New BSc in Financial Mathematics is Launched

The School of Mathematics at Cardiff University is proud to announce an innovative new degree in BSc Financial Mathematics.

This three year degree has been designed in response to strong demand from industry  and will prepare students with the mathematical and financial skills to work in today’s finance and investment sectors.

Graduates will have excellent career opportunities in many areas of finance including asset management, trading, analysis and investment banking.

Course Director and Senior Lecturer in Financial Mathematics Dr Maggie Chen said: “This BSc course aims to equip students with a solid foundation utilising theories and tools in mathematics, statistics and finance to focus on issues and topics relevant to the computational and market design side of contemporary finance.

Students will also have the opportunity to gain practical transferable skills thanks to our new simulated trading room where they can implement theories covered in lectures and so have a feel for making important investment decisions in a real financial world environment.

This BSc scheme benefits further from the support and collaboration of local and city investment and trading firms, with students being given opportunities to visit various fund community institutions such as the Lloyds Insurance Market (London), Lloyds Banking Group, and OSTC.  In the near future, it is hoped that the partnership with these firms will develop further, leading to the sponsorship of student bursaries and prizes.

The new degree has received enthusiastic backing from industry with companies agreeing that graduates will possess valuable skills and experience, making it stand out from a traditional mathematics degree.

Dr Jack Baber, Credit Risk Manager, Lloyds Banking Group, said: “The BSc Financial Mathematics proposed by Cardiff School of Mathematics is an exciting scheme. The financial sector is always looking for students with mathematical talents, and if they have specialist training in areas of financial mathematics (such as statistics, risk, computing) then such students will be even more desirable to the sector.”

Students may also choose to extend their three-year BSc Financial Mathematics by opting to take either a Year of Professional Placement where they can earn a salary and get real-world experience of life as a mathematician/ statistician, or by taking a Year Abroad to study at an overseas university. The School has established many links in Canada, Australia, USA and Europe.

The School is currently recruiting its first intake for September 2016.

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