International Foundation Year in Mathematics and Statistics Leading to Bachelor of Science (Honours) in Financial Mathematics

Lancaster University

UK,England

 0 Shortlist

48 Months

Duration

CAD 17,250/year

Tuition Fee

CAD 0 FREE

Application Fee

Apply Date

UK, England

Type: University

Location Type: Rural

Founded: 1964

Total Students: 13,304 +

Int. Students: 3,124 +

Campus Detail

Main Campus Address

Bailrigg, Lancaster LA1 4YW, United Kingdom

International Foundation Year in Mathematics and Statistics Leading to Bachelor of Science (Honours) in Financial Mathematics

Program Overview

An International Foundation Year at our International Study Centre prepares you for your degree at Lancaster University. You will focus on English language, university-level study skills, and academic modules that relate to your degree subject.

Supporting your progression to the University
At the International Study Centre, we take every measure to ensure you are supported in your academic journey. Our programmes allow for increased time spent learning, researching and developing your skills. By studying with us, you will benefit from:

  • Formal assessments at the end of each term.
  • An improved English language module, Academic English Skills, providing greater opportunity for informal assessments and feedback.
  • Combining and reducing the number of module assessments allowing more time to prepare.
  • A personal tutorial system with a focus on your academic progress at key points of the academic year, creating action plans based on your performance and progession options.

Mathematics and Statistics
The International Foundation Year in Mathematics and Statistics leads to a choice of bachelors and master degrees in the Department of Mathematics and Statistics. To prepare for your degree, you will study core English language modules and subject modules for Mathematics and Statistics. Degree options include Accounting, Finance and Computer Science.

You will study Pure Mathematics, Applied Mathematics, and Statistics. Areas of study include number theory and graph theory (Pure Mathematics); vectors and variable acceleration (Applied Mathematics); and correlation and hypothesis testing (Statistics).

Financial Mathematics
Financial mathematicians are interested in making good decisions in the face of uncertainty. Through our rigorous programme, you will develop the skills and knowledge to become a major decision maker and influencer in your chosen career.

Financial maths is about learning to interpret and manipulate data to draw valuable conclusions and make predictions. This is particularly important in business and finance, but the skills gained from this programme are widely applicable and highly sought after. Over the three years, you will be able to draw on expertise from three specialist departments: Mathematics and Statistics; Accounting and Finance; and Economics.

During your first year, you will build on your previous knowledge and understanding of mathematical methods and concepts. Modules cover a wide range of topics from calculus, probability and statistics to logic, proofs and theorems. As well as developing your technical knowledge and mathematical skills, you will also enhance your data analysis, problem-solving and quantitative reasoning skills. During this year, you will also receive an introduction to accounting and finance, which will provide you with a comprehensive understanding of the concepts and techniques of the discipline, including financial accounting, managerial finance, and financial statement analysis.

In the second year, you will further develop your knowledge in analysis, probability and statistics. During this year, you will also begin to explore advanced finance and will benefit from modules in economics at managerial level. These will provide you with insight into micro and macroeconomics, and their related issues. You will develop real-world knowledge and experience by applying your analytical skills, interpreting events and evaluating policies. This will be instrumental in developing a career related to banking, finance, international payments and exchange rates, and monetary policy.

During your third year, you will delve deeper into the theory of probability and will explore the concept of statistical inference. Alongside this, you will gain valuable industry and employability skills through a dedicated careers-focused module. This final year will also be highly customisable, allowing you to select from a range of modules to suit your own interests and career aspirations.

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