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Mathematics with Finance with a Year Abroad

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Although the UCAS equal consideration date has now passed, many of our courses are still accepting applications from UK students for 2024 entry through UCAS.

The deadline for international students is 30 June 2024.

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Bachelor of Science

Bachelor of Science (BSc) is a bachelor’s degree awarded for an undergraduate programme in the sciences.

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Course overview

This is one of our most popular degree programmes with great employment potential. Studying a range of topics covering the core areas of mathematics, this course will prepare you for a career in the financial sector.

Introduction

Mathematics is a fascinating, beautiful and diverse subject to study. It underpins a wide range of disciplines; from physical sciences to social science, from biology to business and finance. At Liverpool, our programmes are designed with the needs of employers in mind, to give you a solid foundation from which you may take your career in any number of directions.

This is one of our most popular degree programmes with great employment potential. This programme 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. The 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.

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 final year, you will cover some specialised work in financial mathematics and more advanced ideas in probability theory and statistics as well as stochastic modelling, econometrics and finance.

What you'll learn

  • How to use mathematical models
  • How to analyse and solve financial problems
  • Problem solving
  • Teamwork
  • Communication and presentation skills

Accreditation

Institute and Faculty of Actuaries

We have accreditation from the Institute and Faculty of Actuaries. Currently our students can receive exemptions for CS1, CM2 and CB1 of the professional actuarial exams conducted by the Institute and Faculty of Actuaries, the professional body for actuaries in the UK.

Royal Statistical Society 

Moreover, the programme is accredited by the Royal Statistical Society.

Both accreditations can be achieved on a conditional basis. Accreditations depend on your choice and your performance on optional modules.

Accreditations in detail

Teaching Excellence Framework 2023

We’re proud to announce we’ve been awarded a Gold rating for educational excellence.

Accreditations

Institute and Faculty of Actuaries

We have accreditation from the Institute and Faculty of Actuaries. Currently our students can receive exemptions for CS1, CM2 and CB1 of the professional actuarial exams conducted by the Institute and Faculty of Actuaries, the professional body for actuaries in the UK.

Royal Statistical Society 

Moreover, the programme is accredited by the Royal Statistical Society.

Both accreditations can be achieved on a conditional basis. Accreditations depend on your choice and your performance on optional modules.

Course content

Discover what you'll learn, what you'll study, and how you'll be taught and assessed.

Year one

Compulsory modules

Calculus I (MATH101)

Credits: 15 / Semester: semester 1

​At its heart, calculus is the study of limits. Many quantities can be expressed as the limiting value of a sequence of approximations, for example the slope of a tangent to a curve, the rate of change of a function, the area under a curve, and so on. Calculus provides us with tools for studying all of these, and more. Many of the ideas can be traced back to the ancient Greeks, but calculus as we now understand it was first developed in the 17th Century, independently by Newton and Leibniz. The modern form presented in this module was fully worked out in the late 19th Century. MATH101 lays the foundation for the use of calculus in more advanced modules on differential equations, differential geometry, theoretical physics, stochastic analysis, and many other topics. It begins from the very basics – the notions of real number, sequence, limit, real function, and continuity – and uses these to give a rigorous treatment of derivatives and integrals for real functions of one real variable.​ ​

CALCULUS II (MATH102)

Credits: 15 / Semester: semester 2

This module, the last one of the core modules in Year 1, is built upon the knowledge you gain from MATH101 (Calculus I) in the first semester. The syllabus is conceptually divided into three parts: Part I, relying on your knowledge of infinite series, presents a thorough study of power series (Taylor expansions, binomial theorem); part II begins with a discussion of functions of several variables and then establishes the idea of partial differentiation together with its various applications, including chain rule, total differential, directional derivative, tangent planes, extrema of functions and Taylor expansions; finally, part III is on double integrals and their applications, such as finding centres of mass of thin bodies. Undoubtedly, this module, together with the other two core modules from Semester 1 (MATH101 Calculus I and MATH103 Introduction to linear algebra), forms an integral part of your ability to better understand modules you will be taking in further years of your studies.

