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Financial Mathematics MSci (Hons)

Lancaster University

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Course options

  • Qualification

    Master of Science (with Honours) - Msci (Hon)

  • Location

    Main Site

  • Study mode

    Full time

  • Start date

    OCT-22

  • Duration

    4 Years

Course summary

Financial mathematicians are interested in making good decisions in the face of uncertainty. Through our rigorous Masters programme, you will develop advanced 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 programme are widely applicable and highly sought after. Over the first three years, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics. Studying at Masters-level, you will gain an advanced understanding of the discipline and will develop a greater breadth and depth of financial and mathematical expertise.

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 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.

During your third year, you will delve deeper into the theory of probability and will explore the concept of statistical inference. Alongside this, you will gain valuable industry and employability skills through a dedicated careers-focused module. This final year will also be highly customisable, allowing you to select from a range of modules to suit your own interests and career aspirations.

In the fourth year, you will benefit from expertise from a fourth specialist department, Management Science. This year will offer you advanced modules in financial maths, which will enhance your existing skills, allow you to gain new ones, and develop a greater level of knowledge in the discipline. You will also benefit from a wide range of optional modules, which can allow you to drive your study towards a specific industry, or enhance your skill set more generally. In addition, you will complete a substantial research project, which will give you the opportunity to put everything you have learnt into practice, and will provide you with valuable insight into real-world projects.

Careers

Financial maths graduates are very versatile, having in-depth specialist knowledge and a wealth of skills. Through this degree, you will graduate with a comprehensive skill set, including data analysis and manipulation, logical thinking, problem-solving and quantitative reasoning, as well as adept knowledge of the discipline. As a result, financial mathematicians are sought after in a range of industries. However, graduates of this programme are ideally placed to forge rewarding careers in the business and finance, and government sectors.

Application deadline

15 January

Tuition fees

Students living in United States
(international fees)

Information not available

Please check with the institution for most up to date details.

Entry requirements

Choose a qualification

A level : AAA

AAA including A level Mathematics or Further Mathematics OR AAB including A level Mathematics and Further Mathematics

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University information

Lancaster University

  • University League Table

    11th

  • Campus address

    Lancaster University, Bailrigg, Lancaster, Lancashire, LA1 4YW, England

Students from over one hundred countries study at the Lancaster campus. An open and welcoming community, equality and diversity are valued.
Lancaster University offers students a range of award-winning, high-quality, safe and comfortable accommodation.
Lancaster University has a vast array of facilities including shops, restaurants, coffee shops, and a sports centre and swimming pool.

Subject rankings

  • Subject ranking

    20th out of 105 7

    22nd out of 72 13

  • Entry standards

    / Max 220
    134 60%

    34th

    4
  • Graduate prospects

    / Max 100
    80.0 80%

    19th

    6
  • Student satisfaction

    / Max 5
    4.12 82%

    45th

    4
  • Entry standards

    / Max 236
    153 63%

    26th

    3
  • Graduate prospects

    / Max 100
    82.0 82%

    26th

    20
  • Student satisfaction

    / Max 5
    4.10 82%

    25th

    2

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