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

Introduction

This 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 "CFM" program should be admitted into our Masters of Science in Applied Mathematics program.

Certificate Requirements

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

• Successful completion (B- or higher) of:
  • MATH 6382: Probability
  • MATH 6383: Statistics
  • MATH 6366: Optimization I
  • MATH 6367: Optimization II
  • MATH 6385: Mathematical Finance in Continuous Time

• Successful completion of at least 9 hours of courses selected from:
  • MATH 6384: Mathematical Finance in Discrete Time
  • MATH 6397: Selected topics, Numerical Method for PDE
  • MATH 6397: Selected topics (related to statistics)
  • MATH 7397: Topics in Probability (related to mathematical finance)
  • MATH 7381: Applied and Computational Stochastic Processes
    
    
• Note: Students must receive prior approval for Special Topics courses MATH 6397 and MATH 7397 to count towards this certificate. To receive approval students should email a Graduate and Professional Student Petition form to the graduate director and request that a particular topics course is applied towards the Financial Mathematics Certificate.
  
  To obtain this certificate, the student must have at least a 3.0 GPA, averaged over courses used to fulfill certificate requirements.
  

Contact Information

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

*Note: The correct designation for degrees on the transcript, will be denoted as: Degree: Master of Science, Plan: Applied Mathematics, M.S. ; Degree: Certificate, Plan: Certificate in Financial Mathematics.