Financial Mathematics Certificate


A professor lectures in a math class


The Graduate Certificate in Financial Mathematics delves into sophisticated mathematical techniques to prepare students to analyze problems arising from financial economics. Students learn, for example, how to use stochastic processes and partial differential equations to study stock markets and to price financial derivatives.

The program is ideal for students interested in careers with a heavy emphasis on analytics methods and quantitative skills, as well as those planning to pursue graduate programs in economics or finance.

Application Deadline: July 1 (fall admission); November 1 (spring admission)


Rigorous Approach

Many of the courses that make up this program are theoretical rather than computational. Those with no prior exposure to mathematical proofs may want to take a basic proof-oriented course before enrolling in the program. Students are encouraged to consult the certificate program director on this point.

We recommend meeting with the certificate program director for guidance on the program, including planning a possible program of study. The program of study is an informal plan that can help ensure that the courses you take meet your interests and match the department's long-term course rotation plan (PDF).


Course Requirements

This program requires four graduate-level courses: three required courses and one elective.

The following requirements must be fulfilled: 12 credits, including 9 credits in required courses and one 3-credit elective course.

MATH 6201Real Analysis I
MATH 6441Introduction to Financial Mathematics
MATH 6442Stochastic Calculus Methods in Finance
One of the following:
MATH 6202Real Analysis II
MATH 6214Measure and Integration Theory
MATH 6318Applied Mathematics I
MATH 6330Ordinary Differential Equations
MATH 6522Introduction to Numerical Analysis

Alternate courses may be selected in consultation with the certificate program advisor.

If it is academically appropriate and fits a student's career goals, the department may approve variations to the program requirements. For instance, in place of one of the standard options, a different course in mathematics or in a related field (e.g., statistics or economics) may be accepted. 

GPA Requirement

Students in a certificate program must maintain a grade point average of at least 3.0. No course in which a grade below 2.0 is earned will count toward the certificate. All requirements must be completed within a three-year period, unless an exception is granted by the department.


Certificate Completion Process

During their final semester, certificate students must fill out a Certificate Completion Form (PDF) to declare candidacy. Find due dates for certificate completion on the Registrar's website. A student must be registered for the semester or summer session immediately prior to the certificate completion date, and must complete all requirements by the last day of final exams for that semester or summer session.