Financial Mathematics BSc, 3-4 years

Start date:

2021

Course information

Typical offer AAB-ABB

Institute code L34

Taught by School of Mathematics and Actuarial Science

Admissions enquiries
+44 (0)116 252 5281
seadmissions@le.ac.uk

Course enquiries
+44 (0)116 229 7407
Mathematics@le.ac.uk

School of Mathematics and Actuarial Science website

This BSc degree in Financial Mathematics is for people who want to acquire the mathematical knowledge and computational skills required to model financial systems and solve challenging problems in the financial industry.

Course description

Course description

Due to the ongoing impact of the global pandemic we have had to evaluate all of our courses to ensure that we adhere to Government guidelines to protect the health and wellbeing of our staff and students. This means that as we work through these changes the modules, delivery methods and assessments shown, including those shown for future years, are subject to change.

Please note, this course is being advertised subject to approval.

The Financial industry is is one of the largest industries in the UK, offering great opportunities for a large variety of rewarding and stimulating careers. But it is also very complex, requiring good understanding of various financial models and products, which is impossible without a solid education in mathematics and economics.

In addition, many problems within the modern financial industry cannot be successfully tackled without the help of computers. As such, strong computational and programming skills are also a necessary asset for a successful career.

The unique offer of the BSc Financial Mathematics degree at the University of Leicester is in combining rigorous study of mathematical knowledge and tools relevant to financial industry, as well as development of essential computing and programming skills.

Leicester’s School of Mathematics and Actuarial Science has well-established expertise and extensive experience in providing its graduates with the mathematical knowledge and computational skills necessary to succeed in modern high-tech industries, including financial. The new BSc in Financial Mathematics complements and expands our offer alongside a very successful BSc degree in Mathematics and Actuarial Science, as well as MSc degrees in Financial Mathematics and Computation and in Actuarial Science and Data Analytics. The MSc degrees provide BSc Financial Mathematics graduates with the opportunity to continue their study of financial mathematics or related subjects at Leicester after the completion of their BSc degree.

Download a prospectus (PDF, 11MB)

Entry requirements

Entry requirements

  • A/AS-levels: AAB-ABB including Maths. Two AS-levels considered in place of one A-level
  • EPQ with A-levels: ABB-BBB + EPQ at grade B. A-level subjects to include Maths
  • Access to HE Diploma: Pass Diploma with a minimum of 45 credits at level 3, 30 of which must be at Distinction. Plus A-level Maths at grade A-B. We may consider substantial Level 3 Maths Access credits in place of A-level Maths. Please contact admissions regarding eligibility
  • International Baccalaureate: Pass Diploma with 30 points including 5 points in Maths at HL
  • BTEC Nationals: Pass Extended Diploma with D*DD plus A-level Maths at Grade A-B. Please contact Admissions regarding eligibility

Other national and international qualifications considered. If you do not meet the entry requirements for this course, you can apply for the International Foundation Year – Engineering and Technology run by the Global Study Centre. The GSC provides academic support to help you progress to your chosen undergraduate degree at the University of Leicester

Selection Process

When considering your application, we will look for evidence that you will be able to fulfil the objectives of the course and achieve the standards required. We will take into account a range of factors including previous exam results.

Applicants are not normally interviewed. If you receive an offer you will be invited to visit the School.

English Language Requirements

IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

International Qualifications

Find your country in this list to check equivalent qualifications, scholarships and additional requirements.

Countries List

Fees and funding

Fees and funding

UK and EU Students

Starting in 2021

The University of Leicester has made the decision to keep fees for EU students at the same level as UK student fees for this year, despite this no longer being a UK Government requirement.

  • £9,250 in your first year. Tuition fees are subject to government regulations and may change in future years
  • Year in Industry: your fee will be 15% of the full-time tuition fee that applies in that year

Find out more about scholarships and funding.

Additional costs

Additional costs for 2021/22 are yet to be confirmed.

International Students

Starting in 2021

Tuition fees for 2021/22 are yet to be confirmed. 

Find out more about scholarships and funding.

Additional costs

Additional costs for 2021/22 are yet to be confirmed.

Careers and employability

Careers and employability

Alongside your academic work we recognise that it is also important that you gain experience and develop your skills. Employability skills are embedded into our teaching throughout your studies so you will be developing the skills employers are looking for right from the start of your course.

Training in computing and programming is available for all students, helping you develop work-place skills. Our drop-in sessions are tailored to develop employability skills.

The 'Business Applications of Mathematics' module gives you the opportunity to experience the application of mathematical theory and mathematical modelling in a business context.

