The major in Quantitative Finance builds skills in the concepts and techniques required in the financial markets for statistical analysis and modelling, risk management, model calibration, and derivatives pricing. Students will develop competency in both the theory and the implementation. The analytic skills obtained will be highly beneficial for a career in a hedge fund, funds management, derivatives trading and sales, risk management, or consulting.
Learning Outcomes
Recognise the important role of options, futures and other contingent claims in the financial markets.
Apply mathematical techniques for the pricing and hedging of contingent claims whilst demonstrating appreciation for the underlying assumptions and requirements for these techniques to be valid.
Communicate the principles and results using the language and conventions of the discipline.
Apply the theory in practice through computer based modelling, in appropriate contexts.
Critically engage with and evaluate literature on the management and pricing of contingent claims.
Work independently and collaboratively to collect, process, interpret pricing models and their outcomes.
Other Information
Students will need to complete all of the following courses in order to be able to complete the 48 units of this major:
- FINM1001
- MATH1013 OR MATH1115 OR MATH1113
- MATH1014 OR MATH1116 (only required if MATH1113 not completed)
Relevant Degrees
Requirements
This major requires the completion of 48 units, which must include:
36 units from the completion of the following course(s):
FINM2001 - Corporate Finance
FINM2002 - Derivatives
FINM2003 - Investments
FINM3003 - Continuous Time Finance
FINM3007 - Advanced Derivatives Pricing and Applications
STAT2005 - Introduction to Stochastic Processes
6 units from completion of a course from the following list:
STAT2001 Introductory Mathematical Statistics
STAT2013 Introductory Mathematical Statistics for Actuaries
6 units from completion of a course from the following list:
STAT2008 Regression Modelling
STAT2014 Regression Modelling for Actuaries
Please disregard the following table. The technical issue has been notified and will be sorted out shortly.
48 units from completion of the following course(s):
| Code | Title | Units |
|---|---|---|
| FINM2001 | Corporate Finance | 6 |
| FINM2002 | Derivatives | 6 |
| FINM2003 | Investments | 6 |
| FINM3003 | Continuous Time Finance | 6 |
| FINM3007 | Advanced Derivatives Pricing and Applications | 6 |
| STAT2001 | Introductory Mathematical Statistics | 6 |
| STAT2008 | Regression Modelling | 6 |
| STAT3004 | Stochastic Modelling | 6 |