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Study information

Mathematics with Accounting and a Year in Industry (2024)

1. Programme Title:

Mathematics with Accounting and a Year in Industry

NQF Level:


2. Description of the Programme (as in the Business Approval Form)

Mathematics plays an important role in many aspects of modern life, providing the techniques and language to handle problems from a wide variety of disciplines. It has always been essential for engineering and the physical sciences and is becoming increasingly important in the life sciences and social sciences. Yet mathematics is not only studied because of its applications; it has a fascination and beauty of its own, characterised by precision and logical rigour. Mathematics forms a rewarding, challenging and varied subject of study at university, and works particularly well in combination with other subjects to produce highly employable graduates. The 4-year MSci Mathematics with Accounting degree enables you to combine all the benefits of a mathematical education with an additional specialism in a business-related discipline, and to take your study of both subjects to a deeper level than in a 3-year BSc degree. Graduates from this programme are well-placed to pursue a career in a wide range of industries and businesses.The with a Year in Industry 5-year variant provides a year of extensive practical work experience in a scientific, business or industrial setting, contributing to the development of mathematics/computing skills and employability.

3. Educational Aims of the Programme

The programme is intended to:

a) provide a high quality general mathematical education comprising a balanced core of key knowledge together with the opportunity to study a range of selected topics in more depth, some at advanced level;

b) develop the analytical and mathematical modelling abilities of students so that they can identify and apply appropriate mathematical techniques and methods to solve problems in a range of application areas, especially in areas related to accounting;

c) develop in students appropriate subject-specific, core academic and personal and key skills in order to prepare them for a wide range of employment opportunities, especially in areas related to accounting;

d) generate in students an enthusiasm for the subject of mathematics and for the subsidiary subject studied in their programme and involve them in a demanding, interesting and intellectually stimulating multi-faceted learning experience reinforced by appropriate academic and pastoral tutorial support;

e) provide students with advanced knowledge and understanding in an area related to accounting;

f) enable students to appreciate some of the key contexts of accounting;

g) enable students to assimilate current technical language to describe practices of accounting and enable students to apply these in complex situations from given data generated for that purpose.

h) provide a structured opportunity for students to develop a relationship with a graduate employer, through a year-long placement.

4. Programme Structure

Your Mathematics with Accounting programme is a 5 year programme of study at National Qualification Framework (NQF) level (7) (as confirmed against the FHEQ). This programme is divided into 5 ‘Stages’. Each Stage is normally equivalent to an academic year.  The programme is also divided into units of study called ‘modules’ which are assigned a number of ‘credits’. The credit rating of a module is proportional to the total workload, with 1 credit being nominally equivalent to 10 hours of work.

If you do not pass the level 3 MTH3100 Industrial Placement module or are not able to secure a placement you will be required to transfer to the 4-year MSci Mathematics with Accounting programme.

Interim Awards

If you do not complete the programme you may be able to exit with a lower qualification. If you have achieved 120 credits, you may be awarded a Certificate of Higher Education in Mathematics with Accounting and if you achieve 240 credits, where at least 90 credits are at level 2 or above, you may be awarded a Diploma of Higher Education in Mathematics with Accounting.

5. Programme Modules

The following tables describe the programme and constituent modules. Constituent modules may be updated, deleted or replaced as a consequence of the annual programme review of this programme. Details of the modules currently offered may be obtained from the College web site

You may take Option Modules as long as any necessary prerequisites have been satisfied, where the timetable allows and if you have not already taken the module in question or an equivalent module. Descriptions of the individual modules are given in full on the College web site


Stage 1

Code Title Credits Compulsory NonCondonable
MTH1001Mathematical Structures30YesYes
MTH1002Mathematical Methods30YesYes
MTH1004Probability, Statistics and Data30YesNo
BEA1008Introduction to Financial Accounting15YesYes
BEA1009Introduction to Management Accounting15YesYes
MTH1100Employability and Preparation for Placement or Internship0YesNo

