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.

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, 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), 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

---

---