BRUNEL UNIVERSITY LONDON

Financial Mathematics

BSc (Hons)  |  Placement Year:   No

Mathematics is a fundamental subject that is constantly developing. 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. As a mathematics student you will develop an outlook and high level study skills that will be hugely valuable whatever career path you follow after graduation.

Two-thirds of this course consists of the compulsory parts of our wide-ranging Maths course and covers several application areas – finance, statistics, operational research (how maths can be applied to commercial and industrial problems) and numerical analysis. The remaining third covers the workings of financial markets, and corporate investment and finance.

Programme description

Mathematics is a fundamental subject that is constantly developing. 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. As a mathematics student you will develop an outlook and high level study skills that will be hugely valuable whatever career path you follow after graduation.

Two-thirds of this course consists of the compulsory parts of our wide-ranging Maths course and covers several application areas – finance, statistics, operational research (how maths can be applied to commercial and industrial problems) and numerical analysis. The remaining third covers the workings of financial markets, and corporate investment and finance.

Key Modules

The sky’s the limit – career prospects for mathematicians are excellent. Maybe you want to pursue a career that specifically uses your mathematical or statistical skills? Or perhaps you’d prefer a more general career – such as management or consultancy?

Either way you will possess key skills that are highly sought after by business – in fact any industry that uses modelling, simulation, cryptography, forecasting, statistics, risk analysis and probability.

These are some of the areas where a maths degree is highly valued:

  • Finance: banking, accountancy, actuarial, tax, underwriter, pensions, insurance
  • Medicine: medical statistics, medical and epidemiological research, pharmaceutical research
  • Design: engineering design, computer games
  • Science: biotechnology, meteorology, oceanography, pure and applied research and development
  • Civil Service: scientists (‘Fast Stream’, DSTL, DESG), GCHQ, security service, statisticians
  • Business: logistics, financial analysis, marketing, market research, sales oil industry, management consultancy, operational research
  • IT: Systems analysis, researc
  • Engineering: aerospace, building design, transport planning, telecommunications, surveying.
Module & Subject

Level 1

  • Transition to Independant Learning of Mathematics (10 credits)
  • Calculus
  • Fundamentals
  • Linear Algebra
  • Probability and Statistics
  • Algorithms and Numerical Methods
  • Financial Markets
  • Introduction to Data Handling for Finance
  • Algorithms and Numerical Methods
    Find out more information about Level 1

Level 2

  • Multivariable Calculus
  • Advanced Calculus and Numerical Methods
  • Linear Methods
  • Elements of Combinatorics
  • Analysis I
  • Probability and Statistics II
  • Operational Research
  • Elements of Investment Mathematics
  • Computing for Finance
  • Employability Skills

Level 2 Sandwich Placement

  • Work Placement

Level 3 Compulsory

  • Major Project (see below for more)
  • Stochastic Models
  • Mathematical Finance.

Level 3 Options

  • Ordinary and Partial Differential Equations
  • Statistics III
  • Risk and Optimisation for Financial Planning
  • Numerical Methods for Differential Equations.

Final year project

This is a very valuable feature of the Financial Mathematics BSc course – a substantial piece of individual, course-related work personally supervised by a staff member. Projects are often connected to staff research areas and may also be in response to industry demands. Work on the project accounts for about one-third of your final year study load.

Explore a topic of particular interest to you in-depth or work on a practical problem – the choice is yours.

Although students who undertake a work placement year can choose to focus their final year project on their work experience, they may also select from the projects offered each year by the mathematics staff. During 2010-2011 over 150 project titles were available to final year mathematics undergraduates. These covered a very wide range of mathematical areas and applications including, for example:

  • The very famous ‘travelling salesman problem’ (also known as ’the lazy waiter’!)
  • The discovery and identification of clustering behaviour in financial markets
  • The mathematics of complex networks such as the web, or even Facebook
  • Applications of statistics to the Premier League, police complaints data and global warming
  • Investigating traffic flow (are traffic lights better than roundabouts?).

Our students also have opportunities to study modern theories in quantitative finance, with particular emphasis on the maths and computation underlying the powerful and influential financial derivatives (e.g. options) industry. Often termed the ‘Black-Scholes theory’, this is famous for winning its discoverers a Nobel prize, as well as for its misapplication often being blamed (rightly or wrongly) for the current worldwide financial crisis.

Most of our projects can be carried out in ways that suit the student's strengths and interests. For example, it is often possible to choose to emphasise concrete applications or abstract theory, and the project can be carried out using theoretical tools only, or computational tools only, or a mixture of both.

Entry Requirements
  • GPA 5.0 or 80%

    75% is required in any specific subjects that are stated in GCE A-level entry requirements above.

    • IELTS: 6 (min 5.5 in all areas)
    • Pearson: 51 (51 in all subscores)
    • BrunELT: 60% (min 55% in all areas)
Foundation Campus
No Foundation
Course Option
Course Duration: 4 years
Course Fee:  16200.00
Course Level: 
Application Deadline 
International Student:   (15,July)
Location
Country:  UNITED KINGDOM
Campus Location:  Brunel University London, Kingston Lane Uxbridge Middlesex UB8 3PH
Intake Deadline
SEPTEMBER