Bachelor of Science (Honours) in Banking and Finance and Statistics and Operations Research

Bachelor of Science (Honours) in Banking and Finance and Statistics and Operations Research

Course Title

Bachelor of Science (Honours) in Banking and Finance and Statistics and Operations Research

MQF Level

6

Duration and Credits

4 Years

240 ECTS

Mode of Study

Full-time

Information for International applicants

Refer to the list of country-specific qualifications

Banking & Finance

An Advanced Level pass at Grade C or better in Pure Mathematics.


Statistics and Operations Research

Either

A pass at Advanced Level at Grade C or better in Pure Mathematics

or

A pass at Advanced Level at Grade C or better in Computing or Information Technology together with a pass at Advanced Level at Grade D or better in Pure Mathematics.


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Applications for our February and October intakes have been officially open since the third week in November. You can submit your application online. The deadlines for submission of applications vary according to the intake and courses. We encourage all international applicants to submit their applications as soon as possible. This is especially important if you require a visa to travel and eventually stay in Malta.

You can compare your national qualifications to the local requirements by visiting our qualifications comparability webpage. Access more information about our admission process and English language requirements.

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Our dedicated team at the student recruitment office is here to support you every step of the way. From the moment you start your application to the moment when you receive your decision letter, we're here to assist you. If you have any questions or need further information, don't hesitate to reach out to us. You can contact us at info@um.edu.mt, and our team will be more than happy to help.

After you receive an offer from us, our International Office will assist you with visas, accommodation and other related issues.

Banking & Finance

Banking and Finance will equip you with the skills and knowledge needed to incline your analytical and statistical/mathematical mind orientation for the work-place. The course will provide you with the professional teaching of concepts related to both fields.


Statistics and Operations Research

The four-year programme of studies for Statistics and Operations Research as part of the B.Sc. (Hons) degree has been designed for you to embark on a four-year plan which will help you to learn a number of topics considered to be fundamental in the academic disciplines of Statistics and Operations Research, and to follow fruitfully a set of accompanying study units which are oriented towards specialized areas.


Banking & Finance

The Course shall consist of two parts, namely, Part One comprising the first three years and Part Two comprising the fourth year.

  1. Part One shall consist of study-units to which 180 credits are assigned and indicated in the programme of study and divided as follows:

    2. First Year: in addition to the compulsory and elective study-units outlined in the programme of studies of the chosen areas (not less than 26 credits in each of the two areas), students are required to register for optional study-units to bring their total for the year to 60 credits,

    Second Year: 30 credits in each of the two areas of study,

    Third Year: 30 credits in each of the two areas of study.

    At the end of Part One, students who obtain 180 credits as specified in paragraph (1) but who either opt not to proceed with the Course leading to the Honours Degree, or having proceeded, do not successfully complete the Course, shall be eligible for the award of the degree of Bachelor of Science (B.Sc.).

  2. Part Two shall consist of study-units to which 60 credits are assigned divided as follows:
    1. 40 credits in one area of study, of which 18 credits are assigned to a dissertation, and
    2. 20 credits in the other area of study,

provided that in the case of Mathematics, the dissertation may be substituted by one or more additional taught study-units.


Statistics and Operations Research

The Course shall consist of two parts, namely, Part One comprising the first three years and Part Two comprising the fourth year.

  1. Part One shall consist of study-units to which 180 credits are assigned and indicated in the programme of study and divided as follows:

    2. First Year: in addition to the compulsory and elective study-units outlined in the programme of studies of the chosen areas (not less than 26 credits in each of the two areas), students are required to register for optional study-units to bring their total for the year to 60 credits,

    Second Year: 30 credits in each of the two areas of study,

    Third Year: 30 credits in each of the two areas of study.

    At the end of Part One, students who obtain 180 credits as specified in paragraph (1) but who either opt not to proceed with the Course leading to the Honours Degree, or having proceeded, do not successfully complete the Course, shall be eligible for the award of the degree of Bachelor of Science (B.Sc.).

  2. Part Two shall consist of study-units to which 60 credits are assigned divided as follows:
    1. 40 credits in one area of study, of which 18 credits are assigned to a dissertation, and
    2. 20 credits in the other area of study,

provided that in the case of Mathematics, the dissertation may be substituted by one or more additional taught study-units.


