Mathematics is a fundamental subject that is constantly developing. Yes it is a discipline in its own right. But it is also the thinking behind countless commercial, industrial and technological activities. Mathematical models underpin engineering, the applied sciences, computing and many aspects of management today. As a Mathematics student you will develop an outlook and high level study skills that will be hugely valuable whatever career path you follow after graduation.
The MMath programme in Financial Mathematics offers a highly integrated, logical progression from BSc in Financial Maths to Masters level. Study for a further year (at level 4) and bring your BSc degree to Masters standard.
The first two levels are common to Financial Mathematics BSc.
Two-thirds of this course consists of the core parts of our wide-ranging Maths course and covers several application areas finance, statistics, operational research (how Maths can be applied to commercial and industrial problems) and numerical analysis (the approximate solution of very hard problems). The remaining third covers the workings of financial markets, and corporate investment and finance. The third level prepares students for studying at Masters level during level 4. There is a wide range of optional modules at levels 3 and 4.
This course is for you if you are a committed Maths student interested in a career in the fast moving world of finance or commerce. You will acquire the skills needed to develop mathematical and statistical knowledge, as well as a good awareness of financial institutions, markets and their workings.
Two-thirds of this course is shared with the BSc in Mathematics. This covers several application areas finance, statistics, operational research (ie how maths can be applied to commercial and industrial problems) and numerical analysis. The remaining third covers the key principles of finance. MMath students study for a further year, bringing their degree up to Masters level.
Level 3 Major Project (see below for more)
Level 3 project
This is a very valuable feature of this Financial Mathematics course a substantial piece of individual, course-related work personally supervised by a staff member. Projects are often connected to staff research areas and may also be in response to industry demands. Work on the project accounts for about one-third of your Level 3 study load.
Explore in-depth a topic of particular interest to you or work on a practical problem the choice is yours.
Although students who undertake a work placement year can choose to focus their Level 3 project on their work experience, they may also select from the projects offered each year by the Mathematics staff. During 2010-2011 over 150 project titles were available to final year Mathematics undergraduates. These covered a very wide range of mathematical areas and applications including, for example:
In addition to all of these topic areas, our students also have opportunities to study modern theories in quantitative finance, with particular emphasis on the Mathematics and computation underlying the powerful and influential financial derivatives (eg options) industry. Often termed the Black-Scholes theory, this is famous for winning its discoverers a Nobel prize, as well as for its misapplication often being blamed (rightly or wrongly) for the current worldwide financial crisis.
Most of our projects can be carried out in ways that suit the student's strengths and interests. For example, it is often possible to choose to emphasise concrete applications or abstract theory, and the project can be carried out using theoretical tools only, or computational tools only, or a mixture of both. Using the research experience gained from this module, you will then be able to choose to undertake more advanced project and self-study modules at Level 4 if you wish.
Level 4 modules include:
Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).
Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.
All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.
IELTS band : 6 CAE score : 60(Grade C)
To study at this university, you have to speak English. We advice you totake an IELTS test. More About IELTS
GCSE Mathematics grade C and GCSE English grade C are also required.
No work experience is required.
"The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."
Bursary for UK students all subjects where the variable tuition fee rate is payable.
Alumni Bursary for UK Undergraduate students
* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than Brunel University.