Courses are normally offered every year during the semesters indicated. The schedules for courses offered by the Departments of Mathematics, Statistics, and Electrical and Computer Engineering (for ECE 503) rarely vary, but the schedules for the remaining courses are provided for guidance only; those courses may be rescheduled or cancelled by their offering units without advance notice. Always confirm times with the online schedule of classes when planning your program.
| Unit | Course | Title | Semesters | Prerequisites | Comments |
| Six (6) required courses | |||||
| Math | 16:643:621 | Mathematical Finance I | Fall | Required | |
| Math | 16:643:622 | Mathematical Finance II | Spring | Math 621 | Required |
| Econ | 16:220:607 | pdf Econometrics I (44 KB) | Fall | Required. No credit with Stat 563 | |
| Econ | 16:220:608 | Econometrics II | SPRING ONLY | Econ 607 | No credit with Stat 565 or ISE 530 |
| Math | 16:643:573 | Numerical Analysis I | Fall | Required | |
| Math | 16:643:574 | Numerical Analysis II | Spring | Required | |
| Strongly recommended elective | |||||
| ECE | 16:332:503 | Programming Methodology for Numerical Computing and Finance (C++) | Fall | Strongly recommended | |
| Select one (1) or more of the following electives | |||||
| Math | 16:643:623 | Computational Finance | Spring | Math 573, 621, ECE 503 Corequisites: Math 622 & 574 |
Strongly recommended |
| Math | 16:643:624 | Credit Risk Modeling | Fall (odd years) | Math 573, 621 Corequisite: Math 622 |
Recommended |
| Math | 16:643:625 | Portfolio Theory and Applications | Fall | Math 621, Econ 507. Co-requisite: Econ 608 |
Recommended. |
| If additional electives needed to complete program, select from our Mathematics and Statistics courses ... | |||||
| Math | 16:643:611 or 612 | Selected Topics in Applied Mathematics: Variational Inequalities, Obstacle and Free Boundary Problems in Mathematical Finance | Fall (odd years) | Math 16:640:501 Corequisites: Math 16:640:517 |
Recommended for prospective Ph.D. students |
| Math | 16:643:628 | Topics in Mathematical Finance: Advanced Risk and Portfolio Management (ARPM) | Fall | No Prerequisites | Recommended |
| Math | 16:643:628 | Topics in Mathematical Finance: Energy Risk, Commodities, and Derivative Modeling | Fall (even years) | Math 573, 621 | Recommended |
| Math | 16:643:627 | High-Frequency Finance and Stochastic Control | Fall (even years) | ECE 503, Math 573, Math 621, Econ 607 Corequisite: Econ 608 |
Recommended |
| Math | 16:643:626 | Fixed income Securities and Derivative Modeling | Spring (odd years) | Math 573, 621 Corequisites:Math 622 |
Recommended |
| Math | 16:643:631 | Mathematical Methods for Financial Risk Management | Fall | Math 621, 622 | Recommended |
| Math | 16:643:632 | Mathematical Finance in Industry | Fall | Math 621 or Math 01:640:485 | Recommended |
| Stat | 16:958:535 | Advanced Statistical Methods in Finance | Spring | ||
| Stat | 16:960:540 | Statistical Quality Control | Summer | ||
| Stat | 16:958:565 | Financial Time Series Analysis | Spring | ||
| Stat | 16:960:583 | Methods of Statistical Inference | Fall, Spring, Summer | No credit with Stat 567 or Econ 506 | |
| Stat | 16:960:587 | Interpretion Data II | Spring | ||
| Stat | 16:960:567 | Applied Multivariate Analysis | Spring | Stat 563 | No credit with Stat 583 |
| Stat | 16:960:588 | Data Mining | Fall | Stat 567, 587 | |
| Stat | 16:960:641 | Analytics for Business Intelligence | Fall, Spring, Summer | Stat 575 | |
| ... or from the following CS and ECE courses | |||||
| ECE | 16:332:566 | Introduction to Parallel and Distributed Programming | Fall | Consult online schedule | Elective |
| ECE | 16:332:567 | Software Engineering I | Fall | ECE 503 | Elective |
| ECE | 16:332:569 | Database System Engineering | Infrequent | Elective. No credit with CS 541 | |
| CS | 16:198:536 | Machine Learning | Spring | ||
| CS | 16:198:541 | Database Systems | Spring | CS 513 and C++ or Java | Elective. No credit with ECE 569 |
| CS | 16:198:520 | Introduction To Artificial Intelligence | Fall, Spring | ||
| CS | 16:198:512 | Introduction to Data Structures and Algorithms | Fall, Spring | ||
| CS | 16:137:562 | Applied AI Concept to Market | |||
| CS | 22:198:603 | Business Data Management | Fall (Livingston) |
||
| CS | 26:198:622 | Machine Learning | Spring (Newark) |
||
| CS | 22:198:660 | Business Analytics Programming | Spring (Newark) |
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| CS | 26:198:685 | Special Topics in Information Systems: Big Data MGMT, Analysis, and Application | Spring (Newark) |
||
| Required seminar and special projects courses | |||||
| Math | 16:643:629 | Special Research Projects in Mathematical Finance (1 credit) | Fall, Spring, Summer | Only Required if employer insists on a student getting academic credit for their internship | |
| Math | 16:643:630 | Seminar in Mathematical Finance (1/2 credit) | Fall, Spring | Required | |
Business Electives
Courses may be offered at the New Brunswick or Newark campus. Unless an urgent scheduling reason exists, students should take electives offered by the Department of Mathematics instead. Students must consult the Program Administrator before attempting to register for any business course.
| Unit | Course | Title | Semesters | Prerequisites | Conditions |
| Bus | 22:390:601 | pdf Risk and Insurance Management (20 KB) (pdf) | Fall | Math 621 | No credit with Math 624 |
| Bus | 22:390:603 | pdf Investment Analysis and Management (58 KB) (pdf) | Fall, Spring, Summer | Math 621 | |
| Bus | 22:390:608 | pdf Portfolio Management (24 KB) (pdf) | Fall, Spring | Math 621 | No credit with Math 625 |
| Bus | 22:390:611 | pdf Analysis of Fixed Income Securities (21 KB) (pdf) | Fall, Spring, Summer | Math 621 | No credit with Math 626 |
| Bus | 22:430:603 | Investment Analysis and Management | Fall | ||
| Bus | 16:137:602 | Introduction to Cloud and Big Data Systems | Spring | ||
| Bus | 16:137:552 | Python Methodologies | Spring |
Course Substitutions
If students cannot take a required course during the semester when it is offered, they may select one of the alternatives below with the advance permission of the Mathematical Finance Program Director. Credit will not be given for both the required course and any of its alternates.
| Unit | Course | Title | Semesters | Prerequisites | Replaces |
| Econ | 16:220:506 | Advanced Economics Statistics (pdf) | Fall | Math 477 | Stat 583 |
| Econ | 16:220:507 | Econometrics I (pdf) | Spring | Math 477 or Econ 506 | Stat 563 |
| ISE | 16:540:530 | Forecasting and Time Series Analysis | Infrequent | Econ 506 or Stat 563 | Econ 608 |
| Stat | 16:960:563 | Regression Analysis | Fall, Spring, Summer | Econ 607 | |
| Stat | 16:960:565 | Applied Time Series Analysis | Spring | Stat 563 | Econ 608 |
| Stat | 16:960:586 | Interpretation of Data I | Fall, Spring | Math 477 or Stat 583 | Stat 563 |
