The Financial Mathematics track in the Mathematical Science MS program prepares graduate students to pursue careers in the finance industry by providing them with high quality professional training in of mathematics applicable to finance.
This track has three components: training in the necessary mathematics to pursue a career in financial mathematics, professional training in financial mathematics, and a required experiential component.
Total Credit Hours Required: 30 Credit Hours Minimum beyond the Bachelor's Degree
Track Prerequisites
Working knowledge of undergraduate calculus, differential equations, linear algebra (or matrix theory), proficiency in a modern computer language, elementary probability, and statistics.
The following courses are required as prerequisites to this track: Calculus with Analytic Geometry I, II, and III; Differential Equations; Linear and Matrix Algebra (or a course equivalent); proficiency in a computer language; Elementary Probability and Statistics. A summer program of two courses, which cannot be used as part of the program of study for this degree, is available for students who have deficiencies in these prerequisite areas.
Degree Requirements
Required Courses
21 Total Credits
- Complete the following:
- MAP5606 - Differential Equations for Financial Mathematics (3)
- MAP5612 - Computational Methods for Financial Mathematics I (3)
- MAP5641 - Financial Mathematics I (3)
- MAP5931 - Proseminar for Financial Mathematics (1)
- MAP5933 - Seminar in Financial Mathematics (2)
- MAP6616 - Computational Methods for Financial Mathematics II (3)
- MAP6642 - Financial Mathematics II (3)
- MAP6646 - Risk Management for Financial Mathematics (3)
Restricted Electives
6 Total Credits
- Complete at least 2 of the following:
- FIN6406 - Strategic Financial Management (3)
- FIN6515 - Analysis of Investment Opportunities (3)
- MAP6207 - Optimization Theory (3)
- STA6857 - Applied Time Series Analysis (3)
- STA5703 - Data Mining Methodology I (3)
- STA5825 - Stochastic Processes and Applied Probability Theory (3)
Experiential Requirement
3 Total Credits
- Earn at least 3 credits from the following types of courses: Students will demonstrate experience in the application of mathematics to industrial problems. This demonstration can be accomplished either through the satisfactory completion of an internship in financial mathematics (MAP 6946), or through satisfactory performance at an approved external/internal workshop in financial mathematics (MAP 6946). Students are required as part of the experiential requirement to deliver an oral presentation on the experience. Students are very strongly encouraged to fulfill this requirement through an internship experience.
Grand Total Credits: 30
Application Requirements
For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Admissions section of the Graduate Catalog. Applicants must apply online. All requested materials must be submitted by the established deadline.
In addition to the general UCF graduate application requirements, applicants to this program must provide:
- One official transcript (in a sealed envelope) from each college/university attended.
- Official, competitive GRE score taken within the last five years.
- Working knowledge of undergraduate calculus, differential equations, linear algebra (or matrix theory), proficiency in a modern computer language, elementary probability, and statistics.
Students who are not adequately prepared in one or more of the required prerequisite subject areas can make up such deficiencies through a summer remedial program. Such courses, unless specially approved, will not count toward the graduate degree. Applicants not qualified for regular status may be admitted initially to the university in a non-degree seeking status. Transfer of credits from other programs will be considered on a course-by-course basis.
Meeting minimum UCF admission criteria does not guarantee program admission. Final admission is based on evaluation of the applicant's abilities, past performance, recommendations, match of this program and faculty expertise to the applicant's career/academic goals, and the applicant's potential for completing the degree.
Financial Information
Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.
Fellowship Information
Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student's graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.
