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Financial Mathematics (with foundation year) BSc (Hons)

Start date

  • Level(s) of Study: Undergraduate
  • Typical Offer: 72 UCAS tariff points
  • UCAS Code(s): GN14
  • Start Date(s): September 2024
  • Duration: Four years full-time
  • Study Mode(s): Full-time
  • Campus: Clifton Campus
Information for 2024

Introduction:

Every journey starts with a single step and your foundation year is just the start. You’ll focus on mathematics while exploring science. This combination gets you off to a flying start as you move on to BSc (Hons) Financial Mathematics in your second year.

You’ll take part in a series of projects both individually and in a group – some set by industry and some based on real world-scenarios. This develops your problem-solving and creative thinking skills whilst providing a practical focus.

If you find financial mathematics isn’t for you, we can support you to move into one of our other mathematics courses at the end of your foundation year.

  • 97% of our mathematics students were in work or further study 15 months after graduation (Graduate Outcomes Survey 2020/21).
  • We offer Mathematics Undergraduate Research Scholarships (MURS) - funding for a short research placement. It's an opportunity to further your research interests and contribute to the department.
  • Join our Mathematics Society, and you’ll have the opportunity to take part in regular events hosted on campus by the local branch of the Institute of Mathematics and its Applications.
  • Top 20 in the UK for teaching quality in Mathematics (Times and Sunday Times Good University Guide 2024)

What you’ll study

The financial services industry makes a significant contribution to the UK economy, and effective financial management is vital to the success of any business. That’s why skilled financial mathematicians are in such high demand. This course gives you a broad knowledge of financial mathematics in accountancy practice, the operations of financial markets, and the wider business environment, so that when you graduate you’ll have a solid but flexible knowledge base that will put you in a fantastic position to get the job that you want.

After your foundation year, you’ll explore a wide range of mathematical techniques and applications. Then, in your final year, you’ll get to choose a number of specialist modules depending on your own personal preferences and career aspirations.

Introductory Mathematics (20 credit points)

This module provides an introduction to important mathematical ideas, including Algebraic rearrangement, Trigonometry, Vectors, Descriptive Statistics, Integration and Differentiation. You’ll gain an understanding of ideas that form the basis of later, more specialised, developments and you’ll be able to solve simple but realistic mathematical problems.

Intermediate Mathematics (20 cp)

This module aims to provide the link between Introductory Mathematics and degree-level Mathematics. You’ll cover more complex topics such as the chain rule and integration by parts, the generalisation of vectors to matrices, the approximation of numerical series, logic and probability, complex numbers and mathematical proof.

Computational Mathematics (20 cp)

A hands-on introduction to ideas and skills which cross Mathematics, Physics and Computing. Using software such as Excel and Matlab, you’ll learn about mathematical ideas like matrices and the consideration of how physical systems can be represented mathematically.

Introduction to Programming (20 cp)

Learn how to design, code, test and debug basic Python language programs. In the first part of this module, you’ll look at the basics of Python such as text strings, loops and functions. In the second part of the module, you’ll be introduced to maths-related Python libraries such as pandas, scipy.stats and matplotlib.

Practical and Professional Skills (20 cp)

This module aims to provide a link between the theoretical modules in the course and their practical implementation. The professional skills aspect will help you with interpreting coursework requirements, exam and revision techniques, note-taking and referencing. The practical sessions will cover a variety of topics that require you to make use of the scientific principles and mathematical techniques that you’re learning in the other modules on the course.

Calculus (20 credit points)

In this module you’ll study methods of differentiation and integration, from the fundamental principles, to integrating and differentiating complicated functions. Ordinary differential equations will be looked at and in combination with material you’ll learn how to solve these new types of equations.

Data Analysis (20 cp)

Providing you with an introduction to important statistical ideas and their application in modern software. You will explore data analysis, probability, statistical inference and statistical modelling.

