Mathematical Finance Major

Offered By	Faculty of Science
Academic Contact	Professor Ross Maller (MSI and Finance and Applied Statistics) and Stephen Roberts, Head (Mathematics, coordinating Department)
Areas of Interest	Finance, Mathematics, and Statistics

Mathematical/Quantitative Finance is an important and rapidly growing discipline. Apart from its huge contributions to the theory and practice of Finance, it has proved to be a major attraction both to mainstream Finance students and to Maths/Probability/Statistics students who want to add an interesting and important applications area to their study program. In addition to this, it has given tremendous impetus to research in and applications of Probability Theory and some other Mathematics areas over the last 10 years or so. There is a large demand for qualified graduates in the area. Quantitative Finance students need a strong background in all three disciplines: Finance, Probability, and Statistics, as well as a good general mathematical background.

Requirements

This major will consist of a minimum of 42 units of courses including:

(a)

FINM1001 Money Markets and Finance
FINM2002 Financial Instruments and Risk Management
STAT2001 Introductory Mathematical Statistics

(b)

MATH3029 Probability Models and Applications
FINM3003 Continuous Time Finance
FINM3007 Advanced Derivatives Pricing and Applications

First Year course advice

Students should take MATH1013/1115 and MATH1014/1116 and FINM1001.

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.