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Mathematics and Finance (BSc)

UCAS codeTypical offerLength
GL11AAA including A in Mathematics (See full entry requirements)3 years full-time
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The BSc in Mathematics and Finance aims to advance students' mathematical and analytical skills as well as their understanding of the theory of finance. Mathematics is a useful language in which the theories of finance may be developed in the most rigourous way, and it provides methodogical and statistical tools for the critical analysis of data.

York offers:

  • Wide variety of modules covering the full spectrum of mathematical disciplines
  • Emphasis on small-group teaching
  • Transferable skills developed throughout the degree

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Overview

Why study Maths and Finance?

Mathematical finance is an increasingly technical profession practised by people with a strong background in mathematical sciences because of their quantitative skills. Today financial firms look for professionals who are capable of carrying out sophisticated economic and financial analyses using statistical and mathematical tools. This degree provides rigorous training in all these areas at a level relevant to practitioners in the modern quantitative finance industry.

 

Why study at York?

In this three-year degree students take modules in mathematics, statistics and financial economics.  The first year develops a strong foundation in mathematics and statistics, as well as in general and financial economics, on which to build in the following two years. In the second year emphasis is on consolidating quantitative and analytical skills while studying the core concepts in finance and economics. In the final year, students learn sophisticated methods of quantitative finance based on stochastic calculus, covering derivative securities and risk management, and statitistical techniques used in the analysis of financial data.  The latter are used, for example, to model and forecast financial variables such as interest rates and stock prices. There are also opportunities to study business finance, computer programming with C++, as well as other options.

At York we place particular emphasis on small group teaching and a friendly atmosphere.  Our comprehensive tutorial system gives extensive support to first year students.

About 40 mathematicians and 50 economists are engaged in teaching, and are also active in developing the subject through leading international and interdisciplinary research.   Thus we are able to offer a wide range of final year options, which are taught and supervised by enthusiastic lecturers involved in the latest developments of their subject.

Transferable skills are developed during the entire degree programme.  Tutorials encourage logical and analytical thinking, and help develop your ability to read books and papers critically, and to write clearly and concisely.

Course content

First Year

You take two 30 credit modules that run during the entire teaching year:

and one 20 credit module in the Autumn term:

Altogether you obtain 80 credits in Mathematics.

In the Economics Department you take

  • Economics 1 (20 credits)
  • Economic Data Analysis (20 credits)

Altogether you obtain 40 credits in Economics

Details of these modules can be found on the Economics Department website.

Second Year

In the department of Mathematics you take the following modules

Altogether you obtain 60 credits from Mathematics.

In the department of Economics you taken the following modules over the entire teaching year

  • Microeconomics 2 ECO00001I (20 credits)
  • Macroeconomics 2 ECO00002I (20 credits) or Econometrics for Economists (ECO00003I) (20 credits)

and

  • Financial Economics and Capital Markets ECO00004I (20 credits), Spring/Summer Term

Details of these modules can be found on the Economics Department website.

Altogether you obtain 60 credits from Economics.

Third Year

In the Department of Mathematics you take

In the department of Economics you take

  • Principles of Corporate Finance ECO00012H (20 credits)
  • The Structure and Regulation of Financial Markets ECO00013H(20 credits)
  • Introduction to Time Series ECO00020H (10 credits)
  • Financial Econometrics ECO00021H (10 credits)

Details of these modules can be found on the Economics Department website.

The remaining 40 credits of the year are made up from optional modules from the Department of Mathematics and the Department of Economics, of which at least 20 credits must be Mathematics modules. You may choose from most Mathematics modules from the 3rd year module table.

The Economics modules can be taken from the Third Year Options shown below

  • Microeconomics 3 (20 credits)
  • Macroeconomics 3 (20 credits)
  • Applied Economics (20 credits)
  • Economics of Social Policy (20 credits)
  • Labour Economics (20 credits)
  • Health Economics (20 credits)
  • Mathematical Economics (20 credits)
  • Industrial Economics (20 credits)
  • International Economics (20 credits)
  • Monetary Economics (20 credits)
  • Alt Perspectives in Econ (20 credits)
  • Structure & Regulations of Financial Markets (20 credits)
  • Economics Project (this begins in the Summer Term of your Second Year) (20 credits)

Details of all these modules can be found on the Economics Department website.

Teaching

Teaching

For most modules, lectures are the main mode of teaching.  In the first year there may be around 200 students in a lecture.  The crucial factor in any university programme is the small group teaching in support of these.

