Applied Mathematics (BS): Financial Mathematics Concentration
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
Code | Title | Hours | Counts towards |
---|---|---|---|
Orientation | |||
COS 100 | Science 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 101 | Academic Writing and Research ^{1} | 4 | |
Basic Mathematics ^{4} | |||
MA 141 | Calculus I ^{1} | 4 | |
MA 241 | Calculus II ^{1} | 4 | |
MA 242 | Calculus III ^{1} | 4 | |
MA 225 | Foundations of Advanced Mathematics ^{1} | 3 | |
MA 341 | Applied Differential Equations I ^{1} | 3 | |
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 ^{1} | 4 | ||
Statistics Electives ^{1} | 6 | ||
Select one of the following Introduction to Programming courses: ^{1} | 3 | ||
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 401 | Applied Differential Equations II ^{1} | 3 | |
or MA 501 | Advanced Mathematics for Engineers and Scientists I | ||
MA 405 | Introduction to Linear Algebra ^{1} | 3 | |
MA 407 | Introduction to Modern Algebra for Mathematics Majors ^{1} | 3 | |
MA 425 | Mathematical Analysis I ^{1} | 3 | |
Financial Math Electives ^{1} | 6 | ||
MA 421 | Introduction to Probability | 3 | |
Math Electives ^{1} | 6 | ||
Major Paper Co-Requirement (verify requirement) ^{2} | |||
Advised Electives | |||
Advised Electives ^{2} | 12 | ||
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 201 | Principles of Microeconomics | 3 | |
or EC 205 | Fundamentals of Economics | ||
EC 301 | Intermediate Microeconomics | 3 | |
EC 302 | Intermediate Macroeconomics | 3 | |
ST 307 | Introduction to Statistical Programming- SAS | 1 | |
ST 308 | Introduction to Statistical Programming - R | 1 | |
GEP Courses | |||
GEP Humanities | 6 | ||
GEP Social Sciences | 3 | ||
GEP Health and Exercise Studies | 2 | ||
GEP US Diversity, Equity, and Inclusion | 3 | ||
GEP Interdisciplinary Perspectives | 5 | ||
GEP Global Knowledge (verify requirement) | |||
World Language Proficiency (verify requirement) | |||
Free Electives | |||
Free Electives (12 Hr S/U Lmt) ^{2,3} | 5 | ||
Total Hours | 120 |
- ^{ 1 }
A grade of C- or higher is required.
- ^{ 2 }
Students should consult their academic advisors to determine which courses fill this requirement.
- ^{ 3 }
Free electives courses cannot be MA 100, MA 101, MA 103, MA 107, MA 108, MA 111, MA 121, MA 131, MA 231, PY 131, PY 211, PY 212, ENG 100, 100-level World Language Course (WL*).
- ^{ 4 }
No grade below a C- is permitted
Basic Science Electives
Code | Title | Hours | Counts towards |
---|---|---|---|
BIO 181 | Introductory Biology: Ecology, Evolution, and Biodiversity | 4 | |
BIO 183 | Introductory Biology: Cellular and Molecular Biology | 4 | |
CH 201 & CH 202 | Chemistry - A Quantitative Science and Quantitative Chemistry Laboratory | 4 | |
PY 202 | University Physics II | 4 | |
PY 208 & PY 209 | Physics for Engineers and Scientists II and Physics for Engineers and Scientists II Laboratory | 4 |
Statistics Electives
Code | Title | Hours | Counts towards |
---|---|---|---|
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 | and Introduction to Mathematical Statistics II | 3 | |
Statistics Sequence 3 | |||
ST 370 & ST 422 | Probability and Statistics for Engineers and Introduction to Mathematical Statistics II | 6 |
Financial Math Electives
Code | Title | Hours | Counts towards |
---|---|---|---|
FIM 548 | Monte Carlo Methods for Financial Math | 3 | |
FIM 549 | Financial Risk Analysis | 3 | |
MA 412 | Long-Term Actuarial Models | 3 | |
MA 413 | Short-Term Actuarial Models | 3 | |
MA 540 | Uncertainty Quantification for Physical and Biological Models | 3 | |
MA 546 | Probability and Stochastic Processes I | 3 | |
MA 547 | Stochastic Calculus for Finance | 3 | |
MA 548 | Monte Carlo Methods for Financial Math | 3 | |
MA 549 | Financial Risk Analysis | 3 | |
ST 412 | Long-Term Actuarial Models | 3 | |
ST 413 | Short-Term Actuarial Models | 3 | |
ST 546 | Probability and Stochastic Processes I | 3 |
Math Electives
Code | Title | Hours | Counts towards |
---|---|---|---|
CSC 427 | Introduction to Numerical Analysis I | 3 | |
CSC 428 | Introduction to Numerical Analysis II | 3 | |
ISE 505 | Linear Programming | 3 | |
MA 402 | Mathematics of Scientific Computing | 3 | |
MA 426 | Mathematical Analysis II | 3 | |
MA 427 | Introduction to Numerical Analysis I | 3 | |
MA 428 | Introduction to Numerical Analysis II | 3 | |
MA 505 | Linear Programming | 3 | |
OR 505 | Linear Programming | 3 |
Major Paper Co-Requirement
Code | Title | Hours | Counts towards |
---|---|---|---|
CSC 427 | Introduction to Numerical Analysis I | 3 | |
CSC 428 | Introduction to Numerical Analysis II | 3 | |
MA 402 | Mathematics of Scientific Computing | 3 | |
MA 427 | Introduction to Numerical Analysis I | 3 | |
MA 428 | Introduction to Numerical Analysis II | 3 | |
MA 491 | Reading in Honors Mathematics | 1-6 | |
MA 494 | Major Paper in Mathematics | 1 |
Semester Sequence
This is a sample.
First Year | ||
---|---|---|
Fall Semester | Hours | |
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 |
Hours | 16 | |
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 | |
Hours | 15 | |
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 | |
Hours | 15 | |
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 | |
Hours | 15 | |
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 | |
Hours | 16 | |
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 | |
Hours | 14 | |
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 | |
Hours | 14 | |
Spring Semester | ||
MA 413 | Short-Term Actuarial Models | 3 |
Advised Electives | 6 | |
MA 407 | Introduction to Modern Algebra for Mathematics Majors | 3 |
GEP US Diversity, Equity, and Inclusion | 3 | |
Hours | 15 | |
Total Hours | 120 |
Career Opportunities
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