Financial Mathematics BS

The Major is no longer accepting Students.

Offered jointly by the Division of Mathematics, Computing, and Statistics and the Department of Economics, this major serves students interested in applying principles of mathematics and economics analysis in the financial services industry. Students graduating with this major might become stock analysts, bond traders, or decision analysts at consulting firms, work in the pension/annuity industry, or go to graduate school in the growing area of financial mathematics. The requirements for the joint major in Financial Mathematics are described in the listings for the Division of Mathematics, Computing, and Statistics (or previously the Department of Mathematics) in earlier editions of the catalog.

1. Understanding of the basic concepts and techniques in core content areas of mathematics, and statistics and ability to translate that theory to financial modeling and financial engineering.
2. Knowledge of economic concepts, institutions, theories, models, and methodologies including econometrics, and competency in applying this information to analyze economics events and to evaluate alternative economic policy initiatives.
3. Understanding of the basic concepts and techniques in core content areas of accounting, finance, and investing.
4. Ability to use the knowledge of mathematics, statistics, economics and finance to build theoretically sound financial models, choose relevant data, use appropriate modeling tools and software, and critically interpret the results.
5. Ability to communicate mathematical, economic, and financial ideas clearly and precisely.
6. Ability to independently read and learn mathematical finance.