BACHELOR OF SCIENCE IN FINANCIAL MATHEMATICS
General Information
Financial mathematics is the application of mathematical models to the solution of problems in the financial industry. It draws upon tools from mathematical sciences, business and economic theory. Financial institutions, insurance companies, corporate treasuries and major corporations require analysts with high skills in financial mathematics. Their responsibilities include, but are not limited to: aiding in interest rate modeling; evaluating investments; wealth valuation; decision making; and developing programmes that utilize derivatives to reduce exposure to market fluctuations and risk. Mathematical analysis has brought efficiency and rigor to financial markets and the investment process, and is becoming important in regulatory concerns.
Admission requirements are the same as for the University of New Brunswick Science Degree.
Curriculum
A student must complete at least 121 ch (the equivalent of 40 courses) with a minimum grade of C in each course in the programme. The curriculum consists of core requirement courses (76 ch) plus elective courses (15 courses adding up to at least 45 ch) drawn from Mathematics, Business Administration, Computer Science, Humanities, Economics and Statistics.
(a) Required Courses
MATH 1003, MATH 1013, MATH 2003, MATH 2013, MATH 2203, MATH 2213, MATH 2903, MATH 2913, MATH 3073, MATH 3713, MATH 3903, MATH 4903, MATH 4993; ECON 1013, ECON 1023, ECON 2013, ECON 2023; BA 1216, BA 2217, BA 3425, BA 4437, BA 4455; CS 1073; STAT 3083, STAT 3093.
(b) Elective Courses
Notes
1. Students planning for postgraduate studies are advised to take MATH 3733.
2. Students choosing STAT 1793 as an elective must do so before taking STAT 3083.
3. Transfer students into this programme from UNB or from other Canadian Universities may be able to substitute, with the approval of the Department of Mathematical Sciences, some of the above electives by previously obtained credits (with a C grade or higher) in Business Administration or Economics courses at the 3000 and 4000 levels.
An outline of the sequence of courses taken by a student in the first two years of the programme is as follows:
First Year
MATH 1003 Introduction to Calculus I
MATH 1013 Introduction to Calculus II
BA 1216 Accounting for Managers I
CS 1073 Introduction to Computer Programming in Java
ECON 1013 Introduction to Microeconomics
ECON 1023 Introduction to Macroeconomics
Plus electives equivalent to 4 term courses.
Second Year
MATH 2003 Intermediate Mathematics I
MATH 2013 Intermediate Mathematics II
MATH 2203 Discrete Mathematics
MATH 2213 Linear Algebra I
MATH 2903 Financial Mathematics I
MATH 2913 Financial Mathematics II
BA 2217 Accounting for Managers II
ECON 2013 Intermediate Microeconomics
ECON 2023 Intermediate Macroeconomics
Plus one term elective course