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Financial Mathematics BSc

School of Mathematics and Statistics

Management School

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    You are viewing this course for 2023-24 entry. 2022-23 entry is also available.

    Key details

    Course description

    Students in a maths lecture

    This course is designed to give you the numerical skills and specialist knowledge for a range of roles in finance. You’ll learn the tools, principles and practices of the finance industry, as well as the fundamental mathematics behind banking, insurance, accountancy and more.

    We have a small but focused number of modules in the first year, that cover all the essentials you’ll need for the rest of your degree. You’ll also have modules on finance to choose from, covering topics that include accounting, economic analysis, and financial management.

    In the second year, you’ll continue to build a powerful toolbox of mathematical techniques which you can apply to increasingly complex problems. You’ll be able to examine more advanced topics in finance too such as microeconomics, macroeconomics, econometrics and corporate finance.

    Some module options include more project work. This gives you the chance to put your mathematics skills into practice in different contexts and scenarios that you might encounter when you start work after graduation. A module on careers development gives you the chance to find out about different career paths, learn about potential employers, write an impressive CV and sell yourself at job interviews.

    By third year, you’ll have the skills, knowledge and experience to go in lots of different directions in finance and mathematics. We’ll give you lots of optional modules to choose from, so you can study the topics that are most useful to the career path you want to take or that you enjoy the most.

    Modules

    A selection of modules are available each year - some examples are below. There may be changes before you start your course. From May of the year of entry, formal programme regulations will be available in our Programme Regulations Finder.

    Choose a year to see modules for a level of study:

    Title: Financial Mathematics BSc course structure
    UCAS code: GN13
    Years: 2022, 2023

    Core modules:

    Introduction to Probability and Statistics

    The module provides an introduction to the fields of probability and statistics, which form the basis of much of applicable mathematics and operations research. The theory behind probability and statistics will be introduced, along with examples occurring in diverse areas. Some of the computational statistical work may make use of the statistics package R.

    20 credits
    Mathematics Core 1

    The module explores topics in mathematics which will be used throughout many degree programmes. The module will consider techniques for solving equations, special functions, calculus (differentiation and integration), differential equations, Taylor series, complex numbers and finite and infinite series.

    20 credits
    Mathematics Core II

    The module continues the study of core mathematical topics begun in MS4F1015, which will be used throughout many degree programmes. The module will discuss 2-dimensional co-ordinate geometry, discussing the theory of matrices geometrically and algebraically, and will define and evaluate derivatives and integrals for functions which depend on more than one variable, with an emphasis on functions of two variables.

    20 credits
    Numbers and Groups

    The module provides an introduction to more specialised Pure Mathematics. The first half of the module will consider techniques of proof, and these will be demonstrated within the study of properties of integers and real numbers. The second semester will study symmetries of objects, and develop a theory of symmetries which leads to the more abstract study of groups.

    20 credits

    Optional modules:

    Economic Analysis and Policy

    This is a compulsory module for all single and dual honours students in Economics. The module provides students with an introduction to microeconomic and macroeconomic analysis together with examples of their application in order to develop students' understanding of the roles of both in economic policy making.

    40 credits
    Foundations in Financial Management

    This module aims to create a foundation of knowledge in the subject area of financial management, creating the required framework of skill and knowledge for financial decision making and to provide a base of knowledge for the related modules in levels 2 and 3. This module will achieve this by introducing the essential principles, theories and calculations within financial management. It will also introduce the contemporary issues and developments in financial markets. The module design and content expects to at least cover the contents of foundation level financial management related module syllabus of professional accounting bodies.

    20 credits
    Introduction to Financial Accounting

    Financial Accounting is concerned with the ways in which the financial transactions of a business are recorded and summarised in financial statements. This module provides an introduction to the construction of financial statements and an understanding and evaluation of the principles and concepts on which they are underpinned. Once the principles have been established, the module further develops the practical understanding of the preparation of financial statements and focuses on the preparation, interpretation and limitations of company financial statements and the regulatory framework in which they are prepared.

    20 credits

    The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption. We are no longer offering unrestricted module choice. If your course included unrestricted modules, your department will provide a list of modules from their own and other subject areas that you can choose from.

    Learning and assessment

    Learning

    You'll learn through lectures, problems classes in small groups and research projects. Some modules also include programming classes.

    We invest to create the right environment for you. That means outstanding facilities, study spaces and support, including 24/7 online access to our online library service.

    Study spaces and computers are available to offer you choice and flexibility for your study. Our five library sites give you access to over 1.3 million books and periodicals. You can access your library account and our rich digital collections from anywhere on or off campus. Other library services include study skills training to improve your grades, and tailored advice from experts in your subject.

