Financial Mathematics : MSci Hons : GN1H

Master

In Lancaster

£ 9,250 VAT inc.

Description

  • Type

    Master

  • Location

    Lancaster

  • Duration

    4 Years

  • Start date

    Different dates available

Financial mathematicians are interested in making good decisions in the face of uncertainty. Through our rigorous Masters programme, you will develop advanced skills and knowledge to become a major decision maker and influencer in your chosen career.

Financial maths is about learning to interpret and manipulate data to draw valuable conclusions and make predictions. This is particularly important in business and finance, but the skills gained from this programme are widely applicable and highly sought after. Over the first three years, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics. Studying at Masters-level, you will gain an advanced understanding of the discipline and will develop a greater breadth and depth of financial and mathematical expertise.

During your first year, you will build on your previous knowledge and understanding of mathematical methods and concepts. Modules cover a wide range of topics from calculus, probability and statistics to logic, proofs and theorems. As well as developing your technical knowledge and mathematical skills, you will also enhance your data analysis, problem-solving and quantitative reasoning skills. During this year, you will also receive an introduction to accounting and finance, which will provide you with a comprehensive understanding of the concepts and techniques of the discipline, including financial accounting, managerial finance, and financial statement analysis.

Facilities

Location

Start date

Lancaster (Lancashire)
See map
Lancaster University, LA1 4YW

Start date

Different dates availableEnrolment now open

About this course

Financial maths graduates are very versatile, having in-depth specialist knowledge and a wealth of skills. Through this degree, you will graduate with a comprehensive skill set, including data analysis and manipulation, logical thinking, problem-solving and quantitative reasoning, as well as adept knowledge of the discipline. As a result, financial mathematicians are sought after in a range of industries. However, graduates of this programme are ideally placed to forge rewarding careers in the business and finance, and government sectors.

The starting salary for many financial maths graduate roles is highly competitive, and career options include:

Actuary
Data Analyst
Finance Manager
Financial Analyst
Insurance Underwriter
Investment Analyst
Market Researcher
Alternatively, you may wish to undertake postgraduate study at Lancaster and pursue a career in research and teaching.

A Level AAA including A level Mathematics or Further Mathematics OR AAB including A level Mathematics and Further Mathematics

IELTS 6.5 overall with at least 5.5 in each component.

Questions & Answers

Add your question

Our advisors and other users will be able to reply to you

Who would you like to address this question to?

Fill in your details to get a reply

We will only publish your name and question

Reviews

Subjects

  • Data analysis
  • Statistics
  • Mathematics
  • Economics
  • Financial Mathematics
  • Finance
  • Financial
  • Accounting and Finance
  • Financial Training
  • GCSE Mathematics

Course programme

Many of Lancaster's degree programmes are flexible, offering students the opportunity to cover a wide selection of subject areas to complement their main specialism. You will be able to study a range of modules, some examples of which are listed below.

Year 1

Core

    • Calculus
    • Convergence and Continuity
    • Discrete Mathematics
    • Further Calculus
    • Geometry and Calculus
    • Integration and Differentiation
    • Introduction to Accounting and Finance
    • Linear Algebra
    • Numbers and Relations
    • Probability
    • Statistics
Year 2

Core

    • Advanced Principles of Finance
    • Further Topics in Economics for Managers
    • Introduction to Economics for Managers
    • Probability II
    • Real Analysis
    • Statistics II

Optional

    • Principles of Finance
Year 3

Core

    • Likelihood Inference
    • Probability Theory

Optional

    • Bayesian Inference
    • Corporate Finance
    • Financial Markets
    • International Financial and Risk Management
    • Investments
    • Medical Statistics: study design and data analysis
    • Quantitative Finance
    • Statistical Models
    • Stochastic Processes
    • Time series analysis
Year 4

Core

    • Derivatives Pricing
    • Optimisation
    • Spreadsheet Modelling for Quantitative Finance

Optional

    • Assessing Financial Risk: Extreme Value Methods
    • Bayesian Inference
    • Behavioural Finance
    • Clinical Trials
    • Computer Intensive Methods
    • Dissertation
    • Financial Econometrics
    • Forecasting
    • Generalised Linear Models
    • Industrial Dissertation
    • International Money and Banking
    • International Money and Finance
    • Introduction to Intelligent Data Analysis (Data Mining)
    • Lebesgue Integration
    • Longitudinal Data Analysis
    • Mathematics Dissertation
    • Microeconomics for Money, Banking and Finance
    • Principles of Epidemiology
    • Statistics Dissertation
    • Stochastic Processes

Lancaster University offers a range of programmes, some of which follow a structured study programme, and others which offer the chance for you to devise a more flexible programme. We divide academic study into two sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). For most programmes Part 1 requires you to study 120 credits spread over at least three modules which, depending upon your programme, will be drawn from one, two or three different academic subjects. A higher degree of specialisation then develops in subsequent years.

Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.

Additional information

Oversea Fee - £18,195

Financial Mathematics : MSci Hons : GN1H

£ 9,250 VAT inc.