Introduction to Linear Algebra and Computation (20 cp)

Studying Linear Algebra gives you a great base knowledge you’ll use in many modules during your course. Concepts include complex numbers, vectors and matrices. Using mathematical software packages you’ll focus on computational and numerical methods that can be used to find approximate solutions to problems that cannot be solved analytically.

Introduction to Discrete Mathematics and its Applications (20 cp)

You’ll start by learning how to program using Python before investigating discrete mathematics problems. Working in groups, you’ll discover potential solutions which you’ll use algorithms in Python to computerise your solutions.

Introduction to Economics and Finance (20 cp)

Gain knowledge of national and international economic systems including implications for individual industries and companies. You’ll study digital economy characteristics in comparison to traditional economic activity. Analytical, numerical and IT skills used in the study of business data will be developed.

Accounting and Finance for Managers (20 cp)

Provides non-accounting managers with the skills and competencies to make effective use of accounting information, especially for control and decision-making purposes.

Core modules

Differential Equations (20 cp)

Extend your knowledge of calculus, differential equations and linear algebra, and gain an introduction to difference equations, the Eigen problem and transform methods.

Probability and Statistical Inference (20 cp)

Refine your knowledge of statistical inference and statistical modelling and further develop essential computational and IT skills.

Mathematical Enterprise (20 cp)

In this module you’ll work in small teams to develop a plan for a new business or enterprise, using your mathematical skills to showcase the viability of your venture. This module is run in conjunction with Nottingham's Creative Quarter and you’ll work with several local businesses to create business plans.

Discrete-Time Financial Mathematics (20 cp)

Discover how financial markets operate, with emphasis on mathematical models of stock and bond process and option pricing in the discrete-time context. Learn basic financial mathematics concepts such as viability, completeness, the arbitrage principle, self-financing and replication.

Optional modules - choose one:

Linear Algebra and its Applications (20 cp)

This module will build your conceptual and technical background, and, in particular, work on vector spaces will be extended and generalised to linear transformations. You will be introduced to coding theory by applying linear algebra to linear codes.

Cryptography and Computational Complexity (20 cp)

Learn how to select and apply appropriate techniques and use computer programming and specialist mathematical software to help solve problems. You’ll look at the need to develop more and more sophisticated ways of protecting information through cryptography. Analyse the hardness and limitations of mathematical algorithms using computational complexity theory.

Optional modules - choose one:

Corporate Financial Analysis (20 cp)

You’ll be introduced to the critical analysis of company annual reports and accounts. Investigating how financial performance and health is reported by businesses you’ll develop an understanding of the types of decision that are made from the perspectives of corporate business and account users.

Financial Management (20 cp)

In this module you’ll assessing the value creation activity of organisations through their investment and financing strategies. You’ll focus on financial theories and how to apply them through case studies and studying actual companies and their financial management.

Core modules

Project and Professional Skills (40 cp)

Immerse yourself in a substantial mathematics project with dedicated support and supervision. The project will showcase your skills, knowledge, and problem-solving abilities. You’ll also take part in activities to explore your career options after graduation.

Medical Statistics and Financial Modeling (20 cp)

You’ll study statistical techniques appropriate for medical and financial data, including the analysis of survival data and dealing with large complex datasets.

Continuous-Time Financial Mathematics (20 cp)

Extend your knowledge of stock pricing modelling and option pricing in the continuous time context. Develop a mathematical understanding of insurance, including standard mathematical models of risk and credibility, and the Black-Scholes formula.

Optional modules - choose one:

Experimental Design and Machine Learning (20 cp)

In this module you’ll be introduced methods of experimental design and their application in industrial and commercial situations. You’ll learn the methodology and techniques to design, conduct and analyse an experiment before applying statistical analysis to your results.

Stochastic Processes (20 cp)

Extend your understanding of probabilistic modelling to include stochastic processes and learn advanced techniques for investigating the behaviour of stochastic processes.

Linear Systems (20 cp)

You will continue your previous studies in linear algebra and differential and difference equations.

