Financial Mathematics Phd Prerequisites

[majesticman]

There seems to be a lot of info out there (on the web) on the pay packets for Quants/Actuaries however there isn't enough info on what sort background is required to get into a Financial Maths/actuarial phd program.

What sorts of undergrad degrees would someone "typically" have when they apply into these courses?

What specific area of math/finance/stats would be of the most importance?

 

[Howers]

Commerce, economics, statistics, or mathematics. Some schools even have an econ/math specialist.

You would need the first two years of all math/statistics/economics courses, ie. things like multivariable calculus, continuous statistics, macro & micro economics. Then take a bunch of junior/senior courses in your specialty. I would personally recommend you have a weak real analysis course too, as this comes up in advanced economics. You don't need the level of rudin; any applied real variables course should suffice.

Actuarial science is a separate field from most business programs and doesn't usually require a PhD. You get a bachelors, and do a series of exams which typically last for ~10 years instead of doing graduate schools. Quants are usually just math grad students or people who specialized in financial mathematics.

 

[Vid]

If you're getting a financial math degree you'll start off in a grad level measure theory class with the rest of the incoming math grad students so you'll want to have a really strong foundation in analysis and linear algebra.

 

[maze]

Have a look at the topics here:
http://www.opentradingsystem.com/quantNotes/Basic_math_.html

 

[adnan jahan]

I have just started doing work in the field of financial mathematics, Is there anyone who can help or Colaborate with us we are interested in financial planing.