Financial Mathematics BS

Offered jointly with the Department of Economics and the School of Business, this major serves students interested in applying the principles of mathematical and economic analysis in the financial services industry. Past graduates are pursuing careers in security analysis at mutual funds, private wealth management, actuarial science, and management of endowments of nonprofit organizations.

Learning Outcomes

  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.

 

Major Requirements

Courses required for the financial mathematics major are:

Courses required for the financial mathematics major are:

ECON 100Principles of Microeconomics

4

ECON 101Principles of Macroeconomics

4

STAT 118Introductory Statistics

4.00

STAT 227Intermediate Statistics: Design & Analys Analysis

4

MATH 220Multivariable Calculus

4

MATH 211Linear Algebra

4

ECON 220International Monetary Systems

4

ECON 231Money & Banking

4

ECON 393Econometrics

4

MATH 319Financial Mathematics

4

MATH 338Probability

4

STAT 339Statistical Theory

4

OR

MATH 343Mathematical Modeling

4

ACCT 110Financial Accounting

4

BUS 260Financial Management

4

BUS 311Investments

4

Another 300-level finance course can substitute for BUS 311.
The Capstone requirement for this major must be satisfied by ECON 393.