The Mathematical Finance major is an interdisciplinary study of financial markets. Increasingly, firms of all types, and financial institutions in particular, rely on sophisticated mathematical models to understand financial markets, to evaluate financial instruments, and to measure and manage risk. To understand and utilize these models, students need specific capabilities that can be only gained from study in the fields of economics, finance, and mathematics. The major is specifically designed for students considering graduate studies and careers in Finance, Applied Financial Economics, Mathematical Finance, Applied Mathematics, or Actuarial Science.
1. Required Courses
| Course ID | Course Title |
|---|---|
| ACCT-1301 | Fundamentals of Financial Accounting |
| FNCE-3301 | Corporate Finance |
| ECON-1311 | Principles of Microeconomics |
| ECON-1312 | Principles of Macroeconomics |
| ECON-3325 | Intermediate Microeconomics |
| ECON-4367 | Advanced Microeconomic Theory |
| ECON-4370 | Econometrics |
| MATH-1311 | Calculus I |
| MATH-1312 | Calculus II |
| MATH-2308 or MATH-3319 or MATH-3323 | Mathematics for Data Science or Applied Linear Algebra or Linear Algebra |
| MATH-2321 | Calculus III |
| MATH-1320 or BAT-2301 | Statistical Methods or Statistics for Business and Economics* |
| MATH-3370 | Financial Mathematics |
| * MATH-3334 | Probability - may be substituted for MATH-1320/BAT-2301. That substitution is essential for those seeking a career in actuarial science. |
2. Three Additional Elective Courses from the following:
| Course ID | Course Title |
|---|---|
| FNCE-3351/ECON-3356 | Financial Institutions and Markets |
| FNCE-3352 | Investments I |
| FNCE-3353 | Investments II |
| FNCE-3363 | Student Managed Fund I |
| FNCE-3361/ ECON-3361 | International Finance |
| FNCE-3362 | Equity Valuation |
| FNCE-4362 | Derivatives |
3. Completion of all other required elements of the Pathways curriculum and at least 120 credit hours.
How to apply
For full admission into the major, students must have credit for Calculus II (MATH-1312), Financial Accounting (ACCT-1301) and Principles of Macroeconomics (ECON-1312) with a grade of at least a C in each. Students who have not yet completed those three classes may still declare the major but are "provisionally accepted."
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Julio Roberto Hasfura-Buenaga, Ph.D. (Program Director)
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