Ph.D. Program in Mathematical Finance

The Doctoral Program in Mathematical Finance is an interdisciplinary program offered jointly by the Department of Economics and the Department of Mathematics and Statistics in the Graduate School of Arts and Sciences, and the Department of Finance and Economics in the School of Management.

This program is designed for students with a strong affinity toward quantitative reasoning and ability to connect advanced mathematical theories with real-world phenomena. Incoming students in this program are expected to have a background in Mathematics comparable to that of incoming students in a Ph.D. program in Mathematics.

Program Description

Candidates must have met the requirements for a bachelor's degree and must have taken all courses needed as prerequisites. GRE General Test results are required. GRE Subject Test results in Mathematics, Computer Science, or Economics are recommended but not required. All applicants for admission from non-English speaking countries must submit results from the TOEFL examination.

Prerequisites

All levels of Calculus (CAS MA 123, 124, 225 or equivalent), Linear Algebra (CAS MA 242 or equivalent), Differential Equations (CAS MA 226 or equivalent), two semesters of of Mathematical Analysis at 500-level or higher (CAS MA 511 and CAS MA 512 or equivalent), at least one semester of Probability Theory at 500 level or higher (CAS MF 590 or equivalent), at least one semester Finance or Financial Economics at 500-level or higher (CAS MF 502 or equivalent).

Course Requirements

Students must complete and receive a grade of (B-) or higher in the following 16 courses (64 credits).

Students with a MA or MS degree in a relevant field who wish to pursue a post-MA doctoral program in MF must take at least 8 (eight) graduate courses from the above list and must, through a combination of previous graduate course work and additional courses, satisfy the post-BA doctoral program course requirements described above.

How to Apply