Optimisation (20 cp)

The optimisation is the art of optimal decision-making under constraints. This module introduces you to optimisation, focussing on the theoretical foundations of the subject, the practical modelling aspects, and the algorithm analysis and design.

Optional modules - choose one:

Corporate Finance (20 cp)

This module evaluates the impact of financial decisions on investments, financing, and risk management, developing your critical analysis and evaluation skills. You’ll study valuations of firms, merger and acquisitions, financial restructuring and risk theory.

Investment and Portfolio Management (20 cp)

During this module, you’ll put theory into practice by constructing and running a portfolio of equities. You’ll examine the relevance of modern finance theory and analyse how securities can be structured in portfolios and how portfolios can be managed.

How you’re taught

Every week you’ll attend lectures, seminars, practical sessions and workshops. This includes surgery sessions where you’ll meet with your lecturer in small groups to discuss any problems or work through challenging topics.

The rest of your time will be spent carrying out independent study such as reading textbooks and lecture notes, and working on exercises.

Contact hours

Year 1 - lectures/seminars/workshops (30%) and independent study (70%)

Year 2 - lectures/seminars/workshops (33%) and independent study (67%)

Year 3 - lectures/seminars/workshops (33%) and independent study (67%)

Year 4 - lectures/seminars/workshops (23%) and independent study (77%)

A placement year may be taken between year 3 and year 4 of study.

Learn a new language

Alongside your study, you also have the opportunity to learn a new language. The University Language Programme (ULP) is available to all students and gives you the option of learning a totally new language or improving the skills you already have. Find out more about ULP.

Staff Profiles

James Hind - Senior Lecturer

School of Science & Technology

Find out more about James Hind, Senior Lecturer, in the Department of Physics and Mathematics in the School of Science and Technology.

Martin Nelson - Senior Lecturer

School of Science & Technology

Dr. Martin Nelson is a Senior Lecturer of Applied Mathematics at NTU, researcher of Mathematical Biology, complex immunology and multi-faceted bio systems.

Colin Wilmott - Senior Lecturer

School of Science & Technology

Find out more about Colin Wilmott, Senior Lecturer, in the Department of Physics and Mathematics at Nottingham Trent University.

Nadia Chuzhanova - Lecturer

School of Science & Technology

Find out more about Nadia Chuzhanova Professor of Biomedical Mathematics in the Department of Physics and Mathematics at Nottingham Trent University.

Zuzana Hucki - Senior Lecturer

School of Science & Technology

Find out more about Zuzana Hucki, Senior Lecturer in the Department of Physics and Mathematics at Nottingham Trent University.

How you’re assessed

We want you to graduate with a range of transferable skills, so all of the mathematics modules have two or three assessment components that help you to demonstrate your knowledge in a variety of ways. As well as traditional exams and in-class tests, you’ll complete assignments and group projects, and give presentations. In your final year, you’ll also complete your dissertation with the support of your personal tutor.

  • Year 1 - coursework (60%) and written (40%)
  • Year 2 - coursework (47%) and written (53%)
  • Year 3 - coursework (38%) and written (62%)
  • Year 4 - coursework (42%) and written (58%)
  • A placement year may be taken between year 3 and year 4 of the study.

Careers and employability

Your career development

Our recent graduates have secured roles at companies including:

  • Bradford and Bingley
  • Brackman Chopra LLP
  • Home Retail Group
  • NHS
  • Camelot Group plc
  • Pendragon PLC
  • Nottingham Building Society

They have also started careers in:

  • industrial and commercial mathematics
  • statistical applications systems modelling
  • software engineering
  • telecommunications
  • IT applications
  • teaching and research.

They have gone into a wide variety of job roles including:

  • Portfolio Officer
  • Management Information Assistant
  • Trainee Accountant
  • Finance Officer
  • Risk Analyst
  • Procurement Analyser
  • Accounts Executive

Many graduates choose to undertake further study on one of our Masters-level courses or MPhil and PhD research degrees.

What our students say

"The content we studied in my final year was absolutely vital in getting the job I have today. The course is very applicable when applying for positions outside of the university. If you're interested in mathematics I really can't recommend this course enough.

