Financial Mathematics

The unifying premise for Financial Mathematics is more than just a collection of techniques applied to a common problem area. Rather, it quantifies and enables much of the modern interplay in global markets among companies, investors, and financial agents; constrained or constructed by the actions of central banks, regulators and governments.

Global financial agents, which include broker-dealers on Wall Street, in London, Hong Kong and elsewhere, create and package (or repackage) capital products and services into the instruments that are so vital to the course of world-wide capital allocation, investment, and risk transfer. None of this could occur today without the sophisticated approaches enabled by financial mathematics which have evolved over the past 25 years.

Courses:

• Risk Measurement/Management in Financial Markets

• Quantitative Portfolio Theory & Performance Analysis

• Financial Engineering and Structured Products

• Readings in Actuarial Mathematics

• Credit and Systemic Risk

• Theory of Finance

• Commodities & Commodity Markets

• Topics in Financial Mathematics

• Microeconomic Theory I

• Microeconomic Theory II

• Applied Microeconomics

• Economics of Uncertainty/Economics of Information I

• Economics of Uncertainty/Economics of Information II

• International Finance and Trade

Prospective students for our graduate programs should ideally have completed a Bachelor’s level degree in Engineering, Mathematics, the Sciences, Finance* or Economics*. In addition, candidates should ideally have completed undergraduate-level courses inCalculus, through multivariable calculusLinear algebraDifferential equationsProbability and statisticsMicroeconomics and macroeconomics*Computer programming (e.g., in C++)At least two proof-writing coursesApplication Requirements: Letters of Recommendation (3), GRE, TOEFL/IELTS, Statement of Purpose, Transcripts, Supplementary Application Form, GRE Subject (optional) English Language Requirements IELTS band: 7 TOEFL paper-based test score : 600 TOEFL iBT® test: 100

The principal criteria for financial aid are academic credentials, language and communication skills, and teaching performance and experience. Financial need is generally not considered, except in the awarding of tuition waivers. For incoming students, the academic credentials evaluation is based on grades, recommendation letters, mathematical background, GRE scores, and TOEFL/IELTS scores. For continuing students, progress in the academic program (grades, requirements satisfied, and research progress) is considered also.