Mathematics of Finance (BSc.)

Programme Overview

Programme Objectives

Admission Requirements

In order to do the BSc. Mathematics of Finance Degree, candidates must satisfy the requirements for entrance to the Faculty of Science and Technology, they must:


  1. Satisfy the University requirements for Normal Matriculation.
  2. Have obtained passes at CSEC Secondary Education General Proficiency Level (or equivalent) in Mathematics and two subjects at CAPE (both comprising Units 1 & 2) or at GCE A-Level (or equivalent) one of which must be an approved science subject.


  1. Satisfy the University requirements for Lower Level Matriculation.
  2. Have obtained passes at CSEC Secondary Education General Proficiency Level with grades I, II, or since 1998 grade III (or equivalent) in Mathematics and two approved science subjects.

In addition to the Faculty requirements, candidates must have gained a grade I, II or III in CAPE Mathematics, Units 1 & 2.

Programme Structure

During the first year, students are introduced to Mathematics, Computer Science, Economics and Accounting. In the second year, the courses include Pure Mathematics, Financial Mathematics, Actuarial Mathematics and Financial Management. In the final year, students focus on models for financial economics, monetary and policy, the financial markets, regression analysis and time series models. The course requirements and structure are as follows:

LEVEL I: Thirty three (33) credits as follows:

   MATH1141 - Introduction to Liner Algebra & Analytic Geometry

   MATH1142 - Calculus I

   ECON1001 - Introduction to Microeconomics

   ACCT1005 - Introduction to Financial Accounting

   COMP1126 - Introduction to Computing I

   COMP1127 - Introduction to Computing II

   MATH1151 - Calculus II

   MATH1152 - Introduction to Formal Mathematics

   ECON1002 - Introduction to Macroeconomics

   ACCT1003 - Introduction to Cost & Management Accounting

   PH10B - Ethics and Applied Ethics


LEVEL II: Thirty (30) credits as follows:

   MATH2401 - Elements of Mathematical Analysis

   MATH2404 - Introduction to Probability Theory

   MATH2410 - A first course in Linear Algebra

   MATH2701 - Financial Mathematics I

   MATH2407 - Stochastic Modelling

   MATH2420 - Ordinary Differential Equations

   MATH2403 - Multivariate Calculus 

   MGMT2023  - Financial Management I

   MGMT2068 - Risk & Treasury Management

   STAT2001 - Inferential Statistics


LEVEL III: Twenty seven (27) credits  as follows:

   MATH3801 - Financial Mathematics II

   MATH3802 - Evaluation of Actuarial Models

   MATH3803 - Models for Financial Economics

   MATH3423 - Research Project

   MGMT3048 - Financial Management II

   STAT3001 - Regression Analysis

   STAT3002 - Time Series 

   ECON3005 - Monetary Theory & Policy

   ECON3072 - Financial Markets


Plus nine (9) credits from the following 3-credits Elective courses:

   MATH3414 - Selected Topics in Operations Research

   MATH3410 - Advanced Linear Algebra 

   MATH3421 - Partial Differential Equations

   MATH3424 - Numerical Methods

   COMP3161 - Database Management Systems

   ECON2002 - Intermediate Macroeconomics I

   ECON2003 - Intermediate Macroeconomics II


Plus nine (9) Foundation Courses credits

Careers after Graduation

Career paths for the degree in Mathematics of Finance includes:

Portolio Management
Financial Advisor
Security Analyst
Financial Analyst