Financial Mathematics

Description

The analysis of modern financial market data relies heavily on mathematical and statistical techniques. Mathematical techniques and tools devised using financial mathematics have contributed greatly to the development of the financial services industry and continue to play a key role in this sector.

This programme starts with a firm foundation to the mathematics and statistics that is in daily use in the financial industry. It then leads to advanced studies in financial mathematics, including asset price modelling, the risk-neutral pricing of financial derivatives, time series analysis, actuarial maths, and financial econometrics. This prepares graduates with relevant mathematical and statistical backgrounds to enter careers in the financial services industry, actuarial and insurance sectors or further study in financial mathematics.

The final year includes an advanced project on a topic in financial mathematics. In response to increased student interest, we also offer courses such as Mathematics and Society and Mathematics Education and Communication. The latter offers teaching experience through the Undergraduate Ambassadors Scheme (UAS).

The aims of the programme are:

• To provide students with a good understanding of financial mathematics and the methods and techniques used in the area
• To provide experience of mathematical modelling in various contexts, focusing on financial modelling and actuarial analysis
• To enable students to develop an understanding of modern financial modelling and examines the basic techniques used in the analysis of financial data.

Detailed Course Facts

• GBP 9000 Year (EEA)
• GBP 10350 Year (Non-EEA)

EU/Home: £9,000 International: £10,350

Scholarships available - please see our website www.gre.ac.uk/scholarships

• English

Course Content

Year 1

• Advanced Calculus and Mathematical Methods (30 credits)
• Mathematical Technology and Thinking (30 credits)
• Discrete Mathematics and Combinatorics (30 credits)
• Probability and Statistical Analysis (30 credits)

Year 2

• Linear Algebra and Applications (30 credits)
• Numerical Mathematics and Computer Algorithms (30 credits)
• Operational Research for Industry (30 credits)
• Statistical Methods and Time Series Analysis (30 credits)

Optional Sandwich Year (Work Placement)

Final Year

• Research Methods and Mathematics Project OR UAS: Mathematics Education and Communication (teaching experience through the Undergraduate Ambassador Scheme) OR Mathematics Work Placement (30 credits)
• Modelling and Analysis of Financial Instruments (15 credits)
• Actuarial Mathematics and Risk Modelling (15 credits)
• Financial Time Series (15 credits)
• Three 15-credit options from: Advanced Statistical Models; Coding and Cryptography; Dynamical Systems and Chaos; Graph Theory and Combinatorics; Industrial Applied Mathematics; Mathematics and Society; Mathematics of Decision Making; Mathematics for the Life Sciences; Methods for Non-linear Mathematics; Models and Algorithms for Scheduling; Numerical Solution of Partial Differential Equations; Optimisation Techniques; Real Analysis; Statistical Models (45 credits)

English Language Requirements

IELTS band : 6

To study at this university, you have to speak English. We advice you to

Requirements

Applicants should have:

A minimum of 300 UCAS points

FROM subjects studied at A-level or equivalent qualifications, including at least 80 points from mathematics studied to A-level or equivalent.

PLUS GCSEs in English and mathematics at grade C or above, or equivalent qualifications such as key skills level 2.

• Applications from students taking Access to Higher Education courses are welcome

Work Experience

No work experience is required.

Related Scholarships*

• Academic Excellence Scholarship

  "The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."

• Access Bursary

  Bursary for UK students all subjects where the variable tuition fee rate is payable.

• Alumni Bursary

  Alumni Bursary for UK Undergraduate students

* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than University of Greenwich.

Funding

Mandatory Bursary

This bursary will be available to all new full time entry students paying the maximum level variable rate home fee of £3290 who also qualify for student support from Student Finance England.

The bursary will be payable for a maximum of three years and is dependent on successful progression each year of your programme. It will not be paid during any repeat or industrial placement years.

In addition to the above you will be required to qualify for the Maintenance Grant or Special Support Grant. These are grants that you can apply for when you make an application for your student loan for tuition fees and maintenance or what we call collectively Student Support.

