Financial Mathematics BSc (Hons) – 2020 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.
Within 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
- 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 upon 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 take 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’ll be periodically visited by a member of academic staff who will track your progress and help ensure that you have a successful experience.
It’s possible to transfer between courses which do or do not include a Professional Training placement, so a decision made when you apply can be changed later.
Professional Training placements are sandwiched between years 2 and 3. They provide you with an opportunity to enhance your academic studies, with practical experience boosting 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
Most students apply for and secure their Professional Training placement through our online employability and careers platform, Surrey Pathfinder, which gives you access to thousands of placement opportunities each year. We do not place students but provide plenty of support and guidance throughout the recruitment process. Having applied, you will participate in the placement provider’s own recruitment and selection procedures, which will vary depending on the organisation.
The University will also support students who want to source their own placement outside of Surrey Pathfinder, subject to University requirements being met.
Please be aware that attending interviews and assessment centres at a placement provider’s premises may require travel expenses.
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 the logical insight, analytical skills and intellectual discipline gained from a mathematical education are also highly sought after in areas such as law, business and management.
There is also 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 courses will 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 studies 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.
In your second year, you have the option of spending one or two semesters abroad 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, as well as your ability to deal with unfamiliar situations. This really strengthens 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 may 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. 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.
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 your first year, you’ll 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, taken either as individual work or within small groups. We make imaginative use of state-of-the-art IT, with general and specialist software further enriching and enlivening your learning experience.
Research students will sometimes help to deliver your modules. These students will be researching in a similar subject to the module, and will have undertaken training prior to being invited to teach. 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.
We normally make offers in terms of grades.
If you are a suitable candidate you will be invited to an Applicant Day. During your visit to the University you can find out more about the course 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 To be confirmed
BSc (Hons) (with professional training year)
UK and EU To be confirmed
Professional training To be confirmed
- Fees for UK students: The University will apply annual regulated increases in the fee rates as set by Government each year, in order to maintain the same value in real terms.
- Fees for EU students: While the UK is part of the EU, the University will apply annual regulated increases in the fee rates as set by the Government each year, in order to maintain the same value in real terms. Once the UK has left the EU, the fees rules may change and the University is bound to comply with applicable legislation.
- Fees for international students: Annual fees will increase by 4% for each subsequent year of study, rounded up to the nearest £100, subject to any overriding applicable legislative requirements.
- Fees for international students with an integrated foundation year: The programme fee for Year 0 will match the lowest Year 1 overseas fee rate from across the substantive programmes for that year of entry. Students subsequently progressing into Year 1 will be liable for the same fee as overseas students joining at Year 1 for the same programme in that year. Annual fees after Year 1 will increase by 4% for each subsequent year of study, rounded up to the nearest £100, subject to any overriding applicable legislative requirements.
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.
- Students in receipt of a Tuition Fee Loan: will have their fees paid by the Student Loans Company in line with their schedule.
- International students, or UK/EU students who have not taken out a Tuition Fee Loan: are required to pay their fees either in full at the beginning of the programme or in two instalments as follows:
- 50% payable 10 days after the invoice date (expected to be early October of each academic year)
- 50% in January of the same academic year.
The exact date(s) will be detailed on invoices. Students on certain part-time programmes, where fees are paid on a modular or stage basis, are not eligible to pay their fees by instalment.
If you are sponsored: you will provide us with valid sponsorship information that covers the period of your study.
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
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.