# Mathematics of Finance and Actuarial Science Concentration

**Academic Advisor: **https://math.njit.edu/students/undergraduate/advisors.php

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

(121 credits)

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

1st Semester | 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 |

Term Credits | 14 | |

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 Credits | 14 | |

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 Credits | 17 | |

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 Credits | 16 | |

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 Credits | 15 | |

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 Credits | 15 | |

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 or R390 330 |
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 Credits | 15 | |

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 Credits | 15 | |

Total Credits | 121 |

### 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.