Mathematical and Computational Finance (BA/BSc)
Bachelor of Arts (BA) / Bachelor of Science (BSc)
Why study Mathematical and Computational Finance?
If you’re a problem solver, have great math skills and a keen interest in financial markets, you’ll thrive in Mathematical and Computational Finance, a field where these skills and interests intersect. Mathematical finance analysts apply their knowledge of mathematics, statistics, probability and financial theory to assess market forces and minimize risk and maximize profitability.
As a student, you’ll study mathematics, statistics, probability, economics and computer science along with finance and management at the John Molson School of Business. Specialized courses in Mathematical and Computational Finance will give you many opportunities to practise applying mathematics to finance.
You will also:
- Learn the computational and modelling techniques used to price tradable assets such as bonds, securities, loans, energy and associated derivatives
- Learn to create, model, price, hedge and trade innovative financial products
- Develop an analytical and strategic eye for managing the risk associated with complex financial transactions
This program is designed for students who wish to begin a career in quantitative finance after graduation, or those who plan to pursue graduate studies in financial engineering or mathematical finance.
Program Details
A Bachelor of Arts or Science degree takes a minimum of three or four years (90 – 120 credits) of full-time study, depending on your academic background.
Concentration:
- Specialization in Mathematical and Computational Finance (90 credits)
Minimum cut-off averages and course requirements
- Quebec CEGEP: 28 overall, 30 math
- Natural Science DEC or
- DEC intégré en sciences, lettres et arts or
- Linear Algebra; Calculus 1 & 2; Mechanics, Electricity and Magnetism; Waves, Optics and Modern Physics; General Chemistry; Chemistry of Solutions and General Biology
- Additional information for CEGEP applicants
- High School: A overall, A math and science
- Canadian curricula course requirements
- Accepted international qualifications
- One math from Pre-Calculus, Calculus, or equivalent
- Two sciences (from Biology, Chemistry or Physics)
- ACT or SAT is not required
- AP exams are not required but may qualify you for advanced standing
- International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math, 6 HL science
- One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
- One science SL or HL (Physics, Chemistry or Biology)
- Must have at least one HL math or science
- Baccalauréat français: 16 overall, 16 math and science
- Première: Spécialité mathématiques and Spécialité physique-chimie
- Terminale: Spécialité mathématiques (also accepted, Spécialité Physique-Chimie and Mathématiques Complémentaires)
- Additional information for Baccalauréat français applicants
- British system of education (GCE):
- A-levels: At least two A-level exams AA, A in math, A in science or
- AS-levels: At least 4 AS-level exams with equivalent results or
- BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
- Students without math or science A-levels may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
- Additional information for British System of Education (GCE) applicants
- University Transfers (internal): 3.7 overall, 3.7 math and science
- University Transfers (external): A- overall, A- math and science
- Courses in the disciplines of Calculus, Linear Algebra, Biology, Chemistry and Physics
Minimum cut-off averages and course requirements
- Quebec CEGEP: 28 overall, 30 math
- Linear Algebra; Calculus 1 & 2
- Additional information for CEGEP applicants
- High School: A overall, A math
- Canadian curricula course requirements
- Accepted international qualifications
- One math from Pre-Calculus, Calculus, or equivalent
- ACT or SAT is not required
- AP exams are not required but may you qualify for advanced standing
- International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math
- One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
- Baccalauréat français: 16 overall, 16 math
- Première: Spécialité mathématiques
- Additional information for Baccalauréat français applicants
- British system of education (GCE):
- A-levels: At least two A-level exams AA, A in math or
- AS-levels: At least 4 AS-level exams with equivalent results or
- BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
- Students without a math A-level may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
- Additional information for British System of Education (GCE) applicants
- University Transfers (internal): 3.7 overall, 3.7 math
- University Transfers (external): A- overall, A- math
- Courses in the disciplines of Calculus and Linear Algebra
We consider complete applications year round and we give priority to applicants who apply by official deadlines. Late applications will be considered if places are still available for the fall term only.
| You've sent your application from: | Fall term deadline | Winter term deadline |
| Inside Canada | March 1 Certain programs have extended their deadlines. Please check program availability. |
November 1 Not all programs are available for this term. Please check program availability. |
| Outside Canada (International) | February 1 | September 1 |
We reserve the right to close admission to a program at any time after the official deadline without prior notice.
- Options and Futures
- Mathematical and Computational Finance I and II
- Probability
- Analysis of Markets
- Time Series and Forecasting
Consult the Undergraduate Calendar for a complete list of current courses.
The Co-op program gives you the chance to do paid work terms with financial institutions and other firms. As a Co-op student, you may work on:
- Risk analysis
- Model validation and vetting
- Derivatives analysis
Please note that you may apply for the Co-op option after completing your first academic term.
Mathematical and Computational Finance alumni may find employment in banks, investment firms, hedge funds, energy companies, government and other businesses. Graduates pursue careers in fields such as:
- Financial engineering
- Quantitative modelling and risk management
- Portfolio management
- Trading (equities, options, futures, interest rates, fixed income, currency, commodities, energy, credit)
- Algorithmic and high frequency trading
- Investment banking
Department Contact
