¸£Àû±ÆÕ¾

¸£Àû±ÆÕ¾ Catalog 2025-2026

Applied Mathematics (BS): Financial Mathematics Concentration

The B.S in Applied Mathematics with a Financial Mathematics Concentration is a refinement of the B.S in Applied Mathematics degree. This program prepares students for careers in financial mathematics, actuarial science and portfolio management.

For more information about this program visit our .

Department of Mathematics
North Carolina State ¸£Àû±ÆÕ¾
Campus Box 8205
Raleigh, NC 27695

Dr. Alina Duca
Teaching Professor and Director of Undergraduate Programs in Mathematics
SAS Hall 2108B
919.515.1875
anduca@ncsu.edu

Plan Requirements

Orientation
°ä°¿³§Ìý100Science of Change (Verify Requirement)0
´Ç°ùÌý·¡Ìý115 Introduction to Computing Environments
Advanced Writing
Select one of the following Advanced Writing courses:3
Communication for Engineering and Technology
Communication for Business and Management
Communication for Science and Research
·¡±·³ÒÌý101Academic Writing and Research 14
Basic Mathematics 4
²Ñ´¡Ìý141Calculus I 14
²Ñ´¡Ìý241Calculus II 14
²Ñ´¡Ìý242Calculus III 14
²Ñ´¡Ìý225Foundations of Advanced Mathematics 13
²Ñ´¡Ìý341Applied Differential Equations I 13
Basic Science
°ä±áÌý101
&²¹³¾±è;Ìý°ä±áÌý102
Chemistry - A Molecular Science
and General Chemistry Laboratory 1
4
±Ê³ÛÌý205
&²¹³¾±è;Ìý±Ê³ÛÌý206
Physics for Engineers and Scientists I
and Physics for Engineers and Scientists I Laboratory
4
´Ç°ùÌý±Ê³ÛÌý201 ¸£Àû±ÆÕ¾ Physics I
Basic Science Elective 14
Statistics Electives 16
Select one of the following Introduction to Programming courses: 13
Introduction to Computing: Python
Introduction to Computing-FORTRAN
Introduction to Computing - MATLAB
Introduction to Computing - Java
Introduction to Scientific Programming (Math)
Statistical Programming
Advanced Mathematics 4
²Ñ´¡Ìý401Applied Differential Equations II 13
´Ç°ùÌý²Ñ´¡Ìý501 Advanced Mathematics for Engineers and Scientists I
²Ñ´¡Ìý405Introduction to Linear Algebra 13
²Ñ´¡Ìý407Introduction to Modern Algebra for Mathematics Majors 13
²Ñ´¡Ìý425Mathematical Analysis I 13
Financial Math Electives 16
²Ñ´¡Ìý421Introduction to Probability3
Math Electives 16
Major Paper Co-Requirement (verify requirement) 2
Advised Electives
Advised Electives 212
Advised electives are ST, ACC, or EC courses at 300-level or above designed to allow students to concentrate in a specific area related to their academic goals. Courses used to fulfill this requirement should use advanced mathematical tools and are selected by students after consultation and approval by their advisors or the Director of the Undergraduate Program. At least one course must be chosen from the Major Paper course list.
Concentration Requirements
·¡°äÌý201Principles of Microeconomics3
´Ç°ùÌý·¡°äÌý205 Fundamentals of Economics
·¡°äÌý301Intermediate Microeconomics3
·¡°äÌý302Intermediate Macroeconomics3
³§°ÕÌý307Introduction to Statistical Programming- SAS1
³§°ÕÌý308Introduction to Statistical Programming - R1
GEP Courses
GEP Humanities6
GEP Social Sciences3
GEP Health and Exercise Studies2
GEP Elective3
GEP Interdisciplinary Perspectives5
GEP Global Knowledge (verify requirement)
GEP Foundations of American Democracy (verify requirement)
World Language Proficiency (verify requirement)
Free Electives
Free Electives (12 Hr S/U Lmt) 2,35
Total Hours120
1

A grade of C- or higher is required.

