Required Courses

For the Master of Science degree in Financial Mathematics, students must fulfill six required courses:

1. Stochastic Processes and Statistics:
   1. MATH 236 Introduction to Stochastic Differential Equations
   2. STATS 241 Financial Modeling and Risk Management
2. Differential Equations, Simulation and Computing:
   1. Choose one:
      MATH 227 Partial Differential Equations and Diffusion Processes or
      STAT 362 Monte Carlo Sampling
   2. MATH 239 Computation and Simulation in Finance
3. Finance and Economics:
   1. Choose one:
      MATH 240 Topics in Financial Mathematics: Fixed Income Models or
      MS&E 347 Credit Risk: Modeling and Management
   2. MATH 238 (same as STATS 250) Mathematical Finance

The course descriptions for the prerequisite and elective courses can be found in the Stanford Bulletin.

At the adviser's discretion, courses taken previously that are equivalent to the above may be waived; in which case they must be replaced by elective courses in the same subject area.

If both MATH 227 and STATS 362 are taken, then one is considered to be an elective in Differential Equations, Simulation and Computing.

If both MATH 240 and MS&E 347 are taken, then one is considered to be an elective in Finance and Economics.