    Learning support facilities and library opening hours

    Assessment

    You will be assessed in a variety of ways, depending on the modules you take. This can include quizzes, examinations, presentations, participation in tutorials, projects, coursework and other written work.

    Programme specification

    This tells you the aims and learning outcomes of this course and how these will be achieved and assessed.

    Find programme specification for this course

    Entry requirements

    With Access Sheffield, you could qualify for additional consideration or an alternative offer - find out if you're eligible

    The A Level entry requirements for this course are:
    AAB
    including A in Maths

    A Levels + additional qualifications ABB, including A in Maths + B in a relevant EPQ; ABB, including A in Maths + B in A Level Further Maths

    International Baccalaureate 34, with 6 in Higher Level Maths (Analysis and Approaches)

    BTEC Extended Diploma DDD in a relevant subject with Distinctions in all Maths units

    BTEC Diploma DD + A in A Level Maths

    Scottish Highers + 1 Advanced Higher AAABB + A in Maths

    Welsh Baccalaureate + 2 A Levels B + AA, including Maths

    Access to HE Diploma Award of Access to HE Diploma in a relevant subject, with 45 credits at Level 3, including 36 at Distinction (to include Maths units) and 9 at Merit

    Other requirements
    • We will give your application additional consideration if you have passed the Sixth Term Examination Paper (STEP) at grade 3 or above or the Test of Mathematics for University Admissions (TMUA) at grade 5 or above

    The A Level entry requirements for this course are:
    ABB
    including A in Maths

    A Levels + additional qualifications ABB, including A in Maths + B in a relevant EPQ; ABB, including A in Maths + B in A Level Further Maths

    International Baccalaureate 33, with 6 in Higher Level Maths (Analysis and Approaches)

    BTEC Extended Diploma DDD in a relevant subject with Distinctions in all Maths units

    BTEC Diploma DD + A in A Level Maths

    Scottish Highers + 1 Advanced Higher AABBB + A in Maths

    Welsh Baccalaureate + 2 A Levels B + AB, including A in Maths

    Access to HE Diploma Award of Access to HE Diploma in a relevant subject, with 45 credits at Level 3, including 30 at Distinction (to include Maths units) and 15 at Merit

    Other requirements
    • We will give your application additional consideration if you have passed the Sixth Term Examination Paper (STEP) at grade 3 or above or the Test of Mathematics for University Admissions (TMUA) at grade 5 or above

    English language requirements

    You must demonstrate that your English is good enough for you to successfully complete your course. For this course we require: GCSE English Language at grade 4/C; IELTS grade of 6.5 with a minimum of 6.0 in each component; or an alternative acceptable English language qualification

    Equivalent English language qualifications

    Visa and immigration requirements

    Other qualifications | UK and EU/international

    Pathway programme for international students

    If you're an international student who does not meet the entry requirements for this course, you have the opportunity to apply for an International Foundation Year in Science and Engineering at the University of Sheffield International College. This course is designed to develop your English language and academic skills. Upon successful completion, you can progress to degree level study at the University of Sheffield.

    If you have any questions about entry requirements, please contact the department.

    School of Mathematics and Statistics

    Students in a maths lecture

    Staff in the School of Mathematics and Statistics work on a wide range of topics, from the most abstract research on topics like algebraic geometry and number theory, to the calculations behind animal movements and black holes. They’ll guide you through the key concepts and techniques that every mathematician needs to understand and give you a huge range of optional modules to choose from.

    The department is based in the Hicks Building, which has classrooms, lecture theatres, computer rooms and social spaces for our students. It’s right next door to the Students' Union, and just down the road from the 24/7 library facilities at the Information Commons and the Diamond.

    School of Mathematics and Statistics

    Management School

    We are a leading business school with Triple Crown accreditation (AACSB, AMBA and EQUIS). These awards have been achieved through the outstanding quality of our programmes, research output, support for students and alumni, and links with industry. We have a world-class reputation for high quality teaching, ground-breaking research and cutting-edge thinking.

    You’ll be part of a dynamic and engaging business school that puts you and your future at the heart of everything it does. We balance a rigorous academic foundation with practical skills to ensure you are ready for the world of work.

    We want you to develop skills so you can apply course content in a company setting. Our close links with organisations keep us in tune with the changing demands of the workplace. We know what employers are looking for.

    You'll learn from experts - many are former industry professionals and they work closely with businesses. Because our academics are world-leading researchers, your education will draw on the most current management theories.

    We want you to engage with the academic content, be conscientious and take an independent approach to study. We want you to be informed, innovative and proactive and do everything we can to support and enhance your career, steering you in the right direction with all the knowledge and skills you require.

