From Quantnet Wiki
[edit] Quick Glance
- Available programs of study:
- Full Time Masters in Mathematics in Finance
- Part-Time Masters in Mathematics in Finance
- Advanced Certificate in Financial Mathematics
- Non-Degree Study
- Courses taught by top faculty that represent a "Who is who on Wall Street"
- Unusually strong participation by faculty, fellows and other finance professionals in mentoring students
- Centrally located next to Washington Square on Manhattan
- 100% job placement rate since program inception in 1998
[edit] People
- Leslie Greengard, Director of Courant Institute of Mathematical Sciences
- Peter Carr, Director of the M.S. Program in Mathematics in Finance
- Petter Kolm, Deputy Director of the M.S. Program in Mathematics in Finance
- Melissa Kushner, Program Administrator of the M.S. Program in Mathematics in Finance
- Jonathan Goodman, Chair of the Committee on Mathematics in Finance
[edit] Admission
- Admitted 70 of over 750 applications (Spring 2007) with less than 35 students enrolled.
- GRE, TOEFL required. (GMAT not accepted)
- Deadline
- Full-Time Masters in Mathematics in Finance: February 15. Applicants are encouraged to submit their application well before the deadline. Applications are read and acceptances for full-time students are made on a rolling basis starting in mid-January. Full time students are accepted only for a Fall start date.
- Part-Time Masters in Mathematics in Finance: August 1 for Fall, December 1 for Spring.
- Non Degree and Certificate program: August 1 for Fall, December 1 for Spring.
For more information on how to apply, see Application information
[edit] Tuition
- Academic Year 2007-2008
- Tuition per point, per term $1,139.00
- Nonreturnable registration and services fee:
- First point Fall Term 2007 $377.00
- First point Spring Term 2008 $392.00
- Nonreturnable registration and services fee, per point, for registration after first point $57.00
- In addition, international students who are on an F-1 or J-1 visa are charged an additional fee each semester.
- All courses are 3 points. Typically, full-time students take 4 courses per semester.
[edit] The Careers of Our Students
Our students are recruited . . .
- . . . into areas such as quantitative analysis and trading, commodities, fixed income, credit derivatives, exotic equity derivatives, proprietary trading, debt capital markets, foreign exchange, securitized products, risk management, hybrid exotic, automated market-making, arbitrage, trading, and hedge funds
- . . . by top investment banks, hedge funds, and other financial corporations
The network that our students foster with full-time and adjunct faculty, industry practitioners, and amongst themselves while in school help them to build a most successful professional career in the many areas of finance.
[edit] Financial Research at Our Department
Some recent and current projects by faculty and Ph.D. students include:
- Pricing and hedging of derivative securities in incomplete markets
- Merton-style asset allocation problems, investing in derivatives as well as the underlying
- Analysis and numerical valuation of American options, including asymptotics of the free boundary and new methods for computing it
- Improved numerical methods for the solution of stochastic differential equations
- Inverse problems associated with the calibration of asset-pricing models
- Applications of large deviation theory to the analysis of VaR
- Pricing and hedging of options on baskets, and related issues involving dispersion trading
- Stock-pinning, analyzed via interaction between the options markets and the underlying stock markets caused by market microstructure
- Robust portfolio management and optimization
- Pricing in hedging of credit derivatives such as CDOs
[edit] Contact Information
- General inquiries: mathfinapp@cims.nyu.edu
- Melissa Kushner, Program Administrator
- 212-998-3104
- kushner@cims.nyu.edu
[edit] Mailing information
New York University
Graduate School of Arts and Sciences
Graduate Enrollment Services
P.O. Box 907, Cooper Station
New York, NY 10276-0907
[edit] External Links
