Aberystwyth University
Financial Mathematics BSc (Hons)
Aberystwyth University

Key Course Facts

Student Reviews

Below you can see course specific reviews of 25 graduates of Financial Mathematics BSc (Hons) and other courses in Mathematics at Aberystwyth University for each of the survey questions in comparison to the average for all UK degree courses in Mathematics.

Overall student satisfaction
97 /100
25 total respondents

Primarily based on data from undergraduate degree students.

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Mathematical Sciences

Important: Salary data below is not course specific, but contains data of all students of Mathematics at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £26000 £22500 £27500
25-75 percentile range £24000 - £30000 £18500 - £27500 £19500 - £35000


Salary of all UK Graduates of Mathematical Sciences

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28132 £27924 £34556
25-75 percentile range £24483 - £33995 £22183 - £36218 £25816 - £46509

Course Description

In choosing to study this degree in Financial Mathematics you'll uncover a fascinating and challenging discipline. Mathematics is fundamentally important to modern society, particularly in its contribution to the financial world. This is a discipline which is both intellectually demanding and vocationally useful, giving you skills which apply to many career choices. You will study under experts in a wide range of disciplines. Our lecturers are committed teachers; some come from a professional background, grounding your study in a proper professional context, and many are active researchers, expanding the boundaries of knowledge.

This degree is accredited by the Institute for Mathematics and its Applications (IMA), the UK’s learned and professional society for mathematics, directly contributing to your recognition as a Chartered Mathematician. Mathematics has been taught at Aberystwyth since 1872, so that the department builds on over 140 years of teaching excellence, employing lecturers who are committed teachers and internationally-recognised researchers. This is the best department in Wales for Research and one-eighth of our research is world leading. Here you will uncover a discipline that combines the identification and analysis of shapes and patterns with data collation and calculation.

The Financial Mathematics degree course was established in response to the increasing demand from employers in the financial sector for graduates with an understanding of mathematics. The mathematical core of the degree will teach you key skills in algebra, calculus and statistics, for example. In addition, you will study mathematics in a financial context, for example in stochastic modelling of the stock market, and gain a solid understanding of the principles of economics and of financial accounting and management. This degree is delivered through a combination of lectures, tutorials and practicals and you will be assessed through coursework, examinations, presentations and reports. You will be assigned a personal tutor who will help you with any queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.

This course has been designed with future employment in mind. The skills you will develop are all highly transferable and attractive to employers. These include research and data analysis, enhanced mathematical and computational skills, problem-solving, creative thinking, time management and organisational skills. You will have a thorough grounding in information technology and the ability to express ideas and communicate information in a clear and structured manner by the end of your degree. This course will challenge you to develop your teamwork, self-reliance and self-motivation. Real work experience will make you stand out in a competitive job market. You are encouraged to contact the Careers Advisory Service in relation to YES (Year in Employment Scheme) and Go Wales for assistance in securing work placements alongside your degree.

A degree in Financial Mathematics is valuable in employment where you will be required to use specialist numerical skills and analytical thought. Typical sectors include: accountancy and banking, risk analysis and actuarial work, finance management, investment analysis, information technology, research and development.

This programme will meet the educational requirements of the Chartered Mathematician designation, awarded by the Institute of Mathematics and its Applications, when it is followed by subsequent training and experience in employment to obtain equivalent competences to those specified by the Quality Assurance Agency (QAA) for taught masters degrees.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

Current jobs

Required skill level of job after 15 months

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Financial Mathematics BSc (Hons) at Aberystwyth University

35% Teaching Professionals
25% Sales occupations
10% Artistic, literary and media occupations
5% Managers, directors and senior officials
5% Elementary occupations
5% Web and Multimedia Design Professionals
5% Teaching and Childcare Support Occupation

Grading & Study Time

Grading Distribution

Students of the course received the following grades

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for Mathematics

English language requirements

test Grade Additional Details
Cambridge English Advanced
Cambridge English Proficiency
IELTS (Academic) 6.5

With minimum 5.5 in each component.