Students are required to engage fully with the module MTH1100 by attending CareerZone workshops during the year, and working through online ELE resources such as quizzes, meeting all the requirements as described in the MTH1100 module descriptor, with a deadline of the end of August. Engagement with the module will be assessed through an interview with the module leader of MTH3100 Industrial Placement module, towards the end of stage 1 (term 2 or 3) of the degree programme, and checking completion of ELE-based quizzes and similar, in advance of the September (ref/def) Assessment, Progression and Award Committee meeting. If engagement is poor or incomplete, as determined at that meeting, a student will be required to transfer to the corresponding 4-year MSci Mathematics with Accounting programme.

Stage 2

Code Title Credits Compulsory NonCondonable
Other modules:
MTH2003Differential Equations15YesYes
MTH2100Employability and Career Resources0YesNo
BEA2019Financial Accounting A15YesYes
BEA2020Financial Accounting B15YesYes
BEA2017Intermediate Management Accounting15YesYes
Select between 45 and 60 credits:
MTH2004Vector Calculus and Applications15NoNo
MTH2006Statistical Modelling and Inference30NoNo
MTH2008Real Analysis15NoNo
MTH2009Complex Analysis15NoNo
MTH2010Groups, Rings and Fields15NoNo
MTH2011Linear Algebra15NoNo
You may select up to 15 credits:
XXXXXXFree Choice15NoNo

The Free Choice (Electives) can include modules from any College in the University subject to approval, pre-requisites, timetabling and availability.

MTH2003 is prerequisite for MTH2004. MTH2008 is prerequisite for MTH2009.

Standard progression to Stage 3 of the MSci: Candidates will have passed all 120 credits of Stage 2 modules each with an overall mark of 40% or higher, and will normally have gained a stage average of 55% or higher. Students who do not reach the threshold may progress to stage 3 of the equivalent BSc programme.

Year in Industry

Code Title Credits Compulsory NonCondonable
MTH3100Industrial Placement120YesYes

Students who fail to pass MTH3100 or who fail to secure a placement or complete the paperwork within the prescribed deadlines will be required to transfer to the 4-year MSci Mathematics with Accounting degree.

Stage 4

Code Title Credits Compulsory NonCondonable
BEA3017Advanced Management Accounting15YesYes
BEA3020Advanced Financial Reporting15YesYes
MTHM036Research in Mathematical Sciences15YesNo
Select between 45 and 75 credits:
MTH3001Theory of Weather and Climate15NoNo
MTH3004Number Theory15NoNo
MTH3006Mathematical Biology and Ecology15NoNo
MTH3007Fluid Dynamics15NoNo
MTH3008Partial Differential Equations15NoNo
MTH3011Nonlinear Systems and Control15NoNo
MTH3013Applied Differential Geometry15NoNo
MTH3019Mathematics: History and Culture15NoNo
MTH3022Graphs, Networks and Algorithms15NoNo
MTH3024Stochastic Processes15NoNo
MTH3028Statistical Inference: Theory and Practice15NoNo
MTH3030Mathematics of Climate Change15NoNo
MTH3038Galois Theory15NoNo
MTH3039Computational Nonlinear Dynamics15NoNo
MTH3040Topology and Metric Spaces15NoNo
MTH3041Bayesian statistics, Philosophy and Practice15NoNo
MTH3044Bayesian Data Modelling15NoNo
MTH3045Statistical Computing15NoNo
MTH3050Functional Analysis15NoNo
You may select up to 30 credits:
XXXXXXXFree choice - up to 30 credits30NoNo
NSC3009Aerosols, Clouds and Climate15NoNo

Students are not normally allowed to take EMP3001 Commercial and Industrial Experience.

The free choice (Elective) can include modules at levels 2 or 3 from any College in the University subject to approval, pre-requisities, timetabling and availability.

