectures as well as workshops and seminars. This way, you can learn from your lecturers as well as your peers. We’ve even set up a Student Proctor Scheme. This means students from higher years will be on hand to help you during and outside of your lessons. You’ll take part in practical computing classes and problem workshops. (That’s ‘problem’ in the mathematical sense, of course.)
Between your second and third year of study, you can take an optional sandwich year. Want to study abroad for a year? We’ve got you. Want to work in the industry for a year? We have a dedicated placements tutor in our school, who will help you find your dream placement. Our students have worked for companies like GlaxoSmithKline (G.S.K), Roche, BAE Systems, and the NHS. And that’s just our UK placements. Many of our students even go on to work at their placement host company after they finish their course.
You’ll study a course that is accredited by The Institute of Mathematics and its Applications (IGradIMA), the UK professional body for mathematics. Being an accredited university means that you will leave us with the educational requirements for the Chartered Mathematician (C.Math) designation; your first step into gaining this recognition. That means employers know you have a high standard of knowledge, expertise and skill. Thus, making you stand out for all the right reasons.
What's the course about?
In the first year, the B.Sc. (Hons) Financial Mathematics and B.Sc. (Hons) Mathematics courses are exactly the same. So, if you change your mind and want to change, that’s easily done. Your second year is where you start specialising in financial mathematics if you choose this pathway.
In your first year, you’ll learn all the foundations and basics that you need to know. We are aware that our students come from different schools and have followed different programmes. The first year is about making sure that everybody is on the same page. You’ll study linear algebra, basic statistics, and computational modelling. You’ll learn about numbers and sets, the applications of mathematics and financial maths. You’ll also take the first ‘mathematical techniques’ model to set you up with a strong foundation for your second and third year.
In your second year, you’ll take the second module on mathematical techniques. You’ll also work on differential equations, take a module in career planning and development and attend small group tutorials. You’ll study programming, financial markets and portfolio theory. You’ll learn how to analyse portfolios of securities and financial data. In the second half of the module you’ll learn more theories that underlie the financial markets. This year there are also some optional modules for you to choose from. These include algebra, number theory and real analysis. Want to go into teaching? You can even take a module in professional teaching skills to prepare you for a career in education.
Work placement/study abroad option: Between your second and final year, you’ll have the option to study abroad or do a work placement for up to a year. Not only will this give you an amazing experience to talk about but will also give your CV a boost. If you’d rather go straight to your final year, that’s absolutely fine too.
In your final year, you’ll study non-linear optimisation, derivative pricing and investigations in financial mathematics. Most other modules are optional this year, so you can do what you like best. Modules include linear modelling, combinatorics, and advanced levels of algebra and numerical methods. You can even choose to study space dynamics in our labs. Think about atmospheric drag, spacecraft spin and transfer orbits. This year really allows you to hone in on your favourite areas of mathematics. There is also a strong focus on employability and finding a fitting job for when you leave us.
Your main campus is College Lane
This is where the creative arts, science and health-related subjects are based. This means you’ll share the campus with future nurses, scientists, artists and more. You can use the common rooms to relax with friends, work out in the 24-hour gym or have a drink in our on-campus pub or cafes. We also have restaurants for you to eat in or grab something on the go. Our Learning Resources Centres are open 24/7, which means you can study whenever suits you best. Want to pop over to the other campus? You can take the free shuttle bus or walk there in just 15 minutes.
This course includes the options of:
- Work placement
- Study abroad
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Admissions
Scholarships and Funding
Curriculum
What will I study?
Degree programmes are structured into levels 4, 5 and 6. These correspond to your first, second and third/final year of study. Below you can see what modules you’ll be studying in each.
