Mathematical Finance Programme

Bachelor of Science (Honours) in Mathematical Finance

Introduction

The importance of the financial sector as a share of national economies has been increasing worldwide. In line with this trend, the complexity and variety of financial markets and products have been rapidly growing. The financial sector has become more skill-intensive than the rest of the economy. Employability in the modern financial industry requires technical skills to analyse financial data and build mathematical models.

Graduates of the programme will have necessary knowledge and transferable skills that are required by any financial sector and other sectors who involve quantitative analysis and data-handling.

The first year of the programme focus on building students’ knowledge of fundamental mathematical and economic tools. Examples include mathematics for economists, statistics and principles of economics. The latter years of the programme take these skills to an advanced level and introduces specialised finance and data analysis modules. In addition to theoretical background, students will have an opportunity to develop practical skills, including use of software such as Microsoft Excel, EViews and MATLAB.

Upon successful completion of this programme, graduates are able to:

  • Use the knowledge acquired in their profession at various management levels or specialised areas.
  • Explain the knowledge and skills gained in mathematics and finance using information technology effectively.
  • Apply the acquired knowledge and skills in mathematics and finance to promote economic growth.
  • Communicate effectively the applications of mathematics and finance to uplift the society’s knowledge level.
  • Make use of mathematical methods in finance for decision making with strong ethical standards.
  • Employ the mathematical tools and apply the finance theory to understand and analyse contemporary issues.
  • Plan efficiently to implement projects on time and within budgets.

Course Offered

Bachelor of Science (Hons) in Mathematical Finance

Programme length: 3 years

Programme Aims

The aims of the programme are to:

  • To lay a strong foundation on the fundamental concepts of finance, mathematical modelling and data analysis.
  • To provide a thorough knowledge in the current areas of applied mathematics and finance for responding positively to the future changes in technology.
  • To impart analytical and computational skills through several kinds of learning environments for developing self-thinking and analysing capabilities.
  • To create awareness on the expected ethical standards and social responsibility for developing the personal qualities that are essential in the global arena

Careers and Further Studies

The graduates will be qualified to start careers as financial analysts, research associates, quantitative traders, actuaries etc. Further, the graduates will possess a competitive set of skill for jobs in other sectors where quantitative analysis and data-handling are vital.

Minimum Entry Requirements

Applicants for admission to first degree programmes must satisfy the following minimum entry requirements:

  • At least a Credit Six in the Malay language at GCE Ordinary Level (applicable only for Bruneians applying for a Government Scholarship).
  • At least a Credit Six in Mathematics at GCE Ordinary Level or its equivalent.
  • At least a Credit Six in English Language at GCE Ordinary Level or an IELTS score of 6.0 or TOEFL minimum overall score 550 or its equivalent.

Programme Entry Requirements

The minimum admission requirements for this programme are:

  • A minimum of 180 ‘A’ Level points for 3 ‘A’ level passes in subjects include Mathematics and two relevant subject (normally include Further Mathematics, Economics, Accounting, Business, Computer Science, Physics, Chemistry, Thinking Skills, Sociology, Information Technology)

    OR

  • A minimum of 160 ‘A’ Level points for 2 ‘A’ level passes in subjects include Mathematics and one relevant subject (normally include Further Mathematics, Economics, Accounting, Business, Computer Science, Physics, Chemistry, Thinking Skills, Sociology, Information Technology)

    OR

  • An International Baccalaureate Diploma score of 24 points from relevant subjects at standard level including Mathematics and one relevant subject (normally includes Economics, Business and Management, Computer Science, Physics and Chemistry)

    OR

  • A relevant Diploma at BDQF Level 5 or its equivalent with minimum CGPA of 1.6 out of 3, and Merit grade or higher in at least 60% of modules including Mathematics.

    OR

  • Relevant work experience and/or qualifications deemed to be equivalent to one of the above to be decided on a case by case basis by the school.

Programme Specification

  • Effective Communication
  • Melayu Islam Beraja
  • Introduction to Mathematics for Economics
  • Introductory Statistics
  • Principles of Economics
  • Principles of Mathematical Economics
  • Linear Algebra
  • Principles of Accounting
  • Principles of Management
  • Computational Mathematics I
  • Principles of Econometrics
  • Differential Equations
  • Quantitative Foundations of Finance
  • Computational Mathematics II
  • Applied Econometrics
  • Asset Pricing
  • Financial Reporting
  • Research Methodology
  • Financial Econometrics
  • Corporate Reporting
  • Entrepreneurship
  • 6 Month Work Placement with Assigned Final Year Project

Accreditation

The programme will consider the accreditation process after the first batch of students has graduated. The suggested accrediting organisations are: Institute of Mathematics and its Applications (UK); International Association for Quantitative Finance (US); PRMIA Risk Accreditation Program (US).