Financial Mathematics BSc (Hons) – 2019 entry
Why choose this course
Providing the ideal preparation for a career in finance, our BSc Financial Mathematics course offers a broad range of modules across mathematics, statistics, economics and finance. Our course will enable you to develop skills such as creative problem-solving and logical reasoning, which are in great demand in a wide range of career sectors.
At Surrey’s Department of Mathematics, you’ll be taught in a vibrant, friendly and supportive community where you will benefit from a personal tutor, small group teaching and a lively, research-active learning environment.
What you will study
Our unique BSc Financial Mathematics course is approximately one-third core statistics, one-third mathematics and one-third economics and finance. You will study topics such as analysis of shares, equities, cash flows and interest rates, and the principles of microeconomics and macroeconomics, while gaining a strong foundation across the fundamentals of mathematics.
In your third year, you’ll be able to choose from a broad range of optional modules in topics such as derivatives markets, game theory and Bayesian statistics, enabling you to tailor your course to your individual interests and career aspirations. Since our teaching is directly informed by our world-leading research, you’ll also learn from academics who are leading their way in their fields.
Customise your course
There are plenty of opportunities to expand your learning experience during your degree. You may decide to take a Professional Training placement year in industry, spend time studying at a university overseas, or get involved in research through a summer internship within the Department of Mathematics.
Professional Training placements
A Professional Training placement provides you with the opportunity to develop your professional, academic and personal potential, equipping you to be adaptable, resilient, globally minded, confident, entrepreneurial and digitally savvy in the workplace. These qualities are widely recognised by employers and many of our students are offered employment on graduation by their placement provider.
The Professional Training placement year gives our students an insight into their subject and career potential, and early access to professional experience. It can be invaluable in developing work-based skills and helping them secure a graduate career.
Find out more about Professional Training placements and discover how these have transformed our students’ lives and career choices.
Financial Mathematics placements
Mathematicians are in demand in many areas of business and industry, and this breadth is reflected in the Professional Training placements that students can undertake as part of their course.
You might choose to gain experience in financial services including banking, insurance, computer programming or logistics. You might even be involved in an internet start-up.
On placement, you will be visited periodically by an academic member of staff who will track your progress and help ensure that you have a successful experience.
Transfer between programmes which do or do not include a Professional Training placement is possible during the course of your degree, so a decision made when you apply can be changed later.
Professional Training placements are sandwiched between Years 2 and 3.
Placements provide you with an opportunity to enhance your academic studies, with practical experience augmenting your knowledge and skills.
We have excellent links with an extensive portfolio of companies and organisations, including:
- Lloyds Banking Group (Credit Risk)
- Iris Concise
- Oracle Corporation UK Ltd
- Morgan Stanley
- Mazars LLP
- Legal & General.
Applying for placements
Professional Training placements are usually applied for and secured via our online placement opportunities platform called Surrey Pathfinder, within which students can select and apply for placement vacancies. Placement providers use their own recruitment and selection procedures and the majority of students will secure their placement in this way. However, support is also provided to students wishing to source their own placement, subject to university requirements being met.
Students are generally not placed by the University, however they are given thorough support and guidance alongside access to the vacancy portal representing thousands of placement opportunities each year. Please be aware there may be travel costs incurred when attending interviews and assessment centres at the placement provider’s premises.
BSc (Hons) - Institute of Mathematics and its Applications (IMA)
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 masters degrees.
Careers and graduate prospects
We offer careers information, advice and guidance to all students whilst studying with us, which is extended to our alumni for three years after leaving the University.
Rather than asking which careers require mathematics, the question should probably be which careers do not.
Not only are mathematics and statistics central to science, technology and finance-related fields, but also the logical insight, analytical skills and intellectual discipline gained from a mathematical education are highly sought after in areas such as law, business and management.
Additionally, there is a strong demand for new mathematics teachers to meet the ongoing shortage in schools. In your third year you may take a module in ‘Mathematics Education', which will give you direct experience of life in a local school. Students who undertake this module are often recruited by the teaching profession.
Many of our graduates start their careers with some of the most sought-after employers in the UK or further afield.
