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Financial Mathematics

Financial Mathematics Digital Badge

Earners of this microcredential will acquire knowledge and skills across the mathematical & computational spectrum. This microcredential provides a solid foundation in quantitative and computational finance within a hands-on, application-oriented learning environment. Course work includes basic financial mathematics, continuous-time finance, and financial engineering. Participants will gain quantitative method skills that can be leveraged across a diverse field of applications.

Admission requirements for application:

For Non-matriculated students:

Requirements to earn the microcredential:

To achieve the Financial Mathematics microcredential, participants will need to be enrolled at FSC and successfully complete a three-course sequence (MTH 246, 346, and 446), with a C or better, which will include assignments, exams, and projects.

Time to complete:

3 semesters

Cost to attend:

Standard tuition rates apply. For tuition and student consumer information, please click here.


Contact Information


Whitman Hall, 180

Students must complete the following courses:

Basic Coursework (3 courses, 9 credits)
MTH 246: Introduction to Financial Mathematics 3 credits
MTH 346: Continuous Time Finance 3 credits
MTH 446 - Financial Engineering 3 credits

MTH 246 Introduction to Financial Mathematics

This is a course designed to introduce concepts in financial markets; present and future value calculations of money related to loans, annuities, and bonds. It also introduces simple but basic no-arbitrage derivations of the prices of the most financial contracts that are traded either on exchanges or over-the-counter (stocks, options and forward contracts) in a single and multi-period asset pricing setting. Students will analyze the valuation and hedging of European and American options and general contingent claims in the framework of the classical binomial model of the stock price. Prerequisite(s): MTH 151 or MTH 236

MTH 346 Continuous Time Finance

This course introduces Brownian motion, Stochastic Calculus, Ito's integral and Ito's formula which are used to derive the Black-Scholes formula in a continuous-time model rather than a limit of discrete-time models as covered in MTH 246. Pricing derivatives on financial securities using Black-Scholes formula will be covered. Prerequisite(s): MTH 246

MTH 446 Financial Engineering

This course will use advanced mathematical and computational techniques to solve real-world problems in quantitative finance. Topics will include optimal asset-liability matching, yield curve construction, option valuation, hedging and strategies, portfolio analysis, and risk management. Coursework will emphasize the integration of topics from calculus, linear algebra, and probability with financial theory and applications. Students will develop computational skills using application software such as Excel and MATLAB. Prerequisite(s): MTH 346

Last Modified 4/19/22