Computational Finance tracks are available at UIC, jointly through the Department of Mathematics, Statistics, and Computer Science (MSCS) and the Department of Finance. These tracks are available at the master's level in either the Master of Science Degree in the Mathematics and Information Science for Industry (MISI) Program or in the Master of Science Degree in Mathematics with a major concentration in the Applied Mathematics area. The differences are found in the table below. The Computational Finance track is also available at the Mathematics Ph.D. level, with doctoral work in Computational Finance arranged under the supervision of faculty in both MSCS and Finance.
Current Information Link: http://www.math.uic.edu/~hanson/Finance/CompFinance.html
Application Information Contact: Ms. Kari Dueball, Assistant Director of Graduate Studies, MSCS, e-mail: kdueball@uic.edu, phone: 312/996-3041.
Requirement | M.S. in MISI | M.S. in Math. Conc. in Appl. Math. |
Master's Exam or Project? | Master's Project MCS 597 (2-4 credits) is the standard choice, or else Master's Thesis MCS 598 (0-16 credits) |
Master's Exam (AM Option) |
Program Core Courses | MCS 401 Comp. Algorithms MCS 471 Numerical Analysis MCS 504 MISI Workshop MCS 507 Math., Stat., & Sci. Software (Math 589) |
Math 417 Compl. Anal. Appl. Math 480 Appl. Diff. Eqs. Math 481 Appl. PDEs |
Required Additional Courses^{*}
(4 credits each) |
One MSCS 500 level Two Approved 400/500 level |
Three MSCS 500 level Two 400/500 level, selected from required list |
Recommended Track Courses | Math 586 Comp. Finance Fin 551 Fin. Dec. Making |
Math 586 Comp. Finance Fin 551 Fin. Dec. Making |
Recommended Elective Choices | Fin 516 Th. Struct. Options. Fin 571 Emp. Issues in Fin. Math 590 (Prin. Fin. Math.) |
Fin 516, Fin 571, MCS 471, Math 584, MCS 571, Math 574, Math 590 (Prin. Fin. Math.) |
Required Credit Hours | 32 | 32 |
Remarks:
^{*}The recommended track and elective courses should be used to fulfill the required additional courses.
MISI Program links:
http://www.math.uic.edu/misi
http://www.math.uic.edu/programs/gradstudies/Degrees_requirements_misi.htm
Applied Math concentration links:
http://www.math.uic.edu/~hanson/AppliedMath.html
http://www.math.uic.edu/programs/gradstudies/Degrees_requirements_am.htm
Ph.D. Degree in Mathematics with Concentration in Applied Mathematics:
For the Ph.D. Degree, students must earn a high pass on
the MSCS Master's Exam or equivalent, pass two doctoral
preliminary exams (one should be the Mathematical Science
Preliminary for the Computational Finance track), fulfill the
Ph.D. thesis requirement, and earn 96 semester hours of graduate
credit. The selection of recommended track and elective courses
at the 500 level are the same as those for the Master's Degree
with a concentration in Applied Mathematics using the
Computational Finance track, but the student probably would be
taking a much larger larger of these courses as well as other
relevant courses in MSCS and Finance. Doctoral work can be
arranged under the supervision of faculty in both MSCS and
Finance. For more details, please link to:
http://www.math.uic.edu/programs/gradstudies/Degrees_requirements_phd.htm
Participating Faculty: