Undergraduate BSc (Hons)

Financial Mathematics

School of Computing, Science & Engineering

Full-time

Attendance

Three year

Course

September 2019

Next enrolment
Introduction

In a nutshell

‘Big data’ is revolutionising global competitive markets. Choosing a financial mathematics degree at Salford is your first step towards an exciting career using your skills in the next-generation of banking and commodities, and emerging Fintech industries.

Our financial mathematics course is designed to take your knowledge to an advanced level. Blending applied methods with emerging themes such as nanotechnology, economic stability and artificial intelligence, you’ll graduate with relevant and in-demand skills for the contemporary business environment. 

You will:
  • Learn from experienced mathematicians and finance sector staff in a small-group environment
  • Engage with business and the finance sector throughout the course
  • Simulate and provide results for a broad range of financial activities such as the stock market
  • Have the opportunity to choose a language module to study as part of your degree
Placement

options available

International

students accepted

This is for you if...

1.

You're excited by the possibilities of mathematics and desire a future career in this field

2.

You want to develop specialist knowledge in applying mathematics in financial industries

3.

You're a keen problem-solver who enjoyed mathematics at school/college

Course details

All about the course

Developing applied knowledge and skills is at the heart of Salford’s values, so we strive to embed this as a core learning objective throughout your studies. This industry-focused course is designed to provide you with applied financial mathematics.

In year one, you'll strengthen your existing knowledge of linear algebra, calculus and probability, whilst also learning the principles of economics and financial applications.As you progress to year two, you'll model the mathematics of financial derivatives that simulates the stock market and continue to solve real-world problems.

In your final year, you'll study a range of core and optional modules. You'll also complete your final project on a detailed financial mathematics application.

Take a placement

Industry placements are a great opportunity to get some hands-on experience and make those early career connections.  On this course, you'll have the option to take an industry placement between years two and three. Although you’ll be responsible for securing your placement, our tutors will support you, monitor your progress and assess your final placement report. By successfully completing a placement year, you can also add 'with professional experience' to your final degree award.

Year one

Linear Algebra

Linear algebra is a fundamental topic which has applications in many branches of mathematics. You will look at the methods and theory behind the solution of simultaneous equations, and you will develop skills in solving linear problems using matrix methods and the concept of abstract vectors.

Mathematical Methods 1

You will build on your A-Level (or equivalent) mathematical techniques and knowledge in preparation for subsequent mathematics modules. Specifically, you will cover the subject of differential equations with applications.

Mathematical Modelling

This module will build upon and extend your A-Level (or equivalent) mathematical techniques providing a mathematical foundation in support of subsequent mathematics modules. You will also cover differential equations with applications and be introduced to problem solving using a symbolic computing environment.

Probability

This module will build upon and extend your A-Level (or equivalent) mathematical probability knowledge and develop the subject of probability with applications.

Organisations in a Global Environment

This module introduces you to how organisations function in a global context.

Principles of Economics

This module introduces you to the key concepts of modern economics, including how markets function as the foundation of contemporary economies

Year two

Mathematics of Financial Derivatives 1

This module introduces financial derivatives, their pricing and modeling through various calculus techniques. It introduces Martingales and Ito’s lemma.

Mathematics Methods 2

You will extend your methods in differential and integral calculus, first and second order partial differential equations and methods in differential and integral calculus for the complex variable.

Mathematical Modelling 2

This module will give you experience in business and financial working practices and how to solve practical financial mathematical problems.At the beginning of the module a series of seminars will be given by speakers on a variety of applications in business and finance, and how these impact on their work. Deliverables, which consist of written reports and oral presentations, are assessed on a group basis and are to be produced both during and at the end of the semester to strict deadlines.

Statistics

You will develop a sound knowledge in probability models and distribution theory, skills in statistics and data analysis and provide an awareness of the principles and scope of data analysis models often implemented in statistical software packages.

Financial Markets and Instruments

This module describes the various financial instruments, assets and markets in detail.

Choose one option from:

Legal Aspects of Business

This module introduces you to the operation of global legal systems and the areas of law that underpin the practice of effective business management. You will develop a working knowledge of law relating to contracts and their effective negotiation in different business environments.

University Wide Language

Courses are available in: Arabic, German, French, Italian, Japanese, Mandarin Chinese and Spanish.

Year three

Mathematics of Financial Derivatives 2

This module develops detailed mathematical modules for financial derivatives, for example using the Black-Scholes differential equation, Martingales, and also using Fourier Transforms.

Financial Risk Management

This module discusses trading in the financial markets, the financial crisis of 2007, and how to manage risk.

Project

The project will give you the opportunity to develop a mathematical model within a challenging research theme, including those areas prioritised by EPSRC and the EU Research Council and of benefit and importance to society. These are: climate, nanotechnology, renewable energy and sustainable economics. The aim is for you to demonstrate your understanding of the application of mathematics to one of these areas and give you an opportunity to demonstrate your knowledge, understanding and skills.

Operational Research

You will learn the skills to construct mathematically based models to find better solutions to real-life and complex decision-making problems. These models draw upon mathematical knowledge, such as mathematical modelling, statistical analysis, mathematical optimization and artificial intelligence to find an optimal or near-optimal solution to problems from a variety of industries and government areas.

Choose one option from:

International and Business Finance

This module demonstrates key concepts of finance, such as raising capital, capital markets, the structure of firms and evaluating the global financial environment in which firms operate.

Advanced Management Accounting

You will develop your ability to evaluate and analyse financial control processes and consider alternative mechanisms for delivering information to management for control and decision making purposes.

Business Taxation

This module evaluates the UK taxation system and the global environment. You will review core subjects including the taxation of sole traders, partnerships and limited companies.

Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.

What will I be doing?

Teaching

You will develop your knowledge and skills through a blend of theoretical, collaborative and practical methods. These include:

  • Talks and lectures by academics and guests
  • Business and finance speakers
  • Practical workshops
  • Case studies and project work
  • Group assignments
  • Online learning using Blackboard
Assessment

You will be assessed using a combination of formats. These include:

  • Presentations: individual or group presentations of the final outcome to a particular assignment or brief
  • Examinations: usually two hours in duration and aim to test material presented in lectures, workshops and seminars
  • Written assessments: class tests, reports and evaluations

Some modules use 50% coursework/50% exam weighting, but most use 30% coursework/70% exams criteria.

The School of Computing, Science and Engineering

The School of Computing, Science and Engineering (CSE) seeks to improve lives through proactive collaboration with industry and society. Our stimulating, industry-accredited courses and research programmes explore engineering, physics, acoustics, computing, mathematics and robotics. Through our award-winning lecturers, world-class facilities and research-led teaching, CSE produces highly employable graduates ready for the challenges of today and tomorrow.

Employment and stats

What about after uni?

Employment

With a mathematics degree from Salford, you'll have a strong knowledge base and understanding of how mathematical and scientific methods can be applied in real-world problem-solving. You'll find graduate roles and career opportunities in a wide range of industries, including finance and investments, market research, meteorology, engineering or operations.

Further study

You might find you want to learn more about how to apply data and mathematics, so we offer a range of specialist postgraduate courses to help you take your career and interests even further. Salford graduates and alumni also receive a significant fees discount

A taste of what you could become

An accountant

An investment analyst

A data analyst

A markets trader

And more...

Career Links

This course is extensively informed by collaboration between the university’s academics and industry partners from science, engineering and technology. The course team has a wide range of long-standing and professional relationships with industry in the North West and beyond.

Continued collaboration with these professions also ensures a stimulating range of external guest lecturers, as well as career networking opportunities and professional memberships.

Requirements

What you need to know

English Language Requirements

International applicants must show proficiency in English. An IELTS score of 6.0 with no band below 5.5 is proof of this.

Applicant Profile

We welcome applicants who have studied mathematics or physics subjects at school/college and would like to gain a deeper knowledge in these and other related subjects with particular bias towards data and finance. You will ideally already have some awareness of the finance sector and desire a future career working in this field.

Standard Entry

GCSE

English language and Mathematics at grade C/level 4 or above

You must fulfil our GCSE entry requirements as well as one of the requirements listed below.

UCAS tariff points

112 UCAS points to include Mathematics

GCE A-Level

112 UCAS points to include Mathematics or Further Mathematics

BTEC National Extended Diploma

Contact Admissions for further information

Scottish Highers

112 UCAS points to include grade B in Advanced Higher level Mathematics

Irish Leaving Certificate

112 UCAS points to include grade A1 in Higher Level Mathematics

European Baccalaureate

Contact Admissions for further information

International Baccalaureate

35 points including grade 6 in Higher Level Mathematics

Access to HE

Contact Admissions for further information 

Alternative Entry

Salford Alternative Entry System (SAES)

We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.

There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.

How much?

Type of study Year Fees
Full-time home/EU 2019 £9,250per year
Full-time international 2019 £14,820per year
Additional costs

You should consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Scholarship Opportunity

Applicants for this course can qualify to apply for one of five scholarships provided thanks to the generosity of the Morson Group. Each scholarship is worth a total of £9,000, paid as two cash award instalments of £1,500 each per annum for a maximum of three years.

The scholarships aim to ensure that talented students starting their first year are not deterred from studying at the University of Salford for financial reasons.  Qualifying students will be encouraged to apply following registration and enrolment in September 2019.  More information about the scholarship.

Apply now

All set? Let's apply

Enrolment dates

September 2019

September 2020

UCAS information

Course ID GN13

Institution S03