Financial Mathematics BSc (Hons)
Bachelor of Science (with Honours) - BSc (Hons)
How will Covid-19 affect this course?
This course will start online and may then continue on campus depending on the latest coronavirus policies.
If you are looking for a career in the world of finance and love mathematical challenges, 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. It is well known that careers in financial mathematics offer some of the best salaries of all professions and graduates working in this area thrive on being offered many interesting challenges on a day-to-day basis.
Our Financial Mathematics programme develops the skills and knowledge required by the modern investment and asset management industry, where structured finance and relative value trading strateges dominate. The emphasis is on developing a range of practical skills relevant to the increasingly mathematical and ever-changing world of contemporary finance.
Financial Mathematics isn't just for aspiring bankers. The UK Government is the single biggest user of structured finance, through the Private Finance Initiative. Graduates are also attractive to the treasury function of international corporations and to the trading arm of commodities companies.
Students on the Financial Mathematics degree follow the same programme as Actuarial Science students for the first two years. The programmes diverge in third year and in the fourth year Financial Mathematics students will be able to study courses alongside Master's students on the Quantitative Finance and Mathematics programme. The aim is for Financial Mathematics graduates to achieve a skill set comparable to those graduating with a Master's degree.
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
Investment banking is the main destination of financial mathematicians, however the skills developed on the programme are desirable to all businesses, and there are many research opportunities. Due to the high mathematical ability required in this industry, there is always a limited number of well-trained financial mathematicians available, meaning that graduates are much in demand.
Accredited by the Royal Statistical Society.
- United States
- Antigua & Barbuda
- Bosnia and Herzegovina
- Burkina Faso
- Cabo Verde
- Central African Republic
- Congo (Democratic Republic)
- Costa Rica
- Czech Republic
- Dominican Republic
- East Timor
- El Salvador
- Equatorial Guinea
- Hong Kong
- Ivory Coast
- Korea DPR (North Korea)
- Marshall Islands
- New Zealand
- Northern Ireland
- Palestinian Authority
- Papua New Guinea
- Puerto Rico
- Republic of Ireland
- San Marino
- Sao Tome and Principe
- Saudi Arabia
- Sierra Leone
- Solomon Islands
- South Africa
- South Korea
- South Sudan
- Sri Lanka
- St Vincent
- St. Kitts & Nevis
- St. Lucia
- Trinidad & Tobago
- United Kingdom
- Vatican City
- Western Samoa
£ 15,080per year
Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.
Guide UCAS points
136 UCAS points
This score is for guidance only - you should contact the university to find out their accepted grades for this course.
Chance of acceptance
You haven't added your grades.
This will show you how likely you are to be accepted for this courseENTER GRADES
University League Table
Heriot-Watt University, Riccarton, Edinburgh, Edinburgh, City Of, EH14 4AS, Scotland
15th out of 103 8
11th out of 72 1
Entry standards/ Max 220169 77%
Graduate prospects/ Max 10082 82%
Student satisfaction/ Max 54.12 82%
Entry standards/ Max 236180 75%
Graduate prospects/ Max 10083 83%
Student satisfaction/ Max 54.13 83%