Not all optional modules listed will be available each year; options are offered at the discretion of the College.

Stage 5

Code Title Credits Compulsory NonCondonable
MTHM003Analysis and Computation for Finance15YesNo
MTHM006Mathematical Theory of Option Pricing 15YesNo
MTHM032Mathematics, Business and Finance Project30YesNo
Select between 15 and 45 credits:
BEAM024Advanced Financial Accounting15NoNo
BEAM025Advanced Management Accounting15NoNo
BEAM035Derivatives Pricing15NoNo
BEEM113Advanced Econometrics15NoNo
BEEM102Quantitative Research Techniques 115NoNo
BE*M***Business School M-level Module 15NoNo
Select between 15 and 45 credits:
MTHM001Functional Analysis15NoNo
MTHM004Fractal Geometry15NoNo
MTHM009Advanced Topics in Mathematical & Computational Biology15NoNo
MTHM010Representation Theory of Finite Groups15NoNo
MTHM017Advanced Topics in Statistics15NoNo
MTHM018Dynamical Systems and Chaos15NoNo
MTHM019Fluid Dynamics of Atmospheres and Oceans15NoNo
MTHM022Dynamics and Evolution of Biological Systems15NoNo
MTHM023Modelling the Weather and Climate15NoNo
MTHM024Mathematical Analysis of Biological Systems 15NoNo
MTHM028Algebraic Number Theory15NoNo
MTHM029Algebraic Curves15NoNo
MTHM030Waves, Instabilities and Turbulence15NoNo
MTHM031Magnetic Fields and Fluid Flows15NoNo
MTHM033Statistical Modelling in Space and Time15NoNo
MTHM041Analytic Number Theory15NoNo
MTHM045Space Weather and Plasmas15NoNo
MTHM048Ergodic Theory15NoNo
MTHM052Mid-Latitude Weather Systems15NoNo
MTHM062Data-driven Analysis and Modelling of Dynamical Systems15NoNo
MTHM063Uncertainty Quantification15NoNo
NSCM005Mathematical Modelling in Biology and Medicine15NoNo
You may select up to 30 credits, of which no more than 15 credits can be at level 3:
***M***Free choice of level-M modules30NoNo
***3***Free choice of level-3 module15NoNo

Not all optional modules listed will be available each year; options are offered at the discretion of the College.

6. Programme Outcomes Linked to Teaching, Learning & Assessment Methods

On successfully completing the programme you will be able to: Intended Learning Outcomes (ILOs) will be accommodated & facilitated by the following learning & teaching and evidenced by the following assessment methods:

A Specialised Subject Skills & Knowledge

1) use the terminology and conventions used in mathematics;
2) use a range of fundamental concepts and techniques from calculus, vectors, analysis, algebra and probability;
3) use key techniques in accounting;
4) demonstrate skills in a selection of more specialist optional topics from various branches of mathematics;
5) use techniques from more advanced areas of mathematics and apply them to accounting;
6) use modern technology in mathematics, including a variety of computational packages;
7) apply advanced topics in mathematics to areas of accounting in substantial project work;
8) use advanced ideas in accounting including relevant technical language, current practices and contexts of operation;

9) apply ideas from mathematics/computing in a scientific, business or industrial setting.

Learning & Teaching Activities

Knowledge in (1-4) is primarily provided through formal lectures supported by regular problem sheets providing formative technical exercises for students to tackle on their own. At Stages 1 and 2 lectures are reinforced by regular tutorial groups in which assistance with, and feedback on, problem sheets is given. At later stages in the programme students work on set problems by themselves and seek help when required using the office hours of staff. Applications of mathematics in accounting (3) are introduced in various Stage 1 and 2 modules and more advanced applications are introduced in options at Stages 4 and 5. Modules at Stage 4 encompass a range of special topics in mathematics (4). In depth knowledge of selected topics (5) and their relevance to applications in accounting are provided in Stage 5 options and the compulsory project. Knowledge in (6) is provided through computer practical classes at Stage 1 and is reinforced in some other module in Stage 1 and at later stages. Knowledge in (7) and (8) is acquired in the project at the final stage. For (9) a year-long placement is undertaken by the student and assessed as a component of the degree programme, via the module MTH3100 Industrial Placement .

