Financial Mathematics BSc (Hons) – 2021 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.
Since our world-leading research directly informs our teaching, 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.
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 take up 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.
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.
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.
Important: In light of the Covid-19 pandemic the University has revised its courses to incorporate the ‘Hybrid Learning Experience’ in a departure from previous academic years and previously published information. The University has changed the delivery (and in some cases the content) of its programmes. Further information on the general principles of hybrid learning can be found at: Hybrid learning experience | University of Surrey.
We have updated key module information regarding the pattern of assessment and overall student workload to inform student module choices. We are currently working on bringing remaining published information up to date to reflect current practice in time for the start of the academic year 2021/22. This means that some information within the programme and module catalogue will be subject to change. Current students are invited to contact their Programme Leader or Academic Hive with any questions relating to the information available.
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, 75 and 120 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:
Course 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. 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.
There may be occasions when the delivery of your teaching is supported by graduate teaching assistants. The University has a set of procedures that govern the use of postgraduate research students in this way.
We assess modules individually and award credits for the successful completion of each one. You will be assessed 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.
As a student at Surrey, you can also sign up to our free courses in the following areas:
Living in student accommodation is a great way to meet new people and spark friendships.
Do I meet the requirements for this course?
We require you to submit a full application so that we can formally assess whether you meet the criteria published. Unfortunately, we are unable to provide an outcome based on an enquiry (via email, webform enquiry, phone or live chat).
Other international qualifications
If you are an international student and you don’t meet the entry requirements to this degree, we offer the International Foundation Year, run by the Surrey International Study Centre.
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 contact Admissions on +44 (0)1483 682222 with any queries.
The annual tuition fees for courses starting in October 2021
BSc (Hons) (with professional training year)
Professional training £1,850
BSc (Hons) (with foundation year)
BSc (Hons) (with foundation and professional training year)
Professional training £1,850
- 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: The UK is now no longer part of the EU, we are awaiting further instruction from the UK government and we will publish this as soon as it is provided. Find out more information about Studying in the UK and the Scholarships for EU students.
- 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.
Professional Training placement fees
If you are studying on a programme which contains a Professional Training placement year there will be a reduced fee for the academic year in which you undertake your placement. This is normally confirmed 12 to 18 months in advance, or once Government policy is determined.
See the information about 2020/21 academic year Professional Training placement fee.
There are associated costs with this course:
- Commuting (local travel expenses): £60 – travel costs may be incurred in order to attend the placement school (please note this is only applicable if you take the MAT3017 Mathematics Education module).
Grand total: £60
Scholarships and bursaries
We're committed to making sure that we offer support for students who might need it.
You have the option to complete a Professional Training placement as part of this course. This will give you the opportunity to develop your professional, academic and personal potential, helping to prepare you for your future career.
A significant proportion of placement students at Surrey are offered graduate-level jobs or go onto postgraduate study.
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.
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
You can apply for numerous opportunities via an open and free-to-all process. Placement providers use their own recruitment and selection procedures and the majority of students will secure their placement in this way.
Students are generally not placed by the University, however we offer support and guidance throughout the process alongside access to a vacancy portal representing thousands of placement opportunities each year. We also provide support if you wish to source your own placement.
Find out about more about the application process.
Please be aware there may be travel costs incurred when attending interviews and assessment centres at the placement provider’s premises.
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.
Want to study at an overseas institution as part of your degree or work abroad during your Professional Training year? Perhaps you would like to volunteer in India or learn about Brazilian business and culture in São Paulo during your summer holidays? With more than 200 partnerships, from 50 different countries worldwide, there is something for everyone.
Not only is the opportunity to go abroad a hugely enjoyable experience, you will develop key skills and knowledge that will strengthen your CV and increase your employability.
View our study and work abroad exchange information to find out more and see where you can go.
In your second year, you have the option of spending 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 North Texas, US
- University of Sydney, Australia.
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 procedures, the student 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 an example of our offer terms and conditions and our registration terms and conditions (PDF) from the 2020/2021 academic year as a guide as to what to expect.
Please note: our offer terms and conditions will generally 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 and changes for the specific academic year.
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 and before you accept an offer. Read more.
In particular we wish to draw your intention to the following matters affecting the academic year 2021/2022:
- Covid-19 - In light of the COVID-19 pandemic, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the 2020/2021 academic year. These changes include the implementation of a hybrid teaching approach, details of which can be found here [link]. It is anticipated that these programme changes and the hybrid learning approach will be adopted throughout the academic year 2021/2022, however, given the changing nature of the pandemic, this is being kept under continuous review. Detailed information on all changes as a result of the COVID-19 pandemic is available at the coronavirus course changes page. The linked pages set out information relating to general University changes and will also direct you to consider additional information relating to specific programmes.
- Brexit - The UK is now no longer part of the EU. We are awaiting further information and instruction from the UK government and we will publish this as soon as it is provided. EU students applying for programmes in the academic year 2021/2022 and students applying for courses with placements abroad should visit our dedicated webpages for the latest information on how the UK’s departure from the EU will affect their courses.
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.