DEGREE REQUIREMENTS (Expected effective Fall 2011)

Students are required to complete thirty (30) units of course work (6 core courses and 4-5 elective courses- click here for course descriptions). Students are required to satisfy a summative experience for degree completion. This will be in the form of registration in one unit of Math 590 Directed Research with a final summative report at the end of the term. Topics of research will be determined by the Program Director. The program consists of:

Required Core Courses (6 courses, 18 units)

COURSECOURSE TITLEUNITS
Mathematics and Mathematical Finance
MATH530ab Stochastic Calculus and Mathematical Finance  
3-3
MATH 512 Financial Informatics and Simulation
3
MATH 590 Directed Research
1
Financial Economics and Econometrics:
ECON 613 Economic and Financial Time Series 
4
ECON 659 Economics of Financial Markets
4


Elective Courses (4 courses, 12 units)

COURSECOURSE TITLEUNITS
Computational and Empirical Finance (must take at least 2 courses)*:
FBE 535 Applied Finance in Fixed Income Securities
3
FBE 554 Trading and Exchanges
3
FBE 555* Investment Analysis and Portfolio Management
3
FBE 559 Managements of Financial Risk
3
FBE 589 Mortgages and Mortgage-Backed Securities and Markets
3
* FBE 555 Highly Recommended
Statistics*
MATH 541ab Introduction to Mathematical Statistics
3-3
MATH 543L Nonparametric Statistics
3
MATH 547 Methods of Statistical Inference
3
Numerical/Optimization/Other Methods*
MATH 501 Numerical Analysis and Computation
3
MATH 502ab Numerical Analysis
3-3
MATH 504ab Numerical Solution of Ordinary and Partial Differential Equations
3-3
MATH 505ab Applied Probability
3-3
MATH 508 Filtering Theory
3
MATH 509 Stochastic Differential Equations
3
MATH 585 Mathematical Theory of Optimal Control
3
Computational and Financial Economics*
ECON 614 Economic and Financial Time Series II
4
ECON 652 Economics of Financial Markets II
4
PM 511ab Data Analysis
3-3


Pre-requisites for any of the above courses can be waived based on students’ knowledge of the subject area. Approval from the program director is required.

*The elective courses in statistics/numerical/optimization/other methods and computational and empirical finance have to be approved for each student by the program directors. Other electives, not on this list, may sometimes be approved after consultation with program directors.

All graduating students will also be required to complete an exit survey to fully complete the MSMF program. You will typically receive this survey when you complete your degree check in your last semester of studies.  Please see your advisor for additional information.



  • University of Southern California
  • Dana and David College of Letters, Arts & Sciences
  • Department of Mathematics
  • 3620 S. Vermont Ave, KAP 108
  • Los Angeles, CA 90089-2532