Introduction to Linear Algebra (MATH103)

Credits: 15 / Semester: semester 1

Linear algebra is the branch of mathematics concerning vector spaces and linear mappings between such spaces. It is the study of lines, planes, and subspaces and their intersections using algebra.

Linear algebra first emerged from the study of determinants, which were used to solve systems of linear equations. Determinants were used by Leibniz in 1693, and subsequently, Cramer’s Rule for solving linear systems was devised in 1750. Later, Gauss further developed the theory of solving linear systems by using Gaussian elimination. All these classical themes, in their modern interpretation, are included in the module, which culminates in a detailed study of eigenproblems. A part of the module is devoted to complex numbers which are basically just planar vectors. Linear algebra is central to both pure and applied mathematics. This module is an essential pre-requisite for nearly all modules taught in the Department of Mathematical Sciences.

Mathematical IT skills (MATH111)

Credits: 15 / Semester: semester 1

This module introduces students to powerful mathematical software packages such as Maple and Matlab which can be used to carry out numerical computations or to produce a more complicated sequence of computations using their programming features. We can also do symbolic or algebraic computations in Maple. These software packages have built-in functions for solving many kinds of equations, for working with matrices and vectors, for differentiation and integration. They also contain functions which allow us to create visual representations of curves and surfaces from their mathematical descriptions, to work interactively, generate graphics and create mathematical documents. This module will teach students many of the above-mentioned features of mathematical software packages. This knowledge will be helpful in Years 2, 3 and 4 when working on different projects, for example in the modules MATH266 and MATH371.

Introduction to Statistics using R (MATH163)

Credits: 15 / Semester: semester 2

Students will learn fundamental concepts from statistics and probability using the R programming language and will learn how to use R to some degree of proficiency in certain contexts. Students will become aware of possible career paths using statistics.

INTRODUCTION TO FINANCE (ACFI103)

Credits: 15 / Semester: semester 2

This module introduces students to fundamental concepts in finance. The course aims to provide a firm foundation for the students to build on later on in the second and third years of their programmes, by covering basic logical and rational analytical tools that underpin financial decisions. The course covers topics such as the structure of firms and time value of money. Building on these notions, we then discuss the valuation of simple securities such as bonds and equities. The course also introduces students to project appraisal techniques.

Introduction to Study and Research in Mathematics (MATH107)

Credits: 15 / Semester: semester 1

This module looks at what it means to be a mathematician as an undergraduate and beyond. The module covers the discussion of mathematics at university, research mathematics and careers for mathematicians as well as core elements of mathematical language and writing such as logic, proofs, numbers, sets and functions. The activities include sessions delivered by staff on their research areas, sessions by alumni and other mathematicians working outside academia on careers for mathematicians and sessions by careers services. The module also provides key tools needed for studying mathematics at university level. You will explore the core mathematical concepts in more detail in groups and individually and practice communicating mathematics in speech and writing.

Theory of Interest (MATH167)

Credits: 15 / Semester: semester 2

This module mainly focuses on the theory of interest rates in financial mathematics.  The module provides an understanding of some fundamental concepts of financial mathematics, and how these concepts are applied in calculating present and accumulated values for various streams of cash flows. Students will also be given an introduction to financial instruments, such as derivatives and the concept of no-arbitrage.​

Programme details and modules listed are illustrative only and subject to change.

Our curriculum

The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:

  • Digital fluency
  • Confidence
  • Global citizenship

Our curriculum is characterised by the three Liverpool Hallmarks:

  • Research-connected teaching
  • Active learning
  • Authentic assessment

All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.

Course options

Studying with us means you can tailor your degree to suit you. Here's what is available on this course.

Language study

Every student at The University of Liverpool can study a language as part of, or alongside their degree. You can choose:

  • A dedicated languages degree
  • A language as a joint or major/ minor degree
  • Language modules (selected degrees)
  • Language classes alongside your studies

Read more about studying a language

Your experience

We have a large department with highly qualified staff, a first-class reputation in teaching and research, and a great city in which to live and work.