PTE Academic 55

With minimum score of 51 in any component.

TOEFL (iBT) 88

With minimum scores in components as follows: Listening 21; Writing 21; Reading 22; Speaking 23.

Aberystwyth University offers a valuable package of scholarships and bursaries to support students. Our long-established Entrance Examination competition means you could get up to £2,000 a year towards your living and study costs. You can combine that with any or all of our other awards, to make your financial package more valuable. Our awards include Sport and Music Scholarships, Bursaries for Care Leavers/Young Carers/Estranged Students and a range of department specific awards. Please visit our website for full details.
Get advice on which foundation courses are best for you to still study Financial Mathematics, BSc (Hons), if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Tuition Fees Financial Mathematics BSc (Hons)

England UK £9000 year 1
Northern Ireland £9000 year 1
Scotland £9000 year 1
Wales £9000 year 1
Channel Islands £9000 year 1
Ireland £9000 year 1
EU £16520 year 1
International £16520 year 1

Additional fee information

The UK and Welsh Governments have confirmed that EU students commencing their studies in the academic year 2021/22 will no longer be eligible for home fee status. Fees for EU students will therefore be charged in line with international fees from 2021/22 onwards.

Please note Irish nationals will continue to be eligible for home fee status and support by the Welsh Government under the Common Travel Area arrangement

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

How to apply

Application deadline:

January 1, 2025

This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.

Possible Entry Points:

  • year 1 (Default entry point)

University Rankings

Positions of Aberystwyth University in top UK and global rankings.

Rankings of Aberystwyth University in related subject specific rankings.

Mathematics

    • #1 
    • #11 
    Mathematics
    The Guardian University League Tables by Subject
    [Published 09 September, 2023]
    • #1 
    • #24 
    Mathematics
    CUG The Complete University Guide - By Subject
    [Published 08 June, 2023]

See all 24 university rankings of Aberystwyth University

About Aberystwyth University

Aberystwyth University (Aber) was founded in 1872 in Aberystwyth, Wales. This university has earned itself an impressive array of awards in various domains, including in teaching standards and post-graduate employability. Whether you enjoy walking by the beach or visiting the historic town centre, Aberystwyth is a superb option for those students looking for a quiet place to focus on their academic goals.

List of 383 Bachelor and Master Courses from Aberystwyth University - Course Catalogue

Where is this programme taught

Main Site (Aberystwyth)
map marker Show on map

Similar courses

Program University Student satis­faction Unem­ployed Drop­out Tuition (UK) Tuition (Inter­national) UCAS Tariff City
Mathematics (Including Foundation Year) BSc (Hons) University of Essex - - - £9250 £20500 - Colchester On campus Full-time
Mathematics with Foundation Year BSc (Hons) University of Southampton - - - £9250 £23620 - Southampton On campus Full-time
Financial Mathematics BSc (Hons) Aberystwyth University - - - £9000 £16520 - Aberystwyth On campus Full-time
Mathematics and Media & Communication (with Foundation Year) BA (Hons) Liverpool Hope University - - - £9250 £12500 - Liverpool On campus Full-time
Financial Mathematics and Statistics BSc (Hons) The London School of Economics and Political Science 79% 0% 0% £9250 £25656 199 London On campus Full-time
Mathematics with Placement Year BSc (Hons) The University of Sheffield - - - £9250 £25540 - Sheffield On campus Full-time
Financial Mathematics BSc (Hons) Cardiff University - - - £9000 £25450 £28200 - Cardiff On campus Full-time
Mathematics BSc (Hons) University of Reading - - - £9250 £27650 - Reading On campus Full-time
Mathematics with Computing BSc (Hons) University of Essex - - - £9250 £20500 - Colchester On campus Full-time
Dance and Mathematics BA (Hons) Liverpool Hope University - - - £9250 £12500 - Liverpool On campus Full-time