• 专业概况
• 所属院系
• 中国学生入学要求
• 课程信息

专业概况

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The Department of Mathematics and the Department of Statistics jointly oversee an interdisciplinary Master of Science degree program in Quantitative Finance and Risk Management.

The program focuses intensely on advanced mathematical and statistical methods. Graduates will have sophisticated quantitative skills that will prepare them to apply their knowledge to the solution of real world financial problems as quantitative analysts, financial engineers, risk managers, traders, developers, and other roles in the financial industry.

WHAT YOU’LL LEARN

Building on the University of Michigan’s long history of academic excellence, the Quant Program approaches the study of quantitative finance with an intensely theoretical perspective. Our close focus on advanced mathematical and statistical theory sets us apart from our peer programs in financial engineering, computational finance, and mathematical finance and provides graduates with an unparalleled foundation for a career in finance.

After successfully completing our curriculum devised and taught by faculty in Mathematics and Statistics, you will enter the workforce with an expert-level ability to:

Represent financial questions as mathematical models Use stochastic analysis and probability theory to carry out relevant mathematical analysis Implement the results using advanced numerical methods Make decisions based on the results

The Quant Program requires a total of 36 credits of coursework, 24 of which are required core courses and 12 of which are electives. Most students complete the program in three semesters, but occasionally students will extend the program to a fourth term.

REQUIRED COURSEWORK

As a Quant student, you’ll take 24 credits (8 courses) of required coursework in graduate-level math and statistics. The master’s program is structured around four course sequences that serve as the foundation of the curriculum. Successful completion of the first course in each sequence is necessary in order to move on to the second. These sequences are described below:

I. Math 573- Advanced Financial Mathematics I and Math 574-Advanced Financial Mathematics II : introduces students to the main concepts of financial mathematics and financial engineering, with special emphasis on the application of mathematical methods to the relevant problems in the financial industry.

II. Math 526 – Discrete State Stochastic Processes and Math 506 – Stochastic Analysis for Finance: analyzes in more detail the mathematical tools used in Math 573 – Math 574 with additional focus on mathematical challenges associated with financial problems.

III. Math 472- Numerical Analysis with Financial Applications and Math 623- Computational Finance: focuses on the implementation of the models using tools from numerical methods for solving partial differential equations and Monte-Carlo methods. Students develop computer programs to calculate the prices of financial derivatives and find ways of hedging risk.

IV. Stats 500 – Statistical Analysis I : Regression and Stats 509 – Statistical Analysis of Financial Data: introduces the basic statistical tools for financial data, including regression and time series models, as well as various inference techniques.

所属院系

进入哪个院系学习？ College of Literature, Science and the Arts

中国学生入学要求

为来自中国的学生设计 Applicants must complete a bachelor’s degree from a U.S. college or university accredited by a regional accrediting association; or Complete an international degree that is equivalent to a U.S. bachelor’s degree from a college or university recognized and approved by the Ministry of Education or Commission responsible for higher education in the country where the degree is earned. Other English Language Requirements: Paper/Pencil TOEFL & TWE score of 560; MELAB score of 80.

课程信息

学制：全日制(TOTAL OF 36 学分 OF COURSEWORK)

学费：US$48,204.00 (¥ 306,669) /年

开学时间：预计在八月 2022

申请截止日期：

留学地点：College of Literature, Science and the ArtsUniversity of Michigan,500 S. State Street,ANN ARBOR,Michigan,48109, United States