2

Students should consult their academic advisors to determine which courses fill this requirement.

3

Free electives courses cannot be MA 100, MA 101, MA 103, MA 107, MA 108, MA 111, MA 121, MA 131, MA 231, PY 131, PY 211, PY 212, ENG 100, 100-level World Language Course (WL*).

4

No grade below a C- is permitted

Basic Science ElectivesÌý

µþ±õ°¿Ìý181Introductory Biology: Ecology, Evolution, and Biodiversity4
µþ±õ°¿Ìý183Introductory Biology: Cellular and Molecular Biology4
°ä±áÌý201
&²¹³¾±è;Ìý°ä±áÌý202
Chemistry - A Quantitative Science
and Quantitative Chemistry Laboratory
4
±Ê³ÛÌý202¸£Àû±ÆÕ¾ Physics II4
±Ê³ÛÌý208
&²¹³¾±è;Ìý±Ê³ÛÌý209
Physics for Engineers and Scientists II
and Physics for Engineers and Scientists II Laboratory
4

Statistics Electives

Statistics Sequence 1
³§°ÕÌý371
&²¹³¾±è;Ìý³§°ÕÌý372
Introduction to Probability and Distribution Theory
and Introduction to Statistical Inference and Regression
6
Statistics Sequence 2
³§°ÕÌý305
&²¹³¾±è;Ìý³§°ÕÌý422

and Introduction to Mathematical Statistics II
3
Statistics Sequence 3
³§°ÕÌý370
&²¹³¾±è;Ìý³§°ÕÌý422
Probability and Statistics for Engineers
and Introduction to Mathematical Statistics II
6

Financial Math Electives

¹ó±õ²ÑÌý548Monte Carlo Methods for Financial Math3
¹ó±õ²ÑÌý549Financial Risk Analysis3
²Ñ´¡Ìý412Long-Term Actuarial Models3
²Ñ´¡Ìý413Short-Term Actuarial Models3
²Ñ´¡Ìý540Uncertainty Quantification for Physical and Biological Models3
²Ñ´¡Ìý546Probability and Stochastic Processes I3
²Ñ´¡Ìý547Stochastic Calculus for Finance3
²Ñ´¡Ìý548Monte Carlo Methods for Financial Math3
²Ñ´¡Ìý549Financial Risk Analysis3
³§°ÕÌý412Long-Term Actuarial Models3
³§°ÕÌý413Short-Term Actuarial Models3
³§°ÕÌý546Probability and Stochastic Processes I3

Math Electives

°ä³§°äÌý427Introduction to Numerical Analysis I3
°ä³§°äÌý428Introduction to Numerical Analysis II3
±õ³§·¡Ìý505Linear Programming3
²Ñ´¡Ìý402Mathematics of Scientific Computing3
²Ñ´¡Ìý426Mathematical Analysis II3
²Ñ´¡Ìý427Introduction to Numerical Analysis I3
²Ñ´¡Ìý428Introduction to Numerical Analysis II3
²Ñ´¡Ìý505Linear Programming3
°¿¸éÌý505Linear Programming3

Major Paper Co-Requirement

°ä³§°äÌý427Introduction to Numerical Analysis I3
°ä³§°äÌý428Introduction to Numerical Analysis II3
²Ñ´¡Ìý402Mathematics of Scientific Computing3
²Ñ´¡Ìý427Introduction to Numerical Analysis I3
²Ñ´¡Ìý428Introduction to Numerical Analysis II3
²Ñ´¡Ìý491Reading in Honors Mathematics1-6
²Ñ´¡Ìý494Major Paper in Mathematics1

Semester Sequence

This is a sample.

