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New Mexico State University
College of Arts and Sciences
Department of Mathematical Sciences

Professional Master in Financial Mathematics

Intro

The Professional Master in Financial Mathematics Program prepares students for successful careers in the financial industry including banks, insurance companies, investment and securities firms. The program provides students with a solid mathematics and statistics background complemented by studies in financial management and financial mathematics including sophisticated problems directly originating from the financial industry. Financial Mathematicians are expected to work in financial product development and pricing, risk management, portfolio management. Potential employers include not only financial institutions but also energy and other companies, utilities and corporations with exposure to exchange rate or commodities risk, specifically: Money center banks, Securities firms, Insurance companies, Investment companies, Energy companies and utilities and Multinationals among other.

This program is designed for:

  1. Students who are already in the profession.
  2. Students majoring in Sciences or Engineering who want to prepare for the profession with an interdisciplinary graduate degree.
  3. Students majoring in Business or Mathematics who want to complete a graduate program involving both disciplines.

Applicants should have a good working knowledge of Calculus, Linear Algebra, Elementary Differential Equations, Probability, Statistics and Finance. Some facility with a programming language such as C, C++, S-PLUS or SAS is also recommended.

Curriculum: number of credits: 30.

Core courses:

  1. MATH 521: Financial Mathematics I
  2. MATH 522: Financial Mathematics II
  3. MATH 577: Numerical Analysis
  4. FIN 511: Financial Futures Markets
  5. FIN 535: Investment Concepts
  6. FIN 545: Money and Capital Markets
  7. STAT 525: Statistics: Theory and Applications
  8. MATH 518: Fourier Series and Boundary Value Problems
  9. STAT 535. Elementary Stochastic Processes
  10. Elective course: FIN 590: Financial Markets: Structure and Trading, or any FIN course numbered 500 and above with consent of advisor, or MATH 523: Numerical Optimization and Applications to Financial Mathematics.