Students tackle issues facing financial industries


Students in the University’s Department of Mathematical Sciences have benefitted from an internship programme organised by the Department’s Institute for Financial and Actuarial Mathematics along with industry partners.

Undergraduate students from the Department worked together in small teams on real-world problems which affect the financial industry including fixing option prices, investing pension scheme funds and time series models.

The programme, which lasted six weeks, included guest speakers Andrew Smith, a partner at Deloitte UK and Calum Turvey, Professor of Dyson School of Applied Economics and Management at Cornell University in the USA. The teams were supervised by a member of academic staff and PhD students.

Practical solutions

Feedback from students on the programme was very positive and they particularly liked the way that they were able to apply their theoretical study to practical situations. They also enjoyed working and communicating as a team and presenting to an audience.

Dr Corina Constantinescu, Director of the Institute for Financial and Actuarial Mathematics who organised the programme, said: “This is the third year we have run this programme, and every year we are improving it. It is a really good way of putting academic study into practice an giving students some very valuable practical, industrial experience which increases their employability, while involving them in a concrete research project. ”

A similar programme is planned for the summer of 2016. Details will be posted on the following webpage later this year:

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