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Financial Mathematics BSc (Hons)

UCAS code: 351D (full-time), GN13 (sandwich)

Start year

Information for 2025

About this course

This course provides the perfect blend of learning. We’ll build your business and finance knowledge through real-world scenarios focusing on accountancy, financial modelling and economics, while underpinning this with a sound mathematics base in statistics, algebra and calculus.

It’s not only about learning the theory – it’s about the application too – and lots of it. There are plenty of opportunities for you to get hands-on in our cutting-edge facilities to try out your ideas.

Your final-year modules reflect the expertise and research of our staff, making sure you are learning the most current and relevant information. This course is also accredited by the Institute of Mathematics and its Applications, which is a seal of approval from the professional body and will help you on your way to Chartered Mathematician status.

Foundation Year

We offer BSc (Hons) Financial Mathematics (with foundation year) which you can apply for if you don't meet the entry criteria for this course. See our course page for foundation modules.

  • Top 20 in the UK for teaching quality in Mathematics (Times and Sunday Times Good University Guide 2024)
  • 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.
  • We offer Mathematics Undergraduate Research Scholarships (MURS) - funding a short research placement. It's an opportunity to further your research interests and contribute to the department.

Accreditation

This course is accredited by the Institute of Mathematics and its Applications, which is our guarantee that this course is current and relevant to the needs of the business. Our close links with the industry mean that, if you wish, you’ll have the opportunity to take up job placements with some of the world’s leading companies.

  • IMAlogo

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.

In Years One and Two 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.

Study abroad opportunities

Get ready to embark on an adventure with our study abroad programs at partner universities or by getting a work placement overseas. Both opportunities will boost your employability, build lifelong friendships, and allow you to experience the world in a whole new way.

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.

Optional year-long work placement.  If you are not taking a placement, you will progress directly to your final year in year three.

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.

We regularly review and update our course content based on student and employer feedback, ensuring that all of our courses remain current and relevant. This may result in changes to module content or module availability in future years.

Don’t just take our word for it, hear from our students themselves

Student Profiles

Stefan Loncar

As a child my dream was always to study in the UK and when the time came to choose a university there was no other option (than NTU) on my mind.

How you're taught

You’ll learn through a mix of:

  • lectures - covering the key theories
  • seminars - smaller-group sessions perfect for learning key skills and collaborative working
  • practical sessions - using our extensive range of industry-standard facilities
  • 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.

A placement year may be taken between year 2 and year 3 of study.

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.

People excel in different ways, and we want everybody to have the best possible chance of success. That’s why we’ve adopted a range of assessment types, including:

  • coursework, including group projects, case studies, dissertation and other assignments
  • practical assessments, such as individual and group projects and oral presentations.
  • exams and tests, including formal exams, written tests and multiple-choice.

Staff Profiles

James Hind - Senior Lecturer

School of Science & Technology

James Hind

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

Colin Wilmott

Nadia Chuzhanova - Lecturer

School of Science & Technology

Nadia Chuzhanova staff profile

Zuzana Hucki - Senior Lecturer

School of Science & Technology

Zuzana Hucki - Lecturer in Mathematics

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

Excellent placement opportunities

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 second 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

Mathematics Undergraduate Researchers Studentship (MURS)

You will be able to apply for MURS Programme - a funded opportunity to collaborate with academic staff on cutting-edge research projects. It's a structured 6-8 weeks summer programme during which, you will meet weekly with your supervisor for mentorship and guidance. These sessions are tailored to your chosen project's needs and the supervisor's approach. It is an additional skill building opportunity that will equip you with essential skills to tackle active research problems and master the art of conducting mathematical research.

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

You’ll mainly be studying in the Erasmus Darwin Building and Teaching and Learning Building with access to facilities including 3D printers and VR to help you visualise mathematical concepts.

Our self-contained, community-focused Clifton Campus has been designed to keep students busy between lectures. Catch-up with your course mates in the Pavilion’s barista café and Refectory; brainstorm group presentations in chic and stylish study spaces; enjoy some proper R&R in The Point, home of our Students’ Union. The campus also hosts the multimillion-pound Clifton Sports Hub, offering great options for everyone — whatever your interests, and however competitive you’d like to get!

You’re also right next to the bright lights of Nottingham — one of Britain’s top 10 student cities, and one of Europe’s top 25. All through termtime, a dedicated on-campus bus service will get you to the heart of the action (and back) in under 25 minutes. You’ll find a city stuffed with history, culture, and well-kept secrets to discover at your leisure: enjoy lush green spaces, galleries, hidden cinemas and vintage shopping by day, and an acclaimed food, drink and social scene by night.

Take our virtual tour to get a real feel for the campus.

Entry requirements

UK students

  • Standard offer: 112 UCAS Tariff points from up to four qualifications including A-level or equivalent Maths grade C
  • Contextual offer: 104 UCAS Tariff points from up to four qualifications including A-level or equivalent Maths grade C

To find out what qualifications have tariff points, please use our tariff calculator.

International students

  • Academic entry requirements: 112 UCAS Tariff points from up to four qualifications including A-level or equivalent Maths grade C. We accept equivalent qualifications from all over the world. Please check your international entry requirements by country.
  • English language requirements: See our English language requirements page for requirements for your subject and information on alternative tests and Pre-sessional English.

Policies

We strive to make our admissions procedures as fair and clear as possible. To find out more about how we make offers, visit our admissions policies page.

Fees and funding

UK students

- see the fees for this course, as well as information about funding and support.

£9,535 per year

If you choose to do a placement year or year abroad, you'll pay a reduced fee for that year:

  • Placement year - £1,850
  • Year abroad - £1,385

Find out about the extra support we may be able to provide to help pay for uni, including NTU bursaries and scholarships.

You will need to pay tuition fees for each year that you are at university. The tuition fees, including the placement year and study abroad options are subject to government policy and may change in future years of study.

Preparing for the financial side of student life is important, but we don’t want you to feel anxious or confused about it. Visit our fees and funding pages if you have any concerns.

International students

- see the fees for this course, as well as payment advice and scholarships.
  • £17,500 per year

If you choose to do a placement year or study abroad placement year, you'll pay a reduced fee for that year:

  • Placement year - £1,850
  • Study abroad placement year - £1,385

You will need to pay tuition fees for each year that you are at university. The tuition fees might increase from the second year of your undergraduate course, in line with inflation and as specified by the UK government.

Scholarships

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

Living costs

See our advice on managing your money and the cost of living as an international student in Nottingham.

Paying fees

As an international student, you'll need to make an advance payment of £6,000 when you've accepted your offer to study at NTU. You'll then need to pay your tuition fees in full, or have an agreement to pay in two further instalments, before the start date of your course.

Find out how and when to pay your fees, including information about advance payments, instalment dates and how to make payments securely to the University.

Enquiries

If you have any queries relating to advance payments or arrangements to pay, please contact our friendly and experienced international enquiries team.

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. There are just a few additional things you may need to budget for:

Textbooks and library books

Most 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.

Printing and photocopying costs

The University allocates an annual printing and copying allowance of £20 depending on the course you are studying. For more details about costs for additional print and copying required over and above the annual allowance please see the printing and photocopying information on the Library website.

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.

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.

Scientific Calculator

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

Fees and funding advice

For more advice and guidance, you can email our Student Money Team or phone us on +44 (0)115 848 2494.

Cost of living information and support

Managing your money can help you make the most of life at NTU. Here's how we can support you, and now you can make your funding go further.

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.