Studying this course will teach you to simulate and provide results for a broad range of financial activities such as the stock market, and you will deepen your understanding in regards to the context in which they can be successfully applied. This course is different from other similar courses because it practically applies the theory to real problems. This is achieved through significant employer engagement throughout the degree, culminating in a significant final year project that investigates a financial application in depth. To enable this, unlike similar courses you will be taught by a unique blend of experienced mathematicians and finance staff.
In this course you will cover mathematical and financial methods that are used for financial purposes and in a practical business environment.
You will study core mathematical subjects that are continued from A-level in the first year, as well as an introduction to developing models and methods used for financial applications. You will also be introduced to the financial context by studying organisations in a global environment as well the principles of economics.
In the second and final years you will also model the mathematics of financial derivatives that simulates the stock market.
In your third year you will have the option to specialise alongside your core modules and carry out a project on a detailed financial mathematics application.
This module will build upon and extend on your A level (or equivalent) mathematical techniques and provide a mathematical foundation in support of subsequent mathematics modules. You will cover the subject of differential equations with applications.
This module will build upon and extend your A level (or equivalent) mathematical techniques providing a mathematical foundation in support of subsequent mathematics modules. You will also cover differential equations with applications and be introduced to problem solving using a symbolic computing environment.
This module will extend your methods in differential and integral calculus, first and second order partial differential equations and methods in differential and integral calculus for the complex variable.
This module will give you experience in business and financial working practices and how to solve practical financial mathematical problems.At the beginning of the module a series of seminars will be given by speakers on a variety of applications in business and finance, and how these impact on their work.Deliverables, which consist of written reports and oral presentations, are assessed on a group basis and are to be produced both during and at the end of the semester to strict deadlines.
This module will develop a sound knowledge in probability models and distribution theory, skills in statistics and data analysis and provide an awareness of the principles and scope of data analysis models often implemented in statistical software packages.
This module introduces you to the operation of global legal systems and the areas of law that underpin the practice of effective business management. You will develop a working knowledge of law relating to contracts and their effective negotiation in different business environments.
The project will give you the opportunity to develop financial mathematical models of benefit and importance to a society based on sustainable economics. The aim is for you to demonstrate your understanding of the application of mathematics to business and finance and give you an opportunity to demonstrate your knowledge, understanding and skills.
This module evaluates the UK taxation system and the global environment. You will review core subjects including the taxation of sole traders, partnerships and limited companies.
Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.
Unistats data for Financial Mathematics
Level 3 specific/subject-specific requirements:
Grade C A-level Mathematics
UCAS tariff points
112 points - must include a Grade C in Mathematics
112 points - Grade 4 or above in Maths and English Language
31 Grade 6 in Maths at Higher Level
Salford Alternative Entry Scheme (SAES)
We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.
There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.
English Language Requirements
International applicants will be required to show a proficiency in English. An IELTS score of 6.0 (with no element below 5.5) is proof of this. If you need to improve your written and spoken English, you might be interested in our English language courses.
There is no such thing as a 'typical' student. The only common features are that they share intelligence, enthusiasm for the subject, and that they are motivated, determined, and enjoy being challenged and working with other like-minded people.
We also welcome applications from mature students who may not have academic qualifications in related subjects, but may have experience in industry, in which cease please contact the School for more information.
All applicants that meet the entrance requirements for the course will be invited to attend an open day.
There are many different modes of course delivery; these include:
Talks and lectures; this is normally a presentation or talk on a particular subject and will be delivered by one of your lecturers or visiting academics.
Business and finance speakers; finance practitioners will present talks and workshops, this is normally around one of the themes or challenges you are currently studying.
Tutorials and seminars; these group or individual discussions will strengthen your learning on a particular topic or project and will provide an opportunity for you to receive direct class based feedback about your work.
Laboratory/Workshop sessions; you will be taught and practice new skills and techniques sometimes through computing laboratory classes.
In support of the above methods of course delivery; online learning material and sometimes module assessment is made available via the Blackboard system.
Group assignments and team based working on a variety of projects also enables our graduates to work with a range of diverse people in innovative ways.
Assessment is normally through a range of different methods, such as:
Presentations; As an individual or group presentation of the final outcome to a particular assignment or brief
Examinations; these are normally two hours in duration and aim to test material presented in lectures, workshops and seminars
Written assessments; which will include class tests, reports and evaluations.
Graduates may enter into careers such as finance, business, stock market trading, accounting, actuary, insurance, mortgages or as financial advisors.
Links with Industry
Work placements form a key part of your studies and provide a structured link between study and exposure to professional practice, and allow you to contextualise your development in an industry setting. You will arrange your placement with our support.
The university has a wide range of long-standing and professional relationships with Industry in the North West and beyond, ensuring that you will have extensive industry contact throughout your studies.