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Mathematical Economics and Statistics

Entry requirements


A level

A,A,A

Required subjects and grades: A level Mathematics at grade A. General Studies not accepted.

Accepted in place of A levels with the following grade equivalencies: D2 = A*; D3 = A; M2 = B. Combinations of A levels and Principle subjects are accepted. NB required subjects must be offered (see A level Section)

International Baccalaureate Diploma Programme

32

6,6,6 at Higher Level with a minimum of 32 points overall.

BTEC Extended Diploma - Only the following subjects can be considered: Business, Information Technology (Note that the above are not suitable for LG13 unless offering Maths at A Level. Not suitable for language options unless also offering a modern language in an appropriate subject and at appropriate level). BTEC Diploma - Only the following subjects can be considered (in combination with 1 A Level): Business, Information Technology. BTEC Subsidiary Diploma - Only the following subjects can be considered (in combination with 2 A Levels): Business, Information Technology.

Accepted in place of a non-required A level with the equivalent grade.

UCAS Tariff

144

We've calculated how many Ucas points you'll need for this course.

About this course


Course option

3years

Full-time | 2024

Subjects

Statistics

Economics

By tightly integrating the study of economics and statistics, our BSc Mathematical Economics and Statistics programme meets the increasing demand from industry, the professions and public bodies for informed and talented graduates who can apply skill and imagination to real world problems.

**Responsible for your learning**
Economics is important, it means passing on our state-of-the-art knowledge to the next generation as part of our responsibility to the profession and to you. Our responsibility is to help teach you to communicate what you have learnt and how it can be applied - to prospective employers, to your parents, to all the people who benefit from the making of informed decisions.

As a graduate you will emerge with an excellent, professional training in economics allied with advanced technical and quantitative skills that you can readily apply to a host of social science concepts and problems. This programme emphasises developments in modern economic and social theory and takes account of the growth of mathematical and statistical tools in the analysis of economic and social problems.

**Your programme of study**
An important feature of this programme is the rigorous grounding in mathematics and statistics in your first year, along with a good foundation in economics. There are also modules in study skills to equip you for university-level work, and practical information technology courses to enable you to use our excellent computer-based facilities.

You build on your first year with compulsory modules in Economics and Quantitative Methods. You are also introduced to econometrics – applying statistics to test and evaluate economic theories and policies. You pursue your own developing tastes and preferences by choosing an optional module from a list that includes Economic Development and Environmental Economics.

You can apply for a placement year during your second year and undertake a year-long placement during your third year. If you successfully secure a placement you will be moved on to the four-year BSc Mathematical Economics and Statistics with Placement Year degree.

In your third year you take a core course in advanced econometrics along with specialised areas of applied economics. Most of this third year, however, is taken up with optional modules, in which you can branch out into a totally new area of study or develop your second-year options in greater depth. In this year you also write an extended essay resulting from individual research.

As well as learning the detail of your subject, you will develop the all-round skills needed for a modern working world - critical thinking, problem solving, communication, and creativity. For many students this is a big transition but you can be reassured that right across campus support and help is available if you need it. University is a time for self-discovery and adventure - shape your own experience and discover who you are.

Birmingham Business School continues to climb the rankings for its Economics courses and is currently ranked 16th in the Complete University Guide (2024)

Modules

Please see the course page on our website for a full list and detailed description of modules on offer: https://www.birmingham.ac.uk/undergraduate/courses/econ/maths-econ-stats-bsc.aspx.

Tuition fees

Select where you currently live to see what you'll pay:

Channel Islands
£9,250
per year
England
£9,250
per year
Northern Ireland
£9,250
per year
Republic of Ireland
£9,250
per year
Scotland
£9,250
per year
Wales
£9,250
per year

The Uni


Course location:

University of Birmingham

Department:

Birmingham Business School

Read full university profile

What students say


We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.

80%
Economics

How do students rate their degree experience?

The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.

Statistics

Sorry, no information to show

This is usually because there were too few respondents in the data we receive to be able to provide results about the subject at this university.


Who studies this subject and how do they get on?

88%
UK students
12%
International students
61%
Male students
39%
Female students
74%
2:1 or above
8%
First year drop out rate

Most popular A-Levels studied (and grade achieved)

A*
A
A

Economics

Teaching and learning

72%
Staff make the subject interesting
88%
Staff are good at explaining things
80%
Ideas and concepts are explored in-depth
72%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

85%
Library resources
88%
IT resources
90%
Course specific equipment and facilities
78%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

Who studies this subject and how do they get on?

64%
UK students
36%
International students
61%
Male students
39%
Female students
84%
2:1 or above
7%
First year drop out rate

Most popular A-Levels studied (and grade achieved)

A
A
B

After graduation


The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.

Statistics

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£24,000
med
Average annual salary
94%
med
Employed or in further education

Top job areas of graduates

32%
Business, finance and related associate professionals
18%
Business, research and administrative professionals
11%
Information technology and telecommunications professionals

The business and research sectors worry that the UK hasn't got enough people with good statistics skills, and as stats are at the heart of so much of the economy, and we only have a few hundred graduates a year in the discipline, this type of degree can be very useful and versatile. The finance industry is very popular with this group, and they're far more likely to be working in London than most other graduates. And who can blame them — statistics graduates starting work in London were earning an average of nearly £29k just six months after leaving university. There is also demand from the Scottish finance sector in Edinburgh and Glasgow - particularly in banking and insurance. But a good statistician can find work almost anywhere that data can be analysed - which, in an online world, is almost anywhere - and many industries struggle to find enough statisticians to fulfil demand, so stay flexible and you can find a variety of options.

Economics

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£26,000
med
Average annual salary
79%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

30%
Business, research and administrative professionals
29%
Business, finance and related associate professionals
13%
Sales, marketing and related associate professionals

This is a degree in demand, as business increasingly needs workers who can examine and explain complex data. And yet the number of economics graduates fell by nearly 10% last year, which means demand is even greater. As so many economic grads go into banking and finance, it's not surprising that over half of all 2015's economics graduates who did go into work were working in London. And don't think it's just the finance industry that's interested in these graduates - there's a significant number who enter the IT industry to work with data as analysts and consultants. It's quite common for economics graduates to go into jobs such as accountancy and management consultancy which may require you to take more training and gain professional qualifications - so don’t assume you won’t have to take any more exams once you leave uni. And the incentive to take them, of course, is better pay, which will be on top of an already healthy average starting salary of over £30,000 for graduates working in the capital.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

Statistics

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£23k

£23k

£31k

£31k

£40k

£40k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

Economics

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£27k

£27k

£35k

£35k

£46k

£46k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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Course location and department:

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Teaching Excellence Framework (TEF):

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This information comes from the National Student Survey, an annual student survey of final-year students. You can use this to see how satisfied students studying this subject area at this university, are (not the individual course).

This is the percentage of final-year students at this university who were "definitely" or "mostly" satisfied with their course. We've analysed this figure against other universities so you can see whether this is high, medium or low.

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This information is from the Higher Education Statistics Agency (HESA), for undergraduate students only.

You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.

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Post-six month graduation stats:

This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.

It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.

Have a question about this info? Learn more here

Graduate field commentary:

The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show

Have a question about this info? Learn more here

The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.

While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?

Have a question about this info? Learn more here