Program Overview
Trent University's Mathematical Finance specialization within the Mathematics degree equips students with the expertise to excel in the financial sector. By applying mathematical methods to solve financial problems, students develop proficiency in data analysis, modeling, and computational skills. Graduates are well-prepared for careers as financial analysts, auditors, or in other finance-related roles. The program also offers opportunities for hands-on experience through marking, tutoring, and summer research positions.
Program Outline
Mathematical Finance Program Breakdown:
Degree Overview:
The Mathematical Finance specialization within the Mathematics degree at Trent University focuses on equipping students with the in-demand expertise and skills needed to excel in the burgeoning mathematical science sector. It emphasizes the application of mathematical methods to address financial problems. The specialization strengthens mathematical modeling, data analysis, and computational skills through the use of statistics, linear programming, and stochastic processes. Students learn to apply these techniques effectively in finance, investment strategy, and market models.
Outline:
Program Structure:
- The Mathematical Finance specialization is an addition to a single-major Honours degree in Mathematics.
- It requires completion of 6.5 credits beyond the core Mathematics degree requirements.
Course Breakdown:
- 5.0 MATH Credits:
- MATH-PHYS 2150H: Ordinary Differential Equations
- MATH 2570H: Probability II: Intermediate Probability
- MATH-PHYS 3150H: Partial Differential Equations
- MATH-PHYS 3160H: Methods of Applied Mathematics
- MATH-COIS 3350H: Linear Programming
- MATH 3510H: Mathematical Finance
- MATH 3560H: Statistics II: Linear Models
- MATH-ECON 4251H: Advanced Mathematical Methods for Economics
- MATH 4510H: Mathematical Risk Management
- 1.5 ECON Credits:
- ECON 1010H: Introductory Microeconomics
- ECON 1020H: Introductory Macroeconomics
- ECON-ADMN 3020H: Financial Economics
Recommended Courses:
- COIS 1020H
- MATH 4120H
- MATH 4560H
- MATH 4570H
Degree Offered:
B.Sc.
Careers:
Featured Career:
Financial Analyst
- Description: Financial and investment analysts collect and analyze financial information like economic forecasts, trading volumes, capital movement, company financials, historical performance, and future trends of investments to offer financial and investment advice to companies or their clients. Their work encompasses areas like takeover bids, private placements, mergers, or acquisitions.
- Employment: Financial analysts work across various sectors, including banks, brokerage houses, insurance companies, investment companies, manufacturing firms, trust companies, utility companies, and underwriting firms.
- Salary Range: $21.63 - $52.50/hr
- Job Outlook: 63,800 jobs in Canada; 10-year outlook of 27,400 jobs
- Source: Government of Canada
Other Career Opportunities:
- Financial Auditor
- Account Executive
- Banker
- Industry Researcher
Other:
- The program emphasizes the application of mathematical methods to solve real-world financial problems.
- The specialization provides students with a strong foundation in mathematical modeling, data analysis, and computational skills.
- Students gain knowledge and skills in areas like finance, investment strategy, and market models.
- There are opportunities for part-time employment in marking and tutoring.
- Summer research opportunities are available to work alongside leading professors.
- The program emphasizes practical application of theoretical concepts.
