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 economic stability and financial modelling, you’ll graduate with relevant and in-demand skills for the contemporary business environment. This integrated placement year route will complement your learning with real-world application.
- 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
- Benefit from a placement year in industry between your second and third year
This is for you if...
You're excited by the possibilities of mathematics and desire a future career in this field
You want to develop specialist knowledge in applying mathematics in financial industries
You're a keen problem-solver who enjoyed mathematics at school/college
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 will 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.
Between years two and three, you'll take your industry placement . 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 your placement year, you'll add 'with professional experience' to your final degree award.
You'll return for your final year, studying a range of core and optional modules. You'll also complete your final project on a detailed financial mathematics application.
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.
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.
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
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.
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 Institutions
In this module, you will develop your knowledge of financial markets and institutions and learn how to apply financial theories under a practical context. You will analyse the role of regulation within financial markets and evaluate academic literature that is related to them.
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.
Mathematics Placement Year
You will undertake a placement year in industry which will help you to apply what you have learnt on your course into real-world practices.
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.
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.
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.
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?
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
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.
School of Science, Engineering and Environment
From cyber security to biomedicine to architecture, our expanding suite of multidisciplinary courses shapes the next generation of scientists, engineers, consultants and conservationists. Through advanced research, we’re pioneering robotics and AI, smart environments and the appliance of data. With a team of over 200 dedicated academic, technical and administrative staff, you’ll experience a supportive, professional environment where you can realise your potential.
What about after uni?
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.
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.
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.
What you need to know
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.
ENGLISH LANGUAGE REQUIREMENTS
Applicants will be required to show a proficiency in English. An IELTS score of 6.0, with no element below 5.5, is proof of this.
Please note: The entry criteria below are related to entry onto this course in the 2020/2021 academic year. If you’re interested in a future intake year, please check the course entry on UCAS.
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
112 UCAS points to include Mathematics or Further Mathematics
BTEC National Extended Diploma
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Access to HE
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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
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35 points including grade 6 in Higher Level Mathematics
Salford Alternative Entry Scheme (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.
To be considered for the Salford Alternative Entry Scheme you must have already achieved or be working towards GCSE Maths and English Grade C/4 (or equivalent).
|Type of study||Year||Fees|
|Full-time home/EU||2020/21||£9,250per year|
|Full-time international||2020/21||£15,240per year|
You should consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
Scholarships for International students 2020/21
To celebrate the University of Salford's expertise and industry links in Computing and Engineering, high achieving international students may be eligible for our Computing, Science and Engineering International Excellence Scholarship of £3,500.
For more information go to International Scholarships.
All set? Let's apply
Course ID GN14