University of Liverpool

Course Details

Mathematics with Finance BSc (Hons)

Course Description

Actuarial ProfessionThis 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 recently received 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. ‌‌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 specialized 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 course is designed to prepare you for a career in banking sector, pension or investment funds, hedge funds, consultancy and auditing firms or government regulators. Mathematics with Finance course prepares students to be professionals who use mathematical models to analyze and solve financial problems under uncertainty. The programme will provide a useful perspective on how capital markets function in a modern economy. Accreditation 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 quantitative finance or banking after graduation. We have recently received 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. Why this subject? Range and depth of study options. We offer a wide range of modules, ranging from microeconomics to statistics and operational research. In the final year, many of our degree programmes offer the opportunity to undertake an in-depth project on a topic of your choice, supervised by a leading expert in the field. Exceptional employability. At Liverpool, we listen to employers’ needs. Alongside key problem solving skills, employers require strong communication skills and the ability to work in a team. Both of these are integral to our Mathematics programmes. As a result, we have an excellent graduate employment record. About a third of graduates become business and finance professionals; other favoured areas include: management training, information technology, further education or training (including teacher training) and scientific research and development. Teaching quality. We are proud of our teaching quality record, with five members of the Math Department having received the prestigious Sir Alastair Pilkington Award for Teaching and two members of IFAM being recognized as lecturers of the year. We care about each student and you will find the staff friendly and approachable. Accessibility. We take students with an enthusiasm for mathematical sciences and give them the opportunity to specialise in the area of their interest. Supportive atmosphere. Features such as the peer-assisted study scheme whereby second year and upward students assist first years with maths problems. These are small sized tutorials of around six or seven first year students. There is also the common room and kitchen areas for the Department’s students, and a lively maths society helps to foster a friendly and supportive environment. Innovative outreach programme. We have an extensive outreach programme with schools in the Merseyside area and beyond. A maths club meets monthly for enriching the mathematical experience of Year 10 and 11 pupils. Undergraduate students, particularly those interested in a career in teaching, are encouraged to take part in our outreach activities.

Course Duration

NumberDuration
3year

Career outcomes

There is a high demand for mathematics graduates. Employers value highly mathematicians' high level of numeracy and problem solving skills. Financial rewards are impressive: recent research by Pricewaterhouse Coopers revealed that mathematical science graduates earn on average an extra £241,749 over their lifetime than those who leave school after A levels. This is the third highest 'graduate premium' of all subject areas. Typical types of work undertaken by our graduates include: Actuarial Trainee Analyst in the Audit Practice Graduate Management Trainee Risk Analyst Trainee Chartered Accountant Graduate Business Programme Recent employers Aston University Barclays Bank plc Deloitte EuroMoney Training Forrest Recruitment Mercer Human Resource Consulting Ltd Mitchell Charlesworth Norwich Union Transmission Marketing Ltd Venture Marketing Group Wilson Henry Partnership Wolsley Group Recruiters BeAnActuary.org GAAPS Actual Search REED Star Actuarial Math-Jobs.com Work experience opportunities An optional Work Placement module is offered during the summer vacation following Year Two. This is an opportunity for students to use their Mathematics in the workplace and get credit towards their degree.

Mathematics with Finance BSc (Hons) University of Liverpool