Alumni progression bursary

A 10 per cent fee discount is available to all students who progress from an undergraduate to a non-government/research funded postgraduate programme at the university. The undergraduate degree programme must have been completed on one of the universitys campuses (Avery Hill, Greenwich and Medway), at University Centre Folkestone or at one of the universitys partner colleges prior to registration onto the postgraduate programme. The discount is applicable to the fee due after any other allowances have been deducted.

Care leaver's bursary

This bursary provides financial support to students entering higher education direct from local authority care. The student must have been in the care of the Local Authority for a minimum of 52 consecutive weeks immediately prior to beginning a programme of study. The bursary is available to UK students who on the 1st of September in the year of entry are 20 and under. Applicants must be studying full-time undergraduate programmes at one of the universitys campuses (Avery Hill, Greenwich or Medway) and qualify for the maximum level of government means tested maintenance of special support grant.

The bursary of £1,000 per year is payable for a maximum of three years. Payment in subsequent years is dependent on satisfactory progression and payment in a placement year is dependent on the placement being unpaid. In addition to the annual award, students will receive £100 in their final year towards the costs of the graduation ceremony.

First class honours scholarship

A 10% tuition fee discount is available to home students that achieve a first upon completion of an undergraduate degree and continue their study to postgraduate level. To be eligible, students must have completed their three or four year degree programme on one of our main campuses or at one of our partner colleges and have paid the variable rate tuition fees for the entire degree programme.

The scholarship is not available to government/research funded and PGCE programmes.

This scholarship can be awarded in addition to the Alumni Progression Bursary and the 5% prompt payment discount.

Partnership progression scholarship

10 scholarships of £525 each are available to students who progress from a University of Greenwich programme at one of our partner colleges directly to the final year of an honours degree programme at one of our campuses (Avery Hill, Greenwich or Medway). The applicant must have achieved to a high standard at the college. The 10 highest achieving students will be awarded.

Progression bursary

Full time students paying maximum variable fee who receive the Mandatory Bursary detailed above who progress from year 1 to year 2 of study will receive a Progression Bursary payable in year 2 of study only. The award will be for £150.

When we say progression we mean that you have passed 120 credits and completed all last items of assessment at the first attempt. If you are awarded this bursary it will be in addition to the Mandatory Bursary and paid at the same time into your nominated bank account (the one your loan and grant is paid in to).

The Progression Bursary is not available for Foundation degree, HND other sub-degree programmes or for the majority of Partner Colleges programmes where the fee is below the maximum variable charge.

UCAS scholarship

This scholarship of £525 per year for a maximum of three years (years 2 and 3 dependent on satisfactory progress), is available to full-time home undergraduate students on honours degree programmes who are studying at one of the universitys campuses (Avery Hill, Greenwich or Medway) and paying variable fees. On entry to the university, you must have achieved a UCAS tariff score of at least 300 points from A-levels or equivalent qualifications (not including AS-level, key/core skills or passport points) obtained within two consecutive years. The scholarship is not available to students on HNDs, foundation degrees and NHS-funded programmes.

John McWilliam bursary

Established in memory of former Deputy Vice-Chancellor Mr John McWilliam this scholarship assists students studying specified programmes of study, within the School of Architecture & Construction.

Each recipient, of five selected annually, will be able to use the scholarship of £1500 to fund a variety of educational costs not necessarily met by any other grant, award or scholarship including the opportunity to travel oversees as part of their programme of study. Scholarships are available for one year only and can only be received by each recipient once during their studies.

Applicants must be entering the first year, full-time UK home students, studying a specified programme on one of the universitys campuses (Avery Hill, Greenwich or Medway).

Additionally, priority will be given to applicants that have been resident for a minimum of three years in the one of the boroughs surrounding the university campuses; these include the London Boroughs of Bexley, Greenwich, Lewisham and the Medway Towns area. The successful recipients will be required to write a report at the end of the academic year detailing their progress.

Merit awards for outstanding achievement

This scheme is for all final year level 2 and 3 undergraduate students who are judged by a board of examiners to have demonstrated outstanding achievement during their programmes of study at the university or one of its partner colleges. Recipients of this award will be presented with a medal, certificate and £100.

