Program Tracks
The actuarial studies and quantitative finance certificate program offers two tracks:
- actuarial studies track
- quantitative finance track
Actuarial Studies Track
The actuarial studies track, offered by the College of Arts and Sciences, is designed to help students obtain the expertise in mathematics, economics and finance necessary to become actuaries—the mathematical planners of the insurance and pension industries.
Students in the program can be of any major or college, or can be classified as nondegree. The entrance requirement is three semesters of calculus completed with grades of B+ or better. There are a number of courses in mathematics, economics and business required to earn the certificate. The certificate is awarded by the dean of the College of Arts and Sciences.
Besides taking courses, students are encouraged to take the professional exams offered by the various actuarial societies. The entrance requirements can be waived for students who pass the first actuarial examination.
Interested students should contact one of the co-directors: David Grant at 303-492-7208 or Anne Dougherty at 303-492-4011, who will also provide advice on actuarial studies to students who are not in the program. For more information, visit the Actuarial Studies and Quantitative Finance Certificate Program webpage.
Quantitative Finance Track
The quantitative finance track, offered jointly by the College of Arts and Sciences and the Leeds School of Business, was initiated in the fall of 2004 and is designed to prepare students for financial and economics analyst positions that require outstanding quantitative skills. Often employers hire graduate students for such positions due to a shortage of undergraduates with the required combination of skills and training. This program is designed to meet this need.
The required curriculum is extensive and rigorous. Potential participants are encouraged to begin work early in their studies, preferably during the first year. Coursework draws from the Departments of Mathematics, Applied Mathematics and Economics; and the Leeds School of Business. Qualified students enrolled in any college are invited to participate.
For admittance to the program, a student must earn a GPA of 2.87 or higher in Calculus I through III. However, students may be provisionally admitted after completion of Calculus I (MATH 1300 or APPM 1350) with a grade of B or better or through advanced placement. Additional GPA requirements must be met to earn the certificate. Participants may be given preference when enrolling in certain courses in the Leeds School of Business.
Interested students should contact Daniel Brown, Leeds School of Business, at daniel.brown@colorado.edu. For more information, visit the Actuarial Studies and Quantitative Finance Certificate Program webpage.
Requirements
Overview
Curricula are rigorous and multi-disciplinary, with required coursework drawing from the Mathematics, Applied Mathematics and Economics Departments, as well as the Finance Division of the Leeds School of Business. The confluence of such widely varying material is one of the unique features of the program. Successful completion of the program requirements is a significant accomplishment.
Actuarial Studies Track
The courses listed below are the minimum required in order to complete the actuarial studies track of the program. You must achieve a grade of C- or better in all courses.
Required Courses and Credits
Code | Title | Credit Hours |
---|---|---|
Required Mathematics Courses | ||
MATH 1300 | Calculus 1 | 4-5 |
or APPM 1350 | Calculus 1 for Engineers | |
MATH 2300 | Calculus 2 | 4-5 |
or APPM 1360 | Calculus 2 for Engineers | |
MATH 2400 | Calculus 3 | 4-5 |
or APPM 2350 | Calculus 3 for Engineers | |
or APPM 2340 | Calculus 3 for Statistics and Data Science | |
MATH 2130 | Introduction to Linear Algebra for Non-Mathematics Majors | 3 |
or APPM 3310 | Matrix Methods and Applications | |
MATH 4510 | Introduction to Probability Theory | 3 |
or APPM 3570 | Applied Probability | |
MATH/STAT 4520 | Introduction to Mathematical Statistics | 3 |
MATH/STAT 4540 | Introduction to Time Series | 3 |
Required Economics Course | ||
ECON 3070 | Intermediate Microeconomic Theory | 4 |
ECON 3080 | Intermediate Macroeconomic Theory | 3 |
ECON 4070 | Topics in Microeconomics | 3 |
Required Finance/Accounting Courses | ||
BCOR 2203 & BCOR 2204 | Principles of Accounting I and Principles of Financial Management | 3 |
FNCE 3010 | Corporate Finance | 3 |
Additional Recommended Courses | ||
Markov Processes, Queues, and Monte Carlo Simulations | ||
Introduction to Statistics with Computer Applications | ||
Introduction to Econometrics | ||
Investment and Portfolio Management | ||
Derivative Securities | ||
Introduction to Operations Research | ||
Intermediate Numerical Analysis 1 | ||
Statistical Learning | ||
Total Credit Hours | 40-43 |
Quantitative Finance Track
Program requirements are extensive and challenging. Students must meet two separate GPA requirements:
- The overall GPA for all courses applied to certificate requirements must be at least 3.00.