Level 4
- Financial and Actuarial Mathematics II 15 Credits II Compulsory
- Mathematical Techniques 1 II 30 Credits II Compulsory
- Linear Algebra II 15 Credits II Compulsory
- Numbers and Sets II 15 Credits II Compulsory
- Applications of Mathematics II 15 Credits II Compulsory
- Basic Statistics II 15 Credits II Compulsory
- Computational Modelling II 15 Credits II Compulsory
- Small-Group Tutorial (Level 4) II 0 Credits II Compulsory
Level 5
- Mathematical Techniques 2 II 15 Credits II Compulsory
- Programming II 15 Credits II Compulsory
- Graduate Skills II 0 Credits II Compulsory
- Numerical Methods II 15 Credits II Compulsory
- Financial Markets and Portfolio Theory II 30 Credits II Compulsory
- Statistical Modelling II 15 Credits II Compulsory
- Small-Group Tutorial (Level 5) II 0 Credits II Compulsory
- Career Planning and Development II 0 Credits II Compulsory
- Professional Teaching Skills II 15 Credits II Optional
- Number Theory II 15 Credits II Optional
- Algebra II 15 Credits II Optional
- Real Analysis II 15 Credits II Optional
- Differential Equations II 15 Credits II Optional
- Motion and Tensors II 15 Credits II Optional
Level 6
- Investigations in Financial Mathematics II 15 Credits II Compulsory
- Nonlinear Optimisation II 15 Credits II Compulsory
- Financial Mathematics & Derivative Pricing II 30 Credits II Compulsory
- Professional Placement II 0 Credits II Optional
- Space Dynamics II 15 Credits II Optional
- Year Abroad II 0 Credits II Optional
- Complex Analysis II 15 Credits II Optional
- Partial Differential Equations II 15 Credits II Optional
- Linear Optimisation II 15 Credits II Optional
- Further Algebra II 15 Credits II Optional
- Further Numerical Methods II 15 Credits II Optional
- Combinatorics II 15 Credits II Optional
- Nonlinear Systems II 15 Credits II Optional
- Placement with Study Abroad II 0 Credits II Optional
- Multivariate Statistics II 15 Credits II Optional
- Linear Modelling II 15 Credits II Optional
- Lagrangian Dynamics II 15 Credits II Optional
Study abroad
An opportunity for an amazing experience, which will help make you stand out from the crowd. With more and more companies working internationally, the experience of living in another country can make a great impression on future employers.
This course offers you the opportunity to enhance your study and CV with a sandwich year abroad. The University has partnerships with over 150 universities worldwide, including the USA, Canada, Asia, Africa, Australia, South America and closer to home in Europe.
If you study abroad between your second and third year of study, you’ll pay no tuition fee to the partner university and no tuition fee to us either. We’ll ask you to make your decision in your second year, so there is plenty of time to think about it.
Work placement
Graduate with invaluable work experience alongside your degree and stand out from the crowd.
This course offers you the opportunity to enhance your study and CV with a work placement sandwich year. It’s a chance to explore career possibilities, make valuable contacts and gain sought after professional skills.
Our dedicated Careers and Employment team are here to help guide you through the process. Within the UK, our students have worked at Glaxo-SmithKline, Roche, NHS, Warner Bros, BAE Systems.
If you take up a work placement between your second and third year of study at the University of Hertfordshire, you’ll pay no tuition fee for this year. We’ll ask you to make your decision in your second year, so there is plenty of time to think about it.
What if I need support?
You’ll get a personal tutor to guide you through your course, all the way to graduation. You might also want or need extra support during your time with us. Rest assured, no matter what you study, we’ve got you covered. For help with study skills, including referencing, essay writing and presentations, you’ll have access to our academic support services. You can attend workshops, 1-to-1 sessions, and online tutorials. Both our Learning Resource Centre's run drop-in study skills sessions. And the best thing is, it’s all free.
You will meet your personal tutor regularly in small-group tutorials, which are a great way of reinforcing the material that you learn in lectures. We also offer a wide variety of support throughout your degree, from your lecturers, the School’s Maths Centre and peer support from our student proctor scheme.
The Maths Support Service provides one to one help with your mathematical problems.
Program Tuition Fee
Career Opportunities
What's next for my career?
The number of people working in jobs requiring numerical ability has been steadily rising in the UK in recent years. In the world of employment, maths graduates are in high demand for their skills in problem-solving, logical thinking, and their ability to understand and interpret data. Recent maths graduates from the University of Hertfordshire have gone on to exciting careers in finance, actuaries statistics and data science, IT, business analysis, teaching, and many more.
These careers are also well paid. According to data from the government’s Longitudinal Education Outcomes (L.E.O) Data Analysis, the University of Hertfordshire is ranked 16th (out of 64 universities) for the highest quartile earnings for maths graduates five years after graduating.