University of Southern California

Program Information

Degree Offered

M.S.- Mathematical Finance

Format: Campus

Program Description:

Master of Science in Mathematical Finance

The objective of this Master of Science program is to produce graduates with a rigorous foundation in the economic theory and mathematical modeling of financial markets. The program creates an integrated curriculum spanning four disciplines: economics, mathematics, econometrics/statistics and computational/numerical analysis. The program is designed for recent graduates in the fields of applied mathematics, physics and engineering - or for graduates in economics, business and finance with strong mathematical backgrounds - who wish to pursue high-tech finance careers in financial institutions, industry or government.

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Accreditation:

A program that can meet the needs of the new environment is indeed demanding: students must acquire a good mathematical knowledge of stochastic processes, a good knowledge of numerical analysis and computation, plus a good understanding of the structure, functioning and modeling of financial markets. It is with this in mind that the MS degree in Mathematical Finance was created as a joint Program between the Economics and Mathematics Departments at USC. The objective of the Program is to produce graduates with a rigorous foundation in the economic theory and mathematical modeling of financial markets.

Eligibility Requirements:

Refer to the USC Requirements for Graduation section and the Graduate School section of the USC catalogue for general regulations.

All applicants must take the GRE General Test.

Complete transcripts of undergraduate and any graduate courses are required, as well as a statement of purpose and three recommendation letters.

A substantial undergraduate background in mathematics is required, which should include one semester of real analysis or advanced calculus, one semester of linear algebra, and one semester of advanced probability/statistics.

Candidates with weaker backgrounds may be required to take mathematics classes prior to admission in the program.

An undergraduate knowledge of microeconomics, macroeconomics and partial differential equations is helpful, although it is not required for admission.

Some experience in MATLAB and C/C++ programming is also helpful.

International Student Requirements:

There are no foreign language requirements.

Tuition & Financial Aid

Financial Aid Offered: No

Classification: Doctoral/Research Universities - Extensive

Institution Sector: Private not-for-profit

Locale: Large City

Size & Settings: 20,000 and above