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Texas A&M University
Mathematics
MS   QUANTITATIVE FINANCE
Department of Mathematics & Department of Finance

CURRICULUM

Overview

Students in the program will take 18 hours of mathematics courses and 18 hours of finance courses, for a total of 36 hours. The statistics course STAT 631 (Statistical Finance) can serve as a substitute either for three credits of mathematics courses or for three credits of finance courses. In most cases, students will take the majority of their math classes during their first year in the program and the majority of their finance classes during their second year in the program.

Mathematics Courses

The curriculum of mathematics courses is intended to provide students with the quantitative background they need to succeed in the courses they will take during their second year in quantitative finance.

Core Mathematics Courses

MATH 425 The Mathematics of Contingent Claims 3 cr
MATH 609 Numerical Analysis 4 cr
MATH 619 Applied Probability 3 cr
MATH 647 Mathematical Modeling 3 cr

Suggested Mathematics Electives

MATH 601 Methods of Applied Mathematics I 3 cr
MATH 602 Methods and Applications of PDE 3 cr
MATH 606 Probability I 3 cr
MATH 610 Numerical Methods for PDE 4 cr
MATH 611 Introduction to ODE and PDE 3 cr
MATH 615 Introduction to Classical Analysis 3 cr
MATH 625 Stochastic Differential Equations 3 cr
MATH 639 Iterative Techniques 4 cr
MATH 641 Analysis for Applications I 3 cr
MATH 651 Optimization 3 cr

Finance Courses

The curriculum of finance courses builds on the strong background in mathematics that students obtain during their first year in the program, with a focus on quantitative methods.

Required Finance Course

MATH 688 (*) Theory of Investments 3 cr

Core Finance Courses

FINC 648 Advanced Investments 3 cr
FINC 650 Empirical Methods in Finance 3 cr
FINC 651 Macro-Finance 3 cr
FINC 660 Fixed Income Analysis 3 cr
FINC 665 Derivative Securities 3 cr
FINC 688 (*) Theory of Corporate Finance 3 cr

(*) FINC 688 may be repeated for credit, in accordance with the Texas A&M University Graduate Catalog. The Department of Finance teaches four or five different topics under the FINC 688 course number. The two courses listed here are different courses taught under the same FINC 688 label.

Statistics Course

Students in the program can substitute the following statistics course for three credits of mathematics coursework or three credits of statistics coursework.

STAT 631 Statistical Finance 3 cr