Financial Mathematics (Without Thesis) Program

Financial Mathematics is the branch of applied mathematics concerned with the financial markets. It overlaps heavily with the fields of financial engineering and computational finance. Arguably, all three terms are synonymous. The subject naturally has a close relationship with the discipline of financial economics, but financial mathematics is narrower in scope and more abstract. A central difference is that while a financial economist might study the structural reasons why a company may have a certain share price, a mathematician or financial engineer may take the share price as a given, and attempt to use stochastic calculus to obtain the fair value of derivatives of the stock.

Financial Mathematics is a flourishing area of modern science. Its numerous applications have become vital to the day to day functioning of the world’s financial institutions. As a consequence, a solid command of the principles and techniques of quantitative finance is essential for a responsible approach to the trading, asset management, and risk control of complicated financial positions.

Many countries’ financial sectors have enjoyed unparalleled expansion over the past decade and opportunities have emerged for careers in numerous areas of the financial system. With the integration of financial markets in Europe and elsewhere new job opportunities are appearing all the time.

Within the manufacturing and service sectors of economies, financial analysis is becoming increasingly technical and the range of alternative financial instruments available to firms is expanding rapidly. There is increasing demand for employees with an understanding of the new tools and the ability to apply them.

To see the course details (such as objectives, learning outcomes, content, assessment and ECTS workload), click the relevant Course Code given in the table below.

The students studying in this second cycle program without thesis are required:

to take a minimum of 10 courses with a minimum of 30 local credits and a non-credit semester project which is graded on a pass/fail basis.

to succeed in all the courses with a letter grade of at least CC/S 

to have a Cumulative Grade Point Average of at least 3.00/4.00 with a minimum of 90 ECTS credits.

B-2 FOREIGN NATIONALS:

To hold an Undergraduate Degree Diploma from a (4 year) higher education institution that is recognized by the Higher Education Board

To graduate from undergraduate program (4 year) of Departments of Industrial Engineering, System Engineering, Computer Sciences, Computer Engineering, Software Engineering, Electrical/ Electronics/Telecommunication Engineering, Information, Computer and Teaching Technologies Teaching,  Computer Education, Electrical Electronics Education, Computer Technologies, Mechatronics,  Mathematics, Physics, Business Administration, Logistics Management, or related departments to apply for Intelligent Engineering Systems master program,

To graduate from undergraduate program (4 year) of Departments Architecture, Interior Architecture, City and Regional Planning, and other related design fields to apply for Architecture master program,

To be exempt from foreign language proficiency, students need to meet the below requirements:

To be graduated from a higher education program in which the medium of instruction is the same language as in the master program applied for within three years following their graduation,

 To obtain the scores in the exams specified below, or obtain an equivalent score in the internationally recognized foreign language exams that are deemed equivalent to the exams specified below by the Higher Education Board.