Assessment Methods

Most knowledge is tested through unseen formal examinations. Assessment of some optional modules involves essays, project reports, oral presentation or computer practicals. The compulsory project is assessed through a written report, a poster/web page and an associated viva. The year-long placement is assessed via reports, a journal, a poster, and an employer's report.

B Academic Discipline Core Skills & Knowledge

1) explain their reasoning systematically and logically;
2) construct mathematical proofs;
3) formulate, analyse and solve problems;
4) organise tasks into a structured form;
5) integrate theory and applications;
6) transfer appropriate knowledge and methods from one topic within the subject to another;
7) apply a range of mathematical ideas to unfamiliar problems and demonstrate good selection of choice in solution strategy;
8) demonstrate a capacity for critical evaluation of arguments and evidence;
9) present mathematical material clearly, logically and accurately, both in writing and orally;
10) plan, execute and report on a substantial project and defend the results;

11) demonstrate the ability to apply mathematical/computational skills in a scentific, business or industrial evironment.

Learning & Teaching Activities

All these skills are an essential part of the understanding of mathematics, are embedded throughout core elements of the
programme and are intrinsic to good performance in the programme. They are developed through formal lectures, tutorials, coursework, computer practical’s, use of IT and private study. Skills (1-6) are assessed in a variety of tests, continuous assessment, formal exams and project work. Skills (7-9) in particular are reinforced in optional modules involving directed reading, reports or seminars at Stages 4 or 5. The final Stage project develops skills (4), (5) and (7-10). Skill (11) is gained through a year-long placement.

Assessment Methods

All these skills are tested indirectly in various core elements of the programme, with (5-9) contributing particularly to the more successful work. They are all assessed in part through written coursework and in part by unseen formal examinations. Skills (7-9) are directly assessed in some optional modules via oral presentation, essays or reports. Skills (4), (5) and (7-10) are assessed in the final Stage project, the associated poster/web page and viva. Skill (11) is assessed via reports, a journal, a poster, and an employer's report, as part of the module covering the year in industry, namely MTH3100 Industrial Placement.

C Personal / Transferable / Employment Skills & Knowledge

1) use a range of IT software including standard and mathematical word-processing applications and computational packages;
2) communicate ideas effectively and clearly, both to mathematicians and scientists, by appropriate means including oral
3) manage time effectively;
4) search and retrieve information from a variety of sources including libraries, databases and the web;
5) work in teams, both with mathematicians and with students from accounting;
6) demonstrate independent learning ability required for continuing professional development;
7) plan their career and personal development;

8) have experienced working as a professional in a scientific, business or industrial environment.

Learning & Teaching Activities

Skill (1) is developed from Stage 1 through use through use of the mathematical computing packages in core Stage 1 modules. Skills (1-2) are developed in various other core components of the programme e.g. oral presentations in Stage 1 tutorials, and the requirement for submission of word-processed coursework in some assignments in certain modules at Stages 1 and 2. Skill (3) is intrinsic to successful completion of the programme. Skills (4) and (5) are developed in one of the core modules at Stage 1 and in some optional Stage 4 and 5 modules involving project or group work. Skills in (5) are further developed through the business/finance theme. Skills (2), (4) and (6) are integral to the compulsory advanced project at Stage 5. Skill (7) is reinforced through annual self-appraisals with personal tutors. Skill (8) is gained through the year-long industrial placement.

