This page is not intended as a substitute for the catalog. Please consult with your advisor and the catalog.

As a quantitative finance major (QFIN), your course of study will result in a B.S. degree with minors in economics and math (or a double major with math) rather than a B.B.A.

This major is a highly structured program and you must begin your mathematics courses in your freshman year in order to progress through the major in a timely manner. The required major coursework provides you with the foundation and tools for a variety of financial situations and problem solving, while electives permit you to emphasize economics, mathematics, statistics or finance.

Students interested in quantitative finance may also want to learn about the finance major.

Major Coursework

Quantitative Finance with Minor in Economics and Math

Degree requirements

  • General Education
  • Scientific Literacy requirement
  • Free electives
  • Major requirements (listed below) and electives

Total 120 credit hours

General degree course

  • COB 241 – Financial Accounting

Finance courses

  • FIN 250 – Introduction to Quantitative Finance
  • FIN 365 – Intermediate Financial Management
  • FIN 371 – Principles of Investments
  • FIN 380 – Elemental and Derivative Securities
  • FIN/MATH 395 – Mathematical Finance
  • FIN/MATH 405 – Securities Pricing
  • FIN 450 – Financial Risk Management
  • FIN 480 – Seminar in Financial Engineering
  • FIN elective (select one)
    • FIN/MATH 328 – Time Series Analysis
    • FIN/ECON 372 – International Finance and Payments
    • FIN 451 – Risk Management II
    • FIN 471 – Advanced Topics in Investments
    • FIN 475 – Financial Modeling and Risk Analysis

Mathematics courses

  • MATH 235 – Calculus I
  • MATH 236 – Calculus II
  • MATH 237 – Calculus III
  • MATH 238 – Linear Algebra and Differential Equations
  • MATH 248 – Computer Methods in Engineering and Science
  • MATH 318 – Introduction to Probability and Statistics
  • MATH elective (select one)
    • MATH 423 – Stochastic Processes
    • MATH 424 – Statistical Decision Theory
    • MATH 426 – Probability and Mathematical Statistics I
    • MATH 440 – Fourier Analysis and Partial Differential Equations

Economics courses

  • ECON 200 – Introduction to Macroeconomics
  • ECON 201 – Principles of Microeconomic Theory
  • ECON 331 – Intermediate Microeconomic Theory
  • ECON 332 – Intermediate Macroeconomic Theory
  • ECON 385 – Econometrics (or MATH 322 – Applied Linear Regression)
  • Plus one other upper-level economics elective

Quantitative Finance/Math Double Major

Degree requirements

  • General Education
  • Scientific Literacy requirement
  • Free electives
  • Major requirements (listed below) and electives

Total 120 credit hours

General degree course

  • COB 241 – Financial Accounting

Finance courses

  • FIN 250 – Introduction to Quantitative Finance
  • FIN 365 – Intermediate Financial Management
  • FIN 371 – Principles of Investments
  • FIN 380 – Elemental and Derivative Securities
  • FIN/MATH 395 – Mathematical Finance
  • FIN/MATH 405 – Securities Pricing
  • FIN 450 – Financial Risk Management
  • FIN 480 – Seminar in Financial Engineering
  • FIN elective (select one)
    • FIN/MATH 328 – Time Series Analysis
    • FIN/ECON 372 – International Finance and Payments
    • FIN 451 – Risk Management II
    • FIN 471 – Advanced Topics in Investments
    • FIN 475 – Financial Modeling and Risk Analysis
    • FIN 488 – Advanced Financial Policy

Economics courses

  • ECON 200 – Introduction to Macroeconomics
  • ECON 201 – Principles of Microeconomic Theory
  • ECON 331 – Intermediate Microeconomic Theory Mathematics Courses
Math courses
  • MATH 235 – Calculus I
  • MATH 236 – Calculus II
  • MATH 237 – Calculus III
  • MATH 238 – Linear Algebra and Differential Equations
  • MATH 245 – Discrete Mathematics MATH 248 – Computer Methods in Engineering and Science
  • MATH 318 – Introduction to Probability and Statistics
  • MATH 410 – Advanced Calculus I
  • MATH 430 – Abstract Algebra I
  • Math electives (select one)
    • MATH 411 – Advanced Calculus II
    • MATH 431 – Abstract Algebra II
    • MATH 434 – Advanced Linear Algebra
    • MATH 435 – Introduction to Topography
  • Recommended math electives (select one)
    • MATH 322 – Applied Linear Regression
    • MATH 423 – Stochastic Processes
    • MATH 424 – Statistical Decision Theory
    • MATH 426 – Probability and Mathematical Statistics I
    • MATH 440 – Fourier Analysis and Partial Differential Equations

