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BSc (Hons)Mathematics with Finance

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liverpool.ac.uk/..inance-bsc-hons/overview 

Overview

This is one of our most popular degree programmes with great employment potential. The programme is designed primarily for those who wish to work in finance, insurance or banking after graduation. We have recently received accreditation from the Institute and Faculty of Actuaries. Currently our students can receive exemptions for CT1, CT2, CT3 and CT4 of the professional actuarial exams conducted by the Institute and Faculty of Actuaries, the Professional body for actuaries in the UK.

In the first two years of this programme, you will study a range of topics covering important areas of mathematics. The main focus will be on basic financial mathematics, statistics and probability – no assumptions are made about whether or not you have previously studied these, or have previous experience in the use of computers.

In the last year, you will cover some specialised work in financial mathematics. Subsequently, you will begin to study more advanced ideas in probability theory, and statistics as well as stochastic modelling, econometrics and finance.

This course is designed to prepare you for a career in the banking sector, pension or investment funds, hedge funds, consultancy and auditing firms or government regulators. Mathematics with Finance course prepares students to be professionals who use mathematical models to analyse and solve financial problems under uncertainty. The programme will provide a useful perspective on how capital markets function in a modern economy.

Programme structure

Programme Year One

The Mathematics with Finance degree has been accredited by the UK Actuarial Profession, which means that students can obtain exemption from some of the subjects in the Institute and Faculty of Actuaries’ examination system.

All exemptions will be recommended on a subject-by-subject basis, taking into account performance at the University of Liverpool.

Further information can be found at the actuarial profession’s website.

Core Technical Stage

Exemptions are based on performance in the relevant subjects as listed below.

Subject CT1 – Financial Mathematics: Financial Mathematics I & II
Subject CT2 – Finance & Financial Reporting: Introduction to Financial Accounting, Introduction to Finance & Financial Reporting and Finance
Subject CT3 – Probability & Mathematical Statistics: Statistical Theory I & II
Subject CT4 – Models: Applied Probability & Actuarial Models

You will take the following modules in Year 1:

Calculus I
Introduction to Linear Algebra
Calculus II
Introduction to Statistics
Mathematical IT Skills
Dynamic Modelling
Introduction to Financial Accounting
Introductory Finance
Tutorials for foundation modules are in groups of about 8 students.

Programme Year Two

In the second and subsequent years of study, there is a wide range of modules. Each year you will choose the equivalent of eight modules. Please note that we regularly review our teaching so the choice of modules may change.

Ordinary Differential Equations
Financial Mathematics I
Financial Mathematics II
Statistical Theory and Methods I
Statistical Theory and Methods II
Financial Management
Financial Reporting and Finance

Please note that along with the compulsory module, Ordinary Differential Equations can not be taken by XJTLU students, and Financial Reporting and Finance is optional for H/EU students.

Optional modules

Mathematical Models: Microeconomics and Population Dynamics
Introduction To Methods of Operational Research
Metric Spaces and Calculus
Operational Research: Probabilistic Models
Introduction To The Methods of Applied Mathematics
Measure Theory and Probability
Numerical Analysis, Solution of Linear Equations
Securities Markets

Programme Year Three

Applied Probability
Numerical Methods for Financial Mathematics
Time Series and its Applications in Economics
Business Finance
Basic Econometrics I

Optional modules

Further Methods of Applied Mathematics
Linear Statistical Models
Networks in Theory and Practice
Mathematical Economics
Applied Stochastic Models
Theory of Statistical Inference
Mathematical Risk Theory
Actuarial Models
Derivative Securities
Finance and Markets

Career opportunities

From actuary to airline pilot, from marketing to medical statistics, a mathematically-based degree opens up a wide range of career opportunities, including some of the most lucrative professions. Typical types of work our graduates have gone onto include: actuarial trainee analyst in the audit practice graduate management trainee risk analyst trainee chartered accountant graduate business programme.

Apply now! Fall semester 2021/22
This intake is not applicable

Application deadlines apply to citizens of: United States

Apply now! Fall semester 2021/22
This intake is not applicable

Application deadlines apply to citizens of: United States