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Financial Mathematics BSc (Hons)

Heriot-Watt University

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Course options

  • Qualification

    Bachelor of Science (with Honours) - BSc (Hons)

  • Location

    Edinburgh Campus

  • Study mode

    Full time

  • Start date

    12-SEP-22

  • Duration

    4 Years

Course summary

Overview

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.

Accreditation

Accredited by the Royal Statistical Society.

Application deadline

15 January

Tuition fees

Students living in United States
(international fees)

£ 15,384per year

Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.

Entry requirements

Choose a qualification

A level : AAB

including Mathematics at A for entry to Year 1.For entry to Year 2: AAA including Mathematics.

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University information

Heriot-Watt University

  • University League Table

    23rd

  • Campus address

    Heriot-Watt University, Riccarton, Edinburgh, Edinburgh, City Of, EH14 4AS, Scotland

Highly regarded around the world with a strong focus on business, engineering, design and the physical and life sciences.
Culturally diverse, warm and welcoming, Heriot-Watt is one of Scotland's most international universities with a global footprint.
Global companies actively seek out Heriot-Watt graduates due to the nature of the university's research-informed education.

Subject rankings

  • Subject ranking

    14th out of 105 1

    10th out of 72 1

  • Entry standards

    / Max 220
    174 79%

    9th

    1
  • Graduate prospects

    / Max 100
    90 90%

    2nd

    25
  • Student satisfaction

    / Max 5
    3.85 77%

    95th

    50
  • Entry standards

    / Max 236
    188 78%

    11th

    1
  • Graduate prospects

    / Max 100
    84 84%

    20th

    1
  • Student satisfaction

    / Max 5
    4.14 83%

    23rd

    4

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