Financial Mathematics

Note: Financial Mathematics is not accepting new students as of Fall, 2024.
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.

Courses required for the financial mathematics major are:

ECON100 Principles of Microeconomics 4
ECON101 Principles of Macroeconomics 4
ECON220 International Monetary Systems 4
ECON231 Money & Banking 4
STAT118 Introductory Statistics 4
STAT227 Intermediate Statistics: Design & Analysis 4
MATH211 Linear Algebra 4
MATH220 Multivariable Calculus 4
MATH319 Financial Mathematics 4
MATH338 Probability 4
STAT339 Statistical Theory 4
MATH343 Mathematical Modeling 4
ACCT110 Financial Accounting 4
BUS260 Financial Management 4
BUS311 Investments 4
BUS 311 or another 300-level finance course from the Business School

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.

Spotlight on Financial Mathematics Students and Alums

A quilt Bethanie made from t-shirts she acquired during her time at Simmons.

Bethanie Royality-Lindman ’17 Has Fun with Financial Mathematics

As a Workday consultant at Huron, Bethanie Royality-Lindman '17 gets to explore different areas of financial mathematics, from financial accounting to budgets, expenses, and data conversion. Learn how her Simmons journey prepared her for this role.