1. Limited time only! Sign up for a free 30min personal tutor trial with Chegg Tutors
    Dismiss Notice
Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

Programs Financial Mathematics Phd Prerequisites

  1. Apr 10, 2009 #1
    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?
     
  2. jcsd
  3. Apr 11, 2009 #2
    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, continous statistics, macro & micro economics. Then take a bunch of junior/senior courses in your specialty. I would personally reccommend 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 seperate field from most business programs and doesnt 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.
     
  4. Apr 11, 2009 #3

    Vid

    User Avatar

    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.
     
  5. Apr 11, 2009 #4
  6. Jul 7, 2009 #5
    I have just started doing work in the field of financial mathematics, Is there any one who can help or Colaborate with us we are interested in financial planing.
     
Know someone interested in this topic? Share this thread via Reddit, Google+, Twitter, or Facebook




Similar Discussions: Financial Mathematics Phd Prerequisites
  1. Financial mathematics? (Replies: 1)

Loading...