The curriculum builds quantitative skills, and simultaneously develops the underlying finance theory. The quantitative component draws on applied mathematics, computer science and statistics - and emphasizes stochastic calculus, numerical methods and simulation techniques ; some programs also focus on econometrics / time series analysis . The theory component usually includes a formal study of financial economics, addressing asset pricing and financial markets; some programs may also include general coverage of economics, accounting, corporate finance and portfolio management . The components are then integrated, addressing the modelling, valuation and hedging of equity derivatives, commodity derivatives, Foreign exchange derivatives, and fixed income instruments and their related credit- and interest rate derivatives. Some programs also cover quantitative portfolio management and construction . See List of finance topics: Financial mathematics.
The title of the degree will depend on emphasis, the major differences between programs being the curriculum’s distribution between mathematical theory, quantitative techniques and financial applications . The more theoretically oriented degrees are usually termed “Masters in Mathematical Finance” or “Masters in Financial Mathematics” while those oriented toward practice are termed “Masters in Financial Engineering” (MFE or MSFE), “Masters in Computational Finance” (MCF or MSCF), or sometimes, simply "Masters in Finance" (MFin). “Masters in Quantitative Finance” is the more general degree title, although "MQF" degrees are often less theoretical. The practice oriented programs are often positioned as professional degrees (and in the United States, are sometimes offered as Professional Science Masters ).
The program is usually one to one and a half years in duration, and may additionally include a thesis component. Entrance requirements are generally multivariable calculus, linear algebra, differential equations and some exposure to computer programming (usually C++) ; programs emphasizing financial mathematics may require some background in Measure theory.
Read more about this topic: Master Of Quantitative Finance
Other articles related to "structure":
... In terms of literary structure, Revelation consists of four visions, each involving John “seeing” the plan of God unveiled, with an epilogue that concludes the book ... In terms of content, the structure of Revelation is built around four successive groups of seven the messages to the seven churches the seven seals ... symbols and phrases of Revelation are organized as a chiastic structure, a literary device used frequently in the Old Testament ...
... Since the structure is cubic, as described below, the thermal contraction is isotropic - equal in all directions ... The structure of cubic zirconium tungstate consists of corner-sharing ZrO6 octahedral and WO4 tetrahedral structural units ... which involve the coupled rotation of the polyhedral units that make up the structure, and lead to contraction ...
... The cover of each issue serves as the first panel to the story ... Gibbons said, "The cover of the Watchmen is in the real world and looks quite real, but it's starting to turn into a comic book, a portal to another dimension." The covers were designed as close-ups that focused on a single detail with no human elements present ...
2 ... Loving-kindness living Boaz and Ruth are models of an altruism for which the word "loving-kindness" has been coined (approximately translating Hebrew hesed) ...
321 kinematic structure is a design method for robotic arms (serial manipulators), invented by Donald L ... Many other industrial robots, such as the PUMA, have a kinematic structure that deviates a little bit from the 321 structure ...
Famous quotes containing the word structure:
“Who says that fictions only and false hair
Become a verse? Is there in truth no beauty?
Is all good structure in a winding stair?
May no lines pass, except they do their duty
Not to a true, but painted chair?”
—George Herbert (15931633)
“It is difficult even to choose the adjective
For this blank cold, this sadness without cause.
The great structure has become a minor house.
No turban walks across the lessened floors.
The greenhouse never so badly needed paint.”
—Wallace Stevens (18791955)
“A special feature of the structure of our book is the monstrous but perfectly organic part that eavesdropping plays in it.”
—Vladimir Nabokov (18991977)