Mathematical Finance
Mathematical Finance
Salve Regina University's minor in mathematical finance provides the skills required to pursue professional certifications in finance and serves as a quantitative foundation for a career in finance. Students pursuing the minor enhance their understanding of the investment side of finance, corporate treasury operations and risk management.
Explore a Wide Range of Skills and Tools
The interdisciplinary minor in mathematical finance, offered by the Department of Business and Economics and the Department of Mathematical Sciences, combines core mathematical coursework with a financial management framework for an in-depth study of theoretical and applied problems arising in corporate finance, portfolio analysis and risk management, as well as personal financial planning. The program offers students the opportunity to hone their mathematical skills and explore a wide range of analytical tools, theories and financial models that underscore best practices in the financial industry.
Program Spotlight: Options Trading Club
Mathematical finance minors can participate in Salve Regina's Options Trading Club, whose focus is to teach members about the basics of options trading by developing a strategy and performing an ongoing paper trading simulation. Club members annually participate in the Student Managed Investment Fund Consortium conference, where they have opportunities to network and attend presentations by investment research firms, technical analysts and portfolio managers.
During the 2022 conference, Salve Regina's team placed fifth out of 75 colleges and universities competing in the Firm (Amazon) Performance and Investment Analysis contest, which required them to develop a comprehensive financial analysis and valuation model.
Our Faculty
Through the integration of theory and practice, our faculty bring to the classroom decades of experience in a variety of financial management roles in the corporate and nonprofit realms. They teach not only from textbooks, but from experience, and share a wealth of insights gained from successful careers in financial analysis, modeling, financial operations and administration.
Life After Salve
Careers in financial management offer exciting opportunities for advancement and professional growth. Salve Regina's minor in mathematical finance provides students with the discipline and skills required to obtain financial certifications that will enhance potential in a competitive market. Students may choose from a vast number of career trajectories, including finance, banking, government, investment groups, risk management, real estate development and more.
Possible careers include: Actuary, asset manager, financial analyst, investment analyst, marketing research, quantitative researcher, risk control manager or statistician.
Possible certifications include:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Certified Treasury Professional (CTP)
- Chartered Portfolio Manager (CTM)
- Chartered Asset Manager (CAM)
- Certified Financial Planner (CFP)
- Certified Risk Analyst (CRA)
- Certified Credit Analyst (CCA)
Current and past students have expressed an interest in pursuing a variety of quantitatively-based finance career paths and increasing their competitiveness with appropriate professional certifications for corporate finance and investment advisory positions. The mathematical finance minor provides the necessary professional and academic skill sets for students to accomplish these goals and maximize marketability.
Samuel Sacco, senior lecturer, Department of Business and Economics
Minor in Mathematical Finance
8 courses | 26 credits
Required courses:
- MTH196: Calculus II
- MTH203: Calculus III
- MTH211: Linear Algebra
- MTH213: Differential Equations
- MGT325: Advanced Financial Management and Modeling
- MGT345: Introduction to Mathematical Finance
- MGT415: Discrete Time Finance
- MGT425: Continuous Time Finance
Prerequisites:
- MTH195: Calculus I is a prerequisite for MTH196: Calculus II
- MGT270: Financial Management is a prerequisite for MGT325: Enhanced Financial Management
- STA173: Statistical Methods is a prerequisite for MGT415: Discrete Time Finance