Financial Mathematics BSc

This course integrates the study of mathematics with business finance, accounting and economics. You’ll be introduced to the major areas of mathematics and finance and develop a broad base of mathematical and financial skills. The programme is designed to prepare you for a career in the finance industry or other parts of the private and public sector where analytical and mathematical skills are valued.

Two-thirds of your time is spent on mathematics, including modules in financial mathematics covering mathematical modelling of financial and insurance markets, as well as pure, applied and statistical mathematics modules.

You’ll be taught by Leeds University Business School, which is internationally renowned for the quality of its teaching, research and facilities, in the areas of business finance, accounting and economics. As you progress through the course, you’ll have more flexibility and choice of modules, allowing you to explore your particular areas of interest.

Enhancing your degree

This course offers you the opportunity to spend a year working in industry or studying at a university abroad, both of which provide valuable experience and help your personal development. Both of these schemes add an additional year to your course, taking the total course length to 4 years.

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Accreditation

Certain options can receive Royal Statistical Society accreditation and others can receive exemptions from the Institute of Actuaries.

This course will provide you with an integrated programme of finance, economics and accounting combined with mathematics, specifically tailored to working within financial services. Each year, you’ll take 80 credits in mathematics, including financial mathematics modules, and 40 credits in modules taught by Leeds University Business School.

In the first year of the course you’ll study key mathematics topics, including calculus and mathematical analysis, numbers and vectors, probability and statistics, and financial mathematics. In addition, you’ll be introduced to financial accounting, management accounting and economic theory.

The second year builds on the knowledge you acquired in first year, with more in-depth modules on financial mathematics, statistics, accounting, microeconomics and macroeconomics. There is also a chance for you to broaden your knowledge base through optional modules in topics such as computational mathematics and numerical analysis.

In the final year, about one third of your time is spent on core modules in time-series modelling, stochastic analysis, and derivative pricing. In the remaining time, you have freedom of choice to pursue particular interests through a wide range of optional modules devoted to mathematics, finance, business studies and economics.

Course structure

The list shown below represents typical modules/components studied and may change from time to time. Read more in our Terms and conditions.

For more information and a full list of typical modules available on this course, please read Financial Mathematics BSc in the course catalogue

Modules

Year 1

Year 2

Year 3

Discovery modules

Throughout your degree you will benefit from a range of opportunities to expand your intellectual horizons outside or within your subject area.

This course gives you the opportunity to choose from a range of discovery modules. They’re a great way to tailor your study around your interests or career aspirations and help you stand out from the crowd when you graduate. Find out more about discovery modules on our Broadening webpages.

Learning and teaching

You’ll be taught through lectures, tutorials, workshops and practical classes. You’ll enjoy extensive tutorial support and have freedom in your workload and options.

We offer a variety of welcoming spaces to study and socialise with your fellow students. There’s a café, social and group study areas, a library and a seminar room, as well as a Research Visitors Centre and a Mathematics Active Learning Lab.

On this course you’ll be taught by our expert academics, from lecturers through to professors. You may also be taught by industry professionals with years of experience, as well as trained postgraduate researchers, connecting you to some of the brightest minds on campus.

Assessment

You’re assessed by a range of methods, including formal exams and in-course assessment.

Entry requirements

A-level: AAA/A*AB including Grade A in Mathematics.

AAA/A*AB where the first grade quoted is Mathematics, AAB/A*BB including Further Mathematics and where the first grade quoted is Mathematics, or AAB/A*BB where the first grade quoted is in Mathematics plus A in AS Further Mathematics.

Where an A-Level Science subject is taken, we require a pass in the practical science element, alongside the achievement of the A-Level at the stated grade.

Excludes A-Level General Studies or Critical Thinking.

GCSE: You must also have GCSE English at grade C (4) or above (or equivalent).

• Access to HE Diploma

  Normally only accepted in combination with grade A in A Level Mathematics or equivalent.

