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The Department of Mathematics offers three undergraduate majors: (1) Bachelor of Arts in Actuarial Science, (2) Bachelor of Arts in Mathematics and (3) Bachelor of Science in Financial Mathematics. The requirement for these majors are indicated below
Actuarial Science Major
The field of actuarial science applies mathematical principles and techniques to problems in the insurance industry. Progress in the field is generally based upon completion of examinations given by the Society of Actuaries. The Baruch College major is designed to prepare students to pass the first two exams of the Society of Actuaries year 2000 exam structure, and to provide partial preparation for the third exam. Students interested in this highly structured program are urged to contact the Department of Mathematics as early as possible so that the department may assign an advisor to aid in formulating an appropriate course of study.
Prerequisites for Major:
MTH 3006 ( Integral Calculus 4 credits) and MTH 3030 (Analytic Geometry and Calculus II 5 credits)
OR
MTH 3010 (Calculus II 4 credits) and MTH 3020 (Intermediate Calculus 4 credits)
AND
ECO 1001 MicroEconomics 3 credits
ECO 1002 MacroEconomics 3 credits
Required Courses
MTH 3300 Algorithms, Computers, and Programming I 3 credits
MTH 4120 Introduction to Probability 4 credits
MTH 4410 Theory of Interest 3 credits
MTH 4500 Mathematical Finance 4 Credits
FIN 3000 Principles of Finance 3 credits
FIN 3610 Corporate Finance 3 credits
In addition, one course must be chosen from the following list of electives:
Electives
MTH 4125* Stochastic Processes 4 credits
MTH 4130 Mathematics of Statistics 4 credits
MTH 4135* Methods of Monte Carlo Simulation 3 credits
MTH 4420 Actuarial Mathematics 4 credits
MTH 4421 Actuarial Mathematics II 4 credits
MTH 4451 Risk Theory 4 credits
* Actuarial science majors are encouraged to select this course.
MATHEMATICS MAJOR
The major in mathematics is designed to enable the student to enter the marketplace (industrial or educational) or to pursue further studies in mathematics or allied fields at the graduate level. Interested students are urged to contact the Department of Mathematics as early as possible. The student will be assigned an advisor who will aid in formulating an appropriate course of study. Students who want to teach mathematics in the secondary schools should consult an advisor in the Center for Advisement and Orientation.
Required Courses:
MTH 3006 ( Integral Calculus 4 credits) and MTH 3030 (
Analytic Geometry and Calculus II 5 credits)
OR
MTH 3010 (Calculus II 4 credits) and MTH 3020 (Intermediate Calculus 4 credits)
All students must take the following three courses.
MTH 3300 Algorithms, Computers and Programming I 3 credits
MTH 4010 Advanced Calculus I 3 credits
MTH 4100 Linear Algebra 3 credits
Electives:
Any four 4000level or 5000level courses from the following group:
MTH 4110 Ordinary Differential Equations 3 credits
MTH 4120 Introduction to Probability 4 credits
MTH 4125 Stochastic Process 3 credits
MTH 4130 Mathematics of Statistics 3 credits
MTH 4135 Methods of Monte Carlo Simulation 3 credits
MTH 4140 Graph Theory 3 credits
MTH 4145 Mathematical Modeling* 3 credits
MTH 4150 Combinatorics 3 credits
MTH 4200 Theory of Numbers 3 credits
MTH 4210 Elements of Modern Algebra 3 credits
MTH 4230 History of Mathematics 3 credits
MTH 4240 Differential Geometry* 3 credits
MTH 4300 Algorithms, Computers and Programming II* 3 credits
MTH 4310 Methods of Numerical Analysis 3 credits
MTH 4315 Mathematical Logic 3 credits
MTH 4320 Fundamental Algorithms 3 credits
MTH 4500 Introduction to Financial Mathematics 4 credits
MTH 5010 Advanced Calculus II* 3 credits
MTH 5020 Theory of Function of a Complex Variable* 3 credits
MTH 5030 Theory of Functions of Real Variables* 3 credits
MTH 5100 Partial Differential Equations
and Boundary Value Problems* 3 credits
* These courses are offered infrequently, subject to student demand.
Financial Mathematics Major (BSFM)
This major is first and foremost a course of study in mathematics, with a focus on the computational tools and techniques needed to thrive in the financial engineering industry. In today’s specialized world, a sophisticated level of mathematical understanding is an essential competitive edge. The BSFM will consist of four components, totaling 120 credits: 45 in required Mathematics courses, and the rest spread across Core credits, Economics and Finance courses, and minor and elective courses. As a preliminary requirement, students must complete two semesters of calculus. As this program includes courses in Economics and Finance, students who would usually not consider a traditional mathematics major will find this program especially attractive. Interested students are urged to contact the Department of Mathematics as early as possible. The student will be assigned an advisor who will aid in formulating an appropriate course of study.
As a preliminary requirement, students must complete two semesters of calculus, which may be achieved by any one of the following three methods:
 Calculus AP BC with grade 4 or 5
 Calculus AP AB with a grade of 4 or 5 and MTH 3010 with B+ or higher (4 credits)
 MTH 2610 and MTH 3010 with a combined GPA of at least 3.5 out of 4.0
Students must meet the following requirement to gain admission to the program:
 MTH 3050 and MTH 4000 (both new courses) with a minimum grade of B in each course.
The 12 credits of required Economics and Finance come from the following courses (3 credits each):
 ECO 1001 Microeconomics
 ECO 1002 Macroeconomics
 FIN 3000 Principles of Finance (prerequisites: BUS 1000, CIS 2200, ACC 2101)
 FIN 3610 Corporate Finance (prerequisite: FIN 3000)
Preliminary Courses
 MTH 3050 (4 credits) Multivariable and Vector Calculus
Prerequisites: MTH 2610 and MTH 3010 with a combined GPA of at least 3.5; or Calculus AP AB with a grade of 4 or 5 and MTH 3010 with a B+ or higher; or Calculus AP BC with a grade 4 or 5
 MTH 3300 (3 credits) Algorithms, Computers, and Programming I
 MTH 4000 (4 credits) Bridge to Higher Mathematics
Prerequisites: MTH 3020 or MTH 3030 or MTH 3050. MTH 4000 will be a prerequisite to MTH 4115.
Upper Level Courses
 MTH 4100 (3 credits) Linear Algebra
 MTH 4115 (4 credits) Numerical Methods for Differential Equations
 MTH 4120 (4 credits) Introduction to Probability
 MTH 4125 (4 credits) Introduction to Stochastic Processes
 MTH 4130 (4 credits) Mathematics of Statistics
 MTH 4300 (3 credits) Algorithms, Computers, and Programming II
 MTH 4500 (4 credits) Introductory Financial Mathematics
 MTH 4600 (/4 credits) Data Analysis and Simulation for Financial Engineers
 MTH 5500 (4 credits) Stochastic Calculus for Finance