Assessment Methods

Skills (1-3) are indirectly assessed as part of coursework in core modules and effective use of skills (1-4) will generally enhance performance throughout the programme. Skills (1-5) are more directly assessed in one of the core modules at Stage 1 and at Stages 4 and 5 in some optional modules via group exercises, essays, project reports preparation of posters/web pages or oral presentations. Skills (2), (3), (4) and in particular (6) are assessed in the final year project report and associated viva. Skill (8) is assessed through a specific module entitled MTH3100 Industrial Placement, involving report writing and input from the employer.

7. Programme Regulations


The programme consists of 600 credits with 120 credits taken at each stage. Normally not more than 75 credits would be allowed in any one term. In total, participants normally take no more than 150 credits at level 4, and must take at least 210 credits at level 6 or higher of which at least 120 must be at level 7.

The pass mark for award of credit in an individual module is 40% for modules taken at NQF Levels 4, 5 and 6 and 50% for modules taken at Level 7.


You can progress to the next stage (or in the final year, to proceed to the award of an honours degree) once at least 90 credits have been passed in a stage, and provided that an average of at least 40% has been achieved over the 120 credits of assessment for that stage.

Support for you to find a placement for the year in industry is given through the module MTH1100 Employability and Preparation for Placement or Internship in year 1. Your engagement with the module will be assessed at the September (ref/def) Assessment, Progression and Award Committee at the end of year 1. Students who show insufficient or incomplete engagement will be required to transfer to the corresponding 4-year MSci Mathematics with Accounting degree.

A student who is registered for the 4-year MSci Mathematics with Accounting programme will be allowed to transfer to the 5-year MSci Mathematics with Accounting and a Year in Industry programme provided they have secured a placement approved by the College and all the necessary paperwork has been completed within the required deadlines.

If you do not pass the MTH3100 Industrial Placement module at stage 3 or are not able to secure a placement (including completing all paperwork by the prescribed deadlines) you will be required to transfer to the 4-year MSci Mathematics with Accounting programme.

Condonement is the process that allows you to be awarded credit (and so progress to the next stage or, in the final stage, receive an award), despite failing to achieve a pass mark at a first attempt. You are not entitled to reassessment in condoned credit.

Up to 30 credits of failure can be condoned in a stage on the following conditions:

You must have registered for and participated in modules amounting to at least 120 credits in the stage.

You must pass the modules marked with a 'Yes' in the 'non-condonable' column in the tables above.

In stages 1-4 you must achieve an average mark of at least 40% across the full 120 credits of assessment, including any failed and condoned modules. In the final stage you must achieve an average mark of at least 50% across the full 120 credits of assessment, including any failed and condoned modules.

Assessment and Awards

If you have achieved 120 credits, you may be awarded a Certificate of Higher Education in Mathematics with Accounting. If you achieve 240 credits, where at least 90 credits are at NQF Level 5 or above, you may be awarded a Diploma of Higher Education in Mathematics with Accounting. If you achieve 300 credits, where at least 60 credits are at NQF level 6 or above, you may be awarded a Bachelor of Science (Ordinary). If you achieve 360 credits, where at least 90 credits are at NQF Level 6 or above, you may be awarded a Bachelor of Science with Honours.

Assessment at stage one does not contribute to the summative classification of the award. The award will normally be based on the degree mark formed from the credit-weighted average marks for stages 2, 3, 4 and 5 combined in the ratio 2:1:4:6 respectively.


Full details of assessment regulations for UG programmes can be found in the Teaching Quality Assurance Manual (TQA) on the University of Exeter website.  Generic marking criteria are also published here.

Please see the Teaching and Quality Assurance Manual for further guidance.

8. College Support for Students and Students' Learning

In accordance with University policy a system of personal tutors is in place for all students on this programme.  A University-wide statement on such provision is included in the University's TQA Manual.  As a student enrolled on this programme you will receive the personal and academic support of the Programme Coordinator and will have regular scheduled meetings with your Personal Tutor; you may request additional meetings as and when required. The role of personal tutors is to provide you with advice and support for the duration of the programme and extends to providing you with details of how to obtain support and guidance on personal difficulties such as accommodation, financial difficulties and sickness. You can also make an appointment to see individual teaching staff.

