Financial and Actuarial Mathematics

The programme is highly flexible and there are no compulsory modules, meaning you can build your own programme of study that suits your interests as well as the MSc programme you want to study after the GradDip. Your choices will be checked and approved by the Programme Leader, who might also suggest different choices according to your background.

Around half of the total number of credits you study should come from level 3 modules, including no more than one project module. You’ll need to pass at least 100 credits – including at least 60 credits at level 3 – and have an overall average of at least 40 to graduate with the GradDip.

Course structure

These are typical modules/components studied and may change from time to time. Read more in our Terms and conditions.

Modules Year 1

Optional modules

• Corporate Finance 20 credits
• International Business Finance 10 credits
• Financial Mathematics 2 10 credits
• Financial Mathematics 3 10 credits
• Numerical Analysis 10 credits
• Numerical Analysis with Computation 15 credits
• Introduction to Optimisation 10 credits
• Statistical Methods 10 credits
• Statistical Modelling 10 credits
• Introduction to Markov Processes 10 credits
• Survival Analysis 10 credits
• Computational Mathematics 10 credits
• Project in Mathematics 20 credits
• Analytic Solutions of Partial Differential Equations 15 credits
• Numerical Methods 10 credits
• Actuarial Mathematics 1 15 credits
• Actuarial Mathematics 2 15 credits
• Linear Regression and Robustness 15 credits
• Stochastic Financial Modelling 15 credits
• Multivariate Analysis 10 credits
• Time Series 10 credits
• Bayesian Statistics 10 credits

For more information on typical modules, read Financial and Actuarial Mathematics GradDip in the course catalogue

Learning and teaching

The flexibility of this programme means that you can choose from modules that use a wide range of teaching and learning methods. These could include example classes, practicals, lectures, seminars, workshops and tutorials among many others.

However, independent study is another vital element of the programme which allows you to develop your skills and prepare for taught sessions.

Assessment

You’ll come across a variety of assessment methods which could include exams as well as problem sheets, essays, practicals, class tests and other forms of coursework.