The Degree of Master of Science in Financial Mathematics

The purpose of the MS program in Financial Mathematics is to prepare students for an in-depth application of Mathematics and Probability in decision-making processes as a financial anlalyst or brokerage consultant.

Admission Requirements
In addition to the general graduate admission requirement set by NDU- Louaize graduate school, applicants to this program should have:
1. A minimum GPA of 3.0 or its equivalent from a non american undergraduate program
2. An interview to determine qualifications for the program

Graduation Requirements
To satisfy the requirements for the degree of Master of Science in Mathematics, the student must complete a total of 33 credits with an overall average of at least 3.0/4.0.

Core and Major Requirements (18 credits):

  1. MAT 670 (Measure and Probability)  (3 cr.)
  2. STA 663 (Time Series Analysis)  (3 cr.)
  3. STA 664 (Methods of Statistical Inference)  (3 cr.)
  4. FMA 640 (Advanced Financial Mathematics)  (3 cr.)
  5. FMA 645 (Computational Financial Mathematics)  (3 cr.)
  6. FMA 650 (Stochastic Calculus)  (3 cr.)

Elective Requirements  (9 credits from the following pool):

  1. BAF 602 (Managerial Finance)  (3 cr.)
  2. BAF 606 (Asset Pricing)  (3 cr.)
  3. BAF 610 (Derivatives)  (3 cr.)
  4. FMA 665 (Risk Theory) (3 cr.)
  5. FMA 670 (Optimization Methods)  (3 cr.)
  6. FMA 675 (Discrete-Time Financial Modelling)  (3 cr.)
  7. FMA 677 (Continuous-Time Financial Modelling)  (3 cr.)
  8. FMA 683 (Directed Reading)  (3 cr.)
  9. FMA 685 (Selected Topics in Financial Mathematics)(3 cr.)

Thesis Requirements (6 credits):

  1. FMA 691 (Master Thesis I)  (3 cr.)
  2. FMA 692 (Master Thesis II) (3 cr.)