Quantitative Finance Certificate Program
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Transcript of Quantitative Finance Certificate Program
Quantitative Finance Certificate Program
University of Colorado at BoulderUniversity of Colorado at Boulder
October 21, 2004
What Is Quantitative Finance?
• Bridge the gap between quantitative studies and Finance
• Utilizes existing courses at CU
• Cooperative effort of Leeds, Economics, Mathematics and Applied Mathematics
What Types of Jobs?
• Fixed income investment analyst• Wall Street Sales & Trading (research/trading):
– Fixed income– Derivatives
• Pension consultant• Portfolio analyst/manager• Quantitative equity analyst• Treasury analyst
Is There a Market?
• These Universities offer graduate programs:– Carnegie Mellon
– NYU
– Stanford
– Chicago
– Cal-Berkley
– Cornell
– Columbia
– Purdue
– Oklahoma State
• Graduates average $100,00 to $130,000 total comp
What Is Required?
• About 60% more work in comparison to and average Leeds student for four years, likely with a lower GPA
• Very strong mathematics skills– A grade of “B” is required in Calc 1,2,3
• An interest in analysis and “figuring out things”
• Depending on the path you choose, maybe more than 8 semesters
Placement Help
• Strong support from Career Services
• Potential employers will be educated regarding the program
• A very high placement percentage expected
Many Paths to Follow
• Immediate relevant experience admission to top graduate schools many options
• Immediate enrollment in graduate quant program
• Phd in Finance or Accounting
Business Curriculum Exceptions
• Math Modules are replaced– Calc 1 (APPM 1360 or MATH 1300) replaces 1081– Linear Algebra (APPM 3310 or MATH 3130) replace 1071
• BCOR 2010 (Business Statistics) is replaced– Any of the 3000/4000 level stats courses listed in our guide
• Stats becomes a co-requisite of BCOR 2100– For regular students, it is a prerequisite
First Three Semesters
Fall Frosh
BCOR 1000 3
BCOR 1100 3
Econ 2010 Micro 4
APPM 1350/MATH 1300 Calc 1 4/5
A&S Content 3
Total 17/18
Spring Frosh
APPM 1360/MATH 1400 Calc 2 4/5
Econ 2020 Macro 4
SYST 2010 VBA Programming 3
A&S Content 3
A&S Science 3
Total 17/18
Fall Sophomore
BCOR 2000 Accounting 4
BCOR 2050 Marketing 3
APPM 2350/Math 2300 Calc 3 5
A&S Science 3
A&S Content 3
Total 18
Finance and Accounting
Recommended Finance And Accounting Courses
Course Subject
BCOR 2000 Intro Acctg/Financial Analysis 3
BCOR 2100 Introductory Finance 3
FNCE 3010 Corporate Finance 3
FNCE 3020 Financial Markets And Institutions 3
FNCE 4030 Investments 3
FNCE 4040 Derivatives 3
FNCE 4820 Fixed income 3
FNCE 4820 Equities 3
FNCE XXXX Quant Methods in Finance (TBA) 3
Acctg 3220 Corporate Financial Reporting 1 3
Acctg 3230 Corporate Financial Reporting 2 3
Acctg 4250 Financial Statement Analysis 3
Total 36
Required Finance/Accounting Courses
Course Subject
BCOR 2000 Intro Acctg/Financial Analysis 4
BCOR 2100 Introductory Finance 3
FNCE 3010 Corporate Finance 3
FNCE 3020 Financial Markets And
Institutions 3
FNCE 4030 Investments 3
FNCE 4040 Derivatives 3
Acctg 3220 Corporate Financial Reporting 1 3
One Elective From Specific List 3
Total 25
Economics
Required Economics Courses
Course Subject
ECON 2010 Principles of Microeconomics 3
ECON 2020 Principles of Macroeconomics 3
ECON 3070 Intermediate Microeconomic Theory 3
ECON 4808 Introduction to Mathematical Economics 3
ECON 4818 Introduction to Econometrics 3
Total 15
Note: you can take ECON 1000/3070/3080 rather than 2010/2020/3070
Systems/Programming
• At least one programming course is required– Visual Basic– Java– C++
• Most Leeds students will take SYST 2010– Visual Basic (used in Excel macros)– Counts as a business elective
• An additional course is recommended
Mathematics/Statistics
Required Mathematics and Statistics Courses
APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods/Linear Algebra 3
One Listed Statistics/Probability Course 3
One Additional Listed Math/Stats Course 3
Total Hours 22-24
Minimum Data Analysis
Data Analysis Emphasis
APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 4570 Statistical Methods 3
APPM 4580 Statistical Applications/Software 3
Total Hours 22-24
Full Data Analysis
APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 4570 Statistical Methods 3
APPM 4580 Statistical Applications/Software 3
APPM 7400 Advanced Topics In Statistics 3
APPM 7400 Advanced Topics In Statistics 3
Total Hours 28-30
Math Theory Track
Credit
Course Subject Hours
APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 3570 MATH 4510 Applied Probability 3
APPM 3050 Scientific Computing - Matlab 3
APPM 4520 MATH 4520 Intro To Mathematics Statistics 3
APPM 4540 MATH 4540 Intro To Time Series 3
APPM 4560 Markov Processes, Monte Carlo 3
Total Hours 31/33
Contacts
• Jerry Madigan: [email protected]– Documents are on my website (find link through the
Leeds faculty listing)
• Dr. Eric Hughson: [email protected]
• Contacts in Economics, Mathematics and Applied Mathematics available at website