Courses

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
Four (4) required courses
Math	16:643:621	Mathematical Finance I	Fall		Required
Math	16:643:622	Mathematical Finance II	Spring	Math 621	Required
Econ	16:220:507	pdf Econometrics I (44 KB)	Fall		Required. No credit with Stat 563
Econ	16:220:508	Econometrics II	SPRING  ONLY	Econ 507	No credit with Stat 565 or ISE 530
Select two (2) of the following three required courses
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 508	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 507 Corequisite: Econ 508	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
Stat	22:960:641	Topics: Analytics for Business Intelligence	Fall, Spring (Livingston)
... 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	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)
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	16:137:602	Introduction to Cloud and Big Data Systems	Spring
Bus	16:137:552	Python for Data Science	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 508
Stat	16:960:563	Regression Analysis	Fall, Spring, Summer		Econ 507
Stat	16:960:565	Applied Time Series Analysis	Spring	Stat 563	Econ 508
Stat	16:960:586	Interpretation of Data I	Fall, Spring	Math 477 or Stat 583	Stat 563