Applied Mathematics (BS): Financial Mathematics Concentration

To see more about what you will learn in this program, visit the Learning Outcomes website!

The B.S in Applied Mathematics with a Financial Mathematics Concentration is a refinement of the B.S in Applied Mathematics degree. This program prepares students for careers in financial mathematics, actuarial science and portfolio management.

For more information about this program visit our website.

Department of Mathematics
North Carolina State University
Campus Box 8205
Raleigh, NC 27695

Dr. Alina Duca
Teaching Professor and Director of Undergraduate Programs in Mathematics
SAS Hall 2108B
919.515.1875
anduca@ncsu.edu

Plan Requirements

Orientation
COS 100Science of Change (Verify Requirement)0
or E 115 Introduction to Computing Environments
Advanced Writing
Select one of the following Advanced Writing courses:3
Communication for Engineering and Technology
Communication for Business and Management
Communication for Science and Research
ENG 101Academic Writing and Research 14
Basic Mathematics 4
MA 141Calculus I 14
MA 241Calculus II 14
MA 242Calculus III 14
MA 225Foundations of Advanced Mathematics 13
MA 341Applied Differential Equations I 13
Basic Science
CH 101
CH 102
Chemistry - A Molecular Science
and General Chemistry Laboratory 1
4
PY 205
PY 206
Physics for Engineers and Scientists I
and Physics for Engineers and Scientists I Laboratory
4
or PY 201 University Physics I
Basic Science Elective 14
Statistics Electives 16
Select one of the following Introduction to Programming courses: 13
Introduction to Computing: Python
Introduction to Computing-FORTRAN
Introduction to Computing - MATLAB
Introduction to Computing - Java
Introduction to Scientific Programming (Math)
Statistical Programming
Advanced Mathematics 4
MA 401Applied Differential Equations II 13
or MA 501 Advanced Mathematics for Engineers and Scientists I
MA 405Introduction to Linear Algebra 13
MA 407Introduction to Modern Algebra for Mathematics Majors 13
MA 425Mathematical Analysis I 13
Financial Math Electives 16
MA 421Introduction to Probability3
Math Electives 16
Major Paper Co-Requirement (verify requirement) 2
Advised Electives
Advised Electives 212
Advised electives are ST, ACC, or EC courses at 300-level or above designed to allow students to concentrate in a specific area related to their academic goals. Courses used to fulfill this requirement should use advanced mathematical tools and are selected by students after consultation and approval by their advisors or the Director of the Undergraduate Program. At least one course must be chosen from the Major Paper course list.
Concentration Requirements
EC 201Principles of Microeconomics3
or EC 205 Fundamentals of Economics
EC 301Intermediate Microeconomics3
EC 302Intermediate Macroeconomics3
ST 307Introduction to Statistical Programming- SAS1
ST 308Introduction to Statistical Programming - R1
GEP Courses
GEP Humanities6
GEP Social Sciences3
GEP Health and Exercise Studies2
GEP Additional Breadth (Humanities/Social Sciences/Visual and Performing Arts)3
GEP Interdisciplinary Perspectives5
GEP U.S. Diversity (verify requirement)
GEP Global Knowledge (verify requirement)
Foreign Language Proficiency (verify requirement)
Free Electives
Free Electives (12 Hr S/U Lmt) 2,35
Total Hours120

Basic Science Electives 

BIO 181Introductory Biology: Ecology, Evolution, and Biodiversity4
BIO 183Introductory Biology: Cellular and Molecular Biology4
CH 201
CH 202
Chemistry - A Quantitative Science
and Quantitative Chemistry Laboratory
4
PY 202University Physics II4
PY 208
PY 209
Physics for Engineers and Scientists II
and Physics for Engineers and Scientists II Laboratory
4

