Mathematics with Finance (Hons) Lancaster University

Overview

Financial maths is about learning to interpret and manipulate data to draw valuable conclusions and make predictions. This is particularly important in business and finance, but the skills gained from this programme in Mathematics with Finance (Hons) at Lancaster University are widely applicable and highly sought after. 

Over the three years, you will be able to draw on expertise from three specialist departments: the School of Mathematical Sciences; Accounting and Finance; and Economics.

During your first year, you will build on your previous knowledge and understanding of mathematical methods and concepts. Modules cover a wide range of topics from calculus, probability and statistics to logic, proofs and theorems. As well as developing your technical knowledge and mathematical skills, you will also enhance your data analysis, problem-solving and quantitative reasoning skills. During this year, you will also receive an introduction to accounting and finance, which will provide you with a comprehensive understanding of the concepts and techniques of the discipline, including financial accounting, managerial finance, and financial statement analysis.

In the second year, you will further develop your knowledge in analysis, probability and statistics. During this year, you will also begin to explore advanced finance and will benefit from modules in economics at managerial level. These will provide you with insight into micro and macroeconomics, and their related issues. You will develop real-world knowledge and experience by applying your analytical skills, interpreting events and evaluating policies. This will be instrumental in developing a career related to banking, finance, international payments and exchange rates, and monetary policy.

During your third year, you will delve deeper into the theory of probability and will explore the concept of statistical inference. Alongside this, you will gain valuable industry and employability skills through a dedicated careers-focused module. This final year will also be highly customisable, allowing you to select from a range of modules to suit your own interests and career aspirations.

Careers

Financial maths graduates are very versatile, having in-depth specialist knowledge and a wealth of skills. Through this degree, you will graduate with a comprehensive skill set, including data analysis and manipulation, logical thinking, problem-solving and quantitative reasoning, as well as adept knowledge of the discipline. As a result, financial mathematicians are sought after in a range of industries. However, graduates of this programme are ideally placed to forge rewarding careers in the business and finance, and government sectors.

The starting salary for many financial maths graduate roles is highly competitive, and career options include:

• Actuary
• Data Analyst
• Finance Manager
• Financial Analyst
• Insurance Underwriter
• Investment Analyst
• Market Researcher

Alternatively, you may wish to undertake postgraduate study at Lancaster and pursue a career in research and teaching.