Offered by the Department of Mathematics
The programme that leads to the BSc Honours Degree with Academic Orientation (Mathematical Finance) is designed to provide theoretical, practical and professional knowledge in the field of finance and actuarial sciences. The programme aims to equip students with the skills needed for doing comprehensive quantitative analysis of financial products and markets.
During the final year, students will have the opportunity to apply academic knowledge and skills in diverse state and corporate sector settings via Internship Program. Graduate careers include banking, insurance, actuaries, and more.
Intended Learning Outcomes
At the end of the 04 years (SLQF Level 6) BSc Honours in Mathematical Finance (Research Orientation) holders should be able to:
- demonstrate thorough and systematic understanding of advanced concepts in Mathematical Finance.
- demonstrate practical skills in Mathematical Finance and related disciplines, through the use of established techniques and development of new techniques.
- develop hypotheses, construct and sustain arguments in the context of research and investigation.
- eloquently communicate & disseminate knowledge, information and ideas to finance / actuarial specialist and non- specialist audiences.
- practice professionalism and uphold ethical standards.
- function independently as well as interdependently.
- demonstrate leadership skills.
- express emotional and intellectual maturity in a global setting.
- prepared to carry out independent and further learning.
Coordinator
Entry Requirements
Eligibility: GPA of 3.30 for PM and MS (offered by Department of Mathematics) core courses and GPA of 3.30 for all FM courses.
Selection: Total weighted mark obtained for FM and PM courses taken together.
Course Modules
(L – No. of Lecture hours, P – No. of Practical hours, O – Optional, X – Compulsory)
Level 3
| Semester | Pre-Requisite | Course Code | Title | No. of Credits | No. of Hours | |
|---|---|---|---|---|---|---|
| Semester I | AM 2015 | AM 3035 | Discrete Applied Mathematics | 3C | 30L 30P | O |
| Semester I | PM 3033 | Real Analysis I | 3C | 45L | X | |
| Semester I | FM 1012 | FM 3031 | Mathematical Methods for Finance II | 3C | 30L 30P | X |
| Semester I | FM 3032 | Quantitative Finance | 3C | 45L | X | |
| Semester I | FM 2011 | FM 3034 | Financial Mathematics III | 2C | 20L 20P | X |
| Semester I | FM 3012 | Economics I for Finance and Insurance | 3C | 45L | O | |
| Semester II | AM 3034 | Distribution & Random Number Theory | 3C | 30L 30P | O | |
| Semester II | PM 3034 | Real Analysis II | 3C | 45L | X | |
| Semester II | FM 2013 | FM 3033 | Actuarial Mathematics II | 3C | 45L | X |
| Semester II | FM 3035 | Game Theory and Decision Theory | 3C | 30L 30P | X | |
| Semester II | FM 3036 | Computational Financial Modeling I | 4C | 120P | X | |
| EC 3031 | Community Service | 4C | 120P | X |
Level 4
| Semester | Pre-Requisite | Course Code | Title | No. of Credits | No. of Hours | |
|---|---|---|---|---|---|---|
| Semester I | AM 4032 | Advance Optimization | 3C | 45L | O | |
| Semester I | AM 4033 | Non- Linear Programming | 3C | 90P | O | |
| Semester I | ST 4031 | Stochastic Processes and Applications | 3C | 45L | O | |
| Semester I | FM 3012 | FM 4007 | Economics II for Finance and Insurance | 3C | 45L | O |
| Semester I | FM 4031 | Financial Mathematics Research Project | 8C | 240P | X | |
| Semester I | FM 3033 | FM 4032 | Actuarial Mathematics III | 3C | 45L | X |
| Semester II | AM 4037 | Applied Functional Analysis | 3C | 45L | X | |
| Semester II | AM 4038 | Stochastic Calculus | 3C | 30L 30P | O | |
| Semester II | FM 4033 | Actuarial Mathematics IV | 3C | 30L 30P | X | |
| Semester II | FM 4034 | Computational Financial Modeling II | 4C | 120P | X | |
| EC 4031 | Industrial Training | 4C | 120P | O |