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Financial Mathematics (including foundation year) - BSc (Hons)

Add to my prospectus Why study this course? More about this course Entry requirements Modular structure After the course How to apply Meet the team Visit us

Why study this course?

Our Financial Mathematics (including foundation year) BSc (Hons) is the ideal choice if you’d like to gain a finance-orientated degree to make your first step towards a career in finance, financial mathematics or banking, but don’t have the necessary requirements to enter the standard three-year undergraduate course.

This four-year course has a built-in foundation year to prepare you for study and assessments at undergraduate level. During this year you’ll gain a range of fundamental skills in mathematics and its applications, not only in finance but also in programming and computer security.

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More about this course

Our Financial Mathematics (including foundation year) BSc (Hons) is designed to provide you with expertise in financial mathematics, as well as mathematical processes in problem solving, analysis and evaluation.

Throughout your degree you will receive support from your tutors and other specialist staff. There will be opportunities to attend skill building workshops, including essay writing, interview and job application skills.

Your foundation year will be shared with students from other foundation year courses and  therefore you’ll find opportunities to learn about different disciplines within mathematics and computing. The foundation year is diagnostic in nature and it will allow you to discover other disciplines within the School of Computing and Digital Media. You’ll learn how to use programming language, get introduced to theoretical concepts underpinning computer software design, gain fundamental knowledge corresponding to cyber security and learn how to solve mathematical problems.

During the subsequent three years of your bachelor’s course you’ll study the same course content and have the same choice of modules as students on the standard three-year course. Visit our Financial Mathematics BSc course page to learn more about what you’ll study during those years.

If, at the end of your foundation year, you find that you’d like to specialise in a different discipline within the School there will be flexibility to allow you to do this.

Assessment

Our methods of assessment will consist of online quizzes, lab-based tests, short answer tests, group assignments, exams, essays, research projects and a final year dissertation.

Fees and key information

Course type
Undergraduate
UCAS code G114
Entry requirements View
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Entry requirements

In addition to the University's standard entry requirements, you should have:

  • at least one A level (or a minimum of 32 UCAS points from an equivalent Level 3 qualification, eg BTEC Subsidiary/National/BTEC Extended Diploma)
  • English Language and Mathematics GCSE at grade C/4 or above (or equivalent, eg Functional Skills at Level 2) – if you meet UCAS points criteria but obtained a grade D/3 in English and/or Maths at GCSE you may be offered a University test in these areas

To study a degree at London Met, you must be able to demonstrate proficiency in the English language. If you require a Tier 4 student visa you may need to provide the results of a Secure English Language Test (SELT) such as Academic IELTS. For more information about English qualifications please see our English language requirements.

If you need (or wish) to improve your English before starting your degree, the University offers a Pre-sessional Academic English course to help you build your confidence and reach the level of English you require.

Modular structure

The modules listed below are for the academic year 2019/20 and represent the course modules at this time. Modules and module details (including, but not limited to, location and time) are subject to change over time.

Year 0 modules include:

  • This module currently runs:
    • all year (September start) - Friday morning
    • all year (January start) - Thursday afternoon

    On this module students will learn the fundamental knowledge concerning computer security, basic cyber threats and the corresponding detection and defence techniques. Core security concepts, terminology, technologies and professional cyber security skills will be introduced via case studies and laboratory experiments.

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  • This module currently runs:
    • all year (September start) - Wednesday morning
    • all year (January start) - Friday morning

    This module aims to introduce basic hardware and software elements relevant to robotics and internet of things (IoT) at foundation level (level 3). In particular, the module is designed to provide students with an introductory overview and practical experience in design and development of a simple system involving elements of robotics and IoT.

    The module covers the necessary principles and theory through formal lectures/seminars followed by comprehensive laboratory practice involving workshop-based exercises and a case study.

    Read full details
  • This module currently runs:
    • all year (September start) - Tuesday morning
    • all year (January start) - Wednesday morning

    This module introduces students to a range of mathematical techniques involving algebraic properties and graphs of the algebraic, logarithm, exponential and trigonometric functions. Furthermore the module introduces mathematical techniques of differentiation and integration of simple functions.

