Financial mathematics is the application of mathematical methods to the solution of problems in finance. (Equivalent names sometimes used are financial engineering, mathematical finance, and computational finance.) It draws on tools from applied mathematics, computer science, statistics, and economic theory. Investment banks, commercial banks, hedge funds, insurance companies, corporate treasuries, and regulatory agencies apply the methods of financial mathematics to such problems as derivative securities valuation, portfolio structuring, risk management, and scenario simulation. Quantitative analysis has brought efficiency and rigor to financial markets and to the investment process and is becoming increasingly important in regulatory concerns. As the pace of financial innovation increases, the need for highly qualified people with specific training in financial mathematics intensifies. Currently, there are a limited number of undergraduate programs which makes Baruch’s program that much more special.
5 Career Options for Mathematics Majors
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5 Top Skills for Mathematics Majors
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Data Analyst
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Analysis
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Investment Banker
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Communication
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Simulation Modeler
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Problem Solving
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Operations Manager
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High Computer Proficiency
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Compensation Analyst
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Modeling
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MAJOR CAREER GUIDES
CAREER OUTCOMES BY MAJOR