MSc Finance
The MSc Finance program at Aberystwyth University is designed to provide students with ...
BSc Financial Mathematics (includes foundation year)
Aberystwyth - Main Site
INTAKE: September
Program Overview
Aberystwyth University, situated in the charming coastal town of Aberystwyth, Wales, offers a comprehensive BSc in Financial Mathematics program, which includes a foundation year. This program is tailored to provide students with a strong academic foundation in mathematics and finance, preparing them for the rigorous coursework and practical applications in financial mathematics. The inclusion of a foundation year ensures that students from diverse academic backgrounds can successfully transition into the main program and excel in their studies.
Curriculum: The BSc in Financial Mathematics program at Aberystwyth University encompasses a carefully designed curriculum that covers fundamental mathematical concepts, financial theories, and quantitative techniques. During the foundation year, students undertake courses in mathematics, statistics, and academic skills, laying the groundwork for advanced study in financial mathematics. In subsequent years, the curriculum delves into topics such as calculus, linear algebra, probability theory, financial modeling, risk management, and derivative securities. Students also have the opportunity to develop programming skills and apply mathematical techniques to real-world financial problems through practical coursework and projects.
Research Focus: Aberystwyth University fosters a culture of research excellence within the BSc in Financial Mathematics program, encouraging students and faculty to engage in innovative research projects. Research in financial mathematics may explore areas such as mathematical finance, computational finance, risk analysis, and investment strategies. Students have opportunities to participate in research initiatives, collaborate with faculty members on research projects, and present their findings at academic conferences or competitions. Through research-focused coursework and mentorship, students develop critical thinking skills and gain insights into cutting-edge developments in the field.
Industry Engagement: The BSc in Financial Mathematics program at Aberystwyth University emphasizes industry engagement and practical experience to complement theoretical learning. The university maintains strong connections with financial institutions, banks, investment firms, and regulatory agencies, facilitating guest lectures, industry seminars, and networking events for students. Additionally, students have opportunities to undertake internships, work placements, or summer projects within the financial industry, gaining firsthand experience and insights into industry practices. Industry partnerships also provide students with access to real-world data and case studies, enhancing their understanding of financial markets and applications of financial mathematics.
Global Perspective: With a focus on global financial markets and international finance, Aberystwyth University's BSc in Financial Mathematics program encourages students to adopt a global perspective in their studies. Courses explore topics such as international financial markets, exchange rates, global economic trends, and cross-border investment strategies. Study abroad opportunities, international exchange programs, and multicultural campus environment further enrich students' understanding of global finance and expose them to diverse cultural and regulatory contexts. By fostering global awareness and cross-cultural competence, the program prepares students for careers in the increasingly interconnected world of finance.
Location
Aberystwyth - Main Site
Score
IELTS 6
Tuition Fee
£ 16300
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 75% or equivalent in their respective country's grading system.
English Language Proficiency:
- IELTS: A minimum overall score of 6 or 6.5 with no individual component below 5.5.
- TOEFL: A minimum overall score of 88, with at least 17 in Listening, 18 in Reading, 20 in Speaking, and 17 in Writing.
- PTE Academic: A minimum overall score of 55 with no individual score below 51.
- Some programs may have specific subject prerequisites or additional requirements.
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.
Aberystwyth University offers a range of scholarships and financial aid opportunities to support international students in their pursuit of higher education. These scholarships recognize academic excellence, promote diversity, and assist students in managing their educational expenses.
International Excellence Scholarships: The International Excellence Scholarships are merit-based scholarships awarded to outstanding international students applying for undergraduate or postgraduate programs. The scholarships are competitive and provide a tuition fee reduction of up to £2,000 per year. Eligibility criteria and application procedures vary depending on the program of study.
Vice-Chancellor's International Scholarship: The Vice-Chancellor's International Scholarship is a prestigious award offered to exceptional international students applying for undergraduate or postgraduate programs. The scholarship covers full tuition fees for the duration of the program. Students are selected based on academic achievement, personal statement, and references.
Aberystwyth International Scholarships: Aberystwyth International Scholarships are available to international students applying for undergraduate or postgraduate programs. These scholarships offer a tuition fee reduction of up to £2,000 per year. Eligibility criteria and application requirements may vary.
British Council GREAT Scholarships: Aberystwyth University participates in the British Council GREAT Scholarships program, which offers financial support to students from selected countries. These scholarships are aimed at promoting bilateral relations and educational collaboration. The availability, eligibility criteria, and application process for GREAT Scholarships may vary each year.
External Scholarships and Funding Sources: Aberystwyth University also encourages international students to explore external scholarship opportunities. There are numerous government-funded scholarships, private foundation scholarships, and international scholarship programs available for international students pursuing studies in the UK. The university provides guidance and support to students in identifying and applying for these external funding sources.
It is important to note that scholarship availability, criteria, and application deadlines may change from year to year.
Graduates of Aberystwyth University's BSc in Financial Mathematics program, which includes a foundation year, possess a unique blend of mathematical expertise and practical knowledge of finance, opening up diverse career opportunities in the financial industry and related fields.
Quantitative Analyst: One of the primary career paths for graduates is as quantitative analysts, also known as "quants." Quantitative analysts utilize their strong mathematical skills and knowledge of financial markets to develop sophisticated mathematical models and algorithms for pricing financial derivatives, managing risk, and optimizing investment strategies. They work for investment banks, hedge funds, asset management firms, and trading desks, employing mathematical techniques such as stochastic calculus, statistical analysis, and numerical methods to drive investment decisions and enhance profitability.
Risk Manager: Graduates may pursue careers as risk managers, where they assess and manage financial risks for organizations. Risk managers analyze market, credit, and operational risks, developing risk management strategies and frameworks to mitigate potential losses and safeguard against financial crises. They work for banks, insurance companies, regulatory agencies, and financial institutions, ensuring compliance with regulatory requirements and implementing best practices for risk assessment and control. With their expertise in financial mathematics, graduates play a critical role in identifying, quantifying, and managing risks in a dynamic and evolving financial landscape.
Financial Analyst: Another career option for graduates is as financial analysts, providing insights and recommendations to individuals, corporations, or investment firms. Financial analysts conduct financial modeling, valuation analysis, and performance evaluation to assess investment opportunities, analyze market trends, and make strategic recommendations for portfolio management or corporate finance decisions. They work in diverse settings, including investment banking, asset management, consulting firms, or corporate finance departments, utilizing their mathematical skills and understanding of financial markets to generate actionable insights and drive informed decision-making.
Actuary: Graduates may also pursue careers as actuaries, specializing in insurance and pension planning. Actuaries use mathematical models and statistical techniques to assess and manage financial risks associated with insurance policies, pensions, and other financial products. They analyze demographic data, mortality rates, and investment performance to calculate insurance premiums, reserves, and pension liabilities, ensuring the financial stability and sustainability of insurance companies and pension funds. With their expertise in financial mathematics, graduates play a crucial role in designing and pricing insurance products, assessing financial risks, and ensuring regulatory compliance.
Data Scientist: With their strong analytical and programming skills, graduates are well-suited for roles in data science within the financial industry. Data scientists use machine learning algorithms, data visualization techniques, and statistical analysis to extract insights from large datasets and inform business decisions. They may work for financial firms, fintech startups, or consulting companies, developing predictive models, analyzing customer behavior, and optimizing financial processes. With their expertise in financial mathematics, graduates contribute to the development of data-driven solutions for investment analysis, risk management, and financial decision-making.