Recent graduates have entered employment in roles such as:
- Actuarial Trainee, Ageas Insurance Ltd
- Credit Risk Analyst, Lloyds Banking Group
- Financial Analyst, Cummins Inc.
- Actuarial Analyst, Capital Life and Pensions
- Junior Management Accountant, Virgin Media
- Actuarial Analyst, KPMG
As well as being designed to meet the needs of future employers, our degree programmes will also give you a solid foundation from which to pursue further study in mathematics or scientific research.
Around a quarter of our recent graduates have gone into postgraduate education, either to obtain a teaching qualification or to study for a higher degree, such as an MSc or PhD.
Study and work abroad
We give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities or by completing a Professional Training placement abroad. In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV. View our study and work abroad exchange information to find out more and see where you can go.
Please note: the status of the Erasmus+ scheme is dependent on the outcome of the Brexit negotiations.
You have the option of spending one or two semesters abroad in your second year at one of our partner universities, including:
- Brock University, Canada
- Nanyang Technological University, Singapore
- North Carolina State University, US
- Texas Tech University, US
- University of Central Florida, US
- University of Cincinnati, US
- University of North Texas, US
- University of Sydney, Australia.
International experiences expose you to a new cultural environment that develops your adaptation and communication skills and also your ability to deal with unfamiliar situations, thus strengthening your academic and professional profile.
In addition, or alternatively, you may wish to consider spending your Professional Training placement year working in another country. If you work in another part of Europe, you will be eligible for an Erasmus+ grant.
This is an excellent opportunity not only to acquire valuable work experience, but also to improve in or learn another language.
Terms and conditions
When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations, and our terms and conditions. These terms and conditions are provided in two stages: first when we make an offer and second when students who have accepted their offers register to study at the University. View our offer terms and conditions and our generic registration terms and conditions (PDF) as a guide as to what to expect.
Please note: our offer terms and conditions will be available in the September of the calendar year prior to the year in which you begin your studies. Our registration terms and conditions will vary to take into account specifics of your course.
This online prospectus has been prepared and published in advance of the academic year to which it applies. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. Read more.
Academic year structure
The academic year is divided into two semesters of 15 weeks each. Each semester consists of a period of teaching, revision/directed learning and assessment.
The University operates a credit framework for all taught programmes based on a 15-credit tariff. All taught modules are 15 credits. Project modules and dissertation modules can be either 15, 30, 45 or 60 credits.
Modules listed are indicative, reflecting the information available at the time of publication. Please note that modules may be subject to teaching availability, student demand and/or class size caps.
The University operates a credit framework for all taught programmes based on a 15-credit tariff. Modules can be either 15, 30, 45 or 60 credits, and additionally for some masters dissertations, 90 credits.
Please note: If there is an optional Professional Training placement as part of your course you can view the full module listing for this on the relevant programme specification.
The structure of our programmes follows clear educational aims that are tailored to each programme. These are all outlined in the programme specifications which include further details such as the learning outcomes:
Optional modules for Year 2 - FHEQ Level 5
Seven modules are compulsory at FHEQ Level 5. In Semester 2, students choose one .
Optional modules for Year 3 - FHEQ Level 6
Students must choose 5 optional modules (or 4 if the BSc project is chosen), at least 30 credits of which must be MAT modules. Students must not choose both MAT3046 and ECO3011.
Timetables are normally available one month before the start of the semester. Please note that while we make every effort to ensure that timetables are as student-friendly as possible, scheduled teaching can take place on any day of the week (Monday–Friday). Wednesday afternoons are normally reserved for sports and cultural activities. Part-time classes are normally scheduled on one or two days per week, details of which can be obtained from the course administrators. View our Timetabling Policy (PDF).
Teaching is delivered through a mixture of lectures, tutorials and computer laboratory sessions.
In Year 1, you will have weekly seminars for specific modules.
We anticipate that each academic year will involve roughly 1,200 hours of study time, with contact hours occupying between a third and a quarter of this. The remaining time is used for independent study, completion of coursework and revision.
Assignments include exercises, case studies and projects, undertaken either as individual work or within small groups. We make imaginative use of state-of-the-art IT, and general and specialist software further enriches and enlivens the learning experience.