Information Technology (IT) Services provide a wide range of services throughout the Exeter campuses including open access computer rooms, some of which are available 24 hours, 7 days a week.  Help may be obtained through the Helpdesk, and most study bedrooms in halls and flats are linked to the University's campus network.

Additionally, the College has its own dedicated IT support staff, helpdesk and computer facilities which are linked to the wider network, but which also provide access to some specialised software packages.  Email is an important channel of communication between staff and students in the College and an extensive range of web-based information (see ) is maintained for the use of students, including a comprehensive and annually revised student handbook.

The Harrison Learning Resource Centre is generally open during building open hours. The Centre is available for quiet study, with four separate rooms that can be booked for meetings and group work. Amongst its facilities, the Learning Resource Centre has a number of desks, four meeting rooms with large LCD screens, and free use of a photocopier. Also available are core set texts from your module reading lists, and undergraduate and MSc projects from the past two years.

Online Module study resources provide materials for modules that you are registered for, in addition to some useful subject and IT resources. Generic study support resources, library and research skills, past exam papers, and the 'Academic Honesty and Plagiarism' module are also available through the student portal (

Student/Staff Liaison Committee enables students & staff to jointly participate in the management and review of the teaching and learning provision.

Support for students to find a placement for the year in industry is given through the module MTH1100 Employability and Preparation for Placement or Internship in year 1.

It is the student’s responsibility to secure an industrial placement for Stage 3 of the programme and to meet the deadlines for the submission of paperwork relating to this. The College will be responsible for ensuring that the placement is appropriate, and maintaining regular contact with the student over the duration of the placement.

10. Admission Criteria

All applications are considered individually on merit. The University is committed to an equal opportunities policy with respect to gender, age, race, sexual orientation and/or disability when dealing with applications. It is also committed to widening access to higher education to students from a diverse range of backgrounds and experience.

Candidates must satisfy the general admissions requirements of the University of Exeter.

Applicants are normally invited to attend Post Offer Open Days, which provide the opportunity to talk with and question members of the academic staff.

Candidates must satisfy the entrance requirements for this programme. These are published in full in the University of Exeter Undergraduate Prospectus (see In addition to candidates offering GCE AS and A2, those offering International Baccalaureate and appropriate VCE A-levels will also be considered, as well as mature candidates with evidence of appropriate alternative qualifications. Direct entry to Stage 2 of the programmes will also be considered for candidates who have successfully completed study equivalent to the core material in the first stage of the programmes.

11. Regulation of Assessment and Academic Standards

Each academic programme in the University is subject to an agreed College assessment and marking strategy, underpinned by institution-wide assessment procedures.

The security of assessment and academic standards is further supported through the appointment of External Examiners for each programme. External Examiners have access to draft papers, course work and examination scripts. They are required to attend the Board of Examiners and to provide an annual report. Annual External Examiner reports are monitored at both College and University level. Their responsibilities are described in the University's code of practice.  See the University's TQA Manual for details.


12. Indicators of Quality and Standards

Certain programmes are subject to accreditation and/ or review by professional and statutory regulatory bodies (PSRBs).


14 Awarding Institution University of Exeter
15 Lead College / Teaching Institution College of Engineering, Mathematics and Physical Sciences
16 Partner College / Institution School of Business
17 Programme accredited/validated by
18 Final Award(s) MSci (Hons)
19 UCAS Code (UG programmes) G2N1
20 NQF Level of Final Awards(s): 7
21 Credit (CATS and ECTS) 600 credits (300 ECTS)
22 QAA Subject Benchmarking Group (UG and PGT programmes) Mathematics, Statistics and Operational Research; Accounting; Economics; General Business and Management.
23 Origin Date February 27th 2024 Last Date of Revision: March 21st 2024