The Master of Science in Mathematics - Financial Mathematics Along the Way track is a non-terminal Master鈥檚 degree program available only to students in the Mathematics PhD program. The Financial Mathematics track in the Mathematical Science MS program provides a strong mathematical foundation for careers in finance. It combines rigorous coursework, specialized training in financial applications, and a required experiential component, such as an internship. This preparation enhances students' ability to understand and adapt to evolving financial technologies, setting them apart in a competitive industry.
The Master of Science in Mathematics - Financial Mathematics Along the Way track requires a minimum of 30 credit hours beyond a bachelor鈥檚 degree. It is typically completed within the first 2-3 years of the doctoral program. The degree includes 7 required courses, 2 restricted elective courses, and an experiential learning requirement (3 credit hours).
The non-thesis experiential learning requirement consists of one of the following options: 1) an internship in financial mathematics (MAP 6946), (2) an approved external or internal workshop in financial mathematics (MAP 6946), or (3) the following two courses with satisfactory grades: MAP 5931 - Proseminar for Financial Mathematics (1 credit) and MAP 5933 - Seminar in Financial Mathematics (2 credits).
Track Prerequisites
Be currently enrolled in the Mathematics PhD Program in the Financial Mathematics track.
Students are expected to possess a solid foundation in undergraduate mathematics, including the calculus sequence, differential equations, and linear algebra. Additionally, they should demonstrate mathematical maturity comparable to that attained in an Advanced Calculus course, such as 性视界传媒鈥檚 MAA 4226.
Degree Requirements
Required Courses
15 Total Credits
- Complete the following:
- MAA5237 - Mathematical Analysis (3)
- MAS5145 - Advanced Linear Algebra and Matrix Theory (3)
- MAA5238 - Measure and Probability I (3)
- MAP5641 - Financial Mathematics I (3)
- MAP6642 - Financial Mathematics II (3)
Required Course Selection
6 Total Credits
- Complete all of the following
- Complete at least 1 of the following:
- MAP5612 - Computational Methods for Financial Mathematics I (3)
- MAT5712 - Scientific Computing (3)
- Complete at least 1 of the following:
- MAP5606 - Differential Equations for Financial Mathematics (3)
- MAP5336 - Ordinary Differential Equations and Applications (3)
Restricted Electives
6 Total Credits
- Earn at least 6 credits from the following:
- MAP6616 - Computational Methods for Financial Mathematics II (3)
- MAP6646 - Risk Management for Financial Mathematics (3)
- MAP6195 - Mathematical Foundations for Massive Data Modeling and Analysis (3)
- MAP6197 - Mathematical Introduction to Deep Learning (3)
- MAP6207 - Optimization Theory (3)
- STA6857 - Applied Time Series Analysis (3)
- MAP6111 - Mathematical Statistics (3)
- ECO6281 - Financial Economics I: Asset Prices, Risk, and Information (3)
- ECO6282 - Financial Economics II: Continuous-Time Models (3)
- MAP5931 - Proseminar for Financial Mathematics (1)
- MAP5933 - Seminar in Financial Mathematics (2)
- MAP6356 - Partial Differential Equations (3)
Experiential Learning Requirement
3 Total Credits
- Earn at least 3 credits from the following types of courses: Students must earn at least 3 credits to fulfill the experiential requirement. This can be achieved by satisfactorily completing one of the following options: (1) an internship in financial mathematics (MAP 6946), (2) an approved external or internal workshop in financial mathematics (MAP 6946), or (3) the following two courses with satisfactory grades: MAP 5931 - Proseminar for Financial Mathematics (1 credit) and MAP 5933 - Seminar in Financial Mathematics (2 credits). Additionally, students must deliver an oral presentation summarizing their experience as part of this requirement.
Grand Total Credits: 30
Financial Information
Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at 性视界传媒 and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.
Fellowship Information
Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student's graduate study and do not have a work obligation. For more information, see 性视界传媒 Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.
