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Mathematical and Computational Finance (BA, BSc)

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Degrees
Bachelor of Science (BSc), Bachelor of Arts (BA)
Department
Faculty
Program type
Specialization
Primary campus
Sir George Williams (SGW)
Duration
3 to 4 years
Start term
Fall, Winter
Experiential learning
Co-op

Why study Mathematical and Computational Finance?

If you’re a problem solver, have great math skills and a keen interest in financial markets, you’ll thrive in Mathematical and Computational Finance, a field where these skills and interests intersect. Mathematical finance analysts apply their knowledge of mathematics, statistics, probability and financial theory to assess market forces and minimize risk and maximize profitability.

As a student, you’ll study mathematics, statistics, probability, economics and computer science along with finance and management at the John Molson School of Business. Specialized courses in Mathematical and Computational Finance will give you many opportunities to practise applying mathematics to finance.

You will also:

  • Learn the computational and modelling techniques used to price tradable assets such as bonds, securities, loans, energy and associated derivatives
  • Learn to create, model, price, hedge and trade innovative financial products
  • Develop an analytical and strategic eye for managing the risk associated with complex financial transactions

This program is designed for students who wish to begin a career in quantitative finance after graduation, or those who plan to pursue graduate studies in financial engineering or mathematical finance.

Program structure

A Bachelor of Arts or Science degree takes a minimum of three or four years (90 – 120 credits) of full-time study, depending on your academic background.

Program option

  • Specialization in Mathematical and Computational Finance (90 credits)

Courses

Co-op program

The Co-op program gives you the chance to do paid work terms with financial institutions and other firms. As a Co-op student, you may work on:

  • Risk analysis
  • Model validation and vetting
  • Derivatives analysis

Please note that you may apply for the Co-op option after completing your first academic term.

United States students: A U.S. Federal Student Aid-eligible version of this program is offered. This version meets all U.S. regulations (such as no co-operative education or e-courses) for eligible programs.

Admission criteria

Minimum cut-off averages and course requirements

  • Quebec CEGEP: 28 overall, 30 math
    • Natural Science DEC or
    • DEC intégré en sciences, lettres et arts or
    • Linear Algebra; Calculus 1 & 2; Mechanics, Electricity and Magnetism; Waves, Optics and Modern Physics; General Chemistry; Chemistry of Solutions and General Biology
    • Additional information for CEGEP applicants
  • High School: A overall, A math and science
  • International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math and science
    • One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
    • One science SL or HL (Physics, Chemistry or Biology)
    • Must have at least one HL math or science
  • Baccalauréat français: 16 overall, 16 math and science
  • British system of education (GCE):
    • A-levels: At least two A-level exams AA, A in math, A in science or
    • AS-levels: At least 4 AS-level exams with equivalent results or
    • BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
    • Students without math or science A-levels may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
    • Additional information for British System of Education (GCE) applicants
  • University Transfers (internal): 3.7 overall, 3.7 math and science
    • Courses in the disciplines of Calculus, Linear Algebra, Biology, Chemistry and Physics
    • 3.7 in MAST 218 or MATH 264
  • University Transfers (external): A- overall, A- math and science
    • Courses in the disciplines of Calculus, Linear Algebra, Biology, Chemistry and Physics

Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.

Minimum cut-off averages and course requirements

  • Quebec CEGEP: 28 overall, 30 math
  • High School: A overall, A math
  • International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math
    • One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
  • Baccalauréat français: 16 overall, 16 math
  • British system of education (GCE):
    • A-levels: At least two A-level exams AA, A in math or
    • AS-levels: At least 4 AS-level exams with equivalent results or
    • BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
    • Students without a math A-level may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
    • Additional information for British System of Education (GCE) applicants
  • University Transfers (internal): 3.7 overall, 3.7 math
    • Courses in the disciplines of Calculus and Linear Algebra
    • 3.7 in MAST 218 or MATH 264
  • University Transfers (external): A- overall, A- math
    • Courses in the disciplines of Calculus and Linear Algebra

Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.

Application deadlines

We consider complete applications year round and give priority to applicants who apply by official deadlines.

Fall term

FALL TERM

March 1 is the deadline to apply for fall term entry. International students are encouraged to apply by February 1 to allow sufficient time for CAQ and study permit application processing.

Late applications will be considered if places are still available. Please check program availability for the term, before you start your application.

Winter term

WINTER

November 1 is the deadline to apply for winter term entry. International students are encouraged to apply by September 1 to allow sufficient time for CAQ and study permit application processing.

Not all programs are available for winter term entry. Please check program availability for the term, before you start your application.

We reserve the right to close admission to a program at any time after the official deadline without prior notice.

After your degree

Mathematical and Computational Finance alumni may find employment in banks, investment firms, hedge funds, energy companies, government and other businesses. Graduates pursue careers in fields such as:

  • Financial engineering
  • Quantitative modelling and risk management
  • Portfolio management
  • Trading (equities, options, futures, interest rates, fixed income, currency, commodities, energy, credit)
  • Algorithmic and high frequency trading
  • Investment banking

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