What is the benefit of pursuing a degree in financial mathematics?
There are a variety of masters programs in financial mathematics at pioneering institutions such as the University of Chicago, New York University, Columbia University and Carnegie Mellon. The programs teach the key mathematical, statistical and computational methods of financial engineering along with financial theory and practical courses about financial markets and financial instruments. These programs are relatively new, but have been successful in placing students in a variety of positions – including trading, risk management, portfolio management and quantitative analyst positions – at top tier financial institutions around the world. A typical financial mathematics program will offer courses in pure and applied mathematics including areas from partial differential equations, probability theory including stochastic processes and stochastic differential equations, computational techniques including scientific computing and advanced computational methods for finance and a series of
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