Financial Mathematics

The Financial Mathematics major, which is interdisciplinary among the Mathematics and Statistics, Economics and Management programs, prepares students for careers in the financial services and actuarial industries.

Student sitting in class

Welcome to the field of applied mathematics

Among the possible very rewarding career paths are becoming a financial planner, a private wealth manager, an investment manager (for a mutual fund, pension plan, or endowment) and an actuary. The major also helps prepare students for the first Chartered Financial Analyst (CFA) exam and for the first three Society of Actuaries exams.

Our majors have had internships at financial services firms, private wealth management firms, investment banks and mutual fund companies. Our graduates work in all these settings, at hedge funds, at insurance companies, and in other settings requiring a deep knowledge of these fields and strong analytical skills.

Recent changes to this program will be updated here by late August. Please feel free to contact Margaret Menzin, Program Director for Mathematics and Statistics, at [email protected], if you have any questions.

Courses required for the financial mathematics major are:

ECON 100 Principles of Microeconomics 4
ECON 101 Principles of Macroeconomics 4
MATH 118 Introductory Statistics 4
MATH 227 Intermediate Statistics: Design & Analysis 4
MATH 220 Multivariable Calculus 4
MATH 211 Linear Algebra 4
ECON 220 International Monetary Systems 4
ECON 231 Money & Banking 4
ECON 393 Econometrics 4
MATH 319 Financial Mathematics 4
MATH 338 Probability 4
MATH 339 Statistical Theory 4
MATH 343 Mathematical Modeling 4
ACCT 110 Financial Accounting 4
MGMT 260 Finance 4
MGMT 311 Investments 4

MGMT 311 or another 300-level finance course in management

The Capstone requirement for this major is satisfied by ECON 393.

Financial Mathematics is an interdisciplinary program with flexibility that allows our students to tailor the program to their interests. For example, students planning to take the CFA or actuarial exams will use at least part of their independent learning to prepare for the exam.  

Simmons also offers many dual-major and minor options. Interested students should contact Professor Menzin or Professor Aoki to learn more about this exciting major.

So you know that Simmons is a great place to be, you've learned about our programs, maybe even come for a you're ready to apply! Let's get started.

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