(BSc) Bachelor of Science
Finance and Mathematics (Including Foundation Year)
University of Essex
University of Essex
Mathematics, Statistics and Operational Research
UK and EU applicants:
All applications for degree courses with a foundation year (Year Zero) will be considered individually, whether you
- think you might not have the grades to enter the first year of a degree course;
- have non-traditional qualifications or experience (e.g. you haven’t studied A-levels or a BTEC);
- are returning to university after some time away from education; or
- are looking for more support during the transition into university study.
Our standard offer is 72 UCAS tariff points from at least two full A-levels, or equivalent.
Examples of the above tariff may include:
- A-levels: DDD
- BTEC Level 3 Extended Diploma: MMP
- T-levels: Pass with E in core
For this course all applicants must also hold GCSE Maths and Science at grade C/4 or above (or equivalent). We may be able to consider a pass in Level 2 Functional Skills Maths where you cannot meet the requirements for Maths at GCSE level. However, you are advised to try to retake GCSE Mathematics if possible as this will better prepare you for university study and future employment.
If you are unsure whether you meet the entry criteria, please get in touch for advice.
Mature applicants and non-traditional academic backgrounds:
We welcome applications from mature students (over 21) and students with non-traditional academic backgrounds (might not have gone on from school to take level 3 qualifications). We will consider your educational and employment history, along with your personal statement and reference, to gain a rounded view of your suitability for the course.
You will still need to meet our GCSE requirements.
Essex Pathways Department is unable to accept applications from international students. Foundation pathways for international students are available at the University of Essex International College and are delivered and awarded by Kaplan, in partnership with the University of Essex. Successful completion will enable you to progress to the relevant degree course at the University of Essex.
IELTS (International English Language Testing System) code
English language requirements for applicants whose first language is not English: IELTS 5.5 overall. Specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.
Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications
If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.
If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.
Our Year 0 courses are only open to UK and EU applicants. If you’re an international student, but do not meet the English language or academic requirements for direct admission to your chosen degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College.
Rules of assessment
Rules of assessment are the rules, principles and frameworks which the University uses to calculate your course progression and final results.
Dr Yinghui Wei
Prof Stephen Langdon
Professor Brunel University London
Dr Murray Pollock
Director of Statistics / Senior Lecturer Newcastle University
External Examiners provide an independent overview of our courses, offering their expertise and help towards our continual improvement of course content, teaching, learning, and assessment.
External Examiners are normally academics from other higher education institutions, but may be from the industry, business or the profession as appropriate for the course.
They comment on how well courses align with national standards, and on how well the teaching, learning and assessment methods allow students to develop and demonstrate the relevant knowledge and skills needed to achieve their awards.
External Examiners who are responsible for awards are key members of Boards of Examiners. These boards make decisions about student progression within their course and about whether students can receive their final award.
To enable students to acquire a broad understanding of finance and mathematics.
To equip students with the knowledge and skills that are currently in demand in mathematically oriented employment in business, commerce, industry, government service, the field of education and in the wider economy, and in particular in financial markets or corporate careers that involve financial decision-making.
To provide students with an academic training in the principles of accounting and finance.
To foster in students an appreciation of the appropriate level of abstraction and simplification needed to explore a range of issues.
To develop in students the ability to construct logical arguments and to communicate arguments clearly in writing.
To provide students with a foundation for further study and research.
To produce graduates who are mathematically literate and capable of producing a logical argument.
To provide teaching which is informed and enhanced by the research activities of the staff.
To encourage in students the acquisition of autonomous study skills and the adoption of an investigative approach to tackle problems in finance and mathematics to ensure their continuing professional development.
To allow students to acquire critical, analytical and research skills, problem-solving skills, and transferable skills.
To provide students with a foundation for further studies in finance, mathematics and allied disciplines.
Learning outcomes and learning, teaching and assessment methods
On successful completion of the programme a graduate should demonstrate knowledge and skills as follows:
A: Knowledge and understanding
A1: Knowledge and understanding of the basic mathematical methods and techniques of linear mathematics, calculus and statistics that underpin the study of more advanced mathematical ideas.
A2: Knowledge and understanding of some of the ideas and methods used in the proof of results in mathematics and familiarity with some specific examples.
A3: Knowledge and understanding of computer programming and mathematical computer packages, and experience in their use.
A4: Knowledge and understanding of the use of mathematics for modelling in finance and other fields, and as an investigative tool for the solution of practical problems.
A5: Knowledge and understanding at an introductory level of the central areas of mathematics, statistics and other modelling processes, and of applications to finance and other disciplines.
