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 福利逼站
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
| Code | Title | Hours |
|---|---|---|
| Orientation | ||
| 颁翱厂听100 | Science of Change (Verify Requirement) 1 | 0 |
| 辞谤听贰听115 | Introduction to Computing Environments | |
| Communication and Advanced Writing | ||
| 贰狈骋听101 | Academic Writing and Research | 4 |
| Select one of the communication courses (Verify requirement): 1 | 0 | |
| Public Speaking | ||
| Interpersonal Communication | ||
| Argumentation and Advocacy | ||
| Language, Communication, and Culture | ||
| Select one of the following Advanced Writing courses: | 3 | |
| Communication for Engineering and Technology | ||
| Communication for Business and Management | ||
| Communication for Science and Research | ||
| Analysis of Scientific and Technical Writing | ||
| Basic Mathematics 4 | ||
| 惭础听141 | Calculus I 2 | 4 |
| 惭础听241 | Calculus II 2 | 4 |
| 惭础听242 | Calculus III | 4 |
| 惭础听225 | Foundations of Advanced Mathematics | 3 |
| 惭础听305 | Introduction to Linear Algebra and Matrices | 3 |
| 惭础听341 | Applied Differential Equations I | 3 |
| Basic Science 3 | ||
| Courses must be taken from two different disciplines | 8 | |
| Chemistry - A Molecular Science and General Chemistry Laboratory | ||
| General Chemistry I for Students in Chemical Sciences and General Chemistry Laboratory I for Students in Chemical Sciences | ||
| Physics for Engineers and Scientists I | ||
辞谤听笔驰听201 | 福利逼站 Physics I | |
| Introductory Biology: Ecology, Evolution, and Biodiversity | ||
| Introductory Biology: Cellular and Molecular Biology | ||
| Additional Basic Science | 4 | |
| Select one of the following options for the Statistics requirement: 3 | 6 | |
| Introduction to Probability and Distribution Theory and Introduction to Statistical Inference and Regression | ||
| Probability and Statistics for Engineers and Introduction to Mathematical Statistics II | ||
| Select one of the following Introduction to Programming courses: 3 | 3 | |
| Introduction to Computing and Data Science with AI - Python | ||
| Introduction to Computing-FORTRAN | ||
| Introduction to Computing - MATLAB | ||
| Introduction to Computing - Java | ||
| Introduction to Scientific Programming (Math) | ||
| Statistical Programming | ||
| Advanced Mathematics 5, 6 | ||
| 惭础听401 | Applied Differential Equations II | 3 |
| 辞谤听惭础听501 | Advanced Mathematics for Engineers and Scientists I | |
| 惭础听405 | Advanced Linear Algebra | 3 |
| 惭础听407 | Introduction to Modern Algebra for Mathematics Majors | 3 |
| 惭础听425 | Mathematical Analysis I | 3 |
| Financial Math Electives | 6 | |
| 惭础听421 | Introduction to Probability | 3 |
| Math Electives | 6 | |
| Select one of the following three options for the major paper requirement: | 0 | |
| Reading in Honors Mathematics | ||
| Major Paper in Mathematics | ||
| Independent Research in Mathematics | ||
| Advised Electives | ||
| Advised Electives | 9 | |
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 | ||
| 贰颁听201 | Principles of Microeconomics | 3 |
| 辞谤听贰颁听205 | Fundamentals of Economics | |
| 贰颁听301 | Intermediate Microeconomics | 3 |
| 贰颁听302 | Intermediate Macroeconomics | 3 |
| 厂罢听307 | Introduction to Statistical Programming- SAS | 1 |
| 厂罢听308 | Introduction to Statistical Programming - R | 1 |
| GEP Courses | ||
| GEP Humanities | 6 | |
| GEP Social Sciences | 3 | |
| GEP Health and Exercise Studies | 2 | |
| GEP Elective | 3 | |
| GEP Interdisciplinary Perspectives | 5 | |
| 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) 6 | 5 | |
| Total Hours | 120 | |
- *
Minimum 2.0 math GPA required for graduation.
- 1
The Orientation and Communication verify requirements are satisfied by some General Education Program courses which could double count for the degree.听
- 2
惭础听141 Calculus I听补苍诲 惭础听241 Calculus II must be completed with a grade of C or better.
- 3
At most one grade below a C- is permitted in Basic Science Electives (CH, PY, BIO). The Statistics and programming requirements must be satisfied with a letter grade of C- or better.听
- 4
At most one letter grade of D +/- is permitted in Math Elective courses. No grades of D +/- are permitted in required math courses (惭础听141,听惭础听241,听惭础听242,听惭础听225,听惭础听305,听惭础听341,听惭础听402,听惭础听405,听惭础听407,听惭础听425).
- 5
No more than 6 total credits, each from undergraduate research (惭础听491 Reading in Honors Mathematics), independent study (惭础听493 Special Topics in Mathematics), or credit by examination may be used to meet program requirements (credit from AP exams or transfer credits is not included under this restriction). Also, students must complete at least one half of the required mathematics credit hours (21) at NC State 福利逼站.
