ProgramCIP 27.0305

Financial Mathematics

A program that focuses on the application of mathematics and statistics to the finance industry, including the development, critique, and use of various financial models. Includes instruction in probability theory, statistical analysis, numerical methods, computation and simulation methods, stochastic processes, economics, and financial markets and applications.

Definition from U.S. Department of Education, National Center for Education Statistics (CIP 2020).

Also called Mathematical Finance, Quantitative Finance, Quantitative and Computational Finance.