A6: Knowledge and understanding gained through the study at an advanced level of one or more areas of finance and mathematics.
A7: Knowledge of the fundamental principles of accounting, finance, and economics.
A8: Understanding of particular areas of finance.
Lectures are the principal method of delivery for the concepts and principles involved in A1 - A8. Students are also directed to reading from textbooks, academic journal papers and material available on-line.
Understanding is reinforced by means of classes (A1 - A8), laboratories (A3 - A5) and essays and assignments (A1 - A8).
Lectures and classes in final year modules are particularly important to enable students to achieve A6.
Achievement of knowledge outcomes is assessed through unseen closed-book examinations (A1 - A8), and also, in some modules, through marked assignments and tests (A1-A8), term papers (A6 - A8).
Formative assessment in mathematics is provided by regular problem sheets.
B: Intellectual and cognitive skills
B1: Analyse a specified problem and choose the most suitable methods and tools for its solution.
B2: Assess the relative merits of a range of theories, techniques and tools needed for a problem's solution or to articulate arguments and policies.
B3: Synthesise and interpret information from a range of sources (lectures, classes, journals, books, etc.) developing a critical evaluation of the importance and relevance of the sources to an area of study.
B4: Construct reasoned, informed and concise descriptions and assessments of financial ideas.
The basis for intellectual skills is provided in lectures, and the skills are developed by means of recommended reading, guided and independent study, and assignments.
Outcome B1 is developed particularly in exercises designed for core economic theory, mathematics and quantitative methods classes.
Students' acquisition of intellectual and cognitive skills, B1 - B4, is enabled primarily through lectures and further sustained via classes.
Outcomes B2 - B4 are key elements in students' preparation for assignments.
Supervision and guidance for term paper study are especially important in providing opportunities for students to acquire B2 - B4.
Achievement of intellectual/cognitive skills is assessed through marked assignments (especially B1 and B3), tests (especially B1), term papers (especially B2 - B4), and unseen closed-book examinations (especially B1, B2 and B4).
C: Practical skills
C1: Use computational tools and packages.
C2: The ability to apply a rigorous, analytic, highly numerate approach to a problem.
C3: Identify, select and gather information, using the relevant sources.
C4: Organise ideas in a systematic way.
C5: Present financial ideas and arguments coherently in writing.
C6: Use and apply the terminology and concepts of finance.
The practical skills of mathematics are developed in exercise classes, laboratory classes, assignments and project work.
C1 is acquired through the learning of at least one programming language and the use of a number of computer packages, as a part of the teaching of modules for which they are relevant.
C2 is acquired and enhanced throughout the course.
C3 is developed via directed reading from textbooks and academic journal articles together with searches for online materials.
C4 is acquired during lectures and classes, and as a consequence of studying module materials.
C5 is articulated in the preparation of assignments and term papers.
C6 is developed in classes and is emphasised in the preparation of assignments and term papers.
Achievement of practical skills C1 - C6, is assessed directly through marked assignments, tests, term papers and unseen closed-book examinations.
D: Key skills
D1: Communicate effectively, both mathematical arguments and textual accounts of ideas, evidence and critical assessment in mathematics and finance.
D2: Use appropriate IT facilities as a tool in the analysis of mathematical problems.
D3: Use mathematical techniques correctly and apply them.
D4: Analyse complex problems and find effective solutions. Understanding of how financial reasoning is used to address problems.
D5: Capacity to organise and implement a plan of independent study.
Students are guided in lectures, classes and through individual advice from teachers in acquiring skills D1 - D5.
D1 is practised throughout the course in the writing of solutions to mathematical problems, both for assessment and as exercises.
D1 and D2 are developed in group and individual project work.
D2 is also developed through the use of computer packages.
Skills D3 and D4 are reinforced through the quantitative methods sequence of modules and the mathematics element in the programme, where they are developed in exercises and assignments throughout the course.
D5 is developed through homework assignments, and is enhanced as students reflect upon the knowledge they need.
Only minimal formally assessed requirements for the completion of the course are listed here. In reality, the overwhelming majority of finance and mathematics students acquire a much broader range of key skills, and at greater depth, in ways that are integrated seamlessly throughout their studies of the subject.
D1 and D4 are assessed through marked assignments, tests, term papers, projects and unseen closed-book examinations.
D2 is assessed primarily through coursework.
Assessment of the key skills D3 and D4 is intrinsic to subject based assessment.
D3 is assessed particularly through tests and unseen closed-book examinations.
D5 is assessed indirectly through students' capacity to construct submitted work and their study plans for unseen tests and examinations.
All Finance and Mathematics students are encouraged to participate in the University's programmes for key skills development.