Department Banner

Newly Admitted Students

Sample Schedules and Course Registration Advice

Sample Schedules

Below are sample schedules for programs ranging from one year to two years, with the total number of credits per semester indicated in parentheses. The choice of electives will vary from student to student and the indicated elective choices are for the sake of example only - please carefully read the very important notes on course registration and program planning further below.

One year

  • Fall (12.5) : Math 621, Math 573, Econ 507, ECE 503, Math 630
  • Spring (12.5): Math 622, Math 575, Econ 508, Math 623, Math 630
  • Summer (6 ): Business 611, and choice of either Business 603 or Stat 583

If you complete the program in the summer, your third semester requirement for Math 630 is waived.

One and half year

Example 1

  • Fall (12.5): Math 621, Math 573, Econ 507, ECE 503, Math 630
  • Spring (12.5): Math 622, Math 575, Econ 508, Math 623, Math 630
  • Fall (6.5): Math 630 and choice of two of the following: Math 624, Math 625, Math 628

Example 2

  • Fall (12.5): Math 621, Math 573, Econ 507, ECE 503, Math 630
  • Spring (9.5): Math 622, Math 574, Econ 508, Math 630
  • Summer (3): Business 611 or Stat 583
  • Fall (6.5): Math 630, Math 625, and choice of Math 611, Math 626, Math 627 or Math 628

Example 3

  • Fall (9.5): Math 621, Math 573, Econ 507, Math 630
  • Spring (9.5): Math 622, Math 574, Econ 508, Math 630
  • Summer (6.0): Business 611 and choice of Business 603 or Stat 583
  • Fall (6.5): Math 630, Math 625, and choice of Math 624, Math 628 or ECE 503

Two years

Example 1

  • Fall (9.5): Math 621, Math 573, ECE 503, Math 630
  • Spring (9.5): Math 622, Math 623, Math 630, and choice of Math 575
  • Fall (6.5): Math 630, Econ 507, and choice of Math 624 or Math 628
  • Spring (6): Econ 508, and choice of Math 626, Stat 583 or Business 611

Example 2

  • Fall (9.5): Math 621, Math 573, Econ 507, Math 630
  • Spring (9.5): Math 622, ECE 503, Math 630 and Math 575
  • Fall (6.5): Math 630, Econ 507, and choice of Math 625, Math 624 or Math 628
  • Spring (6): Econ 508 and choice of Math 623 or Math 626

Example 3

  • Fall (9.5): Math 621, Math 573, Econ 507, Math 630
  • Spring (9.5): Math 622, Econ 508 , Math 630 and choice of Math 574 or * Math 575
    ( * Math 575 is required if you plan to take Math 623 the following spring )
  • Fall (9.5): Math 630, ECE 503, and choice of Math 624, Math 625, Math 627 or Math 628
  • Spring (3): Choice of Math 623 or Math 626

Important Notes on Course Registration and Program Planning

First semester course choice

Students are free to select anywhere from a one-year to a two-year program. We recommend that students planning a one and half year program take four required three-credit courses in their first semester to ensure that they have the prerequisites for elective courses of interest to them in later semesters.

Fulfillment of English language or undergraduate course prerequisite admission conditions

We encourage students complete any English language or undergraduate course prerequisite admission conditions prior to their first Fall semester at Rutgers. Students who elect to complete those admission conditions at Rutgers are required to do so within their first year at Rutgers, with the first Fall semester required for students taking 9.5 or fewer credits. However, students may defer completion of admission conditions to their first Spring or Summer semester if they are already taking 12.5 or more credits during their first Fall semester.

Strongly recommended electives

Students who are certain of their future career path and financial industry specialization may choose electives to best suit support those goals. However, most students will find ECE 503 (C++) and Math 623 (Computational Finance) provide a strong foundation for the broadest choice of financial industry careers. Almost all financial industry firms require applicants to take their C++ tests as part of their screening procedure. ECE 503 is required for Math 623 and for many summer internships, so we especially recommend taking this course in the first Fall semester.

Awareness of changes in the financial industry and making informed course choices

When selecting course choices, students should be aware that the financial industry is continually changing and, moreover, that our degree program provides a solid foundation in applied mathematics and hence a good introduction to a range of industry careers beyond finance. Opportunities in risk management, energy, and commodities are likely grow and remain strong worldwide for the foreseeable future while opportunities in the larger banks in more traditional areas of quantitative finance are subject to periodic contraction due to economic pressures or regulatory changes. Most industry careers require a solid foundation in econometrics, numerical methods, programming, and statistics, just as the core courses in our program provides, and those core skills can be further strengthened by choosing suitable electives.

Availability of courses and minimum enrollment

The semesters in which core (required) courses are offered change rarely change. While some courses, such as Econ 507 or Econ 508, may be offered in other semesters, the semesters indicated are when MSMF students are required by those departments to take them.

Our industry elective courses, Math 623 (Computational Finance), Math 624 (Credit Risk), Math 625 (Portfolio Theory and Applications), Math 626 (Fixed Income Securities and Derivative Modeling), Math 627 (High-Frequency Finance and Stochastic Control ), Math 628 (Topic: Quantitative Risk Management), and Math 628 (Topic: Energy Risk, Commodities, and Derivative Modeling), are offered subject to the availability of a qualified industry instructor, which can change from year to year, and enrollment.

It is very important that when we ask you to register that you do so promptly, as courses with below minimum enrollment are subject to cancellation. Tuition payment deadlines can usually be deferred on request until less than a month before the start of classes.

Courses offered by other departments (ECE - Electrical and Computer Engineering and Econ - Economics) will have space reserved for MSMF students and their own students. It is essential that you register early for those courses or else you risk losing your place to a student from another program. Enrollments in courses are subject to caps imposed by the room size and we cannot help place students in a course which is already full.

Course scheduling

Not all elective courses are offered every year, because of instructor availability or the need to ensure minimum enrollment. The semesters in which electives are offered below are typical but subject to change.

ECE 503 (Fall and Spring), Math 623 (Spring), 625 (Fall), and 628 Risk (Fall) are normally offered every year, in the indicated semesters. Please note that Math 575 is a co-requisite for Math 623.

Math 624 (Fall), 626 (Spring), and 628 Energy (Fall or Spring) are normally offered every second year, in the indicated semesters.

Math 627 is offered subject to student demand and instructor availability.

Math 628 is our "topics in mathematical finance" series and is designed to allow us the flexibility to offer students courses in areas which closely match current industry emphasis and opportunity. The course number for the topics course can occasionally change, usually when we are offering two or more topics in the same semester, and then the course may be relabeled as Math 611 or 612 (Topics in Applied Mathematics) to avoid registration confusion.

Math 611 (Fall) Obstacle Problems is a course for intended for advanced master's degree students interested in American-style option pricing, especially those who are planning on applying to a Ph.D. program in quantitative finance after the conclusion of their master's degree. It is normally offered every second year.

The scheduling and availability of elective courses offered by other departments (Business, Computer Science, Economics, and Electrical and Computer Engineering) is outside our control and subject to the priorities of those departments.

If you have any concerns, questions, or suggestions about our courses and program, please do not hesitate to contact our Program Administrator, Ana Mastrogiovanni, or the Program Director, Paul Feehan. We welcome your feedback.

Social Media

Contact Us

HillCenter

Mathematical Finance Master's Program

Department of Mathematics, Hill 348
Hill Center for Mathematical Sciences
Rutgers, The State University of New Jersey
110 Frelinghuysen Road
Piscataway, NJ 08854-8019

Email: finmath (at) rci.rutgers.edu
Phone: +1.848.445.3920
Fax: +1.732.445.5530