Arbitrage pricing theory underpins the historical growth and contemporary importance of financial derivative markets. The theory is developed systematically for equity, FX, commodity, fixed income, and credit markets. Discrete and continuous time dynamic models of asset prices are studied, developing the analytical insight of standard industry models, numerical schemes, and computational practice. These tools are used routinely by practitioners to value portfolios, hedge risk, determine regulatory capital requirements, and maintain and demonstrate regulatory compliance. The Quantitative Finance Graduate Certificate program at NJIT explores these concepts to prepares quantitative analysts to use these tools for investment management and for mandated regulatory compliance.

Who would be suited to take this program? 

A person pursuing a career in financial modeling, banking, finance, insurance, or investment management. Also, this is a program for staff of larger companies with internal financial modeling, such as those within treasury departments which trade and hedge corporate exposures in the financial markets. A related job title would be a Quantitative Analyst, alongside variations of that in the areas of: portfolio management, investment strategy development, risk modeling/managing, etc. There are many positions in the named industries and others where the quantitative tools in the certificate are actively in demand. 

What are the Required Courses?

Core Courses
MATH 604Mathematical Finance *3
Electives
Select three of the following:9
Term Structure Models
Credit Risk Models *
Derivatives Markets *
At most one of the following:
Java Programming *
Data Structures and Algorithms *
Data Mining *