- Students must meet a requirement specifically for mathematics and statistics courses applied to certificate requirements. This requirement can be met one of two ways, either by achieving a GPA of 2.7 or greater in calculus courses or a GPA of 3.00 or greater in the six mathematics and statistics courses required for the certificate.
Most students will begin study during their freshman year and continue throughout their undergraduate career. The number of credit hours taken may vary according to the specific courses completed.
The courses listed below are the minimum required in order to complete the quantitative finance track of our program. Please note that students must pass Calculus I, II, and III with a B grade or better in order to be admitted into the program. Students are encouraged to go beyond the minimum requirements, and most students do.
Required Courses and Credits
Code | Title | Credit Hours |
---|---|---|
Required Calculus Courses | ||
MATH 1300 | Calculus 1 | 4-5 |
or APPM 1350 | Calculus 1 for Engineers | |
MATH 2300 | Calculus 2 | 4-5 |
or APPM 1360 | Calculus 2 for Engineers | |
MATH 2400 | Calculus 3 | 4-5 |
or APPM 2350 | Calculus 3 for Engineers | |
or APPM 2340 | Calculus 3 for Statistics and Data Science | |
Linear Algebra | ||
MATH 2130 | Introduction to Linear Algebra for Non-Mathematics Majors | 3 |
or MATH 2135 | Introduction to Linear Algebra for Mathematics Majors | |
or APPM 3310 | Matrix Methods and Applications | |
Probability | ||
MATH 4510 | Introduction to Probability Theory | 3 |
or APPM 3570 | Applied Probability | |
or STAT 4000 | Statistical Methods and Application I | |
Statistics | ||
MATH/STAT 4520 | Introduction to Mathematical Statistics | 3 |
or STAT 4010 | Statistical Methods and Applications II | |
Economics Course Requirements | ||
ECON 2010 | Principles of Microeconomics | 4 |
ECON 2020 | Principles of Macroeconomics | 4 |
ECON 3070 | Intermediate Microeconomic Theory | 4 |
ECON 4818 | Introduction to Econometrics | 3 |
or ECON 4848 | Applied Econometrics | |
or ECON 4858 | Financial Econometrics | |
Principals | ||
BCOR 2203 | Principles of Accounting I | 1.5 |
or BUSM 2020 | Principles of Accounting | |
BCOR 2204 | Principles of Financial Management | 1.5 |
or BUSM 2021 | Principles of Finance | |
Finance Requirements | ||
FNCE 3010 | Corporate Finance | 3 |
FNCE 3030 | Investment and Portfolio Management | 3 |
FNCE 4040 | Derivative Securities | 3 |
Accounting/Computer Science | ||
ACCT 3220 | Corporate Financial Reporting 1 | 3 |
or CSCI 2270 | Computer Science 2: Data Structures | |
Mathematical Finance or Finance & Institutions | ||
FNCE 4070 | Financial Markets and Institutions Topic for FNCE 4820/APPM 4720 must be Mathematical Finance | 3 |
or FNCE 4820 | Topics in Finance | |
or APPM 4720 | Open Topics in Applied Mathematics | |
Elective | ||
FNCE 4000 level, ACCT 4000 level, or CSCI 3000/4000 level | 3 | |
Computer Science | 3-4 | |
Introduction to Python Programming | ||
or CSCI 1300 | Computer Science 1: Starting Computing | |
or APPM 1650 | Python for Math and Data Science Applications | |
Total Credit Hours | 60-64 |
For a complete list of requirements and further information regarding the quantitative finance track and the related actuarial studies track, see the Actuarial Studies and Quantitative Finance Certificate Program webpage. Interested students should contact Daniel Brown, daniel.brown@colorado.edu, Leeds School of Business.