"In addition, I love Nottingham – it's a fantastic city and I didn't have any questions at all about staying here when I graduated. When looking for jobs my number one priority was staying in this city."

Duncan Bell, NTU Mathematics graduate
Credit Scoring and Strategy Analyst

Placements

NTU is one of the most employment-focused universities. Increasingly, employers want to recruit graduates who have real-world work experience. That’s why all of our courses, across every subject area, offer you a work experience opportunity. Our experts help build and support your future with a range of career programmes and events.

On this course, after your third year, you will have the opportunity to take a year's work placement (sandwich placement). This will give you the chance to gain vital experience and put your knowledge into practice. You're also twice as likely to secure a graduate job within six months if you take a work placement.

Our recent students have taken placements across a wide range of companies including Xerox, Peugeot Citroen and British Car Auctions. They secured varied roles such as Finance Industrial Placement Student, Fleet Tender Assistant and Data Scientists.

You'll be supported and assessed throughout your placement year and will write a reflective report and diary at the end of your placement. When you successfully complete your placement, you will be eligible to receive an additional award of a Diploma in Professional Practice.

Find out more about work placements.

NTU Enterprise

You'll also have the opportunity to turn your ideas into a viable business with help from NTU Enterprise, NTU's purpose-built Centre for Entrepreneurship and Enterprise, a support centre to help students create, develop and grow their own businesses.

Campus and facilities

Entry requirements

  • 72 UCAS tariff points from three A-levels or equivalent
  • GCSE Maths grade B / 6 and English C / 4

Other qualifications and experience

We may also consider credits achieved at other universities and your work/life experience through an assessment of prior learning. This may be for year one entry, or beyond the beginning of a course where applicable, for example, into year 2. Our Recognition of Prior Learning and Credit Transfer Policy outlines the process and options available for this route.

Meeting our entry requirements

Hundreds of qualifications in the UK have UCAS tariff points attached to specific grades, including A levels, BTECs, T Levels and many more. You can use your grades and points from up to three different qualifications to meet our criteria. Enter your predicted or achieved grades into our tariff calculator to find out how many points your qualifications are worth.

Getting in touch

If you need more help or information, get in touch through our enquiry form

  • 72 UCAS tariff points from three A-levels or equivalent

International qualifications

We accept qualifications from all over the world – check yours here:

English language entry requirements

You can meet our language requirements by successfully completing our pre-sessional English course for an agreed length of time, or by submitting the required grade in one of our accepted English language tests, such as IELTS:

Undergraduate preparation courses (Foundation)

If you don’t yet meet our entry requirements, we offer Foundation courses through our partner Nottingham Trent International College (NTIC), based on our City Campus:

Advanced standing (starting your undergraduate degree in year 2 or 3)

You may be able to start your undergraduate course in year 2 or 3 based on what you have studied before.  This decision would be made in accordance with our Recognition of Prior Learning and Credit Transfer Policy.

Would you like some advice on your study plans?

Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.

Fees and funding

Preparing for the financial side of student life is important, but there’s no need to feel anxious and confused about it. We hope that our fees and funding pages will answer all your questions.

Getting in touch

For more advice and guidance, you can contact our Student Financial Support Service.

Tel: +44 (0)115 848 2494

Additional Costs

Your course fees cover the cost of studies and include loads of great benefits, such as the use of our library, support from our expert Employability team, and free use of the IT equipment across our campuses.

Library books

Most study modules will recommend one or more core textbooks, which most students choose to purchase. Book costs vary and further information is available in the University’s bookshop. Our libraries provide a good supply of essential textbooks, journals and materials (many of which you can access online) – meaning you may not need to purchase as many books as you might think! There may also be a supply of second-hand books available for purchase from previous year students.

Field trips

All essential field trip costs will be included in your course fees. There may be the opportunity to take part in optional field trips, which do incur additional costs.