Risk Management Concentration

A focus in risk management is designed for quantitative finance majors pursuing a more in-depth review of the issues facing organizations and the tools needed to address those uncertainties.

In the risk management concentration, students focus on the theory of risk management, risk identification, risk measurement and applications in the form of risk modeling techniques such as Value-at-Risk and Monte Carlo simulations.

Required courses:

  • FIN 380 – Elemental and Derivative Securities Analysis
  • FIN 450 – Financial Risk Management
  • FIN 451 – Risk Management II
  • FIN 475 – Financial Modeling and Risk Analysis

FIN 380 and FIN 450 are requirements for quantitative finance majors and FIN 451 and FIN 475 are possible electives for this major.

Financial Analysis Concentration

The financial analysis concentration helps prepare students for careers as financial analysts and also Levels I and II of the Chartered Financial Analyst (CFA) exam.

Required courses:

  • FIN 362 - Financial Analysis
  • FIN 378 - Fixed Income Analysis
  • FIN 380 - Elemental and Derivative Securities Analysis

Choose from one of the following:

  • ACTC 343 - Corporate Financial Reporting I
  • FIN 434 - Fundamentals of Financial Data Science
  • FIN 475 - Financial Modeling and Risk Analysis

In order to complete this concentration, Quantitative Finance majors will need to complete additional courses including COB242. FIN362 requires a minimum grade of ‘B’ in COB241 and COB242

Quantitative Finance Major Pathways

The College of Business recognizes all students as individuals. The recommended academic plan for quantitative finance majors is intended as an example only. For instance, some students may choose to double major with Economics, Mathematics or statistics, particularly those with numerous AP and dual enrollment hours. Students are encouraged to develop individualized academic plans in consultation with their Academic Advisor and taking into account unique skills, interests and goals. For specific course listings, please refer to the undergraduate catalog.

Sample path
  • Freshman – first semester: MATH 235, ECON 200, GenEd, GenEd, GenEd
  • Freshman – second semester: ECON 201, COB 241, MATH 236, GenEd, GenEd
  • Sophomore – first semester: MATH 237, MATH 248, MATH 318, GenEd, GenEd
  • Sophomore – second semester: FIN 250, MATH 238, GenEd, GenEd, GenEd
  • Junior – first semester: FIN 365*, FIN 371*, FIN 380*, ECON 331, GenEd
  • Junio – second semester: FIN 395, ECON 332, ECON 385, GenEd, GenEd
  • Senior first semester: FIN 405, FIN 450, Math Elective, GenEd, GenEd
  • Senior – second semester: FIN 480, FIN Elective, ECON Elective, GenEd
Financial risk management concentration
  • Junior – first semester: FIN 365*, FIN 371*, FIN 380*, ECON 331, GenEd
  • Junior – second semester: FIN 395, ECON 332, ECON 385, ECON Elective, GenEd
  • Senior – first semester: FIN 405, FIN 450, FIN 475, Math Elective, GenEd
  • Senior – second semester: FIN 451*, FIN 480, GenEd, GenEd

*FIN 365, FIN 371 and FIN 380 require a minimum of a C in FIN 250, and are highly recommended to be completed in the first semester of junior year; FIN 450 requires a B- in FIN 380; FIN 451 requires a B- in FIN 450.

Software and Technical Skills

  • Bloomberg
  • Statistics (SAS)
  • Finance Databases such as CRSP and Compustat
  • Excel VBA
  • Matlab

Academic Advisor

Michelle Duncan
(540) 568-3078
duncanml@jmu.edu

 

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