David Fussey choral exhibition bursary

This cash bursary of £1,000pa (payable in two £500 instalments) is awarded for a maximum of three years and is available to all students at the university who join the University of Greenwich Choir.

The bursary is awarded in memory of Dr David Fussey, the late Vice-Chancellor of the University of Greenwich, who gained great enjoyment from singing in choirs. If you have choral experience and pass the audition to join the choir, you may apply.

The choral exhibitioner must remain an active member of the choir, attend all rehearsals and give full support to the universitys Music Director. In the second year, the choral exhibitioner, in conjunction with the Music Director, is responsible for publicity and general administrative tasks for the choir. The closing date for applications each year is 30 September.

Madame Österberg Trust

Madame Martina Österberg was a pioneer of physical education for women until her death in 1915. She founded the Bergman Österberg Physical Training College at Dartford, which until recently formed part of the university.

The furtherance of education was extremely important to Madame Österberg, and awards in her memory are available to all registered students of the University of Greenwich and its partner colleges. Applications can be made for additional educational experiences that are not directly associated with a students current programme of study.

Gravesend rugby football bursary

Bursaries are available to students studying at the University of Greenwich or studying University of Greenwich programmes at one of its partner colleges. Students must have experience of playing rugby union to an appropriate level, with a minimum standard of County 18s group or a senior level of rugby, the equivalent to London South East 2 or above.

Bursaries are offered on an annual basis dependent on the students satisfactory performance and progress, a commitment to the Gravesend club and continued registration at the university.

Royal Navy and Royal Marine bursary

The University of Greenwich, working closely with the Royal Navy Crown charity, Greenwich Hospital, has been awarded funds to assist students studying at the University of Greenwich. The scheme aims to provide support to students who are serving or former members of the Royal Navy or Royal Marines or their sons or daughters. Navy and marine personnel must have a minimum of three years service.

The bursary aims to assist eligible students with educational costs by making awards of up to £3,000 per academic year for a maximum of four years. Payment in academic years 2 and 3 is dependent upon satisfactory academic progress; payment during a placement (Sandwich) year is dependent on the placement being unpaid.

Sir William Boreman's Foundation

The Foundation provides bursaries, to permanent residents of the London boroughs of Greenwich and Lewisham. Applicants must have lived in the borough for a minimum of three years, be under 25 and have a family residual income in the region of £25,000 a year.

Bursaries can be used for travel, equipment, tuition fees, university excursions and general living expenses. UK full-time and part-time undergraduate and postgraduate students are eligible to apply.

Alumni Progression Bursary

International students who progress from an undergraduate to a non-government/research funded postgraduate programme can obtain a 10 per cent discount on their fees.

Gurkha Personnel Bursary

This £1,000 bursary is available to full-time and part-time undergraduate and postgraduate students who are serving in the Gurkha military or are former Gurkha military personnel. Immediate family members may also apply.

Nationality Scholarship

The University of Greenwich automatically awards scholarships of £1,000 to students from:

Bangladesh, Barbados, Botswana, Brazil, Cambodia, Colombia, Egypt, Ghana, India, Iran, Iraq, Jamaica, Japan, Jordan, Kenya, North Korea, South Korea, Kuwait, Lebanon, Libya, Malaysia, Mauritius, Mexico, Nepal, Nigeria, Pakistan, Philippines, Russian Federation, Saudi Arabia, South Africa, Sri Lanka, Taiwan, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turkic States, Uganda, United Arab Emirates, Vietnam and Zimbabwe.

Students must be on a full-time programme that lasts for at least one academic year.

People's Republic of China Scholarship

The university awards scholarships of up to £1,000 to students who have completed an approved programme at one of the universitys partner or link institutions in China and have progressed to an eligible programme at the university.

International Undergraduate and Postgraduate Progression Scholarship

New international undergraduate students selected for outstanding achievement at the end of the first academic year receive a fee remission of £1,000 for years two and three of study.

Postgraduate students selected for outstanding achievement at the end of the diploma stage of Masters study are awarded a fee remission of £2,000 for the final stage of their Masters.

Accreditation

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.