Placements

If you're undertaking a placement year, you'll need to budget for accommodation and any travel costs you may incur whilst on placement. Many of our placement students do earn a salary whilst on placement which can help to cover these living costs. Placement opportunities are available in the UK and overseas.  Travel grants and Erasmus funding may be available to help fund international travel costs.

Print and copy costs

The University allocates an annual printing and copying allowance of £20 depending on the course you are studying. Students will also be required to pay additional costs for printing, poster preparation and final dissertation copies in their final year - estimated costs of approximately £20 - £50. For more details about costs for additional print and copying required over and above the annual allowance please see the Printing, photocopying and scanning information on the Library website.

Other

Students will require a basic scientific calculator for use in examinations (e.g. Casio 83 or 85 series, approximately £15).

Tuition fees 

Tuition fees are payable for each year that you are at the University. The level of tuition fees for the second and subsequent years of your undergraduate course may increase in line with inflation and as specified by the UK government. See our fees.

Scholarships

We offer scholarships of up to 50% of your tuition fee. You can apply for your scholarship when you have the offer to study at NTU.

Living costs

Get advice on the cost of living as an international student in Nottingham and how to budget:

Paying fees

Find out about advanced payments, instalment plan options and how to make payments securely to the University:

Would you like some advice on your study plans?

Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.

What do the course fees cover?

Your course fees cover the cost of studies and include loads of great benefits, such as the use of our library, support from our expert Employability team, and free use of the IT equipment across our campuses.

Library books

Most study modules will recommend one or more core textbooks, which most students choose to purchase. Book costs vary and further information is available in the University’s bookshop. Our libraries provide a good supply of essential textbooks, journals and materials (many of which you can access online) – meaning you may not need to purchase as many books as you might think! There may also be a supply of second-hand books available for purchase from previous year students.

Field trips

All essential field trip costs will be included in your course fees. There may be the opportunity to take part in optional field trips, which do incur additional costs.

Placements

If you're undertaking a placement year, you'll need to budget for accommodation and any travel costs you may incur whilst on placement. Many of our placement students do earn a salary whilst on placement which can help to cover these living costs. Placement opportunities are available in the UK and overseas.  Travel grants and Erasmus funding may be available to help fund international travel costs.

Print and copy costs

The University allocates an annual printing and copying allowance of £20 depending on the course you are studying. Students will also be required to pay additional costs for printing, poster preparation and final dissertation copies in their final year - estimated costs of approximately £20 - £50. For more details about costs for additional print and copying required over and above the annual allowance please see the Printing, photocopying and scanning information on the Library website.

Other

Students will require a basic scientific calculator for use in examinations (e.g. Casio 83 or 85 series, approximately £15).

How to apply

Ready to join us? Then apply as soon as you can. Just click the Apply button at the top of the page and follow the instructions for applying. Make sure you check the entry requirements above carefully before you do.

Writing your application and personal statement

Be honest, thorough and persuasive in your application. Remember, we can only make a decision based on what you tell us. So include all of your qualifications and grades, including resits or predicted grades.

Your personal statement is a really important part of your application. It’s your chance to convince us why we should offer you a place! You’ve got 4,000 characters to impress us. Make sure you use them to show how your skills and qualities are relevant to the course(s) you’re applying for. For more hints and tips, take a look at our page on how to write a good personal statement.

Keeping up-to-date

After you’ve applied, we’ll be sending you important emails throughout the application process so check your emails regularly, including your junk mail folder.

You can get more information and advice about applying to NTU on our Your Application page. Good luck with your application!

You can apply for this course through UCAS. If you are not applying to any other UK universities, you can apply directly to us on our NTU applicant portal.

Application advice

Apply early so that you have enough time to prepare – processing times for Student visas can vary, for example.  After you've applied, we'll be sending you important emails throughout the application process – so check your emails regularly, including your junk mail folder.

Writing your personal statement

Be honest, thorough, and persuasive – we can only make a decision about your application based on what you tell us:

Would you like some advice on your study plans?

Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.

The University's commitment to delivering the educational services advertised.

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