MBM Master of Business Management
The MBM program at the University of Essex is designed to develop well-rounded business...
BSc Finance and Mathematics
Colchester Campus
INTAKE: October
Program Overview
The BSc Finance and Mathematics program at the University of Essex offers students a unique interdisciplinary education that combines the principles of finance with advanced mathematical techniques. This program is designed for students who are passionate about both finance and mathematics and seek to develop strong analytical and problem-solving skills essential for careers in quantitative finance, risk management, investment analysis, and financial modeling. Through a rigorous curriculum, students explore key concepts in finance, such as financial markets, investment analysis, and corporate finance, while also gaining proficiency in mathematical techniques such as calculus, linear algebra, probability theory, and statistics. With a focus on both theory and application, students develop the quantitative skills and analytical mindset needed to address complex financial challenges and make data-driven decisions in today's dynamic financial landscape.
1. Advanced Mathematical Techniques: The BSc Finance and Mathematics program equips students with advanced mathematical techniques essential for analyzing financial data and solving complex financial problems. Students study topics such as calculus, linear algebra, differential equations, probability theory, and stochastic processes, gaining a solid foundation in mathematical methods used in finance and related fields.
2. Financial Modeling: Students learn how to apply mathematical techniques to develop and analyze financial models used in investment analysis, risk management, and financial decision-making. They study topics such as option pricing, portfolio optimization, asset valuation, and financial derivatives, using mathematical models to simulate and predict financial outcomes in various market conditions.
3. Quantitative Finance: The program covers principles of quantitative finance, exploring topics such as financial engineering, derivative pricing, and risk management. Students learn how to use mathematical models and computational tools to analyze financial instruments, assess risk exposures, and develop hedging strategies to manage financial risk effectively.
4. Investment Analysis: Students gain skills in quantitative methods for investment analysis, learning how to evaluate investment opportunities, analyze financial markets, and make informed investment decisions. They study techniques for asset allocation, portfolio management, and performance evaluation, using mathematical models to assess the risk-return trade-offs of different investment strategies.
5. Risk Management: The program emphasizes the importance of risk management in finance and provides students with the skills to identify, measure, and mitigate financial risks. Students learn about risk management frameworks, techniques for measuring risk exposures, and strategies for managing market risk, credit risk, and operational risk using mathematical models and statistical analysis.
6. Computational Finance: Students may have the opportunity to explore computational finance, applying mathematical techniques and computer programming skills to solve complex financial problems and develop innovative financial solutions. They learn how to use computational methods to analyze financial data, implement mathematical models, and automate financial processes, enhancing their ability to make data-driven decisions and develop effective financial strategies.
Location
Colchester Campus
Score
IELTS: 6
Tuition Fee
£ 18600
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 70 to 75% or equivalent in their respective country's grading system.
English language proficiency:
- IELTS: A minimum overall score of 6.0 with no individual component below 5.5.
- TOEFL: A minimum overall score of 75.
- PTE Academic: A minimum overall score of 51.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It is important to note that entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.
The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.
Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.
It is important to note that scholarship availability, eligibility criteria, and application processes may change over time.
Graduates of the BSc Finance and Mathematics program at the University of Essex possess a unique blend of skills in both finance and mathematics, making them highly sought-after candidates for a variety of lucrative and intellectually stimulating career opportunities. Equipped with strong analytical abilities, quantitative skills, and a deep understanding of financial principles, graduates are well-prepared to pursue roles in quantitative finance, risk management, investment banking, financial modeling, and more.
1. Quantitative Analyst (Quant): Graduates may pursue careers as quantitative analysts, also known as quants, working for investment banks, hedge funds, or asset management firms. They use advanced mathematical techniques and computational methods to develop financial models, analyze market trends, and design trading strategies. Quants play a crucial role in pricing financial derivatives, managing risk, and optimizing investment portfolios using sophisticated mathematical models.
2. Risk Analyst/Manager: Graduates can work as risk analysts or risk managers, responsible for identifying, assessing, and mitigating financial risks faced by organizations. They analyze market data, conduct stress tests, and develop risk models to measure and monitor market risk, credit risk, and operational risk. Risk analysts/managers work for banks, insurance companies, and financial institutions, ensuring compliance with regulatory requirements and implementing effective risk management strategies.
3. Investment Banking Analyst: Some graduates may pursue careers as investment banking analysts, working for investment banks or financial advisory firms. They assist in executing mergers and acquisitions (M&A) transactions, conducting financial due diligence, and preparing financial models and valuation analyses. Investment banking analysts play a key role in advising clients on strategic transactions, capital raising, and corporate finance activities.
4. Financial Engineer: Graduates can work as financial engineers, developing mathematical models and computational algorithms to solve complex financial problems. They design and implement quantitative trading strategies, pricing models for financial derivatives, and risk management tools using mathematical techniques and programming languages such as Python or R. Financial engineers work for financial technology (fintech) companies, quantitative trading firms, or investment banks.
5. Actuary: Some graduates may pursue careers as actuaries, analyzing financial risks and uncertainties for insurance companies, pension funds, or consulting firms. They use mathematical models and statistical techniques to assess risk exposures, determine insurance premiums, and develop financial strategies to manage risk. Actuaries play a crucial role in ensuring the financial stability and solvency of insurance companies and pension funds.
6. Data Scientist: With their strong quantitative skills and analytical mindset, graduates can also pursue careers as data scientists in the finance industry. They analyze large datasets, extract insights, and develop predictive models to support decision-making in areas such as customer segmentation, credit risk assessment, and investment analysis. Data scientists work for financial institutions, fintech companies, or data analytics firms, leveraging data-driven insights to drive business growth and innovation.
7. Financial Planner/Advisor: Graduates may choose to work as financial planners or advisors, helping individuals and businesses manage their finances, plan for retirement, and achieve their financial goals. They provide personalized financial advice, develop financial plans, and recommend investment strategies, insurance products, and retirement plans based on clients' financial objectives and risk tolerance.