Communication and Academic Skills Programme

The communication and academic skills programme complements students’ main course of study. It introduces them to writing and presenting as situated within academic contexts sensitive to specific disciplines and develops their competences for future careers.

Banking & Finance

 
Semester 1
 
Compulsory Units (All students must register for this/these unit/s)
 
BKF2011 Banking 1 4 ECTS   (NC)  
EMA1310 Foundations and Applications of Economics 4 ECTS   (NC)  
EMA1314 Financial Accounting and Control 1 4 ECTS    
 
Compulsory Units for students taking Mathematics or Physics and Banking and Finance only
 
CIS1044 SQL for Statisticians 2 ECTS    
ISR1001 Economics of Risk Management 4 ECTS   (NC)  
 
Compulsory Units for students taking Statistics and Operations Research and Banking and Finance only
 
MAT1091 Mathematical Methods 4 ECTS   (NC)  

 
 
Semester 2
 
Compulsory Units (All students must register for this/these unit/s)
 
ACC1731 Financial Accounting and Control 2 4 ECTS    
BKF2071 Principles of Finance 4 ECTS   (NC)  
ECN1201 Economics of Development and Small Island States 4 ECTS   (NC)  
 
Compulsory Units for students taking Statistics and Operations Research and Banking and Finance only
 
MAT1116* Introduction to Vector Spaces 2 ECTS    

* Students must check the pre-requisite requirements.  

 
Semester 1
 
Compulsory Units (All students must register for this/these unit/s)
 
BKF2041 Financial Services Law 4 ECTS   (NC)  
BKF2320 Accounting for Bankers 1 2 ECTS    
ECN2230 Macroeconomics for Finance 4 ECTS   (NC)  
 
Compulsory Units for students taking Mathematics or Physics and Banking and Finance only
 
INS3018 Investments and Derivative Markets 4 ECTS    
 
Compulsory Units for students taking Statistics and Operations Research and Banking and Finance only
 
MAT2112 Linear Algebra 1 4 ECTS    

 
 
Semester 2
 
Compulsory Units (All students must register for this/these unit/s)
 
BKF2050 Foundations of Risk Management 4 ECTS   (NC)  
BKF3111 Practical Issues in Banking 4 ECTS   (NC)  
BKF3151 Securities Markets and Trading 4 ECTS   (NC)  
 
Compulsory Units (All students must register for this/these unit/s)
 
BKF3310 Thomson Reuters - Applied Analytics 4 ECTS    

 

 
Semester 1
 
Compulsory Units (All students must register for this/these unit/s)
 
BFI3344 Investment Banking 4 ECTS   (NC)  
BKF2091 Money and Banking 4 ECTS   (NC)  
BKF3041 International Banking 1 4 ECTS   (NC)  
BKF3050 Equity Markets 4 ECTS   (NC)  

 
 
Semester 2
 
Compulsory Units (All students must register for this/these unit/s)
 
BFI3309 Mathematical Finance, Financial Engineering, Derivatives and Risk Measurement 4 ECTS   (NC)  
BKF3021 Fixed Income Analysis 4 ECTS   (NC)  
BKF3093 Governance and Regulations 2 ECTS    
 
Compulsory Units for students taking Mathematics or Physics and Banking and Finance only
 
BKF3308 Islamic Finance 4 ECTS   (NC)  
 
Compulsory Units for students taking Statistics and Operations Research and Banking and Finance only
 
BFI3346 Financial Mathematical Models 4 ECTS   (NC)  

 

For students opting to do the dissertation in Banking and Finance

If students opt to do the dissertation in Banking and Finance, they are required to register for 20 ECTS credits in compulsory study-units and 20 ECTS credits assigned to the dissertation to a total of 40 ECTS credits.

For students opting to do the dissertation in the other area

If students opt NOT to do the dissertation in Banking and Finance, they are required to register for a total of 20 ECTS credits in compulsory study-units.
 
Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)
 
Compulsory Units (All students must register for this/these unit/s)
 
BFI3301 Dissertation 20 ECTS    

 
 
Semester 1
 
Compulsory Units (All students must register for this/these unit/s)
 
BFI3345 Fund Administration 4 ECTS   (NC)  
BKF3061 Finance of International Trade 4 ECTS   (NC)  
BKF3341 Prevention of Money Laundering and Counter Terrorism Financing 4 ECTS   (NC)  

 
 
Semester 2
 
Compulsory Units (All students must register for this/these unit/s)
 
BKF3320 Econometrics for Banking and Finance 4 ECTS   (NC)  
BKF3330 Blockchain and Cryptocurrencies 4 ECTS   (NC)  

 

Statistics and Operations Research

In addition to the compulsory study-units, students who have Mathematics as their other area of study are required to choose study-units to the value of 10 ECTS credits from the elective study-units on offer during the year.

In addition to the compulsory study-units, students who have Computing Science, Biology, Chemistry, Geosciences, or Physics as their other area of study are required to choose study-units to the value of 2 ECTS credits from the elective study-units on offer during the year.

No elective study-units in the Statistics and Operations Research area are to be taken by students choosing Banking and Finance as their other area of study.
 
Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)
 
Compulsory Units (All students must register for this/these unit/s)
 
MAT1212* Introductory Analysis 6 ECTS    
SOR1110 Probability 4 ECTS   (NC)  
SOR1222 Statistical Computing 8 ECTS   (NC)  
SOR1310 Optimization 4 ECTS   (NC)  
SOR1320 Linear Programming 4 ECTS   (NC)  
SOR1450** Principles of Financial Mathematics and Life Policies 4 ECTS    
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
SOR1450*** Principles of Financial Mathematics and Life Policies 4 ECTS    

 
 
Semester 1
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
CIS1044 SQL for Statisticians 2 ECTS    
ELP1062 English Proficiency 2 ECTS    
SOR1250 Official Statistics and Demography 4 ECTS    

 
 
Semester 2
 
Compulsory Units (All students must register for this/these unit/s)
 
MAT1116**** Introduction to Vector Spaces 2 ECTS    

 
* MAT1212 is for students not taking Mathematics as the other area.
** SOR1450 as a compulsory study-unit is for students taking Banking and Finance as another area.
*** SOR1450 as an elective study-unit cannot be taken by students taking Banking and Finance as the other area.
**** MAT1116 is for students not taking Mathematics or Banking and Finance as the other area.

 
Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)
 
Compulsory Units (All students must register for this/these unit/s)
 
SOR2120 Convergence and Limits in Probability 4 ECTS   (NC)  
SOR2211 Families of Random Variables and Random Vectors 6 ECTS   (NC)  
SOR2221 Statistical Inference 1 6 ECTS   (NC)  
SOR2230 Time Series 1 4 ECTS    
SOR2250 Sampling 1 4 ECTS    
SOR2330 Nonlinear Programming 4 ECTS   (NC)  

 
 
Semester 1
 
Compulsory Units (All students must register for this/these unit/s)
 
SOR2110 History and Philosophy of Probability and Statistics 2 ECTS    

 

In addition to the compulsory study-units, students are required to choose study-units to the value of 4 ECTS credits from the elective study-units on offer during the year.
 
Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)
 
Compulsory Units (All students must register for this/these unit/s)
 
SOR3110 Stochastic Processes 1 5 ECTS   (NC)  
SOR3210 Multivariate Analysis 1 5 ECTS   (NC)  
SOR3221 Regression Models 4 ECTS   (NC)  
SOR3243 Bayesian Statistics 4 ECTS    
SOR3350 Combinatorial Optimization 4 ECTS    
SOR3500 Computational Methods in Statistics and Operations Research 4 ECTS    
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
SOR3411 Risk Modelling in Insurance and Finance 4 ECTS    
SOR3430 The Mathematics of Financial Markets: Discrete Models 4 ECTS    

 
 
Semester 1
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
CIS1044 SQL for Statisticians 2 ECTS    
SOR3242 Robust Statistics 2 ECTS    
SOR3250* Design of Experiments 2 ECTS    

* Study-unit SOR3250 cannot be taken by Biology and Statistics and Operations Research students.
 