• BTEC

  BTEC qualifications in relevant disciplines are considered in combination with other qualifications, including grade A in A-level mathematics, or equivalent

• Cambridge Pre-U

  D3 D3 M2 or D2 M1 M1 where the first grade quoted is in Mathematics OR D3 M1 M2 or D2 M2 M2 including Further Maths where the first grade quoted is Mathematics.

• International Baccalaureate

  35 points overall with 17 at Higher Level including 6 in Higher Level Mathematics

• Irish Highers (Leaving Certificate)

  H2 H2 H2 H2 H2 H2 including Mathematics.

• Scottish Highers / Advanced Highers

  Suitable combinations of Scottish Higher and Advanced Highers are acceptable, though mathematics must be presented at Advanced Higher level. Typically AAAABB Including grade A in Advanced Higher Mathematics.

• Other Qualifications

  We also welcome applications from students on the Northern Consortium UK International Foundation Year programme, the University of Leeds International Foundation Year, and other foundation years with a high mathematical content. Read more on the School Foundation year programmes page.

Read more about UK and Republic of Ireland accepted qualifications or contact the School’s Undergraduate Admissions Team.

Alternative entry

We’re committed to identifying the best possible applicants, regardless of personal circumstances or background.

Access to Leeds is an alternative admissions scheme which accepts applications from individuals who might be from low income households, in the first generation of their immediate family to apply to higher education, or have had their studies disrupted.

Find out more about Access to Leeds and alternative admissions.

Typical Access to Leeds offer: ABB including A in Mathematics and pass Access to Leeds OR A in Mathematics, B in Further Mathematics and C in a 3rd subject and pass Access to Leeds.

If you do not have the formal qualifications for immediate entry to one of our degrees, you may be able to progress through a foundation year. We offer a Studies in Science with a Foundation Year BSc for students without a science background at A-level and an Interdisciplinary Science with Foundation Year BSc for applicants who meet specific widening participation criteria.

International Foundation Year

International students who do not meet the academic requirements for undergraduate study may be able to study the University of Leeds International Foundation Year. This gives you the opportunity to study on campus, be taught by University of Leeds academics and progress onto a wide range of Leeds undergraduate courses. Find out more about International Foundation Year programmes.

English language requirements

IELTS 6.0 overall, with no less than 5.5 in any one component, or IELTS 6.5 overall, with no less than 6.0 in any one component, depending on other qualifications present. For other English qualifications, read English language equivalent qualifications.

Improve your English
If you're an international student and you don't meet the English language requirements for this programme, you may be able to study our undergraduate pre-sessional English course, to help improve your English language level.

How to apply

Apply to this course through UCAS. The institution code for the University of Leeds is L23. Check the deadline for applications on the UCAS website.

International students apply through UCAS in the same way as UK/EU students. Our network of international representatives can help you with your application. If you’re unsure about the application process, contact the admissions team for help.

Read about visas, immigration and other information in International students. We recommend that international students apply as early as possible to ensure that they have time to apply for their visa.

Applicant days

If you receive an offer to study with us, we’ll invite you to attend one of our applicant days. You’ll have the opportunity to meet our academic staff and students, explore the School and University and find out more about your course and what it’s like to be a student at Leeds.

Admissions policy

Faculty of Engineering and Physical Sciences Undergraduate Admissions Policy 2021

Fees

UK: See fees section below

International: £22,500 (per year)

UK undergraduate tuition fees for 2021 entry 
For UK full-time students starting in 2021, the fee for 2021/22 will be £9,250.

The fee may increase in future years of your course in line with inflation, and as permitted by law. Fees for UK undergraduate students are decided by the UK government and may vary if policy changes.

EU students starting in 2021/22 
EU students starting their course in the 2021/22 academic year or later will now be classed as international students and so will need to pay the international student tuition fee.

UK undergraduate tuition fees for 2022 entry
Tuition fees for UK full-time undergraduate students starting in 2022/23 have not yet been confirmed by the UK government. In other years, the government has confirmed fee levels in the summer. When the fee is confirmed we will publish an update on all course pages.