In your first year, your meet your tutor once a week for a small group tutorial, where there are between 8 and 10 students.  In these sessions you discuss the core Maths modules – usually this means reviewing any lecture material that is puzzling, discussing solutions to assignments, and developing your skills in understanding, creating and presenting mathematical arguments.  In addition, the tutorials are used to teach transferable skills, increasing your employability on graduation.

In the other first year modules, seminars, generally of around 20 students, meet throughout term-time. They examine, by discussion or exercises, topics related to the preceding lecture. Seminars are also a forum for the analysis of particular topics, and in Economics are often introduced by students presenting papers to the group.

Seminars continue through the second year, while in third year the lecture programmes are mostly in smaller groups and each has a weekly seminar or problem class.

Some modules have practical computer classes.

Modules have extensive material provided our VLE.  This may include lecture notes, solutions to assignments, past exam papers, and links to further reading.  In addition, each module has its own discussion forum, allowing students to ask questions about the module content. 

Around 20% of your time will be spent in scheduled teaching.  University maths is full of new concepts and requires more time spent assimilating these - more 'thinking time' - than school maths.  Therefore an important part of studying at university is independent study and practising problem sheets.  Of course, if you have any difficulties, lecturers are always available for informal consultation, and we maintain an atmosphere of approachability amongst our staff.

Assessment

Assessment

The majority of the modules are assessed by examinations, complemented by weekly or fortnightly homework so that you and the lecturers can assess your progress as you proceed through each module.  This allows you to practise the maths and gain valuable feedback before the formal assessment takes place. 

What kind of feedback will I get?

Lecturers provide feedback in a variety of forms, according to the needs of the specific module. It may consist of written feedback on work that you have handed in, in-class discussion of common problems on a particular assignment, model answers, or online responses to questions posted on the module discussion board.

Adjustments for students with disabilities

We do our best to accommodate reasonable adjustments for students with disabilities wherever possible. This may include extra time, rest breaks, or provision of a transcriber, amongst other things. These adjustments would be preceded by a formal assessment of needs.  Further information can be found on the Disability Services website.

Careers

Careers

Mathematics and finance graduates are in great demand by a wide range of employers, who value the skills developed over the course of the degree. The ability to communicate and solve complex problems and critically analyse information in a logical way are all much sought after from organisations in both the public and private sectors. While a number of mathematics and finance graduates choose to pursue careers in research and teaching, over 70% of our most recent graduates have gone on to a range of careers including:

  • Banking and financial services
  • Computing and IT 
  • Law 
  • Engineering 
  • Accountancy and actuarial work 
  • Media and creative
  • Public administration 
  • Logistics 
  • Hospitality and sales 
  • Telecommunications

Six months after graduation, 91% of University of York Maths graduates are employed or in further study. More information can be found at the University's careers pages where you can also see profiles of recent graduates

Applying

Applying

All applications must be made through UCAS.  We do not generally interview applicants before making an offer, but all those who are offered a place will be invited to a visit day between January and April. Here you will have an opportunity to meet our staff and students, including a one-to-one conversation with a member of academic staff.  This is an ideal opportunity to visit the campus, find out more information about studying mathematics, and ask any questions you may have. If you are interested in visiting York before applying, the University runs a number of Open Days throughout the year.

A-level requirements

  • AAA in three A-levels including Mathematics. In common with many other Economics departments, York will only accept either A level Economics or Business Studies, but not both, from candidates who are taking both.

For the remainder of the offer the department accepts all (including vocational) A-level subjects, with the exception of Modern Foreign Languages taken by native speakers.

 

Other qualifications

Cambridge Pre-U: Pass with D3, D3, M2 in three Principal Subjects, including Mathematics.

International Baccalaureate: 35 points overall, including HL6 in Mathematics

Scottish Highers: AAAAB including A in Mathematics 

Irish Leaving Certificate: AAAABB including A1 in Mathematics

European Baccalaureate: 80% average overall, including 85% in Mathematics

English Language Qualifications

IELTS with 6.5 overall, and 6.0 in all units.

TOEFL (iBT) with 87,  with a minimum of 21 in each component  

GCSE English Language with grade C

Mature students

We welcome applications from suitably qualified 'mature' applicants (those aged 21 or over). Mathematics is not an easy subject to take up later in life, but it can be a rewarding one. However, if you want to read mathematics at York, then you will need to have studied mathematics at A-level or equivalent standard in the fairly recent past, because the first year courses all start from the presumption that you have this knowledge. This does not mean that we will necessarily insist on any particular formal qualifications as long as we are convinced that you are in a position to benefit from the course here. We normally interview all mature applicants before making a formal offer.

Edited 1 Sep 2014 - 11:04 by sbc502

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