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BSc Honours in Mathematical Finance

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.

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