Our degree program, "MSMF", integrates theoretical foundations with practical applications to quantitative finance. Core courses are offered by the departments of Mathematics, Statistics, and Electrical and Computer Engineering; electives are offered by these departments, the Business School, and the departments of Computer Science, Economics, Systems Engineering, and Operations Research.
What is Mathematical Finance?
Excellent descriptions of mathematical finance and the careers and opportunities available to students are provided by the International Association of Financial Engineers and the Courant Institute for Mathematical Sciences.For more technical information about quantitative finance and risk management, visit the websites of Global Derivatives, the Global Association of Risk Professionals, and Willmott.
We prepare our graduates for rewarding careers in investment banks, hedge funds, asset management companies, financial software and data companies, and insurance companies, with roles in financial modeling and software development, model, market, credit, and operational risk management, asset valuation, trading desk support, trading, and portfolio management.
To see the latest MSMF placement information, please review the MSMF Career Employment announcement in our News.
The following books and articles provide further insight into the history and development of mathematical finance in academia and industry, as well as the developing role of graduate degrees in mathematical finance:
- Emanuel Derman, My Life as a Quant : Reflections on Physics and Finance, Wiley, 2004
- Perry Mehrling, Fischer Black and the Revolutionary Idea of Finance, Wiley, 2005
- Niels Nygaard, pdf Derivatives and the Demand for Financial Mathematics -- it is Rocket Science (pdf), Financial Products Report, April 2005.
- Carrick Mollenkamp and Charles Fleming, Why Students of Professor El Karoui are in Demand (pdf), Wall Street Journal, March 9, 2006.
- Ivy Schmerken, Hiring the Next Generation of Quants ( pdf pdf (51 KB) ), Finance Tech, March 31, 2006.
- Ronald Alsop, Wall Street Warms to Finance Degree with Focus on Math (pdf), Wall Street Journal, Novermber 14, 2006
- Barry Schachter & Richard R. Lindsey, How I Became a Quant: Insights from 25 of Wall Street's Elite, Wiley, 2007
We encourage you to apply for admission well before the deadline. Applicants and prospective students are invited to attend one of our upcoming web conference application information sessions (please contact us for upcoming dates) or to meet the Acting Director, Dan Ocone, during weekly office hours at the New Brunswick campus.