Master of Science - Applied Mathematics - Mathematical Finance

Program Description

The tools and methods of Applied Mathematics are in demand wherever quantitative analysis is used for strategic decision-making. The MS in Applied Mathematics gives students the expertise they need to use those tools and methods in business, industry or government. It also provides a solid foundation for those interested in pursuing a PhD.

For international students: this is a STEM-designated program, which can qualify them to extend their post-graduation stay in the United States.

The Mathematical Finance concentration is a track for mathematically-inclined students who would like to pursue a quantitative career in Finance. The coursework focuses on the theoretical foundations of Finance as well as the concrete application of financial modeling, using sophisticated tools and techniques such as stochastic differential equations, copulas and extreme value theory. Students completing this concentration will be well-equipped to work as quantitative analysts.

Students will be able to:

• Demonstrate knowledge of the mathematical basis and foundations of probability and statistics necessary to develop and implement appropriate mathematical models.
• Solve a computational problem by using appropriate numerical and statistical procedures with a focus on accuracy, error control, and efficiency.
• Implement a variety of mathematical and statistical structures to model and analyze complex problems.
• Identify, formulate, abstract, and solve mathematical problems using tools from a variety of mathematical areas including calculus, linear algebra, algebra, analysis, probability, and statistics.
• Use computational and statistical software platforms to develop and execute various mathematical procedures and numerical algorithms.
• Communicate mathematical ideas professionally, in verbal and visual form, by using appropriate terminology and notation.