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Analytical Finance

Education level CreditsFirst cycle 180 credits

Time3 years full time

Study locationVästerås

The Bachelor's Programme in Analytical Finance will prepare you for a career in the international world of finance. With an in-depth knowledge of mathematics, you will be able to conduct quantitative analyses of financial markets and manage financial portfolios for example. We will focus on your success and hone your knowledge to prepare you for a career in the financial sector.

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Pick semester

Credits

180 credits

Education level

First cycle

Study pace

full time

Study location

Västerås

Start

2024-09-02

Length

3 years

Teaching form

Normal teaching

Tutoring language

English

Application code

MDU-41890

Selection

Upper secondary (high school) grades, Swedish Scholastic Aptitude Test

Requirements

Basic eligibility and English 6, Mathematics 4 or Mathematics D

Open programme schedule (24/25)

View syllabus (RMV20)

Kandidatexamen

For students outside EU/EEAPer installment prior to each semester: 57500 SEKAnnual tuition fee: 115000 SEKTotal programme fee: 345000 SEK

Apply for autumn semester 2024, Västerås

Apply for the programme

The Programme

The programme's emphasis is on mathematics and applied mathematics, but you will also study economics and business administration to get a diversified education.

The combination of mathematical knowledge, financial know-how and calculation methods will provide you with great conditions for a successful career in the financial sector. You will not only solve financial problems but will also master advanced mathematical tools and work with modern financial software and the programming languages used in the industry.

Our teachers are not only experts in their fields, but they are also practitioners in the financial sector or prominent researchers at the University. This means that you will stay up to date with the forefront of financial research while you will build valuable networks within the industry at the same time.

You can choose to get a degree in one of two main fields of study: either Mathematics/Applied Mathematics with a specialisation in Financial Engineering or alternatively Economics. You will make this choice ahead of your third year of study. It's your future and you decide the path you wish to take.

Analytical Finance has an international orientation and is taught in English. This attracts both Swedish and international students, creating a dynamic and global learning environment. Here you will take the first step towards becoming a prominent expert in financial mathematics.

Employment and Future Prospects

There is a high demand for mathematicians with expertise in finance and economics. After graduating, you will be in demand for various exciting careers. For instance, you can work for leading players in the banking world, investment companies, or the insurance industry. Or you can work at a financial institution or public authority such as Finansinspektionen (FI) (the Swedish Financial Supervisory Authority).

Former students hold successful careers such as risk analysts, stock market analysts, investment data analysts, and portfolio managers. With a Bachelor in mathematics/applied mathematics degree, specialising in financial engineering, you can also join companies that work with information technology and other engineering areas.

After completing the programme, you can enhance your knowledge by studying our two-year Master's Programme in Financial Engineering or the Master's Programme in Engineering Mathematics, either here at MDU or at another global university. You will shape your future and we are here to help you take the next step towards a brilliant career.

Programme structure and content

If you study full-time, you study 30 higher education credits (hp) per semester. Courses can run at different paces and be of different lengths. As a program student, you have a guaranteed place for courses in your program and you study the courses in a specific order. Some courses within a program are mandatory and some are optional.

  • Mathematics/Applied Mathematics

    33.0%

  • Elective

    33.0%

  • Economics

    16.0%

  • Business Administration

    8.0%

  • Computer Science

    4.0%

  • English

    4.0%

    Courses within the programme

    Mathematics/Applied Mathematics:

    • Mathematics for Economics and Business, 7.5 credits
    • Vector Algebra, 7.5 credits
    • Single Variable Calculus, 7.5 credits
    • Introduction to Financial Mathematics*, 7.5 credits

    Business Administration:

    • Financial Accounting, 7.5 credits
    • Management Accounting, 7.5 credits

    Economics:

    • Basic Microeconomics, 7.5 credits
    • Applied Microeconomics, 7.5 credits

    * The course contributes to fulfill the degree requirements of at least 30 credits within the main field of study Mathematics/Applied Mathematics with Specialization in Financial Engineering for students who wish to apply for a Bachelor of Science in Mathematics/Applied Mathematics with Specialization in Financial Engineering.

    Mathematics/Applied Mathematics:

    • Calculus of Several Variables, 7.5 credits
    • Probability, 7.5 credits
    • Numerical Methods with MATLAB, 7.5 credits
    • Methods of Statistical Inference*, 7.5 credits

    Computer Science:

    • Programming, 7.5 credits

    English:

    • Academic English for Degree Projects, 7.5 credits

    Economics:

    • Macroeconomic Principles, 7.5 credits
    • International Trade Theory, 7.5 credits

    * The course contributes to fulfill the degree requirements of at least 30 credits within the main field of study Mathematics/Applied Mathematics with Specialization in Financial Engineering for students who wish to apply for a Bachelor of Science in Mathematics/Applied Mathematics with Specialization in Financial Engineering.

    Elective 60 credits:

    Alternative 1 - Mathematics/Applied Mathematics, specialization Financial Engineering

    • Mathematics/Applied Mathematics:
    • Introduction to Stochastic Processes*, 7.5 credits
    • Introduction to research areas in mathematics/applied mathematics, 7.5 credits
    • Operations Research*, 7.5 credits
    • Portfolio Theory I*, 7.5 credits
    • Simulation*, 7.5 credits
    • Degree Project in Mathematics*, 15 credits

    Alternative 2 - Economics

    Economics:

    • Macroeconomic Theory, 7.5 credits
    • Globalization and International Trade, 7.5 credits
    • Bachelor's Essay in Economics, 15 credits
    • Elective 7.5 credits within alternative 2:
    • Mathematics/Applied Mathematics:
    • Analytical Finance with MATLAB*, 7.5 credits
    • Applied Matrix Analysis, 7.5 credits

    Elective 7.5 credits within alternative 2:

    • Mathematics/Applied Mathematics:
    • Analytical Finance with MATLAB*, 7.5 credits
    • Applied Matrix Analysis, 7.5 credits

    Elective 30 credits within alternative 3:

    Economics:

    • Finance, 7.5 credits
    • Intermediate Microeconomics, 7.5 credits
    • Econometrics, 7.5 credits
    • Labour Economics, 7.5 credits

    Mathematics/Applied Mathematics:

    • Portfolio Theory I, 7.5 credits

    * The course contributes to fulfill the degree requirements of at least 30 credits within the main field of study Mathematics/Applied Mathematics with Specialization in Financial Engineering for students who wish to apply for a Bachelor of Science in Mathematics/Applied Mathematics with Specialization in Financial Engineering.

    Contact us

    Chat with us

    If you have any questions about the studies or the student life at MDU, don't hesitate to contact us! We will help you with your questions and give you the information you need.

    Chat with an MDU-ambassador
    Malin Lundin

    Can answer questions about prior knowledge, entry requirements and the application procedure.

    Phone number +4621107050 E-mail address malin.lundin@mdu.se
    Milica Rancic

    Can answer questions about the set-up and content of the programme.

    E-mail address milica.rancic@mdu.se