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FHEQ level

This course is set at Level 7 (Masters) in the national Framework for Higher Education Qualifications.

Course Aims

The Mathematics with Finance (MMath) degree programme aims to provide:
1. teaching in the mathematical and financial sciences that is advanced and broad-based and, where appropriate, informed by a research base of international standard;
2. a programme structure which allows transfer between certain programmes at appropriate stages, and a guided choice of courses to meet students' developing interests;
3. a coherent set of courses grouped for intellectual and vocational reasons, based on a mathematics, statistics and finance core building progressively on advanced skills and knowledge acquired during the programme;
4. a sound preparation for further training and research and for a career requiring advanced mathematical, statistical or financial science knowledge and understanding;
5. an admissions policy which gives access to students with special needs and to mature and other prospective students who may have unconventional academic backgrounds;
6. provision for students to develop personal, transferable and intellectual skills, enabling them to compete successfully on the employment market.

Course learning outcomes

Knowledge and Understanding: By the end of the programme a successful student is expected to be able to: demonstrate in depth knowledge and understanding of a core of analysis, algebra, applied mathematics, probability and statistics, much of which is at (or is informed by) the forefront of the discipline; demonstrate knowledge and understanding of advanced topics, depending on his or her own choice to enable the student to progress either in professional work or to PhD research.

Knowledge and Understanding: By the end of the programme a successful student is expected to master the core principles of finance, including common knowledge in financial institutions, products and markets, as well as understanding of advanced topics in finance.

Intellectual Skills: By the end of the programme a successful student is expected to be able to demonstrate ability to understand and use mathematical argument and deductive reasoning; demonstrate awareness of the importance of mathematical and statistical assumptions and awareness of their use.

Intellectual Skills: By the end of the programme a successful student is expected to be able to analyse a finance or industrial problem using an appropriate theoretical framework with strong mathematics content and present ideas, concepts and information using means appropriate to the audience and the problem at issue.

Intellectual Skill: By the end of the programme a successful student is expected to be able to understand and critically evaluate current research and, where appropriate, to suggest new ideas.

Practical Skills: By the end of the programme a successful student is expected to be able to: explore and solve advanced mathematical problems, by selecting appropriate techniques; demonstrate knowledge and understanding of the process of mathematical or statistical modelling; exhibit advanced skills of numeracy, involving use of quantitative concepts and arguments, where appropriate, at all stages of work.

Practical Skills: By the end of the programme a successful student is expected to be able to demonstrate an understanding of appropriate concepts in finance that may be of wider use in a decision-making context (e.g. discounting and interest rate markets) and demonstrate competence in the use of mathematical methods and techniques in problem solving and modelling, in particular in finance.

Transferable Skills: By the end of the programme a successful student is expected to be able to: take decisions in complex and unpredictable contexts; apply a range of mathematical, computational, numerical, statistical and financial skills; communicate scientific/financial information orally and in writing; work and learn independently, including taking responsibility for their own learning, time-management and organisation.

Full-time course composition