For course listings including electives and additional program requirements, visit the Graduate Bulletin page for the Master of Mathematical Finance. For full course descriptions and syllabi, visit the Department of Applied Mathematics course syllabi page.

Suggested/Typical Study Schedule for a Full-Time M.M.F. Student

Semester One, Fall

Class Number Course Title
MATH 542 Stochastic Processes
MATH 548 Mathematical Finance I

MSF 505

or

MSF 524

Futures, Options, and OTC Derivatives

or

Models for Derivatives

Semester Two, Spring

Class Number Course Title
MATH 588 Advanced Quantitative Risk Management
MATH 582 Mathematical Finance II

Summer
One or two electives from the following:

Class number Course title
MATH 586    Theory and Practice of Fixed Income Modeling
MATH 587    Theory and Practice of Modeling Credit Risk and Credit Derivatives
MATH 512    Partial Differential Equations
MATH 543    Stochastic Analysis
MATH 544    Stochastic Dynamics
MATH 584     Math for Algorithmic Trading
MSF 575        C++ with Financial Applications

Semester Three, Fall
 

Class Number Course Title
MATH 565 Monte Carlo Methods in Finance
MATH 527    

Machine Learning in Finance 

One or two electives from the following:

MATH 587 Theory and Practice of Modeling Credit Risk and Credit Derivatives
MATH 512 Partial Differential Equations
MATH 543 Stochastic Analysis
MATH 544

Stochastic Dynamics

MSF 575 C++ with Financial Applications

Semester Four, Spring

(if needed to complete 30 credits)
Two to three electives from the following:

Class number Course title
MSF 526   

Computational Finance 

MATH 540  Probability
MATH 589  Numerical Methods for Partial Differential Equations

For all academic questions please contact:

Professor Tomasz R. Bielecki, Master of Mathematical Finance program director

312.567.3165

tbielecki@iit.edu