Nov 18, 2019  
School of Graduate Studies Calendar, 2019-2020 
    
School of Graduate Studies Calendar, 2019-2020

Financial Math, MFM


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Admission Requirements


  • an Honours Bachelor degree in a quantitative subject, such as mathematics, statistics, physics, computer science, or engineering;
  • interest in a career in finance;
  • for graduates of mathematics or statistics, a minimum B+ average across their level 3 and 4 undergraduate mathematics and statistics courses, or the equivalent standardfrom another university. Mathematics graduates are expected to have taken real analysis at level 3 or higher. For other graduates, comparable results in level 2,3 and 4 quantitative courses plus complementary achievement in their chosen specialization. For instance, engineering candidates are expected to have studied PDEs and/or a course with notable theoretical mathematics. Physicists are expected to have taken courses where they have studied stochastic processes. All applicants must meet the Level 4 requirements of the School of Graduate Studies.
  • for non-native English speakers, evidence of fluency from either TOEFL or IELTS. For TOEFL, a minimum score of 92 (iBT), 580 (paper), or 237 (computer test) is required. For IELTS the requirement is a minimum overall score of 6.5 and a minimum of 5.5 in each section of the Academic test.
  • two letters of reference from academic mentors;
  • evidence of communication and interpersonal skills, and the ability to work effectively in the North American business culture;
  • other evidence of leadership, analytical expertise, industry experience, or other marketable job skills.

Program Requirements


The duration of this program is normally 12 months. The candidate must complete the following graduate courses:


MFM 701 / Foundations of Financial Mathematics  
MFM 702 / Risk and Financial Markets  
MFM 703 / Computational Finance I  
MFM 704 / Statistics of Financial Data  
MFM 711 / Portfolio Theory and Optimization  
MFM 712 / Credit Risk Modeling  
MFM 713 / Computational Finance II  
MFM 714 / Topics in Risk Management  
MFM 720 / Financial Mathematics Industrial Project  

In addition, candidates will be expected to participate in all officially conducted nonassessed activities such as program field trips and training modules.

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