If Statistics and Operations Research is chosen as the main area of study:
Students are required to register for 22 ECTS credits from the list of Electives and 18 ECTS credits assigned to a project study-unit to a total of 40 ECTS credits.

If Statistics and Operations Research is chosen as the other area of study:
Students are required to register for 20 ECTS credits from the list of Electives.
 
Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)
 
Compulsory Unit

Either
 
SOR3101 Project in Statistics and Operations Research: Probability 18 ECTS   (NC)  
 
Or
 
SOR3201 Project in Statistics and Operations Research: Statistics 18 ECTS   (NC)  
 
Or
 
SOR3301 Project in Statistics and Operations Research: Operations Research 18 ECTS   (NC)  
 
Or
 
SOR3401 Project in Statistics and Operations Research: Financial and Actuarial Mathematics 18 ECTS   (NC)  
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
SOR3121 Stochastic Processes 2 6 ECTS    
SOR3211 Generalized Linear Models 4 ECTS    
SOR3222 Nonlinear and Nonparametric Regression Analysis 4 ECTS    
SOR3231 Time Series 2 4 ECTS    
SOR3311 Stochastic Programming 6 ECTS    
SOR3351 Dynamic Programming and Optimal Control 4 ECTS    
SOR3411 Risk Modelling in Insurance and Finance 4 ECTS    
SOR3430 The Mathematics of Financial Markets: Discrete Models 4 ECTS    

 
 
Semester 1
 
Elective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints)
 
SOR3241 Survival Analysis 4 ECTS    
SOR3242 Robust Statistics 2 ECTS    
SOR3250* Design of Experiments 2 ECTS    

* Study-unit SOR3250 cannot be taken by students taking Biology and Statistics and Operations Research.
 

This programme of study is governed by the General Regulations for University Undergraduate Awards, 2019 and by the Bye-Laws for the award of the Bachelor of Science and the Bachelor of Science (Honours) under the auspices of the Faculty of Science.

Banking & Finance

At the end of the course, you will be able to:

Banking and Finance

  • Demonstrate your broad and intricate knowledge of the theoretical and professional disciplines related to both areas.
  • Work in collaboration with others for better and more effective solutions.
  • Integrate your skills and conceptual knowledge in the Financial Services Industry.

    Mathematics

  • Understand and employ the basic rules of logic, including the role of axioms or assumptions.
  • Appreciate the role of mathematical proof in formal deductive reasoning and exercise it effectively in solving problems.
  • Distinguish a coherent argument from a fallacious one, both in mathematical reasoning and in everyday life.

    • Statistics and Operations Research

    At the end of the course you will be able to:

    • deal competently with the notions of uncertainty and randomness in a logically valid and mathematically sophisticated way
    • know which branch of relevant theory should help in understanding practical problems involving probabilistic, statistical and operations research contexts
    • be confident in the use of software commonly used in the numerical solution to problems in the relevant areas.

    Non EU Applicants:

    Fee per academic year: Eur 10,800

    You are viewing the fees for non EU nationals. Switch to EU nationals if you are a national of any country from within the EU/EEA.

    Banking & Finance

    As a Banking and Finance graduate, you may pursue a career as an Insurance Sales Agent, financial analyst, bank teller, commercial banker, investment banker, financial planner, insurance agent, public accounting, Hedge Fund manager, Real Estate Agent, Chief financial officer and as a venture capitalist. If you would like to pursue an academic career or further your studies, you may enrol in a postgraduate course offered by the University of Malta.


    Statistics and Operations Research

    Career opportunities in this area have so far included:

    • National Statistics Office
    • Other government departments and authorities (e.g. NAO, MFSA, Central Bank, MFSS, Communications Authority)
    • Finance (e.g. banks, insurance, investment)
    • Manufacturing companies
    • Airline industry
    • Communications industry
    • Lottery and Betting companies
    • Education

    The course also gives access to further postgraduate studies and research positions, both at the University of Malta and overseas, and a number of our former students have pursued Masters, Doctorate and Post-doctorate positions, both locally and abroad. The course has also served as a good background for other specialized courses required by specific areas in the job market.


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