Opinions on this Pure Math/Finance Program

[JeffN]

Opinions on this "Pure Math/Finance" Program

I know that most people on these boards are more familiar with physics and engineering-type programs, but who knows...

http://www.math.uwaterloo.ca/PM_Dept/Undergrad/Academic/Plans/pm_finance.shtml"

Does this program seem like one that'll have good employment prospects? How in-demand are "people with a strong real analysis background and a good knowledge of differential equations to work on financial derivatives" in the finance sector?

 

[TMFKAN64]

There is a real demand, but I couldn't really tell you how big it is. The Black-Scholes option pricing model is a PDE, and I understand that the name of the game is improving the basic model and then solving it numerically. I know they also hire people to work on asset allocation models.

My knowledge here is quite old, so if anybody else responds, listen to them instead