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  • This module currently runs:
    • all year (September start) - Monday afternoon
    • all year (January start) - Thursday morning

    The module introduces students to theoretical concepts underpinning computer software design; and to programming using a high-level language concentrating on sequence, selection, iteration (loops) and list processing. It is assessed by three individual online tests (20%, 20%, and 30% weighting) and a group programming assignment (30% weighting).

    It aims to enable the student to use a programming language in a familiar and confident way in a variety of practical situations, and to use an integrated programming development environment competently.
    It also enables the student to design and write simple programs, individually and in groups, using the programming language constructs described in the syllabus below; and to develop techniques to ensure software quality and robustness, and to produce a reflective report.

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Year 1 modules include:

  • This module currently runs:
    • all year (September start) - Thursday morning

    The module covers basic mathematical techniques of differential and integral calculus and of linear algebra that will be of later use throughout Mathematics and related degree courses. The module builds on and extends concepts learned in A-Level Mathematics. The contents covered and the skills developed are fundamental to the development of mathematical competence. Calculus and linear algebra form an important foundation for further studies in Mathematics, Finance, Statistics and Engineering.

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  • This module currently runs:
    • all year (September start) - Monday afternoon

    This module develops the mathematical and statistical tools that are used in the mathematics of finance. It also introduces methods of analysing data using appropriate statistical software.
    This module introduces the basic terminologies used in finance and develops the mathematical techniques to solve problems in the area of finance. Descriptive statistics and statistical techniques that are useful to present, analyse and make inferences about data are also introduced. A selection of suitable software (e.g. Excel, R, SPSS) will enable students to analyse data in order to make informed decisions.

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  • This module currently runs:
    • all year (September start) - Monday morning

    This module introduces a range of numerical approximation methods for solving a variety of mathematical problems, including iterative methods for solving nonlinear equations and systems of linear equations. This module also introduces a mathematical programming package that is commonly used for solving a variety of problems. The application of these techniques, through the medium of mathematical problems enables the student to become proficient in the use of algebraic software which is used in most mathematical related jobs such as working in industry, financial markets and teaching.

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  • This module currently runs:
    • all year (September start) - Thursday afternoon

    This module develops the skills necessary to support academic study at degree level. It will also develop reflective learning and action planning via the Personal Development Planning (PDP) process. The first term topics will look into history of mathematics , development of modern number system and introduce idea of mathematical proofs. Different proof techniques will be covered using examples from Set Theory and Number Theory.
    The topics covered in the second term part of this module is to introduces the main ideas of graph theory and includes a variety of algorithms.

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Year 2 modules include:

  • This module currently runs:
    • all year (September start) - Thursday afternoon

    This module enables the student to further develop and apply numerical techniques to a range of problems including the solution of ordinary differential equations related to both physical and financial/economic models.

    This module enables the student to further develop and apply numerical techniques to a range of problems including the solution of ordinary differential equations related to both physical and financial/economic models.
    The aims are:
    To enable students to apply approximation techniques to problems of both theoretical and practical importance and understand the cause of and interpret the degree of error involved;

    To prepare students with the tools necessary for solving a range of problems in situations suitably described by ordinary differential equations and by difference equations;

    To understand modelling with linear and nonlinear dynamical systems and iterative methods of solution;

    To enable students to understand and manipulate coded programmes for software packages such as Maple for solving larger problems.

    To develop students’ knowledge, confidence and problem solving skills leading to further academic progression and future employability in this area.

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  • This module currently runs:
    • spring semester - Wednesday morning

    The module extends the students’ knowledge of the techniques of calculus and introduces the concept of differential equations.

    This module aims to give students a thorough understanding of the analytical techniques available to solve first and second order ordinary differential equations.

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  • This module currently runs:
    • all year (September start) - Friday morning

    The module extends the students’ knowledge of the techniques of calculus and introduces the concept of multivariable Calculus as well as calculus of vectors.

    This module introduces Vector-Valued Functions and extends ideas of calculus of one dimension to Vector-Valued Functions.

    Prior knowledge: MA4010 Calculus and Linear Algebra

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  • This module currently runs:
    • autumn semester - Wednesday morning

    This module introduces a selected range of Operational Research techniques that are commonly used for solving a variety of small to medium size problems, through the medium of spreadsheet and other suitable software. It also enables the student to investigate real-life problems of business and industrial problems of varied complexity.

