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

MQF Level

Duration and Credits

4 Years

240 ECTS

Mode of Study

Full-time

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.

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

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.).

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.

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

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

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

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.

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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

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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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.

The University of Malta has student accommodation on campus called Campus Hub. Campus Hub is just a 2-minute walk from the main campus. For more information, visit the accommodation website.

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


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)
CIS1226	Python Programming	2 ECTS

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
ECN2230	Macroeconomics for Finance	4 ECTS	(NC)


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)

BKF3021	Fixed Income Analysis	4 ECTS	(NC)
BKF3031	International Finance	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	(NC)


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, Computing Science, Biology, Chemistry, 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


Semester 1

Compulsory Units (All students must register for this/these unit/s)

SOR1250***	Official Statistics and Demography	4 ECTS

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


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 is for students taking Mathematics or Banking and Finance as the other area.
*** SOR1250 is for students taking Mathematics 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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