Graduate destinations

Our graduates are equipped for a wide range of careers and have gone into: the financial sector, including accountancy and actuarial work; management; the Civil Service; industry; and teaching (both primary and secondary education)

This undergraduate degree provides an excellent basis for a career in:

  • Modelling and forecasting financial markets
  • Derivative instruments and securities
  • Hedging and financial risk management
  • Asset allocation and investment management
  • Quantitative trading and arbitrage
  • Quantitative issues in corporate and public financial policy
  • Information technology in the financial services industry

Career Development Service


Get career-ready at Leicester with guidance from our award-winning Career Development Service. We're here to give you a lifetime offer of support, even after graduation. Our team of specialist careers advisers and mentors will help you every step of the way. From supporting you with CVs and interviews, to volunteering opportunities and placements, we're here to help you reach your professional goals.

Related courses

Related courses



Course structure

Year 1

Year 1

This is a foundational year, where students acquire essential knowledge in mathematics, statistics and economics, as well as start developing computational skills within Matlab or Python environments (for Linear Algebra and Calculus) and within R (for Statistics).

Core modules

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year 2

Year 2

In Year 2 students learn more advanced material in mathematics and statistics, as well as acquire stronger foundation of programming skills. They also have some optional modules tailored to their tastes, with focus either on mathematics and statistics, or on economics (taught by the School of Business). Students on the Year in Industry variant also take additional modules as a preparation for securing and starting the industrial placement.

Core modules

Option modules

 

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year in Industry (optional)

Year in Industry (optional)

A year in industry is a great opportunity which can give you first-hand experience of working in a mathematics-or finance-related career while also enhancing your employability skills and allowing you to network with people in industry.

You will undertake a programme of training and practical experience that is agreed between the sponsoring company and the University. A member of staff will be individually assigned to you as your industrial placement tutor, who will be in regular contact with you throughout your placement and will visit the sponsoring company.

NB. A year spent on an industrial placement still incurs a tuition fee, but this is much lower than for a normal year at Leicester. See our Fees and Funding section for details.

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Final Year

Final Year

In the final year of their degree, students study a range of specialised modules in financial mathematics and computation, as well as a variety of optional modules that continue the mathematics or economics focused streams. They also undertake a year-long individual Financial Mathematics Project, which provides an opportunity to develop independent learning and reporting skills essential for the modern workplace.

Core modules

Option modules

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Why Leicester?

Reading list

See the types of texts you might read, over the summer, to get a feel for the course and arrive prepared and ready to go.

View a reading list for Mathematics degrees

Experienced staff many with direct experience of working in the financial sector, combining mathematical rigour with practical approach to modelling and solving problems relevant to financial industry

Strong focus on developing computational programming skills, which are in high demand in the financial industry

Opportunity for you to spend a year in industry, for which you will have additional support before, during and after the placement

The School also offers more advanced MSc programmes in related subjects, so graduates from this programme can continue their study at Leicester

Teaching and learning

Teaching will include: lectures, small group tutorials, workshops, computer lab classes, project supervision, seminars.

State-of-the-art web-based materials, automated feedback and marking systems, on-line tests and electronic coursework submission all provide an excellent modern learning environment.

Assessment methods are varied and wide-ranging, including coursework assignments, computational exercises, presentations, class tests, written exams, project report.

Independent learning

When not attending lectures, seminars or other timetabled sessions you will be expected to continue learning independently through self-study. Typically, this will involve reading journal articles and books, working on individual and group projects, undertaking research in the library, preparing coursework assignments and presentations, and preparing for exams. To help with your independent learning, you can access the Library and our social study spaces in halls of residence.

Your contact hours will depend on the option modules you select. You can see details of the contact hours on individual module pages.

Academic support

Our Student Learning Development Team provides help in the following areas:

  • study and exam skills
  • academic writing
  • presentations
  • dissertations
  • numerical data skills
  • referencing sources

Our AccessAbility Centre offers support and practical help for students with dyslexia or other specific learning difficulties, including physical, mental health or mobility difficulties, deafness, or visual impairment.

Teaching staff

You will be taught by an experienced teaching team whose expertise and knowledge are closely matched to the content of the modules on the course. PhD research students who have undertaken teacher training may also contribute to the teaching of seminars under the supervision of the module leader. Our teaching is informed by the research we do. You can learn more about our staff by visiting our staff profiles.

Apply now

Course Qualification Duration Availability
Course Financial Mathematics Qualification BSc Duration 3 years Availability

2021 entry not yet available; any queries, contact admissions.

Course Financial Mathematics with Year in Industry Qualification BSc Duration 4 years Availability

2021 entry not yet available; any queries, contact admissions.