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

(121 credits)

Plan of Study Grid
First Year
1st SemesterCredits
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
 Term Credits14
2nd Semester
MATH 112 Calculus II 4
ACCT 115 Fundamentals of Financial Accounting 3
PHYS 121 Physics II 3
PHYS 121A Physics II Laboratory 1
HUM 102 English Composition: Writing, Speaking, Thinking II 3
 Term Credits14
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
History and Humanities GER 200 level 3
 Term Credits17
2nd Semester
MATH 222 Differential Equations 4
MATH 337 Linear Algebra 3
MATH 341 Statistical Methods II 3
MATH 345 Multivariate Distributions 3
ECON 266 Macroeconomics 3
 Term Credits16
Third Year
1st Semester
MATH 340 Applied Numerical Methods 3
MATH 344 Regression Analysis 3
MATH 346 Mathematics of Finance I 3
FIN 315 Fundamentals of Corporate Finance 3
History and Humanities GER 300+ level 3
 Term Credits15
2nd Semester
MATH 347 Mathematics of Finance II 3
MATH 447 Applied Time Series Analysis 3
MATH 477 Stochastic Processes 3
Free Elective 3
History and Humanities GER 300+ level 3
 Term Credits15
Fourth Year
1st Semester
MATH 331 Introduction to Partial Differential Equations 3
MATH 432 Mathematics of Financial Derivatives I (Capstone I) 3
MATH 448 Stochastic Simulation 3
FIN 416
Advanced Corporate Finance
or Corporate Finance
3
Select one of the following electives: 3
Actuarial Mathematics I  
Actuarial Mathematics II  
Introductory Mathematical Analysis  
Advanced Calculus  
Securities in Financial Markets  
Financial Risk Measurement and Management  
International Finance  
Risk Analysis  
 Term Credits15
2nd Semester
MATH 433 Mathematics of Financial Derivatives II (Capstone II) 3
Math 400+ Elective 3
Select one of the following electives: 3
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
Humanities and Social Science Senior Seminar GER 3
 Term Credits15
 Total Credits121

General Education Requirements and Electives

All students are required to satisfy the General Education Requirements (GER). All GER 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 Education 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.