- 6
Free electives courses cannot be 颁贬听100, 颁贬听111, 颁厂颁听226, 贰颁贰听220, 惭础听101, 惭础听103, 惭础听107, 惭础听108, 惭础听111, 惭础听121, 惭础听131, 惭础听231, 笔驰听131, 笔驰听211, 笔驰听212, 贰狈骋听100. 100-level World Language Course (WL*) can be used if not satisfying the language proficiency requirement.听
听Additional Basic Science
| Code | Title | Hours |
|---|---|---|
| FIM听548 | Monte Carlo Methods for Financial Math | 3 |
| FIM听549 | Financial Risk Analysis | 3 |
| MA听412 | Long-Term Actuarial Models | 3 |
| MA听413 | Short-Term Actuarial Models | 3 |
| MA听540 | Uncertainty Quantification for Physical and Biological Models | 3 |
| MA听546 | Probability and Stochastic Processes I | 3 |
| MA听547 | Stochastic Calculus for Finance | 3 |
| MA听548 | Monte Carlo Methods for Financial Math | 3 |
| MA听549 | Financial Risk Analysis | 3 |
| ST听412 | Long-Term Actuarial Models | 3 |
| ST听413 | Short-Term Actuarial Models | 3 |
| ST听546 | Probability and Stochastic Processes I | 3 |
Financial Math Electives
| Code | Title | Hours |
|---|---|---|
| FIM听548 | Monte Carlo Methods for Financial Math | 3 |
| FIM听549 | Financial Risk Analysis | 3 |
| MA听412 | Long-Term Actuarial Models | 3 |
| MA听413 | Short-Term Actuarial Models | 3 |
| MA听540 | Uncertainty Quantification for Physical and Biological Models | 3 |
| MA听546 | Probability and Stochastic Processes I | 3 |
| MA听547 | Stochastic Calculus for Finance | 3 |
| MA听548 | Monte Carlo Methods for Financial Math | 3 |
| MA听549 | Financial Risk Analysis | 3 |
| ST听412 | Long-Term Actuarial Models | 3 |
| ST听413 | Short-Term Actuarial Models | 3 |
| ST听546 | Probability and Stochastic Processes I | 3 |
Math Electives
| Code | Title | Hours |
|---|---|---|
| CSC听427 | Introduction to Numerical Analysis I | 3 |
| CSC听428 | Introduction to Numerical Analysis II | 3 |
| ISE听505 | Linear Programming | 3 |
| 惭础听402 | Mathematics of Scientific Computing | 3 |
| MA听426 | Mathematical Analysis II | 3 |
| MA听427 | Introduction to Numerical Analysis I | 3 |
| MA听428 | Introduction to Numerical Analysis II | 3 |
| MA听505 | Linear Programming | 3 |
| OR听505 | Linear Programming | 3 |
Semester Sequence
This is a sample.
| First Year | ||
|---|---|---|
| Fall Semester | Hours | |
| 惭础听141 | Calculus I | 4 |
| 颁翱厂听100 | Science of Change | 2 |
| GEP Humanities | 3 | |
| 颁贬听101 | Chemistry - A Molecular Science | 3 |
| 颁贬听102 | General Chemistry Laboratory | 1 |
| 贰颁听205 | Fundamentals of Economics | 3 |
| 听 | Hours | 16 |
| Spring Semester | ||
| 惭础听241 | Calculus II | 4 |
| GEP Health and Exercise Studies | 1 | |
| 贰狈骋听101 | Academic Writing and Research | 4 |
| Introduction to Programming Elective | 3 | |
| Select one of the following: | 3 | |
| 听 | Hours | 15 |
| Second Year | ||
| Fall Semester | ||
| 惭础听242 | Calculus III | 4 |
| 惭础听225 | Foundations of Advanced Mathematics | 3 |
| 笔驰听205 | Physics for Engineers and Scientists I | 4 |
| Free Electives | 3 | |
| GEP Health and Exercise Studies | 1 | |
| 听 | Hours | 15 |
| Spring Semester | ||
| 惭础听305 | Introduction to Linear Algebra and Matrices | 3 |
| 惭础听341 | Applied Differential Equations I | 3 |
| 厂罢听371 | Introduction to Probability and Distribution Theory | 3 |
| 贰颁听301 | Intermediate Microeconomics | 3 |
| Select one of the following: | 3 | |
| 听 | Hours | 15 |
| Third Year | ||
| Fall Semester | ||
| 惭础听405 | Advanced Linear Algebra | 3 |
| 惭础听421 | Introduction to Probability | 3 |
| 贰颁听302 | Intermediate Macroeconomics | 3 |
| 厂罢听372 | Introduction to Statistical Inference and Regression | 3 |
| 厂罢听307 | Introduction to Statistical Programming- SAS | 1 |
| Advised Electives | 3 | |
| 听 | Hours | 16 |
| Spring Semester | ||
| 惭础听401 | Applied Differential Equations II | 3 |
| 惭础听402 | Mathematics of Scientific Computing | 3 |
| 厂罢听308 | Introduction to Statistical Programming - R | 1 |
| 贰狈骋听332 | Communication for Business and Management | 3 |
| Basic Science Elective | 4 | |
| 听 | Hours | 14 |
| Fourth Year | ||
| Fall Semester | ||
| MA听412 | Long-Term Actuarial Models | 3 |
| 惭础听425 | Mathematical Analysis I | 3 |
| Advised Electives | 3 | |
| GEP Interdisciplinary Perspectives | 3 | |
| Free Elective | 2 | |
| 听 | Hours | 14 |
| Spring Semester | ||
| MA听413 | Short-Term Actuarial Models | 3 |
| Advised Electives | 6 | |
| 惭础听407 | Introduction to Modern Algebra for Mathematics Majors | 3 |
| GEP Elective | 3 | |
| 听 | Hours | 15 |
| 听 | Total Hours | 120 |
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