Program Overview

Mathematics of Finance and Actuarial Science Concentration

The Mathematics of Finance and Actuarial Science Concentration is a program offered by the Jordan Hu College of Science and Liberal Arts.

B.S. in Mathematical Sciences, Mathematics of Finance and Actuarial Science Concentration

This concentration requires 120 credits and is structured as follows:

• First Year
  • 1st Semester:
    • MATH 111: Calculus I (4 credits)
    • CS 100: Roadmap to Computing (3 credits)
    • ENGL 101: English Composition: Introduction to Academic Writing (3 credits)
    • PHYS 111: Physics I (3 credits)
    • PHYS 111A: Physics I Lab (1 credit)
    • FYS SEM: First-Year Student Seminar (0 credits)
    • Total Credits: 14
  • 2nd Semester:
    • MATH 112: Calculus II (4 credits)
    • ACCT 115: Fundamentals of Financial Accounting (3 credits)
    • PHYS 121: Physics II (3 credits)
    • PHYS 121A: Physics II Lab (1 credit)
    • ENGL 102: English Composition: Introduction to Writing for Research (3 credits)
    • Total Credits: 14
• Second Year
  • 1st Semester:
    • MATH 213: Calculus III B (4 credits)
    • MATH 244: Introduction to Probability Theory (3 credits)
    • MATH 337: Linear Algebra (3 credits)
    • ECON 265: Microeconomics (3 credits)
    • History and Humanities GER 200 level (3 credits)
    • Total Credits: 16
  • 2nd Semester:
    • MATH 222: Differential Equations (4 credits)
    • MATH 341: Statistical Methods II (3 credits)
    • MATH 345: Multivariate Distributions (3 credits)
    • ECON 266: Macroeconomics (3 credits)
    • FIN 315: Fundamentals of Corporate Finance (3 credits)
    • Total Credits: 16
• Third Year
  • 1st Semester:
    • MATH 340: Applied Numerical Methods (3 credits)
    • MATH 344: Regression Analysis (3 credits)
    • MATH 346: Mathematics of Finance I (3 credits)
    • Free Elective (3 credits)
    • History and Humanities GER 300+ level (3 credits)
    • Total Credits: 15
  • 2nd Semester:
    • MATH 347: Mathematics of Finance II (3 credits)
    • MATH 356: Loss Models (3 credits)
    • MATH 447: Applied Time Series Analysis (3 credits)
    • MATH 477: Stochastic Processes (3 credits)
    • History and Humanities GER 300+ level (3 credits)
    • Total Credits: 15
• Fourth Year
  • 1st Semester:
    • MATH 331: Introduction to Partial Differential Equations (3 credits)
    • MATH 432: Mathematics of Financial Derivatives I (Capstone I) (3 credits)
    • MATH 441: Actuarial Mathematics I (3 credits)
    • MATH 448: Stochastic Simulation (3 credits)
    • Select one of the following electives (3 credits):
      • MATH 442: Actuarial Mathematics II
      • MATH 478: Stat Methods in Data Sci
      • MATH 480: Introductory Mathematical Analysis
      • MATH 481: Advanced Calculus
      • R390 330: Corporate Finance
      • FIN 416: Advanced Corporate Finance
      • FIN 422: International Finance
      • FIN 423: Risk Analysis
    • Total Credits: 15
  • 2nd Semester:
    • MATH 433: Mathematics of Financial Derivatives II (Capstone II) (3 credits)
    • Select one of the following electives (3 credits):
      • MATH 442: Actuarial Mathematics II
      • MATH 478: Stat Methods in Data Sci
      • MATH 480: Introductory Mathematical Analysis
      • MATH 481: Advanced Calculus
      • R390 330: Corporate Finance
      • FIN 416: Advanced Corporate Finance
      • FIN 422: International Finance
      • FIN 423: Risk Analysis
    • Free Elective (3 credits)
    • Free Elective (3 credits)
    • Humanities and Social Science Senior Seminar GER (3 credits)
    • Total Credits: 15
  • Total Credits: 120

General Education Requirements and Electives

All students are required to satisfy the General Education Requirements (GER). All GER courses and additional mathematics, technical, and free electives are to be selected in consultation with a faculty advisor in the Department of Mathematical Sciences.

Co-op Courses

In Mathematical Sciences, the co-op courses, MATH 310 Co-op Work Experience I and MATH 410 Co-op Work Experience II, bear degree credit and count as technical or free electives, subject to approval by a faculty advisor in the Department of Mathematical Sciences.

Electives

All electives should be selected after consultation with a Mathematical Sciences faculty advisor. Any mathematics course numbered 331 or above may be used as a mathematics, technical, or free elective. Any NJIT course at or above the 100 level may be used as a technical or free elective; except a technical elective is a course that has a significant mathematical and/or scientific content. All elective courses are to be chosen in consultation with a faculty advisor in the Department of Mathematical Sciences.