Courses

For courses in the Fundamentals of Quantitative Finance (FQF) post-baccalaureate certificate, please point to http://www.math.umn.edu/finmath/courses/online_courses.shtml.

The Master of Financial Mathematics (MFM) program offers five year-long course sequences, four of which are required of all MFM students. Each sequence has a fall term course (ending in a "1") and a spring term course (ending in a "2"). The fall term course must be completed before the spring term course can be started; that is, the courses may not be taken "out of sequence". Our other basic prerequisite rules are contained in the inequality
         FM 5001/5002 < FM 5011/5012 <= FM 5021/5022 <= FM 5031/5032.
So, for example, students must finish FM 5001/5002 before starting FM 5011/5012, unless they FM 5001/5002 has been waived. (See Q8 and Q15 above for information about obtaining a waiver for FM 5001/5002.) Also, they may take FM 5011/5012 and FM 5021/5022 simultaneously, but, cannot take, for example, FM 5021/5022 before starting FM 5011/5012. The sequence FM 5091/5092 may be taken at any time.

Preparatory Sequence

FM 5001/5002 Preparation for Financial Mathematics 3 credits per semester

FM 5011/5012 Mathematical Background for Finance (required) 4 credits per semester

FM 5021/5022 Mathematical Theory Applied to Finance (required) 4 credits per semester

FM 5031/5032 A Practitioner's Course in Finance (required) 4 credits per semester

FM 5091/5092 Computation, Algorithms, and Coding in Finance (required) 3 credits per semester