I. Introduction
1. The Master of Financial Mathematics Program (MAMF) was jointly established by the Department of Mathematics and the Department of Statistics of Columbia University. This project combines the diversified advantages of mathematics, statistics, stochastic process, numerical method and financial application.
2. The course is a public course with two to three semesters, *** 10 course, of which 6 courses are compulsory and 4 courses are elective, and there is no division. In order to facilitate those part-time students who need to work during the day, some compulsory courses and most elective courses need to be attended at night, whether in spring or autumn.
3. The core courses are mainly composed of financial theory courses, mathematics courses and statistics courses, which can make students have a good mathematical and financial background. Elective courses are relatively flexible. Students can choose courses related to MAFN, such as Mathematics Department, Statistics Department, Computer Department, Economics Department, Industrial Engineering and Logistics Department, Business School and School of International and Public Affairs, and enjoy the academic resources of the school.
Second, the application requirements
1. hardware requirements: the project has strict score requirements for students' grades, requiring TOEFL at least 100 and IELTS at least 7.5. The project accepts GRE and GMAT applications, but prefers GRE. This project requires a lot of hardware for students. Judging from the admission data in previous years, it is suggested that students should reach GPA3.5, TOEFL 1 10, and GRE325+ will have a competitive advantage.
2. Application background: The project requires the applicant to have basic knowledge of calculus, linear algebra, elementary differential equations, probability, statistics, programming languages, etc. Advanced knowledge of calculus and mathematical analysis, including measurement theory, is recommended, but not necessary. In addition, it is suggested to take courses such as probability theory, introduction to statistical theory and principles of mathematical analysis. It can be seen that the project requires very strict students' mathematical background, so it is suggested to show rich mathematical curriculum background in many aspects in the application materials.
3. Work experience: the project does not require work experience, but the school shows that having financial-related work experience will be helpful for admission. It is suggested that students must enrich their professional experience, enhance their understanding of the financial industry, and try to choose research-oriented positions, such as researching, analyzing and developing related financial derivatives or developing new products through modeling, whether full-time or part-time.
Third, the employment situation
1. The project employment service center provides a series of employment services and resources, including consulting services and resume revision, interview simulation, job database, campus recruitment, etc. And arrange a seminar once a week to lead practical experience. Students can enjoy the industry experience of successful alumni and professionals and plan their own career path reasonably while getting career help.
2.MAFN project has attracted many world-renowned companies such as Goldman Sachs, Morgan Stanley, Citigroup, JPMorgan Chase and Bank of America. Graduates choose to work in banks, investment banks, asset management companies and hedge fund companies. There are many types of jobs, such as modeling, risk, technology, IBD, asset management, sales and trading, and prop trading. Judging from the employment situation, at least 60% of the mainland people can find jobs, and the starting salary for graduation is around $70,000. A graduated senior student just went to Transmarket Group, an international quantitative trading company, as a trader.