Program Description Detail

HTTP 200 OK
Allow: GET, PUT, PATCH, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 291950,
    "description_type": {
        "id": 3,
        "name": "Full Catalog Description"
    },
    "description": "<p>The Financial Mathematics track within the Mathematical Science MS program equips graduate students with a robust mathematical foundation tailored for careers in the finance industry. This track emphasizes high-quality, professional training in mathematics applied to finance, enabling graduates to stand out in a competitive field.</p><p>Structured around three core components, this track includes (1) rigorous training in the fundamental mathematics essential for financial mathematics, (2) specialized professional training in finance-specific mathematical applications, and (3) a required experiential component, such as an internship or equivalent practical experience.</p><p>This strong mathematical foundation not only enhances students' understanding of current financial technologies but also makes them more adaptable and versatile in learning new tools and approaches, giving them a distinct edge over graduates from less mathematically rigorous programs.</p><p><strong>Total Credit Hours Required: 30 Credit Hours Minimum beyond the Bachelor's Degree</strong></p><h2>Track Prerequisites</h2><p>A solid foundation in undergraduate calculus sequence, differential equations, linear algebra, elementary probability, and statistics, as well as proficiency in a modern programming language, is required for this track.</p><h2>Degree Requirements</h2><h3>Required Courses</h3> 15 Total Credits <ul><li>Complete all of the following<ul><li>Complete the following: <ul><li>MAA5238 - Measure and Probability I (3)</li><li>MAP5641 - Financial Mathematics I (3)</li><li>MAP6642 - Financial Mathematics II (3)</li></ul></li><li>Complete at least 1 of the following: <ul><li>MAP5612 - Computational Methods for Financial Mathematics I (3)</li><li>MAT5712 - Scientific Computing (3)</li></ul></li><li>Complete at least 1 of the following: <ul><li>MAP5606 - Differential Equations for Financial Mathematics (3)</li><li>MAP5336 - Ordinary Differential Equations and Applications (3)</li></ul></li></ul></li></ul><h3>Restricted Electives</h3> 12 Total Credits <ul><li>Complete at least 4 of the following: <ul><li>MAP6616 - Computational Methods for Financial Mathematics II (3)</li><li>MAP6646 - Risk Management for Financial Mathematics (3)</li><li>MAP6195 - Mathematical Foundations for Massive Data Modeling and Analysis (3)</li><li>MAP6197 - Mathematical Introduction to Deep Learning (3)</li><li>MAP6207 - Optimization Theory (3)</li><li>STA6857 - Applied Time Series Analysis (3)</li><li>MAP6111 - Mathematical Statistics (3)</li><li>ECO6281 - Financial Economics I: Asset Prices, Risk, and Information (3)</li><li>ECO6282 - Financial Economics II: Continuous-Time Models (3)</li><li>MAP6356 - Partial Differential Equations (3)</li><li>MAA6245 - Measure and Probability II (3)</li><li>MAA6506 - Functional Analysis (3)</li></ul></li></ul><h3>Experiential Requirement</h3> 3 Total Credits <ul><li>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.</li></ul><h4>Grand Total Credits: <strong>30</strong></h4><h2>Application Requirements</h2><h2>Financial Information</h2><h2>Fellowship Information</h2>The Financial Mathematics program consists of 30 credit hours of courses and internship. Students will work with an adviser to design a program of study, which will be presented to the program director for approval. If a student has an industrial sponsor, the student's program of study will be developed in consultation with a representative from the student's sponsoring company. Students are expected to obtain hands-on experience. The capstone requirement for this track is fulfilled by students completing an experiential learning requirement (3 credit hours). At least one-half of the program courses must be taken at the 6000 level.",
    "primary": false,
    "program": 1309
}