MSc Finance and Investment Banking
The MSc Finance and Investment Banking program at the University of Hertfordshire is de...
BSc in (Hons)Financial Mathematics (with Placement)
College Lane
INTAKE: September
Program Overview
The BSc (Hons) Financial Mathematics program at the University of Hertfordshire is a rigorous undergraduate degree that combines mathematical theory with practical applications in finance. Spanning four years, including a placement year, this program equips students with the quantitative skills and financial knowledge needed to analyze complex financial instruments, model financial markets, and manage financial risk. With its focus on mathematical modeling, computational techniques, and real-world problem-solving, the program prepares graduates for careers in quantitative finance, investment banking, risk management, and related fields.
Curriculum: The curriculum of the BSc (Hons) Financial Mathematics program is designed to provide students with a strong foundation in mathematics, statistics, and finance. Core modules cover topics such as calculus, linear algebra, probability theory, stochastic processes, financial derivatives, and risk management. Students also have the opportunity to study advanced topics such as time series analysis, option pricing models, and portfolio optimization. The program emphasizes both theoretical concepts and practical applications, with hands-on projects, simulations, and industry-relevant case studies to develop students' analytical and problem-solving skills.
Research Focus: Research is a key component of the BSc (Hons) Financial Mathematics program at the University of Hertfordshire. Students have the opportunity to engage in research projects related to financial mathematics, quantitative finance, and computational finance under the guidance of experienced faculty members. Whether conducting empirical studies, developing mathematical models, or analyzing financial data, students develop critical thinking, quantitative analysis, and research skills that prepare them for further study or careers in academia, research institutions, or the financial industry.
Industry Engagement: The University of Hertfordshire places a strong emphasis on industry engagement to ensure the relevance and practicality of its programs, including the BSc (Hons) Financial Mathematics program. Through guest lectures, industry seminars, and networking events, students have the opportunity to gain insights into the latest trends, technologies, and practices in quantitative finance and risk management. The placement year, integrated into the program, offers students valuable hands-on experience in professional finance environments, allowing them to apply their mathematical and analytical skills to real-world financial problems and build industry connections.
Global Perspective: In today's interconnected financial markets, a global perspective is essential for success in financial mathematics. The BSc (Hons) Financial Mathematics program at the University of Hertfordshire integrates global perspectives into its curriculum, exposing students to international financial markets, cross-border investment strategies, and global risk management practices. Students have the opportunity to study international finance, global financial regulation, and emerging market dynamics, developing the skills and insights necessary to navigate the complexities of the global financial system and work in diverse cultural and geographical contexts.
Location
College Lane
Score
IELTS 6
Tuition Fee
£ 14750
Undergraduate Entry Requirements
Academic Qualifications: International students applying for undergraduate programs are typically required to have achieved a minimum overall score of 65% or above in their high school or secondary school qualifications. This may vary depending on the specific course or program.
English Language Proficiency:
- IELTS: A minimum overall score of 6.0 or 6.5 with no individual component below 5.5.
- TOEFL: A minimum score of 72, with a minimum of 17 in each component.
- PTE: A minimum overall score of 59, with no individual score below 59.
- 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 meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
The University of Hertfordshire offers a range of scholarships and financial assistance programs to support international students in pursuing their education. These scholarships are designed to recognize academic excellence, encourage diversity, and provide opportunities for students who may face financial barriers.
Vice-Chancellor's Scholarship: This prestigious scholarship is awarded to exceptional international undergraduate and postgraduate students who demonstrate academic excellence. It provides a tuition fee discount of up to £4,000 for the duration of the course.
Regional Scholarships: The university offers several scholarships specifically for students from certain regions or countries. These scholarships vary in value and eligibility criteria, providing financial support to students from specific geographic areas.
Merit Scholarships: Merit-based scholarships are available for high-achieving international students. These scholarships recognize academic excellence and provide financial assistance towards tuition fees.
Sports Scholarships: The university encourages talented athletes to pursue their academic and sporting ambitions simultaneously. Sports scholarships are awarded to exceptional athletes who can demonstrate outstanding sporting achievements and commitment to their chosen sport.
Partnership Scholarships: The university has established partnerships with various organizations, institutions, and governments. Through these partnerships, international students may have access to specific scholarships and funding opportunities.
External Scholarships: The University of Hertfordshire also supports students in their search for external scholarships and funding sources. The dedicated scholarships team provides guidance and information on external scholarships that international students may be eligible to apply for.
It is important to note that each scholarship has specific eligibility criteria, application deadlines, and required documentation.
Graduates of the BSc (Hons) Financial Mathematics program at the University of Hertfordshire possess a unique blend of mathematical, analytical, and financial skills that open up diverse career opportunities in the financial industry and beyond.
Quantitative Analyst (Quant): Quantitative analysts, also known as quants, use mathematical models and statistical techniques to analyze financial data, develop trading strategies, and price complex financial instruments. They work for investment banks, hedge funds, asset management firms, and proprietary trading firms, applying their quantitative skills to solve challenging problems and generate profits in financial markets.
Risk Analyst/Manager: Risk analysts and managers assess, monitor, and manage financial risks within organizations to protect against potential losses. They analyze market risks, credit risks, and operational risks, develop risk management strategies, and implement risk controls to mitigate risks and ensure regulatory compliance. Graduates with expertise in financial mathematics are well-suited for roles as risk analysts or managers in banks, insurance companies, financial institutions, and corporations.
Actuary: Actuaries use mathematical models and statistical techniques to assess and manage financial risks related to insurance, pensions, and investments. They analyze demographic data, mortality rates, and financial trends to determine insurance premiums, pension contributions, and investment strategies. Graduates with a BSc (Hons) in Financial Mathematics can pursue careers as actuaries in insurance companies, pension funds, consulting firms, and government agencies.
Financial Engineer: Financial engineers design and develop mathematical models and computational algorithms to solve complex financial problems and create innovative financial products. They work for investment banks, fintech companies, and financial technology firms, applying mathematical techniques such as stochastic calculus, optimization, and numerical methods to develop trading algorithms, risk models, and financial software.
Data Analyst/Scientist: Data analysts and scientists analyze large datasets, extract meaningful insights, and develop predictive models to support decision-making in various industries, including finance. They use statistical techniques, machine learning algorithms, and programming languages such as Python and R to analyze financial data, detect patterns, and forecast market trends. Graduates with a background in financial mathematics are well-suited for roles as data analysts or scientists in financial institutions, consulting firms, and technology companies.
Financial Consultant/Advisor: Financial consultants and advisors provide personalized financial advice and guidance to individuals, businesses, and organizations. They assess clients' financial situations, develop financial plans, and recommend investment strategies, retirement plans, and insurance products. Graduates with expertise in financial mathematics can pursue careers as financial consultants or advisors in financial planning firms, wealth management firms, or as independent consultants.
