We expect that most, if not all, government restrictions will be eased by the time you begin your studies with us in 2022. However, we will always adapt to the latest guidance and will keep you informed of any changes we need to make to how your programme is delivered.
This is one of our most popular degree programmes with great employment potential. The programme is designed primarily for those who wish to work in finance, insurance or banking after graduation. We have accreditation from the Institute and Faculty of Actuaries. Currently our students can receive exemptions for CT1, CT2, CT3 and CT4 of the professional actuarial exams conducted by the Institute and Faculty of Actuaries, the professional body for actuaries in the UK.
Please note that we regularly review our teaching, so the choice of modules may change.
Programme in detail
In the first two years of this programme, 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 last year, you will cover some specialised work in financial mathematics. Subsequently, you will begin to study more advanced ideas in probability theory and statistics as well as stochastic modelling, econometrics and finance.
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.
Programme Year One
The Mathematics with Finance degree has been accredited by the UK Actuarial Profession, which means that students can obtain exemptions from some of the subjects in the Institute and Faculty of Actuaries’ examination system.
All exemptions will be recommended on a subject-by-subject basis, taking into account performance at the University of Liverpool.
Further information can be found at the actuarial profession’s website actuaries.org.uk website.
Core Technical Stage
Exemptions are based on performance in the relevant subjects as listed below.
Subject CT1 - Financial Mathematics: Financial Mathematics I & II
Subject CT2 - Finance & Financial Reporting: Introduction to Financial Accounting, Introduction to Finance & Financial Reporting and Finance
Subject CT3 - Probability & Mathematical Statistics: Statistical Theory I & II
Subject CT4 - Models: Applied Probability & Actuarial Models
Year One Compulsory Modules
Calculus I (MATH101)
Calculus II (MATH102)
Introduction to Linear Algebra (MATH103)
Mathematical It Skills (MATH111)
Introduction to Statistics Using R (MATH163)
Introduction to Finance (ACFI103)
Introduction to Study and Research in Mathematics (MATH107)
Theory of Interest (MATH167)
Programme Year Two
In the second and subsequent years of study, there is a wide range of modules. Each year you will take the equivalent of eight modules. Please note that we regularly review our teaching so the choice of modules may change. In addition to the compulsory modules below, you will choose one optional module.
Year Two Compulsory Modules
Corporate Financial Management for Non-specialist Students (ACFI213)
Financial Reporting and Finance (non-specialist) (ACFI290)
Statistics and Probability I (MATH253)
Differential Equations (MATH221)
Financial Mathematics (MATH262)
Statistics and Probability II (MATH254)
Year Two Optional Modules
Introduction to Data Science (COMP229)
Operational Research: Probabilistic Models (MATH268)
Metric Spaces and Calculus (MATH242)
Numerical Methods (MATH256)
Operational Research (MATH269)
Programme Year Three
Choose 4 further modules (2 from semester 1 and 1 from semester 2) of which at least 3 must be MATH modules
Year Three Compulsory Modules
Applied Probability (MATH362)
Stochastic Modelling in Insurance and Finance (MATH375)
Numerical Analysis for Financial Mathematics (MATH371)
Statistical Methods in Insurance and Finance (MATH374)
Financial and Actuarial Modelling in R (MATH377)
Year Three Optional Modules
Maths Summer Industrial Research Project (MATH391)
Econometrics 1 (ECON212)
Further Methods of Applied Mathematics (MATH323)
Linear Statistical Models (MATH363)
Networks in Theory and Practice (MATH367)
Measure Theory and Probability (MATH365)
Derivative Securities (ACFI310)
Game Theory (MATH331)
Applied Stochastic Models (MATH360)
Theory of Statistical Inference (MATH361)
Stochastic Theory and Methods in Data Science (MATH368)
Mathematical Risk Theory (MATH366)
|A level requirements||AAB (this is the typical entry requirement) for this course.
|Subject requirements||Mathematics A level grade A.
Applicants must have studied Mathematics at Level 3 within 2 years of the start date of their course.
For applicants from England: Where a science has been taken at A level (Chemistry, Biology or Physics), a pass in the Science practical of each subject will be 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.|
|International entry information||Find your country|
|Extended Project Qualification||Applicants who offer the Extended Project Qualification (EPQ) and meet our offer criteria will be made the standard offer, plus an alternative offer. This will be at one A Level grade lower plus a grade A in the EPQ, for example the offer would be AAB or ABB plus A in the EPQ, including grade A in Mathematics.|
Alternative entry requirements
We are committed to supporting under-represented groups to access higher education through our use of contextual data in admissions. This means that certain specified groups who may have experienced barriers to their education may be made an offer with up to a two grade reduction from our standard offer. Please note that some exceptions apply. Read the detail on our contextual admissions strategy to find out more.
Additional course costs
We want to try and help you prepare for the day-to-day costs of studying. These might include things like photocopying in the library, buying textbooks and specialist equipment or going on field classes. We've put together some useful information to help you understand these costs, including where subsidies are available from your academic department. Please see our study costs page for full details.
Tuition fees for the academic year 2021 are £9,250.
The University reviews tuition fees each year. The current expectation is that the University will increase fees for each year of study normally in line with inflation as specified by Parliament. This is likely to be the Retail Price Index (RPIX)* measure of inflation. This means your fees will rise in line with inflation for each year of study.
Student fee loans are also expected to rise in line with the fee cap, to ensure that higher education remains affordable to all.
Exceptions to the £9,250 fee:
Some of our programmes charge less than the full £9,250 fee:
- Foundation programmes: the fee for the foundation year of specified programmes at Carmel College and Birkenhead Sixth Form College is £5,140.
- Programmes with a Foundation element: Psychology BSc (Hons) (2+2 programme with Foundation element) is run in collaboration with Wirral Metropolitan College. The fee for the first two years is set by Wirral Metropolitan College.
- Programmes with a year in industry or a year abroad: the fee for students spending a full year working in industry is £1,850. The fee for students spending a full year abroad is £1,385.
*RPIX is a measure of inflation in the UK, equivalent to the all items in the Retail Price Index (RPI) excluding mortgage interest payments.
Use our Finance Calculator to get an indication of your tuition fees and any financial support that may be available.
International students are required to pay the full costs of their tuition in the UK with each university setting its own international fees. Fees for undergraduate programmes and a full list of fees are available on our International fees pages.
For information on tuition fees and funding for EU students, please see our guidance for students on the UK leaving the EU.
The University of Liverpool has a strong track record in widening access to higher education. With this in mind, we offer a range of scholarships and bursaries to support talented students from every background. See our Scholarships and Bursaries page for further information.