    You'll benefit from tailored on-site and online professional careers support, dedicated skills sessions and events with experts from world-leading organisations and professional bodies. These activities will help guide your personal and professional development to help you secure your dream placement, internship or graduate role.

    Management School students are based in our building on Conduit Road which accommodates learning facilities such as lecture theatres, seminar rooms, trading and computer rooms, our academic and professional staff, the Courtyard Café, and our Futures First Employability Hub and Student Experience Office. Teaching takes place at various venues across campus.

    Facilities

    The Management School has invested in an impressive, fully-equipped financial trading room, built around Bloomberg and Refinitiv Eikon.

    These terminals are used by traders, banks and multinational companies to trade financial securities, gain market insights and undertake research. Students will also have the opportunity to gain certification that demonstrates competence in these systems, which will add real value to your CV.

    Students sitting at desks, using financial software in the Management School Trading Room
    Management School

    Why choose Sheffield?

    The University of Sheffield

      A top 100 university 2022
    QS World University Rankings

      92 per cent of our research is rated in the highest two categories
    Research Excellence Framework 2021

      No 1 Students' Union in the UK
    Whatuni Student Choice Awards 2022, 2020, 2019, 2018, 2017

    Management School

    Triple Crown accredited

    AACSB, AMBA and EQUIS


    Graduate careers

    School of Mathematics and Statistics

    There will always be a place for maths graduates in banking, insurance, pensions, and financial districts from the City of London to Wall Street. Big engineering companies still need people who can crunch the numbers to keep planes in the sky and trains running on time too. But the 21st century has also created new career paths for our students.

    Smartphones, tablets, social networks and streaming services all use software and algorithms that need mathematical brains behind them. In the age of ‘big data’, everyone from rideshare apps to high street shops is gathering information that maths graduates can organise, analyse and interpret. The same technological advances have created new challenges and opportunities in cybersecurity and cryptography.

    If the maths itself is what interests you, a PhD can lead to a career in research. Mathematicians working in universities and research institutes are trying to find rigorous proofs for conjectures that have challenged pure mathematicians for decades, or are doing the calculations behind major experiments, like the ones running on the Large Hadron Collider at CERN.

    What if I want to work outside mathematics?

    A good class of degree from a top university can take you far, whatever you want to do. We have graduates using their mathematical training in everything from teaching and management to advertising and publishing.

    Management School

    We have a dedicated Employability Hub where you can access careers support, find job or placement opportunities, and develop essential skills through workshops with industry experts. You're supported throughout your course and for up to three years after you graduate. We work with businesses and organisations to ensure the content of our courses are up-to-date and relevant, and that the skills and experience you'll gain meet the demands of future employers.

    Sheffield University Management School careers

    Sonia Nayyar in her graduation gown holding her degree certificate

    My degree has given me an excellent grounding in mathematical concepts I use every day

    Sonia Nayyar Mathematics BSc

    After graduating from Sheffield with a BSc in Mathematics, Sonia went on to work for a financial, actuarial and business consultancy, putting the analytic and logical thinking skills she learned during her degree to daily use.

    Fees and funding

    Fees

    Additional costs

    The annual fee for your course includes a number of items in addition to your tuition. If an item or activity is classed as a compulsory element for your course, it will normally be included in your tuition fee. There are also other costs which you may need to consider.

    Examples of what’s included and excluded

    Funding your study

    Depending on your circumstances, you may qualify for a bursary, scholarship or loan to help fund your study and enhance your learning experience.

    Use our Student Funding Calculator to work out what you’re eligible for.

    Visit us

    University open days

    There are four open days every year, usually in June, July, September and October. You can talk to staff and students, tour the campus and see inside the accommodation.

    Open days: book your place

    Taster days

    At various times in the year we run online taster sessions to help Year 12 students experience what it is like to study at the University of Sheffield.

    Upcoming taster sessions

    Applicant days

    If you've received an offer to study with us, we'll invite you to one of our applicant open days, which take place between November and April. These open days have a strong department focus and give you the chance to really explore student life here, even if you've visited us before.

    Campus tours

    Campus tours run regularly throughout the year, at 1pm every Monday, Wednesday and Friday.

    Book your place on a campus tour

    Apply for this course

    Make sure you've done everything you need to do before you apply.

    How to apply When you're ready to apply, see the UCAS website:
    www.ucas.com

    Not ready to apply yet? You can also register your interest in this course.

    The awarding body for this course is the University of Sheffield.

    Recognition of professional qualifications: from 1 January 2021, in order to have any UK professional qualifications recognised for work in an EU country across a number of regulated and other professions you need to apply to the host country for recognition. Read information from the UK government and the EU Regulated Professions Database.

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    Terms and Conditions upon Acceptance of an Offer

    2023-2024