Financial Mathematics Graduate Certificate Program (FMGC) - University of Houston
Skip to main content

Financial Mathematics Graduate Certificate Program (FMGC)

Introduction

The Financial Mathematics Graduate Certificate Program (FMGC) is within our program of Master of Science in Applied Mathematics and it has been offered since 2002. A student that meets the requirements of FMGC will receive a certificate in addition to the Master's degree.

The program prepares students with mathematical foundations for risk management in financial and energy markets. Core-course requirements include Probability, Statistics, Optimization Methods, and Discrete-time and Continuous-time Financial Mathematics.

Admissions Requirement

A student who wants to apply for the FMGC program should be admitted into our MSAM (Masters of Science in applied mathematics) program.

Certificate Requirements

To receive the certificate, a student must take courses satisfying the following requirements

  • Completion of the following courses with a grade of C or higher:
    MATH 6382, 6383: Probability and Mathematical Statistics
    MATH 6366, 6367: Optimization
  • Completion of the following two courses in the core of finance mathematics
    MATH 6384: Mathematical Finance in Discrete Time
    MATH 6385: Mathematical Finance in Continuous Time
  • Completion of two more courses from the following list:
    MATH 6397: Numerical Method for PDE,
    MATH 7397: Special Topics in Mathematical Finance (The subject varies from semester to semester; possible topics: Monte Carlo Methods in Finance, Analysis of Finance and Energy Time Series), 
  • MATH 6397: Time Series Analysis,
  • MATH 6386: Computational Statistics (Markov Chains Monte Carlo, and Bayesian Statistics)

Contact Information

Please contact Professor E. Kao via E-mail for more information about this certificate.