Tuition fees for new international students for 2022 entry
Tuition fees for international students are published on each individual course page. These are usually published a year in advance, so 2022 course fees should be available from September 2021.

Tuition fees for a study abroad or work placement year
If you take a study abroad or work placement year, you’ll pay a reduced tuition fee during this period. For more information, see Study abroad and work placement tuition fees and loans.

Read more about paying fees and charges.

Brexit 
Visit our Brexit page for the latest information on the effect of the UK's exit from the EU on current students and applicants to the University.

There may be additional costs related to your course or programme of study, or related to being a student at the University of Leeds. Read more about additional costs

Financial support

If you have the talent and drive, we want you to be able to study with us, whatever your financial circumstances. There is help for students in the form of loans and non-repayable grants from the University and from the government. Find out more in our Undergraduate funding overview.

Scholarships

The School of Mathematics awards a range of scholarships.

A mathematics degree can take you down many career paths into some of the highest paid and most satisfying roles in employment. University of Leeds students are among the top 5 most targeted by top employers according to The Graduate Market 2021, High Fliers Research.

Recent graduates from the School of Mathematics have secured positions at organisations including:

• Lloyds Banking Group
• IBM
• Deloitte
• HMRC
• Marks and Spencer
• PwC
• Morgan Stanley
• Ministry of Defence

In virtually all areas of life, mathematical skills are highly valued. The numerical, analytical and problem solving skills you will develop, as well as your specialist subject knowledge and your ability to think logically, are highly valued across sectors, including financial services, IT, software design, data analysis, engineering, and teaching. This course also allows you to develop the transferable skills that employers seek.

Careers support

Throughout your degree course we will make sure that you have the support and opportunity to develop the skills and experience you’ll need to make the most of your career choices. The students’ union also provides volunteering opportunities which can help you in your personal development.

We teach problem-solving and high level thinking at all stages of your degree. We also provide modules that are specifically designed to boost your employability. The second year module “maths at work” engages you in group-based project. At the start of the module, you’ll undertake a skills audit, then prepare a CV, research a company for a mock interview, and participate in an interview workshop. Depending on the nature of your specific project, you may produce a report for a client or deliver a piece of software or webpage. Throughout the module, you’ll develop team work, communication, and presentation skills.

If you’re considering a career in teaching, you can gain experience of working in a local school or college through our “mathematics into schools” module. You’ll prepare teaching materials, deliver mathematics activities through lessons or a club, and organise a mathematics-based project that shows you how exciting the subject can be.

We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.

Leeds for Life is our unique approach to helping you make the most of University by supporting your academic and personal development. Find out more at the Leeds for Life website.

The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.

On this course you have the opportunity to apply to spend time abroad, usually as an extra academic year. We have over 300 University partners worldwide and popular destinations for our students include Europe, the USA, Canada, Australia, New Zealand, Singapore, Hong Kong, South Africa and Latin America.

Find out more on the Study Abroad website.

Work placements

Practical work experience can help you decide on your career and improve your employability. On this course you have the option to apply to take a placement year module with organisations across the public, private and voluntary sectors in the UK, or overseas.

Find out more about work experience on the Careers website.

The industrial placement (“Year in Industry”) scheme provides you with the opportunity to experience salaried work before you graduate. Employers actively seek graduates who already have work experience and it can make all the difference in interviews.

On this course, your industrial placement adds an additional year to your studies.

An industrial placement will boost your self-confidence, not only in your chosen subject area, but in the marketplace generally. You will be able to choose from a range of financial services organisations in which to work. In previous years, students have worked at many prestigious companies.

During your industrial placement you will have an industrial supervisor from within the company, plus an academic supervisor who will keep in touch throughout your placement.

If you are not sure right now whether or not an industrial placement is right for you, don't worry - you will not have to start applying for placements until the beginning of your second year.