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Aberystwyth University

Financial Mathematics

UCAS Code: G1N3

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

Entry requirements


A level

A,B,C-B,B,B

ABC with A in Mathematics or BBB with B in Mathematics.

Pass in Access qualification in a relevant subject with Merit in 50% of units at level 3.

Aberystwyth University welcomes the Welsh Baccalaureate as a valuable qualification in its own right and considers completion of the Welsh Baccalaureate Advanced Skills Challenge Certificate to be equivalent to an A level grade.

International Baccalaureate Diploma Programme

28-30

With 4-5 points in Mathematics at Higher Level.

Pearson BTEC Level 3 National Extended Diploma

DMM-DDM

With A/B in A level Mathematics.

UCAS Tariff

120

With A/B in Mathematics.

67%
Applicants receiving offers

About this course


Course option

3years

Full-time | 2018

Subjects

Finance

Mathematics

In choosing to study this degree in Financial Mathematics you'll uncover a fascinating and challenging discipline. Mathematics is fundamentally important to modern society, particularly in its contribution to the financial world. This is a discipline which is both intellectually demanding and vocationally useful, giving you skills which apply to many career choices. You will study under experts in a wide range of disciplines. Our lecturers are committed teachers; some come from a professional background, grounding your study in a proper professional context, and many are active researchers, expanding the boundaries of knowledge. This degree is accredited by the IMA (Institute for Mathematics and its Applications), the UK’s learned and professional society for mathematics, directly contributing to your recognition as a Chartered Mathematician. Mathematics has been taught at Aberystwyth since 1872, so that the department builds on over 140 years of teaching excellence, employing lecturers who are committed teachers and internationally-recognised researchers. This is the best department in Wales for Research and one eighth of our research is world leading. Here you will uncover a discipline that combines the identification and analysis of shapes and patterns with data collation and calculation.

You will study within a university that is ranked **top 5 in the UK and best in Wales** for student satisfaction (NSS, 2017) and where 95% of students were in employment or further study within 6 months after graduating (DLHE, 2017).

The Financial Mathematics degree course was established in response to the increasing demand from employers in the financial sector for graduates with an understanding of mathematics. The mathematical core of the degree will teach you key skills in algebra, calculus and statistics, for example. In addition, you will study mathematics in a financial context, for example in stochastic modelling of the stock market, and gain a solid understanding of the principles of economics and of financial accounting and management. This degree is delivered through a combination of lectures, tutorials and practicals and you will be assessed through coursework, examinations, presentations and reports. You will be assigned a personal tutor who will help you with any queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.

This course has been designed with future employment in mind. The skills you will develop are all highly transferable and attractive to employers. These include: research and data analysis, enhanced mathematical and computational skills, problem-solving, creative thinking, time management and organisational skills. You will have a thorough grounding in information technology and the ability to express ideas and communicate information in a clear and structured manner by the end of your degree. This course will challenge you to develop your team work, self-reliance and self-motivation. Real work experience will make you stand out in a competitive job market. You are encouraged to contact the Careers Advisory Service in relation to YES (Year in Employment Scheme) and Go Wales for assistance in securing work placements alongside your degree.

A degree in Financial Mathematics is valuable in employment where you will be required to use specialist numerical skills and analytical thought. Typical sectors include: accountancy and banking, risk analysis and actuarial work, finance management, investment analysis, information technology, research and development.

Tuition fees

Select where you currently live to see what you'll pay:

England
£9,000
per year
EU
£9,000
per year
International
£13,450
per year
Northern Ireland
£9,000
per year
Scotland
£9,000
per year
Wales
£9,000
per year

Extra funding

Aberystwyth University offers a valuable package of scholarships and bursaries to support students. Our long-established Entrance Scholarship competition means you could get up to £2,000 a year towards your living and study costs. You can combine an Entrance Scholarship with any or all of our other awards, to make your financial package more valuable. Our awards include the Academic Excellence Studentship, means-tested Aberystwyth Bursary, Sport and Music Scholarships, Bursaries for Care Leavers/Young Carers and a range of department specific awards. Please visit our website for full details. This does not apply to students studying at our Mauritius campus.

