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Financial Mathematics Major (BSFM)

Financial Mathematics Major (BSFM)

This Bachelor of Science in Financial Mathematics (BSFM) major is first and foremost a course of study in mathematics, with a focus on the computational tools and techniques needed to thrive in the financial engineering industry. In today’s specialized world, a sophisticated level of mathematical understanding is an essential competitive edge. The BSFM will consist of four components, totaling 120 credits: 45 in required Mathematics courses, and the rest spread across Core credits, Economics and Finance courses, and minor and elective courses. As a preliminary requirement, students must complete two semesters of calculus.  As this program includes courses in Economics and Finance, students who would usually not consider a traditional mathematics major will find this program especially attractive. Interested students are urged to contact the Department of Mathematics as early as possible.  The student will be assigned an advisor who will aid in formulating an appropriate course of study.

There are two equivalent paths by which a student may gain admission to the program.

Path I

As a preliminary requirement, students must complete two semesters of calculus, which may be achieved by any one of the following three methods:

  • Calculus AP BC with a grade 4 or 5, or
  • Calculus AP AB with a grade of 4 or 5 and MTH 3010 with B+ or higher, or
  • MTH 2610 and MTH 3010 with a combined GPA of at least 3.5 out of 4.0
  • MTH 2205 or MTH 2207, and MTH 3006 and MTH 3007, with a combined GPA in the four courses of at least 3.5 out of 4.0 .

Students must meet the following requirement to gain admission to the program:

  • MTH 3050 and MTH 4000 with a minimum grade of B in each course.

Path II

If you have completed

  • Calculus AP BC with a grade 4 or 5 and MTH 3020 with B+ or higher, or
  • MTH 3010 and MTH 3020  with a GPA of at least 3.5 out of 4, or
  • MTH 3006 and MTH 3030 with a GPA of at least 3.5 out of 4, or
  • MTH 3006  and MTH 3007 and MTH 3020 with a GPA of at least 3.5 out of 4, or
  • MTH 2630 and MTH 3030 with a GPA of at least 3.5 out of 4.

You must take MTH 3035 and earn a grade of B or better. (MTH 3020 or MTH 3030 together with MTH 3035 is equivalent to MTH 3050.) MTH 3035 is a one credit course covering the material in MTH 3050 that is not included in either MTH 3020 or MTH 3030.

Students must meet the following requirement to gain admission to the program:

  •  MTH 4000 with a minimum grade of B.

The BSFM Program

Students admitted to this program will need to complete BUS 1000 and ACC 2101 which are prerequisites for for FIN 3000.

The 12 credits of required Economics and Finance come from the following courses (3 credits each):

  • ECO 1001 Microeconomics
  • ECO 1002 Macroeconomics
  • FIN 3000 Principles of Finance
  • FIN 3610 Corporate Finance

Preliminary Courses

  • MTH 3050 (4 credits) Multivariable and Vector Calculus
  • MTH 3300 (3 credits) Algorithms, Computers, and Programming I
  • MTH 4000 (4 credits) Bridge to Higher Mathematics
  • ACC 2101 (3 credits) Principles of Accounting
  • CIS 2200 (3 credits) Introduction to Information Systems and Technologies *
  • STA 2000 (3 credits) Business Statistics I *

* NOTE: Students who have completed MTH 4120 Introduction to Probability, may be waived from CIS 2200 and STA 2000. Please consult the Weissman Office of the Associate Dean to request registration permission.

Upper Level Courses

  • MTH 4100 (3 credits) Linear Algebra
  • MTH 4115 (4 credits) Numerical Methods for Differential Equations
  • MTH 4120 (4 credits) Introduction to Probability (Students who have completed MTH 3120 must register for MTH 4119 as an independent study, please consult the Department of Mathematics).
  • MTH 4125 (4 credits) Introduction to Stochastic Processes
  • MTH 4130 (4 credits) Mathematics of Statistics
  • MTH 4300 (3 credits) Algorithms, Computers, and Programming II
  • MTH 4500 (4 credits) Introductory Financial Mathematics
  • MTH 4600 (4 credits) Data Analysis and Simulation for Financial Engineers
  • MTH 5500 (4 credits) Stochastic Calculus for Finance