General Overview
Graduate Program in Mathematical Finance
The one-year (3 semesters/10 courses) program focuses on the crux of
mathematical concepts that led to the development of the Black and Scholes
option pricing method and have grown recently into a universal tool for
creating effective investment strategies and risk-analysis. Currently,
sophisticated mathematical tools are used not only by traders of derivatives,
but also by any bank or corporation that has to determine how much to spend for
development and research, the best time to enter/exit the market, to make a
merger-acquisition decision, or to manage risk. This has forced essentially all
major financial institutions in the U.S. to employ graduates with very strong
quantitative skills and solid knowledge of financial markets.
Our program was developed in response to this demand. Unlike a
master’s degree program in physics, engineering or computational
mathematics, in a typical mathematical finance program all relevant
mathematical concepts are presented exclusively in the context of financial
applications. All courses in the Program are designed exclusively for the
purpose of graduate education in Mathematical Finance. The course curriculum
emphasizes equally well the theoretical and the practical aspects of the
methods of Mathematical Finance. Most cutting-edge financial technologies are
included in the curriculum.
Our program is equally suitable for students who have just finished their
undergraduate education or for practitioners with some experience in the
financial industry. To be admitted to the program, applicants need to have
college level calculus (all levels), linear algebra and differential
equations, in addition to some basic knowledge of computer programming. The
entire program consists of ten courses and an internship, all of which can be
completed within one calendar year.
Applications
Application forms, instructions and other relevant information are available online. Completed applications and inquiries should be directed to:
Graduate School of Arts and Sciences
Admissions Office
Boston University
705 Commonwealth Ave.
Boston, MA 02215 U.S.A.
Tel: 617-353-2696
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