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.
- Critically engage with and evaluate literature in various discipline backgrounds on the management and pricing of contingent claims.
- Using a diverse range of discipline backgrounds and varied data. Develop the skills necessary to collect, process, interpret and communicate the outcomes of financial problems.
Other Information
Students will need to complete all of the following courses 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
FINM3011 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 Actuarial Studies
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