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Brunel University London

Financial Mathematics (4 years)

UCAS Code: GN1H

Master of Mathematics - MMath

Entry requirements


A level

A,B,B

including A in Mathematics or Further Mathematics

Cambridge International Pre-U Certificate - Principal

D3,M2,M2

including a minimum of D3 in Mathematics or Further Mathematics

GCSE/National 4/National 5

A minimum of 5 GCSEs at grade C or grade 4 and above are required, including English Language and Mathematics

International Baccalaureate Diploma Programme

31

including grade 6 in Mathematics at Higher Level

Leaving Certificate - Higher Level (Ireland) (first awarded in 2017)

H2,H2,H3,H3,H3

including H2 in Mathematics

Scottish Advanced Higher

A,B,B

including A in Mathematics or Further Mathematics

UCAS Tariff

128-152

We've calculated how many Ucas points you'll need for this course.

100%
Applicants receiving offers

About this course


Course option

4.0years

Full-time | 2020

Subjects

Finance

Financial mathematics

Mathematics is a fundamental subject that is critical to our understanding of the world. Through the study of mathematics you’ll advance your problem solving skills, develop your reasoning and increase your analytical thinking. This is why mathematics forms a basis to so many careers. Yes – it is a discipline in its own right, but it is also the thinking behind countless commercial, industrial and technological activities. Mathematical models underpin engineering, the applied sciences, computing and many aspects of management today.

With the Financial Mathematics MMath you’ll study for a further year and bring your BSc degree to master’s standard. This means you’ll be able to get that competitive edge when you apply for jobs without having to go through the application process again after Level 3.

Two-thirds of your course is shared with the MMath in Mathematics. This covers several application areas – finance, statistics, operational research (i.e. how maths can be applied to commercial and industrial problems) and numerical analysis. The remaining third covers the key principles of finance.

Follow the five-year ‘Professional Placement’ degree programme and you‘ll benefit from our extensive experience in helping students to find well-paid work placements with blue-chip companies. Our sandwich students find that their mathematical and transferable skills are in demand in many sectors, both in the UK and abroad.

Areas recently offering placements include: accountancy, aviation, banking, defence, finance, insurance, IT (software development, network management and design), management (public and private sector), marketing and telecommunications.

This programme will meet the educational requirements of the Chartered Mathematician designation, awarded by the Institute of Mathematics and its Applications, when it is followed by subsequent training and experience in employment to obtain equivalent competences to those specified by the Quality Assurance Agency (QAA) for taught master's degrees

Modules

Year 1
Advanced Mathematics
Algorithms & Numerical Methods
Calculus
Essential Mathematics
Fundamentals
Financial Markets
Mathematical and Computational Skills
Linear Algebra
Introduction to Data Handling for Finance.
Probability & Statistics
Transition to Independent Learning of Mathematics

Year 2
Advanced Calculus and Numerical Methods
Advanced Mathematics II and Numerical Methods Linear Methods
Analysis 1
Computing for Finance
Employability Skills
Elements of Investment Mathematics
Elements of Combinatorics
Multivariable Calculus
Multivariable Mathematics
Numerical Analysis Project
Linear Modelling
Probability & Statistics II
Operational Research
Statistics Project

Year 3
Mathematical Finance
Numerical Methods for Differential Equations
Project
Risk and Optimisation for Financial Planning
Stochastic Models

Year 4
Advanced Project
Interest Rate Theory
Option Pricing Theory
Probability and Stochastics

Optional
Modern Regression and Classification
Network Models
Time Series Modelling
Research Methods and Case Studies

Tuition fees

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

Channel Islands
£9,250
per year
England
£9,250
per year
EU
£9,250
per year
International
£16,850
per year
Northern Ireland
£9,250
per year
Scotland
£9,250
per year
Wales
£9,250
per year

The Uni


Course location:

Brunel University London

Department:

Mathematics

TEF rating:

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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.

78%
med
Finance
75%
low
Financial 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

71%
Staff make the subject interesting
92%
Staff are good at explaining things
73%
Ideas and concepts are explored in-depth
79%
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

90%
Library resources
90%
IT resources
86%
Course specific equipment and facilities
88%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

74%
UK students
26%
International students
59%
Male students
41%
Female students
61%
2:1 or above
20%
Drop out rate

Most popular A-Levels studied (and grade achieved)

C
C
C

Mathematics

Teaching and learning

69%
Staff make the subject interesting
86%
Staff are good at explaining things
73%
Ideas and concepts are explored in-depth
63%
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

86%
Library resources
79%
IT resources
90%
Course specific equipment and facilities
73%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

95%
UK students
5%
International students
67%
Male students
33%
Female students
54%
2:1 or above
8%
Drop out rate

Most popular A-Levels studied (and grade achieved)

B
C
C

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.

£23,000
med
Average annual salary
95%
med
Employed or in further education
89%
high
Employed in a role where degree was essential or beneficial

Top job areas of graduates

36%
Business, finance and related associate professionals
21%
Administrative occupations: finance
17%
Business, research and administrative professionals
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.

£23,000
med
Average annual salary
87%
low
Employed or in further education
98%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

29%
Business, research and administrative professionals
22%
Information technology and telecommunications professionals
10%
Business, finance 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.

Finance

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

£23k

£23k

£28k

£28k

£29k

£29k

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.

Sorry, no information to show

This is usually because there were too few respondents in the data we receive to be able to provide results about the subject at this university.

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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.

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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