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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 Micro-Economics 3 credits
ECO 1002 Macro-Economics 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 4000-level or 5000-level 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