Degree Requirements

Master of Science in Mathematical and Computational Finance

The Master of Science in Mathematical and Computational Finance requires 33 credits: 27 credits in core courses, 3 credits in an approved elective, and 3 credits in a project course.

Plan of Study Grid
Semester ICredits
FIN 641 Derivatives Markets 3
MATH 605 Stochastic Calculus 3
MATH 611 Numerical Methods for Computation 3
MATH 646 Time Series Analysis 3
 Term Credits12
Semester II
MATH 604 Mathematical Finance 3
MATH 606 Term Structure Models 3
MATH 608 Partial Differential Equations for Finance 3
CS 666
Simulation for Finance
or Simulation for Finance
3
 Term Credits12
Semester III
MATH 607 Credit Risk Models 3
Approved Elective 3
MATH 609 Projects in Mathematical and Computational Finance 3
 Term Credits9
 Total Credits33

For students having already successfully completed the equivalent of a course required for the program, more advanced courses can be substituted with departmental approval.

Electives

CS 505Programming, Data Structures, and Algorithms3
CS 602Java Programming3
CS 610Data Structures and Algorithms3
CS 611Introduction to Computability and Complexity3
CS 631Data Management System Design3
CS 632Advanced Database System Design3
CS 634Data Mining3
CS 675Machine Learning3
EM 602Management Science3
FIN 624Corporate Finance II3
FIN 626Financial Investment Institutions3
FIN 650Investment Analysis and Portfolio Theory3
MATH 644Regression Analysis Methods3
MATH 647Time Series Analysis II3
MATH 659Survival Analysis3
MATH 662Probability Distributions3
MATH 665Statistical Inference3
MATH 691Stochastic Processes with Applications3
MATH 699Design and Analysis of Experiments3
MATH 712Numerical Methods II3
MATH 763Generalized Linear Models3

Electives are chosen in consultation with the Program Director and consist of advanced courses in mathematics, statistics, probability, computer science, and management (The list above is a partial list of available courses).

Master of Science in Mathematical and Computational Finance - Applied Quantitative Finance Option

(this option does not have electives)

Plan of Study Grid
Semester ICredits
FIN 641 Derivatives Markets 3
MATH 605 Stochastic Calculus 3
MATH 611 Numerical Methods for Computation 3
PTC 601 Advanced Professional and Technical Communication 3
 Term Credits12
Semester II
MATH 604 Mathematical Finance 3
MATH 606 Term Structure Models 3
MATH 608 Partial Differential Equations for Finance 3
MATH 666
Simulation for Finance
or Simulation for Finance
3
 Term Credits12
Semester III
MATH 607 Credit Risk Models 3
MATH 609 Projects in Mathematical and Computational Finance 3
MGMT 641 Global Project Management 3
 Term Credits9
 Total Credits33