MSc Finance and Investment Banking
The MSc Finance and Investment Banking program at the University of Hertfordshire is de...
BSc (Hons)Financial Mathematics
College Lane
INTAKE: September
Program Overview
The BSc (Hons) Financial Mathematics program at the University of Hertfordshire is designed to provide students with a strong foundation in mathematics, statistics, and finance, preparing them for careers in the financial services industry. This undergraduate degree integrates theoretical mathematics with practical applications in finance, equipping students with the analytical skills and quantitative techniques needed to analyze financial markets, manage risks, and make informed investment decisions.
Curriculum: The curriculum of the BSc (Hons) Financial Mathematics program covers a wide range of topics in mathematics, statistics, and finance. Courses include calculus, linear algebra, probability theory, stochastic calculus, financial modeling, risk management, and derivative securities. Students also have the opportunity to study topics such as econometrics, time series analysis, and optimization, gaining a solid understanding of both theoretical concepts and practical applications in financial mathematics.
Research Focus: The University of Hertfordshire places a strong emphasis on research within the field of financial mathematics. Students have the opportunity to engage in research projects that explore advanced topics in mathematical finance, such as option pricing models, portfolio optimization, credit risk modeling, or algorithmic trading strategies. Faculty members are actively involved in research activities, providing students with access to the latest theories, methodologies, and research findings in the field.
Industry Engagement: The BSc (Hons) Financial Mathematics program at the University of Hertfordshire is highly focused on industry engagement. Through partnerships with financial institutions, quantitative trading firms, hedge funds, and asset management companies, students gain valuable hands-on experience through internships, work placements, and industry projects. This industry engagement ensures that students are well-prepared for the realities of the financial services industry and have the opportunity to apply their knowledge and skills in real-world settings.
Global Perspective: In an increasingly interconnected world, understanding global financial markets and trends is essential for success in financial mathematics. The University of Hertfordshire provides students with a global perspective through international collaborations, study abroad opportunities, and multicultural learning environments. Students have the chance to study financial markets and instruments from diverse cultural and geographical contexts, gaining insights into global economic challenges, regulatory frameworks, and investment opportunities. This global perspective enhances students' competitiveness in the global job market and opens up exciting career opportunities worldwide.
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 have a wide range of career opportunities in the financial services industry and related fields. With a strong foundation in mathematics, statistics, and finance, graduates are well-equipped to pursue various roles that require quantitative skills and analytical thinking.
Quantitative Analyst (Quant): Quantitative analysts develop mathematical models, algorithms, and computer programs to analyze financial markets, pricing models, and investment strategies. Graduates may work for investment banks, hedge funds, or trading firms, using quantitative methods and data analysis techniques to inform trading decisions and risk management strategies.
Risk Analyst: Risk analysts assess financial risks for businesses and financial institutions and develop strategies to manage and mitigate those risks. Graduates may work for banks, insurance companies, or corporate risk departments, analyzing credit risk, market risk, or operational risk, and implementing risk management frameworks and controls.
Financial Analyst: Financial analysts evaluate financial data, trends, and investment opportunities to provide insights and recommendations to investors, businesses, or financial institutions. Graduates may work as analysts for investment banks, asset management firms, or corporate finance departments, conducting research, analyzing financial statements, and preparing reports to support investment decisions.
Actuarial Analyst: Actuarial analysts assess and manage financial risks for insurance companies, pension funds, or government agencies. Graduates may work as actuaries, calculating insurance premiums, analyzing mortality rates, and designing pension plans, using mathematical models and statistical techniques to estimate future financial liabilities and develop risk management strategies.
Quantitative Trader: Quantitative traders develop and implement automated trading strategies using mathematical models and algorithmic trading techniques. Graduates may work for proprietary trading firms, hedge funds, or investment banks, designing trading algorithms, back-testing strategies, and executing trades in financial markets to generate profits.
Financial Engineer: Financial engineers design and develop financial products, such as derivatives, structured products, or quantitative investment strategies. Graduates may work for financial institutions, fintech companies, or investment firms, structuring complex financial instruments, modeling risk factors, and pricing financial derivatives using mathematical and computational techniques.
Data Scientist: Data scientists analyze large datasets to extract insights and inform decision-making in finance and related fields. Graduates may work for financial institutions, technology companies, or consulting firms, applying statistical methods, machine learning algorithms, and data visualization techniques to analyze financial data, detect patterns, and develop predictive models.
Financial Software Developer: Financial software developers design and develop software applications and tools for financial analysis, trading, risk management, and portfolio optimization. Graduates may work for software companies, financial technology startups, or financial institutions, coding algorithms, building databases, and developing user interfaces for financial software products and platforms.