There may be occasions when the delivery of your teaching is supported by postgraduate research students. The University has a set of procedures that govern the use of postgraduate research students in this way.
This course is taught by academic staff from the Department of Mathematics.
BEVAN JJ Dr (Maths)
All taught students are assigned a personal tutor before beginning a programme of study. Personal tutors offer support and advice to students in the areas of:
- Academic progress
- Pastoral/welfare issues
- Personal/professional development and employability.
Modules are assessed individually and credits are awarded for the successful completion of each one. Assessment takes place through a combination of examination and/or coursework, practical examinations and reports.
From these assessments, as well as from informal assignments, you will receive regular feedback that will allow you to gauge your progress and make an informed choice of optional modules.
Contact hours can vary across our modules. Full details of the contact hours for each module are available from the University of Surrey's module catalogue. See the modules section for more information.
Learning and disability support
We have two services, Academic Skills and Development and the Disability and Neurodiversity Service which can help develop your learning.
Academic Skills and Development
Academic Skills and Development is a learning space in the Library where our learning development team is based. It comprises dedicated Student Learning Advisers and Information Skills Librarians who can help you develop your academic and research skills, including writing, presenting, revision and critical thinking.
Find out more about the study support available.
Disability and Neurodiversity Service
The University’s Disability and Neurodiversity Service supports students with disabilities, long-term health conditions, specific learning differences (such as dyslexia and dyspraxia) and other neurodiverse conditions (including autism spectrum and attention deficit disorder).
If you tell us about any conditions and register with us, we can give you appropriate support during your studies.
We can arrange exam and learning support adjustments, give advice on applications for the Disabled Students' Allowance, and test you for dyslexia and dyspraxia. We can also offer regular study skills and mentoring support.
English language support
Our English Language Support Programme (ELSP) provides tailored English language support during your studies. It is particularly valuable to students who speak English as a second or additional language, but native speakers are also welcome.
What qualifications do you need?
English language requirements
IELTS Academic: 6.0 overall with 5.5 in each element.
View the other English language qualifications that we accept.
If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.
Offers are normally made in terms of grades.
Suitable candidates will be invited to an Applicant Day. During the visit to the University the candidate can find out more about the programme and meet staff and students.
Recognition of prior learning
The University of Surrey recognises that many students enter their higher education course with valuable knowledge and skills developed through a range of professional, vocational and community contexts. If this applies to you, a process called recognition of prior learning (RPL) may allow you to enter your course at a point appropriate to your previous learning and experience, or to join the start of a course without the formal entry requirements. This means that you may be exempt from certain elements of study in the course for which you have applied and be awarded credit based on your previous qualifications/experience. There are restrictions on RPL for some courses and fees may be payable for certain claims.
Please see the code of practice for recognition of prior learning and prior credit: taught programmes (PDF) for further information. Please email Admissions with any queries.
UK and EU £9,250
BSc (Hons) (with professional training year)
UK and EU £9,250
Professional training £1,850
Overseas students: please note that annual fees will rise by four per cent (rounded up to the nearest £100) for each year of study.
The University will assess your fee status. If you are unsure whether you are likely to be considered a home, EU or overseas student for fees purposes, the UKCISA website offers more information.
There are associated costs with this course:
- Commuting (local travel expenses) - £60
Travel costs may be incurred in order to attend the placement school
Grand total - £60
Professional Training placement fees
Programmes marked with a tick in the table above include a Professional Training placement.
A reduced fee is charged for Professional Training placements.
Fees will not have to be paid up front for those eligible students who decide to take up the Government's loan for higher education fees. The Professional Training placement is a key factor in the high employability rates achieved by students with Surrey degrees.
Scholarships and bursaries
We're committed to making sure that we offer support for students who might need it.
Application Deadline: 31.07.19
Find out more
How to apply
Learn how to apply for an undergraduate course, see details about the UCAS application process and determine the steps you need to take if you receive an offer to study.
Our undergraduate admissions policy provides the basis for admissions practice across the University and gives a framework for how we encourage, consider applications and admit students.
Campus locationStag Hill
Stag Hill is the University's main campus and where the majority of our courses are taught.
As part of this course you have the option to complete a Professional Training placement which would require attendance off campus, depending on where you secure your placement.