Five-Quarter Track

Five-Quarter Track 

Full-time students following the five-quarter track complete the Financial Mathematics curriculum in five quarters, or 15 months. All students, whether full or part-time, begin the Program in the first autumn quarter.  Part-time students, on average, complete the Program in two to three academic years.  The Program must be completed within four academic years.

Courses are distributed as follows* 

Quarter

Required Courses

Electives

Autumn Q1

100 unit courses

Mathematical Foundations of Option Pricing

Computing for Finance in Python (counts toward computing requirement)

50 unit course

Introduction to Finance and Markets (possible to test out through placement exam; cannot be taken for elective credit)

Portfolio Theory and Risk Management I

Probability for Risk Management

0 unit course

Career Seminar

25 unit elective

Financial Mathematics Practicum**

Winter Q2

100 unit courses

Stochastic Calculus

Numerical Methods

Computing for Finance in C++ (possible to test out through placement exam; counts toward computing requirement)

50 unit courses 

Portfolio Theory and Risk Management II

50 unit elective

Project Lab**

25 unit elective

Financial Mathematics Practicum**

Spring Q3

100 unit courses

Regression Analysis and Quantitative Trading Strategies

Fixed Income Derivatives

Advanced Computing for Finance (counts toward computing requirement)

50 unit course

Foreign Exchange: Markets, Products, and Pricing 

100 unit elective

Analysis of Financial Time Series @ Chicago Booth

50 unit elective

Project Lab**

25 unit elective

Financial Mathematics Practicum**

Summer Q4

 

50 unit elective

Introduction to HPC in Finance

Project Lab**

25 unit elective

Financial Mathematics Practicum**

Autumn Q5

 

100 unit electives

Multivariate Data Analysis via Matrix Decompositions

Case Studies in Computing for Finance (can count toward computing requirement)

Topics in Economics

Machine Learning in Finance (can count toward computing requirement)

50 unit electives

Statistical Inference for Risk Management

Mathematical Market Microstructure: An Optimization Approach

Mathematical Market Microstructure without Rationality Assumptions

Applied Algorithmic Trading

Regulatory and Compliance Requirements for Financial Institutions

Project Lab**

25 unit elective

Financial Mathematics Practicum**

The minimum number of units to complete the degree is 1350, which may be reduced to 1200. The precise requirements depend on results of placement exams and immigration status.

Students take all required courses, plus 300 elective units.

*Please note that course listings in the above curriculum are subject to change.

**Students are not allowed to enroll in Financial Mathematics Practicum and Project Lab simultaneously in any quarter.