The Uni


Course location:

Main Site (Aberystwyth)

Department:

Department of Mathematics

Read full university profile

What students say


We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.

82%
med
Finance
85%
med
Mathematics

How do students rate their degree experience?

The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.

Finance

Teaching and learning

82%
Staff make the subject interesting
96%
Staff are good at explaining things
87%
Ideas and concepts are explored in-depth
89%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

95%
Library resources
93%
IT resources
87%
Course specific equipment and facilities
85%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

Who studies this subject and how do they get on?

65%
UK students
35%
International students
57%
Male students
43%
Female students
61%
2:1 or above
5%
Drop out rate

Most popular A-Levels studied (and grade achieved)

B
D
C
270

Mathematics

Teaching and learning

94%
Staff make the subject interesting
100%
Staff are good at explaining things
96%
Ideas and concepts are explored in-depth
82%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

99%
Library resources
96%
IT resources
95%
Course specific equipment and facilities
89%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

Who studies this subject and how do they get on?

91%
UK students
9%
International students
60%
Male students
40%
Female students
60%
2:1 or above
7%
Drop out rate

Most popular A-Levels studied (and grade achieved)

B
B
D
318

After graduation


The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.

Finance

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£16,000
low
Average annual salary
99%
high
Employed or in further education
93%
high
Employed in a role where degree was essential or beneficial

Top job areas of graduates

18%
Business, finance and related associate professionals
14%
Administrative occupations: finance
10%
Sales assistants and retail cashiers
What do graduate employment figures really tell you?

Over 2,000 students graduated with a degree in finance in 2015, and a sign of the strength of the finance industry, numbers are on the up. Over half of finance graduates go into the finance industry, with accountancy and financial advice roles particularly popular. It's also quite common for finance graduates to go into jobs which require you to take more training and gain professional qualifications — finance graduates who take further study are more likely to be studying accountancy than finance. About a third of graduates start their careers in London - but Glasgow, Manchester and Birmingham are other popular locations for finance graduates to work.

Mathematics

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£16,000
low
Average annual salary
94%
med
Employed or in further education
95%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

11%
Business, finance and related associate professionals
10%
Customer service occupations
8%
Sales, marketing and related associate professionals
What do graduate employment figures really tell you?

Want to feel needed? This is one of the most flexible degrees of all and with so much of modern work being based on data, there are options everywhere for maths graduates. With all that training in handling figures, it's hardly surprising that a lot of maths graduates go into well-paid jobs in the IT or finance industries, and last year, a maths graduate in London could expect a very respectable average starting salary of £27k. And we're always short of teachers in maths, so that is an excellent option for anyone wanting to help the next generation. And if you want a research job, you'll want a doctorate — and a really good maths doctorate will get you all sorts of interest from academia and finance — and might secure some of the highest salaries going for new leavers from university.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

Business and management

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£16k

£16k

£19k

£19k

£24k

£24k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

Mathematical sciences

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£18k

£18k

£20k

£20k

£24k

£24k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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This is what the university has told Ucas about the criteria they expect applicants to satisfy; some may be compulsory, others may be preferable.

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This is the percentage of applicants to this course who received an offer last year, through Ucas.

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This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Course location and department:

This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Teaching Excellence Framework (TEF):

We've received this information from the Department for Education, via Ucas. This is how the university as a whole has been rated for its quality of teaching: gold silver or bronze. Note, not all universities have taken part in the TEF.

Have a question about this info? Learn more here

This information comes from the National Student Survey, an annual student survey of final-year students. You can use this to see how satisfied students studying this subject area at this university, are (not the individual course).

We calculate a mean rating of all responses to indicate whether this is high, medium or low compared to the same subject area at other universities.

Have a question about this info? Learn more here

This information is from the Higher Education Statistics Agency (HESA).

You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.

Have a question about this info? Learn more here

Post-six month graduation stats:

This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.

It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.

Have a question about this info? Learn more here

Graduate field commentary:

The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show

Have a question about this info? Learn more here

The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.

While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?

Have a question about this info? Learn more here