Your course will be delivered by the Department of Mathematical Sciences.

Virtual tour

Supporting your learning

From arrival to alumni, we’re with you all the way:

What students say...

The academic staff in the Department are fantastic and their doors are all open if you want to go and talk to them

, MMath Mathematics

Careers and employability

A mathematically-based degree opens up a wide range of career opportunities, including some of the most lucrative professions.

Recent employers of our graduates are:

  • Barclays Bank plc
  • Deloitte
  • Forrest Recruitment
  • Marks and Spencer
  • Mercer Human Resource Consulting Ltd.
  • Venture Marketing Group.
  • BAE Systems
  • BT
  • Guardian Media Group
  • Royal Bank of Scotland
  • Siemens
  • Unilever.

87.5% of mathematical sciences graduates go on to work or further study within 15 months of graduation.

Discover Uni, 2018-19.

Meet our alumni

Hear what graduates say about their career progression and life after university.

Fees and funding

Your tuition fees, funding your studies, and other costs to consider.

Tuition fees

UK fees (applies to Channel Islands, Isle of Man and Republic of Ireland)
Full-time place, per year £9,250
Year in industry fee £1,850
Year abroad fee £1,385
International fees
Full-time place, per year £24,800
Year abroad fee £12,400
Fees are correct for the academic year 2024/25. Please note that the Year Abroad fee also applies to the Year in China.

Tuition fees cover the cost of your teaching and assessment, operating facilities such as libraries, IT equipment, and access to academic and personal support. Learn more about paying for your studies..

Additional costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about the additional study costs that may apply to this course.

Additional study costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about additional study costs.

Scholarships and bursaries

We offer a range of scholarships and bursaries to provide tuition fee discounts and help with living expenses while at university.

Check out our Liverpool Bursary, worth up to £2,000 per year for eligible UK students. Or for international students, our Undergraduate Global Advancement Scholarship offers a tuition fee discount of up to £5,000 for eligible international students starting an undergraduate degree from September 2024.

Discover our full range of undergraduate scholarships and bursaries

Entry requirements

The qualifications and exam results you'll need to apply for this course.

We've set the country or region your qualifications are from as United Kingdom. Change it here

Your qualification Requirements

About our typical entry requirements

A levels

AAB including Mathematics A level grade A.

Applicants with the Extended Project Qualification (EPQ) are eligible for a reduction in grade requirements. For this course, the offer is ABB with A in the EPQ.

You may automatically qualify for reduced entry requirements through our contextual offers scheme.

If you don't meet the entry requirements, you may be able to complete a foundation year which would allow you to progress to this course.

Available foundation years:

T levels

T levels are not currently accepted.

GCSE 4/C in English and 4/C in Mathematics
Subject requirements

Applicants must have studied Mathematics at Level 3 within 2 years of the start date of their course.

For applicants from England: For science A levels that include the separately graded practical endorsement, a "Pass" is required.

BTEC Level 3 National Extended Diploma

Applications considered when combined with A level Maths grade A

International Baccalaureate

35 including 6 in Higher Mathematics

Irish Leaving Certificate H1, H1, H2, H2, H2, H3 including Mathematics at H1
Scottish Higher/Advanced Higher

Advanced Highers accepted at grades AAB including grade A in Mathematics.

Welsh Baccalaureate Advanced Acceptable at grade B or above alongside AA at A level including grade A in Mathematics.
Access Considered
International qualifications

Many countries have a different education system to that of the UK, meaning your qualifications may not meet our entry requirements. Completing your Foundation Certificate, such as that offered by the University of Liverpool International College, means you're guaranteed a place on your chosen course.

English language requirements

You'll need to demonstrate competence in the use of English language, unless you’re from a majority English speaking country.

We accept a variety of international language tests and country-specific qualifications.

International applicants who do not meet the minimum required standard of English language can complete one of our Pre-Sessional English courses to achieve the required level.

