Over the course of three semesters of study, the students in the program receive a rigorous training in mathematics, especially in the area of probability and stochastic calculus, in statistical analysis, and in computation, together with an overview of the institutional operation of financial markets and exchanges. Courses cover a broad array of topics that prepare students to enter the worlds of finance, risk management, and financial computing.
The finance industry is one of the largest employers of mathematically trained professionals in the world. One can find the quantitative analysts ("quants") not only in investment banks and central banks but also in associated software companies, hedge funds, broker-dealer firms, insurance companies and the finance departments of large corporations. The common language of modern financial markets is mathematics and those who work in this field have the opportunity for challenging and well-rewarded careers. Increasingly, a Master's degree is regarded as a prerequisite qualification to work in the industry.
The University of Miami, situated in one of the most cosmopolitan parts of the country, offers a great opportunity for the study of quantitative finance. South Florida metropolitan area is home to a large and diverse financial community, and as the gateway to Latin America, Miami exposes students to a dynamic international environment.
Find out more about our program and about the university.