Statistics Electives

Statistics Sequence 1
ST 371
ST 372
Introduction to Probability and Distribution Theory
and Introduction to Statistical Inference and Regression
6
Statistics Sequence 2
ST 305
ST 422
Statistical Methods
and Introduction to Mathematical Statistics II
0
Statistics Sequence 3
ST 370
ST 422
Probability and Statistics for Engineers
and Introduction to Mathematical Statistics II
0

Financial Math Electives

FIM 548Monte Carlo Methods for Financial Math3
FIM 549Financial Risk Analysis3
MA 412Long-Term Actuarial Models3
MA 413Short-Term Actuarial Models3
MA 540Uncertainty Quantification for Physical and Biological Models3
MA 546Probability and Stochastic Processes I3
MA 547Stochastic Calculus for Finance3
MA 548Monte Carlo Methods for Financial Math3
MA 549Financial Risk Analysis3
ST 412Long-Term Actuarial Models3
ST 413Short-Term Actuarial Models3
ST 546Probability and Stochastic Processes I3

Math Electives

CSC 427Introduction to Numerical Analysis I3
CSC 428Introduction to Numerical Analysis II3
ISE 505Linear Programming3
MA 402Mathematics of Scientific Computing3
MA 426Mathematical Analysis II3
MA 427Introduction to Numerical Analysis I3
MA 428Introduction to Numerical Analysis II3
MA 505Linear Programming3
OR 505Linear Programming3

Major Paper Co-Requirement

CSC 427Introduction to Numerical Analysis I3
CSC 428Introduction to Numerical Analysis II3
MA 402Mathematics of Scientific Computing3
MA 427Introduction to Numerical Analysis I3
MA 428Introduction to Numerical Analysis II3
MA 491Reading in Honors Mathematics1-6
MA 494Major Paper in Math1

Semester Sequence

This is a sample.

Plan of Study Grid
First Year
Fall SemesterHours
MA 141 Calculus I 4
COS 100 Science of Change 2
GEP Humanities 3
CH 101 Chemistry - A Molecular Science 3
CH 102 General Chemistry Laboratory 1
EC 205 Fundamentals of Economics 3
 Hours16
Spring Semester
MA 241 Calculus II 4
GEP Health and Exercise Studies 1
ENG 101 Academic Writing and Research 4
Introduction to Programming Elective 3
Select one of the following: 3
 
 
 Hours15
Second Year
Fall Semester
MA 242 Calculus III 4
MA 225 Foundations of Advanced Mathematics 3
PY 205 Physics for Engineers and Scientists I 3
PY 206 Physics for Engineers and Scientists I Laboratory 1
Free Electives 3
GEP Health and Exercise Studies 1
 Hours15
Spring Semester
MA 341 Applied Differential Equations I 3
MA 405 Introduction to Linear Algebra 3
ST 371 Introduction to Probability and Distribution Theory 3
EC 301 Intermediate Microeconomics 3
Select one of the following: 3
 
 
 Hours15
Third Year
Fall Semester
MA 401 Applied Differential Equations II 3
MA 421 Introduction to Probability 3
EC 302 Intermediate Macroeconomics 3
ST 372 Introduction to Statistical Inference and Regression 3
ST 307 Introduction to Statistical Programming- SAS 1
Advised Electives 3
 Hours16
Spring Semester
Advised Electived 3
MA 402 Mathematics of Scientific Computing 3
ST 308 Introduction to Statistical Programming - R 1
ENG 332 Communication for Business and Management 3
Basic Science Elective 4
 Hours14
Fourth Year
Fall Semester
MA 412 Long-Term Actuarial Models 3
Advised Electives 3
GEP Interdisciplinary Perspectives 3
MA 425 Mathematical Analysis I 3
Free Elective 2
 Hours14
Spring Semester
MA 413 Short-Term Actuarial Models 3
Advised Electives 6
MA 407 Introduction to Modern Algebra for Mathematics Majors 3
GEP Additional Breadth (Humanities/Social Sciences/Visual and Performing Arts) 3
 Hours15
 Total Hours120