The Department of Mathematics at Columbia University offers a Master of Arts program in Mathematics with specialization in the Mathematics of Finance (MAFN). It is co-sponsored by the Department of Statistics, and it draws on the diverse strengths of the university in mathematics, statistics, stochastic processes, numerical methods, and financial applications.
The program attracts students whose academic background is in quantitative areas such as mathematics, statistics, physics, economics, computer science, or engineering. Many have previous work experience in finance.
The program may be followed either full-time or part-time. International students on F-1 or J-1 visas must register full-time. Full-time students complete the program in two or three semesters, while part-time students typically take 2-3 years. Most full-time students graduate after two semesters.
All required courses, and many of the electives, have at least one evening section in either the Fall or the Spring semester, in order to accommodate part-time students with day jobs.
The primary course offerings are in the Fall and Spring. Not many relevant courses are offered during the summer session.
Firms such as Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, Bank of America Merrill Lynch, UBS, Credit Suisse, Barclays Capital, Deloitte Consulting, Ernst & Young, Societe Generale, Credit Agricole CIB, various hedge funds and asset management firms, and many others have recruited graduates of the program.
The director of the program is Lars Tyge Nielsen.Print this page