Program Overview
Introduction to the Quantitative Finance Program
The Quantitative Finance (QFIN) major is a highly structured program that results in a B.S. degree with minors in economics and math, or a double major with math. This program is classified as a STEM program, approved by the State Council of Higher Education for Virginia (SCHEV).
Program Overview
The QFIN major provides students with the foundation and tools for a variety of financial situations and problem-solving, while electives permit students to emphasize economics, mathematics, statistics, or finance. Students interested in quantitative finance may also want to learn about the finance major.
Major Coursework
Students are encouraged to develop their individualized academic plans in consultation with an academic advisor, taking into account unique skills, interests, and goals. The required major coursework provides students with the foundation and tools for a variety of financial situations and problem-solving.
Degree Options
Students interested in Quantitative Finance can pursue one of two degrees:
- Quantitative Finance Major with a Minor in Economics and Mathematics, B.S.
- Quantitative Finance/Mathematics Double Major, B.S.
Optional Concentrations
The program offers two optional concentrations:
Risk Management Concentration
A focus in risk management is designed for quantitative finance majors pursuing a more in-depth review of the issues facing organizations and the tools needed to address those uncertainties. Focused course topics include:
- Theory of risk management
- Risk identification
- Risk measurement
- Applications in the form of risk modeling techniques, such as Value-at-Risk and Monte Carlo simulations
Financial Analysis Concentration
The financial analysis concentration helps prepare students for careers as financial analysts and also Levels I and II of the Chartered Financial Analyst (CFA) exam. Focused course topics include:
- Financial and fixed income analysis
- Elemental and derivative securities analysis
- Finance
Technical Skills
The program emphasizes the development of technical skills, including:
- Python
- Bloomberg
- Statistics (SAS)
- Finance databases, such as CRSP and Compustat
