Five Quarter Track 2015-2016

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

Statistical Risk Management

Mathematical Foundations of Option Pricing

Computing for Finance I (possible to test out of course series through placement exam; cannot be taken for elective credits)

50 unit course

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

100 unit elective

Topics in Economics

25 unit elective

Financial Mathematics Practicum

Winter Q2

100 unit courses

Stochastic Calculus

Numerical Methods

Computing for Finance II (required if series is required; cannot be taken for elective credits)

50 unit courses 

Portfolio Theory and Risk Management I

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

Computing for Finance III (required if series is required; can be used toward elective credits)

50 unit course

Foreign Exchange and Fixed Income Derivatives

100 unit elective

Financial Time Series @ Chicago Booth

50 unit elective

Project Lab**

25 unit elective

Financial Mathematics Practicum**

Summer Q4

 

50 unit elective

Project Lab**

25 unit elective

Financial Mathematics Practicum**

Autumn Q5

 

100 unit electives

Case Studies of Implementations in Computational Finance

Data Analysis for Finance and Statistics

50 unit electives

Mathematical Market Microstructure: An Optimization Approach for Dynamic Inventory Management and Market Maker Quoting

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 required units for degree completion will be 1100, while the maximum required will be 1350. The precise requirements depend on results of placement exams and immigration status.

Students take all required courses, plus 350 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.