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  • This module currently runs:
    • all year (September start) - Tuesday morning

    The module covers mathematical and statistical modelling techniques that are applied in making decisions in areas of finance. It also enables the student to investigate real-life statistical data.
    This module introduces important financial concepts and develops statistical modelling techniques. Statistical regression models are applied to financial data (e.g., credit scoring, default time analysis) and mathematical modelling of stock and option prices is investigated. A selection of suitable software (e.g. Excel, R, SPSS) will enable students to analyse data in order to make informed decisions. The students will develop skills in statistical and mathematical modelling of real data to aid future employability.

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Year 3 modules include:

  • This module currently runs:
    • autumn semester - Wednesday afternoon
    • spring semester - Wednesday afternoon

    This module serves as a core module for all maths students to do a one-semester project in the broader sense and as an alternative to the Faculty’s 30 credit Project module. The feature of the module is summarised as follows.
    1. Students will follow their own interest to pursue an individualised study independently under staff supervision.
    2. Students taking this module with the same supervisor may study the same subject but the assessments should be individualised.
    3. The allocation of supervisors to students should be done at the end of year two. Students can take this module in either autumn or spring period.
    The programme of study is very much individualised and there is a variety of format. The following are just two typical examples: (a) Pursue an investigative study on a particular topic, with an assessment of written report plus viva, and (b) A self-negotiated study in any subject area following a printed textbook or online material, assessed by a coursework consisting of a mixture of solutions to exercise questions, a written report, and a viva (oral presentation). In the later case, there must be an “investigative and independent factor” in the study. Any other innovative format is encouraged.

    The module aims to
    1. Provide students with an opportunity to pursue an academic area of interest independently, subject to the availability of an appropriate supervisor, where a taught module is not available.
    2. Develop students’ ability to search the internet and library for useful information.
    3. Enrich students’ experience of self-negotiated study.
    4. Improve students’ employability by enhancing their skills through report writing and reflection on independent learning.

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  • This module currently runs:
    • all year (September start) - Thursday afternoon

    The module introduces the students to financial forecasting using modern statistical modelling techniques. Its aim is to prepare the student for work in a quantitative commercial or scientific environment. Students will be developing problem solving skills. For each given problem, the process of dealing with it includes, searching for appropriate data sets, establishing the right statistical/financial techniques to use, fitting appropriate models, critically appraising the models using diagnostic model tools and finally interpreting the models and drawing conclusions.

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  • This module currently runs:
    • all year (September start) - Tuesday afternoon

    This module develops a rigorous approach to the whole process of solving problems arising from real life scenarios and the module consists of providing solutions to a number of such problems. For each given problem, the process of dealing with it includes an initial analysis, identification of the main factors involved, establishment of a differential or difference equation as a mathematical model of the problem, analytical and/or numerical analysis to solutions of the equation, making predictions and drawing conclusions to the model, and feedback to solving the problem.

    The module aims to
    1. Introduce the process of model building from a non-mathematical description of a physical or industrial process or in a business application.
    2. Introduce the idea of mathematical modelling as a means of solving real problems.
    3. Present powerful tools of differential/difference equations to analyse the models in order to make appropriate predictions.
    4. Develop the student's ability to work effectively in-groups.
    5. Improve the student's communication skills through report writing and presentation.
    Pre-requisite knowledge: MA5011 Further Calculus and MA5052 Differential Equations (studied or Co-requisite)

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  • This module currently runs:
    • spring semester - Wednesday afternoon
    • autumn semester - Wednesday afternoon

    The module enables students to undertake an appropriate short period of professional activity, related to their course at level 6, with a business or community organisation and to gain credit for their achievements. The activity can be a professional training, a volunteering activity, employment activity, an activity within the School of Computing and Digital Media Virtual Business Environment (VBE), placement or business start-up activity.
    For the purpose of this module – the VBE will be also be recognised as ‘the employer’.
    It is expected student should work for 150 hours which should be recorded clearly (in a learning log for instance) in the portfolio. The 150 hours can be completed in 25 working days in a FT mode, or spread over a semester in a PT mode.
    Students should register with the module leader to be briefed on the module, undergo induction and Work Based Learning planning and to have the Work Based Learning approved, before they take up the opportunity. It is essential that students are made aware that both the “Work Based Learning agreement” and relevant “health and safety checklist” where applicable need to be approved before starting the learning activity.

