# Mathematics of Finance and Actuarial Science Concentration

## B.S. in Mathematical Sciences, Mathematics of Finance and Actuarial Science Concentration

First Year | ||
---|---|---|

1st Semester | Term Credits | |

MATH 111 | Calculus I | 4 |

CS 100 | Roadmap to Computing | 3 |

HUM 101 | English Composition: Writing, Speaking, Thinking I | 3 |

PHYS 111 | Physics I | 3 |

PHYS 111A | Physics I Laboratory | 1 |

FRSH SEM | Freshman Seminar | 0 |

Physical Education:GUR | 1 | |

Term Credits | 15 | |

2nd Semester | ||

MATH 112 | Calculus II | 4 |

ACCT 115 | Fundamentals of Financial Accounting | 3 |

EPS 202 | Society, Technology, and the Environment | 3 |

PHYS 121 | Physics II | 3 |

PHYS 121A | Physics II Laboratory | 1 |

HUM 102 | English Composition: Writing, Speaking, Thinking II | 3 |

Term Credits | 17 | |

Second Year | ||

1st Semester | ||

MATH 213 | Calculus III B | 4 |

MATH 227 | Mathematical Modeling | 4 |

MATH 244 | Introduction to Probability Theory | 3 |

ECON 265 | Microeconomics | 3 |

English Composition and Cultural History (lower-level):GUR Elective | 3 | |

Term Credits | 17 | |

2nd Semester | ||

MATH 222 | Differential Equations | 4 |

MATH 340 | Applied Numerical Methods | 3 |

MATH 337 | Linear Algebra | 3 |

MATH 341 | Statistical Methods II | 3 |

ECON 266 | Macroeconomics | 3 |

Physical Education:GUR | 1 | |

Term Credits | 17 | |

Third Year | ||

1st Semester | ||

MATH 447 | Applied Time Series Analysis | 3 |

MATH 346 | Mathematics of Finance I | 3 |

MATH 345 | Multivariate Distributions | 3 |

FIN 315 | Fundamentals of Corporate Finance | 3 |

Humanities and Social Sciences (upper-level) Elective:GUR | 3 | |

Humanities and Social Sciences (upper-level):GUR Elective | 3 | |

Term Credits | 18 | |

2nd Semester | ||

MATH 331 | Introduction to Partial Differential Equations | 3 |

MATH 344 | Regression Analysis | 3 |

MATH 347 | Mathematics of Finance II | 3 |

Senior Seminar-Humanities and Social Sciences (upper-level):GUR Elective | 3 | |

Management:GUR Elective | 3 | |

Term Credits | 15 | |

Fourth Year | ||

1st Semester | ||

Mathematics 400+ Elective | 3 | |

MATH 432 | Mathematics of Financial Derivatives I (Capstone I) | 3 |

FIN 416 or R390 330 |
Advanced Corporate Finance or Corporate Finance |
3 |

Select one of the following electives: | 3 | |

Advanced Applied Numerical Methods | ||

Actuarial Mathematics I | ||

Actuarial Mathematics II | ||

Introductory Mathematical Analysis | ||

Advanced Calculus | ||

Securities in Financial Markets | ||

Financial Risk Measurement and Management | ||

International Finance | ||

Risk Analysis | ||

Free Elective | 3 | |

Term Credits | 15 | |

2nd Semester | ||

MATH 477 | Stochastic Processes | 3 |

MATH 448 | Stochastic Simulation | 3 |

MATH 433 | Mathematics of Financial Derivatives II (Capstone II) | 3 |

Select one of the following electives: | 3 | |

Advanced Applied Numerical Methods | ||

Actuarial Mathematics I | ||

Actuarial Mathematics II | ||

Introductory Mathematical Analysis | ||

Advanced Calculus | ||

Securities in Financial Markets | ||

Financial Risk Measurement and Management | ||

International Finance | ||

Risk Analysis | ||

Free Elective | 3 | |

Term Credits | 15 | |

Total Credits | 129 |

### General University Requirements and Electives

All students are required to satisfy the General University Requirements (GUR). All GUR courses and additional mathematics, technical, and free electives are to be selected in consultation with a faculty advisor in the Department of Mathematical Sciences. Refer to the General University Requirements section of this catalog for further information on electives.

### Co-op Courses

In Mathematical Sciences, the co-op courses, MATH 310 Co-op Work Experience I and MATH 410 Co-op Work Experience II, bear degree credit and count as technical or free electives, subject to approval by a faculty advisor in the Department of Mathematical Sciences.

### Electives

All electives should be selected after consultation with a Mathematical Sciences faculty advisor. Any mathematics course numbered 331 or above may be used as a mathematics, technical, or free elective. Any NJIT course at or above the 100 level may be used as a technical or free elective; except a technical elective is a course that has a significant mathematical and/or scientific content. All elective courses are to be chosen in consultation with a faculty advisor in the Department of Mathematical Sciences.