A joint degree from Mathematics and Statistics, GN13
LSE says the degree is taught jointly by the departments of Mathematics and Statistics and explores pricing, derivatives, hedging, optimisation, risk management and investment decisions.
Undergraduate · LSE Financial Mathematics and Statistics
LSE Financial Mathematics and Statistics: the mathematics behind finance
LSE's BSc Financial Mathematics and Statistics is taught jointly by the Departments of Mathematics and Statistics and prepares students for quantitative work in finance, from pricing and derivatives to risk management. It asks for A*AA with an A* in Mathematics, expects Further Mathematics where the school offers it, and encourages but does not require the TMUA. It is a mathematics degree with a finance application rather than a finance degree with some mathematics, so the real question is the strength and breadth of your mathematical preparation.
Official information · last verified for 2027 entry
What LSE asks for in Financial Mathematics and Statistics
Taken from LSE's BSc Financial Mathematics and Statistics programme page and read on 31 October 2026. For a normal 2028-entry application, made in 2027, every requirement below is last verified for the previous cycle and may change; LSE's 2028-entry requirements and dates are awaiting publication.
A*AA with A* in Mathematics, or 39 IB points
The A-level requirement is A*AA with an A* in Mathematics; the contextual offer is A*AB with an A* in Mathematics. The IB requirement is 39 points overall including 766 at higher level with 7 in Mathematics: analysis and approaches.
Further Mathematics is expected
Where your school or college offers AS- or A-level Further Mathematics, LSE expects you to take it and achieve an A. An A* in Further Mathematics with an A in Mathematics is an acceptable alternative to an A* in Mathematics.
The TMUA is encouraged, not mandatory
LSE encourages applicants to take the TMUA. It is not mandatory, but a good performance may make an application more competitive.
Competitions and independent thinking count
LSE looks for an interest in mathematics, statistics and finance and for involvement in activities such as maths competitions or Olympiads.
Official sources
Read on 31 October 2026 on LSE's BSc Financial Mathematics and Statistics programme page, which describes 2027 entry. LSE's TMUA guidance, the general entry requirements and English-language pages, the fees pages, the contextual-offer details and the 2028-entry values were not read and are not stated.
The programme
Proof and analysis, statistics and finance, taught across two departments
In the first year students take foundation courses in Microeconomics I and Macroeconomics I, Mathematical Methods, Elementary Statistical Theory, Mathematical Proof and Analysis, and Abstract Mathematics and Algorithms, plus LSE100. The second year has eight compulsory courses, including Principles of Finance I and II, further mathematical methods in calculus and linear algebra, Probability and Distribution Theory and Statistical Inference. LSE says students explore financial risk management, financing and investment decisions, and graduates progress to careers in finance, accounting and other areas where quantitative analysis and data handling are critical.
Which LSE degree?
Financial Mathematics and Statistics or a neighbouring degree?
Avandy has guides to LSE Actuarial Science, Finance and Mathematics and Economics. Compare their rules by course.
Choose Financial Mathematics and Statistics if
you want proof-based mathematics and statistics with a finance application, and you are ready for a degree taught by two quantitative departments.
Choose Mathematics and Economics if
economics is the application you want. Avandy's guide records the same A*AA with an A* in Mathematics and IB 39.
Choose Finance or Actuarial Science if
the professional route to finance or the actuarial profession is the aim. Avandy has separate guides to both.
Entry rules
A* in Mathematics, Further Mathematics and an optional TMUA
The A-level standard is A*AA with an A* in Mathematics, or an A* in Further Mathematics and an A in Mathematics. LSE expects AS- or A-level Further Mathematics with an A where the school offers it, and will consider Mathematics, Further Mathematics and one other subject. The IB standard is 39 points overall including 766 at higher level with 7 in Mathematics: analysis and approaches. The TMUA is encouraged and not mandatory. LSE's page shows 634 applications, an intake of 45 and a 14:1 ratio for 2025; these are historical figures, not a requirement or a prediction.
A decision framework
Three questions before you commit
This is Avandy's own framework, not LSE's.
Is proof-based mathematics what you want?
The first year includes Mathematical Proof and Analysis and Abstract Mathematics and Algorithms.
Will you take Further Mathematics?
LSE expects it where offered. If your school does not offer it, ask your teacher to say so in the reference.
Should you sit the TMUA?
It is optional, but LSE says a good performance may make an application more competitive.
Planning for 2028 entry
Planning for 2028 entry: what carries over and what is awaiting publication
Applying for 2028 entry means applying in 2027, under rules LSE has not yet published for that cycle. Each item below carries one of two labels. Last verified for 2027 entry means LSE published it for the previous cycle and it may change. Awaiting publication for 2028 entry means LSE has not yet published it.
Grades, the Further Mathematics expectation and the optional TMUA: last verified for 2027 entry
These are the best guide to what to prepare. LSE has not confirmed them for 2028 entry.
TMUA dates, the UCAS deadline and LSE's 2028-entry requirements: awaiting publication
Check LSE's programme page for the 2028-entry values when they appear.
What to do now
Secure Mathematics and Further Mathematics at A*, consider the TMUA and read about the first-year proof courses.
Support
Independent support with course choice and preparation
Avandy provides independent academic and admissions support. It is not affiliated with the London School of Economics and Political Science or any of its colleges or departments. Preparation sits within the Avandy Trinity Advisory Model: a Strategic Admissions Consultant, a PhD-level Academic Mentor and a Subject-specific Tutor, working to the actual requirements of each course. Support here means course-fit advice, mathematics mentoring and TMUA preparation; Avandy gives no scores or probabilities and does not supply test questions. No outcome is promised.
Questions
Questions applicants ask
What are the LSE Financial Mathematics and Statistics entry requirements?
A*AA at A level with an A* in Mathematics, or 39 IB points including 766 at higher level with 7 in Mathematics: analysis and approaches. This is LSE's wording for 2027 entry.
Do I need Further Mathematics?
LSE expects AS- or A-level Further Mathematics with an A where your school offers it, and treats an A* in Further Mathematics with an A in Mathematics as an acceptable alternative.
Is the TMUA required?
No. LSE encourages it, and says a good performance may make an application more competitive.
How is it different from Mathematics and Economics?
Financial Mathematics and Statistics is taught by Mathematics and Statistics with a finance application; Mathematics and Economics applies mathematics to economics. The headline entry grades are the same.
Is it a finance degree?
It is a mathematics and statistics degree with a finance application, according to LSE's description.
Are these the rules for 2028 entry?
No. They are LSE's wording for the 2027 application cycle. Check the programme page again when LSE publishes its 2028-entry requirements.
Students and families
Talk to us about LSE Financial Mathematics and Statistics
Tell us about the student's curriculum, their Mathematics and Further Mathematics, their TMUA preparation and their interest in finance, the universities on the list, and the intended year of entry. A senior adviser will review the academic profile before recommending how to prepare.