Finance: Quantitative Finance, MS
for the Master of Science in Finance, Quantitative Finance concentration
The Quantitative Finance Concentration is open to students enrolled in: Finance, MS.
The Quantitative Finance Concentration is designed to develop graduates who understand:
The fundamental characteristics of exchange traded and over-the-counter financial derivatives; understand the mathematical theorems and numerical algorithms required to value these financial securities; and, be able to assess the riskiness of these positions and be able to design trading strategies that include financial derivatives.
This concentration will not only provide a strong technical knowledge of data analytics topics, but also provide students multiple opportunities to apply this knowledge via valuation and analysis of real world products.
Admission
Candidates will apply to the Department of Finance for admission into the concentration. Students wishing to be admitted to the concentration should consult with their program advisor before applying.
for the Master of Science in Finance, Quantitative Finance concentration
| Code | Title | Hours |
|---|---|---|
| Required | ||
| FIN 512 | Financial Derivatives | 4 |
| FIN 513 | Advanced Financial Derivatives | 4 |
| Choose up to four credit hours from the following: | ||
| FIN 514 | Valuation of Complex Derivative Securities | 2 |
| FIN 515 | Fixed Income Portfolios | 2 or 4 |
| FIN 516 | Term Structure Models | 2 |
| FIN 517 | Advanced Term Structure Models | 2 |
| FIN 537 | Financial Risk Management | 4 |
| FIN 554 | Algorithmic Trading Systems Design and Testing | 4 |
| FIN 556 | Algorithmic Market Microstructure | 4 |
| Total Hours | 12 | |
for the Master of Science in Finance, Quantitative Finance concentration
As the concentration will be part of the Masters in Finance, the learning objectives are closely linked to the overall learning objectives for the program.
These relevant objectives for this concentration would be:
- Students should be able to apply core knowledge to new and unfamiliar circumstances and unpredictable environments.
- Ability to perform quantitative analysis and use mathematical and statistical analysis in finance problems.
- Students should be able to work effectively on team projects with people from a variety of professional and cultural backgrounds.
- Students will demonstrate effective oral and written communication skills.
for the Master of Science in Finance, Quantitative Finance concentration
Department of Finance
Chair of Department: Louis Chan
Director of Graduate Studies: Martin Widdicks (MSF)
Finance Department website
340 Wohlers Hall, 1206 S. Sixth Street, Champaign, IL 61820
(217) 244-2239
grad@business.illinois.edu
Gies College of Business
Gies College of Business website