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Degree Requirements

Successful candidates for graduation from our program need to complete 36 credit hours from a combination of Core courses and Electives.

Our curriculum is comprised of 21 credit hours of Core courses and 15 credit hours of Electives. All core courses must be passed with a grade of B or better. Students are encouraged to explore their areas of interests and strengths through their selection of Electives.

Core Courses

Semester ONE Core Requirements (Fall)Course NumberCredits
Options and Derivatives PricingFIM/ECG/MA 5283.0
Fundamentals of Statistical Inference IST 5013.0
Career Development for Quants (seminar)FIM 5003.0
Minimum credit hours9.0*
*No more than 14 credit hours are allowed in the first semester. Additional courses can be added as electives.
Semester TWO Core Requirements (Spring)Course NumberCredits
Stochastic Calculus for FinanceFIM/MA 5473.0
Fundamentals of Statistical Inference IIST 5023.0
Monte Carlo Methods for Financial MathematicsFIM/MA 5483.0
Seminar in Financial MathematicsFIM 6011.0
Minimum credit hours10.0*
*Graduate students can enroll for up to 15 credit hours, with permission from the program director. Additional courses can be added as electives.
Summer Core Requirements (Select One)Course NumberCredits
Internship in Financial MathematicsFIM 6501.0
Project in Financial MathematicsFIM 675**1.0
Maximum credit hours1.0
**Students enrolled in FIM 675 must attend in person. In order to give our students real-world experience in the financial industry, every student is required to complete a 1 credit hour summer internship or summer project.
Semester THREE Core Requirements (Fall)Course NumberCredits
Seminar in Financial Mathematics (2nd session)FIM 6011.0
Minimum credit hoursTBD***
***Final semester credit hours may vary depending on the number of credit hours students taken in the first two semesters. Additional courses can be added as electives.

About Full Time Enrollment

*For students eager to complete the masters in financial mathematics in three academic semesters, enrolling in 12 to 15 credit hours is an option. However, a minimum of 9 credit hours is all that is required to meet full time enrollment, while domestic students have the option to enroll part time.

***Students may have the option to enroll in less than 9 hours in their final semester. International students who qualify to reduce their academic load their final semester can still maintain full time enrollment status.

Sundial
Created as a reservoir for the city in the early 1900s, Lake Raleigh is a sprawling oasis less than three miles from Downtown Raleigh. The 75-acre lake and its trails are open from dawn until dusk, and there are three areas of public access. Folks can hike, bike and kayak on the lake. It’s virtually surrounded by walking trails and greenway. Photo by Marc Hall

Course Catalog

Click to learn more about our graduate level Financial Mathematics (FIM) courses.