Quantitative Finance Specialization
The quantitative finance specialization prepares students for careers in finance that are more mathematically demanding than the typical MBA paths. In recent years we have seen an increase in the demand for analytical skills in the financial service industries. Understanding recent developments in financial markets and products requires a degree of sophistication not only in finance, but also in stochastic processes, statistics, and applied economics. Courses within both finance and statistics allow students to pursue advanced work in these areas. The financial instruments taught prepare students to enter the financial world with knowledge of still-developing assessment techniques.
Academic Advisors:
Professor Joel Hasbrouck, 212-998-0310
Professor Peter Lakner, 212-998-0476
Course List
3 credits from these Statistics courses:
| Course Number | Course Title |
| OPMG-GB.2150 | Decision Models and Analytics |
| OPMG-GB.2350 | Decision Models and Analytics |
| STAT-GB.2302 | Forecasting Time Series Data |
| STAT-GB.2308 | Applied Stochastic Processes for Financial Models |
| STAT-GB.2309 | Mathematics of Investment |
| STAT-GB.3127 | Statistical Aspects of Market Risk |
| STAT-GB.3301 | Introduction to the Theory of Probability |
| STAT-GB.3321 | Introduction to Stochastic Processes |
| STAT-GB.3383 | Frequency Domain Time Series Analysis |
AND
3 credits from these Finance courses:
| Course Number | Course Title |
| FINC-GB.2328 | Real Estate Data Science, Artificial Intelligence, and Machine Learning |
| FINC-GB.2347 | Climate Finance: An Economic and Financial Approach to Climate Change |
| FINC-GB.2375 | Managing Climate, Cyber, Geopolitical, and Financial Risk |
| FINC-GB.3105 | Volatility |
| FINC-GB.3106 | Topics in Credit Risk |
| FINC-GB.3147 | A Financial Approach to Climate Change |
| FINC-GB.3155 | Financial Analysis in Healthcare |
| FINC-GB.3180 | Topics in Cryptocurrency Investing |
| FINC-GB.3306 | Credit Risk and Bankruptcy |
| FINC-GB.3321 | Hedge Fund Strategies |
| FINC-GB.3332 | Portfolio Management |
| FINC-GB.3333 | Debt Instruments and Markets |
| FINC-GB.3324 | Digital Currencies, Blockchains, and the Financial Services Industry |
| FINC-GB.3335 | Futures and Options |
The remaining 3.0 credits can be selected from the list below:
- Statistics course from Group 1
- Any FINC-GB course (not restricted to Group 2)
- One of the following:
| Course Number | Course Title |
| INTA-GB.3145 | Investment Banking and Private Equity in Media and Entertainment Finance |
| TECH-GB.2350 | Robo Advisors and Systematic Trading |
| TECH-GB.3350 | Financial Information Systems |
For course descriptions, please see the Records & Registration website. If you are having trouble pointing your final 3.0 credits toward this specialization, please contact a program advisor from Academic Affairs and Advising (academicaffairs@stern.nyu.edu).