English language qualification Requirements
IELTS 6.0 overall, with no component below 5.5
TOEFL iBT 78 overall, with minimum scores of listening 17, writing 17, reading 17 and speaking 19
Duolingo English Test 105 overall, with no component below 95 
Pearson PTE Academic 59 overall, with no component below 59
LanguageCert Academic 65 overall, with no skill below 60
Cambridge IGCSE First Language English 0500 Grade C overall, with a minimum of grade 2 in speaking and listening. Speaking and listening must be separately endorsed on the certificate.
Cambridge IGCSE First Language English 0990 Grade 4 overall, with Merit in speaking and listening
Cambridge IGCSE Second Language English 0510/0511 0510: Grade C overall, with a minimum of grade 2 in speaking. Speaking must be separately endorsed on the certificate. 0511: Grade C overall.
Cambridge IGCSE Second Language English 0993/0991 0993: Grade 5 overall, with a minimum of grade 2 in speaking. Speaking must be separately endorsed on the certificate. 0991: Grade 5 overall.  
International Baccalaureate Standard Level grade 5 or Higher Level grade 4 in English B, English Language and Literature, or English Language
Cambridge ESOL Level 2/3 Advanced 169 overall, with no paper below 162

PRE-SESSIONAL ENGLISH

Do you need to complete a Pre-Sessional English course to meet the English language requirements for this course?

The length of Pre-Sessional English course you’ll need to take depends on your current level of English language ability.

Find out the length of Pre-Sessional English course you may require for this degree.

Pre-sessional English

If you don’t meet our English language requirements, we can use your most recent IELTS score, or the equivalent score in selected other English language tests, to determine the length of Pre-Sessional English course you require.

Use the table below to check the course length you're likely to require for your current English language ability and see whether the course is available on campus or online.

Your most recent IELTS score Pre-Sessional English course length On campus or online
5.5 overall, with no component below 5.5 6 weeks On campus
5.5 overall, with no component below 5.0 10 weeks On campus and online options available
5.0 overall, with no component below 5.0 12 weeks On campus and online options available
5.0 overall, with no component below 4.5 20 weeks On campus
4.5 overall, with no component below 4.5 30 weeks On campus
4.0 overall, with no component below 4.0 40 weeks On campus

If you’ve completed an alternative English language test to IELTS, we may be able to use this to assess your English language ability and determine the Pre-Sessional English course length you require.

Please see our guide to Pre-Sessional English entry requirements for IELTS 6.0, with no component below 5.5, for further details.

Contextual offers: reduced grade requirements

Based on your personal circumstances, you may automatically qualify for up to a two-grade reduction in the entry requirements needed for this course. When you apply, we consider a range of factors – such as where you live – to assess if you’re eligible for a grade reduction. You don’t have to make an application for a grade reduction – we’ll do all the work.

Find out more about how we make reduced grade offers.

About our entry requirements

Our entry requirements may change from time to time both according to national application trends and the availability of places at Liverpool for particular courses. We review our requirements before the start of the new UCAS cycle each year and publish any changes on our website so that applicants are aware of our typical entry requirements before they submit their application.

Recent changes to government policy which determine the number of students individual institutions may admit under the student number control also have a bearing on our entry requirements and acceptance levels, as this policy may result in us having fewer places than in previous years.

We believe in treating applicants as individuals, and in making offers that are appropriate to their personal circumstances and background. For this reason, we consider a range of factors in addition to predicted grades, widening participation factors amongst other evidence provided. Therefore the offer any individual applicant receives may differ slightly from the typical offer quoted in the prospectus and on the website.

Alternative entry requirements

Changes to Mathematics with Finance with a Year Abroad BSc (Hons)

See what updates we've made to this course since it was published. We document changes to information such as course content, entry requirements and how you'll be taught.

7 June 2022: New course pages

New course pages launched.

6 December 2022: Module changes

Compulsory module list updated

 

Year 3 compulsory modules

Removed – MATH371: NUMERICAL ANALYSIS FOR FINANCIAL MATHEMATICS

15 March 2023: Accreditation updates

Accreditation details updated. Please see course page for information.

15 May 2023: Year/Module information update

Updates to the introduction text for Year/Module