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Program in Mathematics, with a Specialization in the Mathematics of Finance
Degree Programs:
Full-Time/Part-Time: Free-Standing M.A.
Program Director:
Mikhail
Smirnov,
Ph.D.
425 Mathematics
Tel:
212.854.4303
In conjunction with the Department of Statistics, the Department of Mathematics offers an M.A. in Mathematics with a specialization in the Mathematics of Finance. The program concentrates on the advanced quantitative methods required for modern finance and draws on the diverse strengths of Columbia in stochastic processes, numerical methods and application to finance. The program consists of ten courses, of which seven are required and three are electives. Topics covered include probability and random processes, statistics, partial differential equations, financial markets and instruments, valuation and hedging techniques, and computational and simulation methods. Students may fulfill requirements while registered either full-time (one year) or part-time (two or more years). All required courses are available in the evenings. In addition to the regular course work, students attend a weekly seminar in which distinguished practitioners discuss their research, give mini-courses and suggest open problems.
Special Admission Requirements
In addition to the requirements listed below, all students must submit
1 official transcript showing courses and grades per school attended, a
Statement of Academic Purpose and 3 letters of evaluation that can be all from academic sources or 1 or 2 letters can be academic and the rest job related. All
international students whose native language is not English or whose
undergraduate degree is from an institution in a country whose official
language is not English, must submit scores of the Test of English as a
Foreign Language (TOEFL) or IELTS. For more information, refer to our Admissions Information and Frequently Asked Questions pages.
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DEGREE:
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Master's Only
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Deadline for Fall Admission
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*March 1 for early admission
May 31 for all admission
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Deadline for Spring Admission
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no spring admission
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Resume/CV
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Yes
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Writing Sample
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No
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GRE General
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recommended can be replaced by GMAT
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GRE Subject
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No
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Miscellaneous
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**see below
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*Decisions to admit, reject or put on wait list should be mailed by mid-to-late April.
**Recommended prerequisites: calculus, linear algebra, elementary differential equations, probability, statistics. If possible, an exposure to advanced calculus and mathematical analysis is desirable. Additional information on prerequisites can be found here.
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