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Quantitative Finance Specialization Description

The quantitative finance specialization prepares students for careers in finance that are more mathematically demanding than the typical M.B.A. paths. In recent years we have seen an increase in the demand for analytical skills in the financial service industries. Understanding recent developments in financial markets and products requires a degree of sophistication not only in finance, but also in stochastic processes, statistics, and applied economics. Courses within both finance and statistics allow students to pursue advanced work in these areas. The financial instruments taught prepare students to enter the financial world with knowledge of still-developing assessment techniques.

Faculty Advisor: Professor Joel Hasbrouck, 212-998-0310 and Professor Peter Lakner, 212-998-0476

Course List

3 credits from these Statistics courses:

STAT-GB.2302 (B90.2302) Forecasting Time Series Data
STAT-GB.2308 (B90.2308) Applied Stochastic Processes for Financial Models
STAT-GB.2309 (B90.2309) Mathematics of Investment
STAT-GB.3127 (B90.3127) Statistical Aspects of Market Risk
STAT-GB.3301 (B90.3301) Introduction to the Theory of Probability
STAT-GB.3321 (B90.3321) Introduction to Stochastic Processes
STAT-GB.3323 (B90.3323) Stochastic Models in Finance
STAT-GB.3383 (B90.3383) Frequency Domain Time Series Analysis


3 credits from these Finance courses:

FINC-GB.2349 (B40.2349) Trading in Cash and Derivative Securities
FINC-GB.2350 (B40.2350) Alternative Investments I: Principles and Strategies
FINC-GB.2351 (B40.2351) Alternative Investments II: Practice and Application
FINC-GB.3105 (B40.3105) Volatility
FINC-GB.3121 (B40.3121) Topics in Hedge Fund Strategies
FINC-GB.3149 (B40.3149) Structure and Dynamics of Financial Markets
FINC-GB.3305 (B40.3305) Credit Risk
FINC-GB.3321 (B40.3321) Hedge Fund Strategies
FINC-GB.3332 (B40.3332) Modern Portfolio Theory and Asset Management
FINC-GB.3333 (B40.3333) Debt Instruments and Markets
FINC-GB.3335 (B40.3335) Futures and Options
FINC-GB.3340 (B40.3340) Advanced Futures and Options

The remaining credits can be any Statistics course from group 1, any FINC-GB (B40) course (not restricted to Group 2) OR one of the following:
INFO-GB.2350 (B20.2350) Trading Strategies and Systems
INFO-GB.3350 (B20.3350) Financial Information Systems

If you are having trouble pointing your final 3.0 credits toward this specialization, please contact a program advisor from Academic Affairs and Advising (academicaffairs@stern.nyu.edu).

For course descriptions, please see the Office of Records & Registration website.