Plan of Study Grid
First Year
Fall SemesterHours
²Ñ´¡Ìý141 Calculus I 4
°ä°¿³§Ìý100 Science of Change 2
GEP Humanities 3
°ä±áÌý101 Chemistry - A Molecular Science 3
°ä±áÌý102 General Chemistry Laboratory 1
·¡°äÌý205 Fundamentals of Economics 3
ÌýHours16
Spring Semester
²Ñ´¡Ìý241 Calculus II 4
GEP Health and Exercise Studies 1
·¡±·³ÒÌý101 Academic Writing and Research 4
Introduction to Programming Elective 3
Select one of the following: 3
ÌýHours15
Second Year
Fall Semester
²Ñ´¡Ìý242 Calculus III 4
²Ñ´¡Ìý225 Foundations of Advanced Mathematics 3
±Ê³ÛÌý205 Physics for Engineers and Scientists I 3
±Ê³ÛÌý206 Physics for Engineers and Scientists I Laboratory 1
Free Electives 3
GEP Health and Exercise Studies 1
ÌýHours15
Spring Semester
²Ñ´¡Ìý341 Applied Differential Equations I 3
²Ñ´¡Ìý405 Introduction to Linear Algebra 3
³§°ÕÌý371 Introduction to Probability and Distribution Theory 3
·¡°äÌý301 Intermediate Microeconomics 3
Select one of the following: 3
ÌýHours15
Third Year
Fall Semester
²Ñ´¡Ìý401 Applied Differential Equations II 3
²Ñ´¡Ìý421 Introduction to Probability 3
·¡°äÌý302 Intermediate Macroeconomics 3
³§°ÕÌý372 Introduction to Statistical Inference and Regression 3
³§°ÕÌý307 Introduction to Statistical Programming- SAS 1
Advised Electives 3
ÌýHours16
Spring Semester
Advised Electived 3
²Ñ´¡Ìý402 Mathematics of Scientific Computing 3
³§°ÕÌý308 Introduction to Statistical Programming - R 1
·¡±·³ÒÌý332 Communication for Business and Management 3
Basic Science Elective 4
ÌýHours14
Fourth Year
Fall Semester
²Ñ´¡Ìý412 Long-Term Actuarial Models 3
Advised Electives 3
GEP Interdisciplinary Perspectives 3
²Ñ´¡Ìý425 Mathematical Analysis I 3
Free Elective 2
ÌýHours14
Spring Semester
²Ñ´¡Ìý413 Short-Term Actuarial Models 3
Advised Electives 6
²Ñ´¡Ìý407 Introduction to Modern Algebra for Mathematics Majors 3
GEP Elective 3
ÌýHours15
ÌýTotal Hours120

Career Opportunities

Career Titles

  • Actuary
  • Architectural Drafters
  • Astronomer
  • Biophysicist
  • Computer and Information Scientists
  • Computer Programmer
  • Computer Systems Analyst
  • Computer Systems Engineer
  • Database Administrator
  • Economist
  • Elementary School Teacher
  • Employee Benefits Analyst
  • Epidemiologists
  • Financial Analyst
  • Financial Planner
  • High School Teacher
  • Insurance Claim Examiner
  • Insurance Underwriter
  • Market Research Analyst
  • Materials Scientist
  • Math Professor
  • Mathematician
  • Meteorologist
  • Middle School Teacher
  • Operations Research Analyst
  • Physicist
  • Software Developers - Applications
  • Statistician

Learn More About Careers


Explore North Carolina’s central online resource for students, parents, educators, job seekers and career counselors looking for high quality job and career information.


Browse the Occupational Outlook Handbook published by the Bureau of Labor Statistics to view state and area employment and wage statistics. You can also identify and compare similar occupations based on your interests.


View videos that provide career details and information on wages, employment trends, skills needed, and more for any occupation. Sponsored by the U.S. Department of Labor.

(NC State student email address required)
This career, major and education planning system is available to current NC State students to learn about how your values, interests, competencies, and personality fit into the NC State majors and your future career. An NC State email address is required to create an account. Make an appointment with your to discuss the results.

(Available to prospective students)
A career assessment tool designed to support prospective students in exploring and choosing the right major and career path based on your unique personality, interests, skills and values. Get started with Focus 2 Apply and see how it can guide your journey at NC State.