    The module aims to provide students with the opportunity to:
    • gain a useful experience of the working environment and the career opportunities available on graduation.
    • undertake a work-based project appropriate to their academic level.
    • enhance and extend their learning experience by applying and building on their academic skills and abilities by tackling real life problems in the workplace.
    • enhance professional and personal development.

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  • This module currently runs:
    • all year (September start) - Thursday morning

    This module extends students’ knowledge of linear algebra and calculus, providing greater depth and rigour for these essential topics.
    The aim of the first part of the module is to introduce students to the abstract algebraic structures of vector spaces, developing on the material on linear algebra learnt at level 4. This primary example of algebraic structures has applications across science and engineering, and also provides a firm foundation of necessary basic algebraic notions for the student to further their study mathematical study.
    The aim of the second part of the module is to develop a rigorous approach to the analysis of functions of a real and a complex variable. Further topics in complex integration are also covered and students are introduced to applications of these topics to improper integration of functions of a real variable.

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  • This module currently runs:
    • spring semester - Friday afternoon

    The module is an introduction to modern ideas in cryptography. It proves the background to the essential techniques and algorithms of cryptography in widespread use today, as well as the essentials of number theory underlying them.
    The module looks at symmetric ciphersystems and their use in classical cryptography as well as public key systems developed to support internet commerce and deliver data security for private individuals.

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  • This module currently runs:
    • autumn semester - Friday afternoon

    The module is an introduction to modern ideas in error correcting codes. It provides the background to the essential techniques and algorithms in widespread use today, as well as the essentials of number theory and finite field theory underlying them.
    Error correcting codes are an important part of the data communications theory and allow a message to be recovered even if errors have been introduced during transmission. The elegant mathematics of finite field theory is introduced to develop multiple error correcting codes with a wide range of communications applications.

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After the course

The skills you’ll gain by the time you graduate will allow you to work in roles such as financial analyst, financial officer or researcher. The wide range of transferable skills you’ll gain will also allow you to move into areas outside of finance such as management services, statistical work or teaching.

On completion of this degree you’ll also find opportunities for study at postgraduate level.

What is a degree with a foundation year?

This is a four-year degree course with a built-in foundation year (Year 0). It's the perfect route into university if you don't meet the necessary entry requirements for the standard undergraduate degree. You'll graduate with a full undergraduate degree with the same title and award as those who studied the three-year course.

Additional costs

Please note, in addition to the tuition fee there may be additional costs for things like equipment, materials, printing, textbooks, trips or professional body fees.

Additionally, there may be other activities that are not formally part of your course and not required to complete your course, but which you may find helpful (for example, optional field trips). The costs of these are additional to your tuition fee and the fees set out above and will be notified when the activity is being arranged.

Unistats - key information set

Unistats is the official site that allows you to search for and compare data and information on university and college courses from across the UK. The widget(s) below draw data from the corresponding course on the Unistats website. If a course is taught both full-time and part-time, one widget for each mode of study will be displayed here.

How to apply

Start your course in January

You don't have to wait until September to start this course at London Met – why not start in January?

If you're a UK or EU student, you can simply call our January hotline on or complete our fast-track online application form.

If you're an international student, you'll need to complete our standard online application using the "Apply direct" button.

If you're a UK/EU applicant applying for full-time study you must apply via UCAS unless otherwise specified.

UK/EU applicants for part-time study should apply direct to the University.

Non-EU applicants looking to study part-time should apply direct to the University. If you require a Tier 4 (General) student visa, please be aware that you will not be able to study as a part-time student at undergraduate level.

When to apply

The University and Colleges Admissions Service (UCAS) accepts applications for full-time courses starting in September from one year before the start of the course. Our UCAS institution code is L68.

If you will be applying direct to the University you are advised to apply as early as possible as we will only be able to consider your application if there are places available on the course.

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