Quantitative Finance Track

Are you ready for the next step in your finance career?

  • Focus on equity, bond and derivative markets in a curriculum built on advanced mathematics, finance and statistics.
  • Hone your skills in such topics as traditional CFA-relevant finance principles, quantitative methods, complex financial instruments and mathematical modeling using stochastic calculus.
  • Prepare for a wide variety of finance careers, from managing foreign-exchange risk for a multinational corporation, to designing complex corporate securities at an investment banking firm, to managing interest rate risk using derivatives at a major commercial bank.

Contact Us

Graduate Programs Office
School of Management
University at Buffalo
203 Alfiero Center
Buffalo, NY 14260-4010

Tel:  716-645-3204
Fax: 716-645-2341
som-apps@buffalo.edu
Meet our Team

The MS Finance is a STEM (science, technology, engineering and mathematics) curriculum with 36 credits typically completed in three semesters. Some students extend to a fourth semester, and UB undergraduate students may be able to complete the program in two semesters. All majors are welcome; however, business, math, economics and engineering majors are ideally suited to the program, provided you have the requisite calculus background.

Curriculum

Fall Start

MGF 633LEC Investment Management

This course provides students with a general understanding of the operation of capital markets and basic analytical tools of investment management. Specifically, the course covers such topics as principles of valuation, risk analysis, modern portfolio theory, Capital Asset Pricing Model (CAPM), market microstructure, index models, arbitrage pricing models, bonds and common stocks valuation, efficient market hypotheses, investment management, and option pricing models.

Credits: 3.00
Semesters offered: Fall 2018 | Spring 2018


MGF 634LEC Quantitative Methods in Finance

The objective of this course is to ensure students have a solid foundation in the mathematical foundations required to understand and work with complex financial securities and derivatives. This foundation will be useful in higher level finance courses and as practitioners working in financial markets. Topics covered include stochastic calculus, continuous time finance, numerical methods, finite differences, and taylor series approximations. Applications from finance such as bond pricing, option pricing and portfolio theory are used as examples to illustrate the mathematics.

Credits: 3.00
Semesters offered: Fall 2018


MGF 635LEC Financial Derivatives

Objectives of this technical course include providing students with knowledge of specific trading mechanics, basic economic concepts and technical asset valuation tools to successfully employ a wide variety of derivative securities into a risk management context; as well as to understand risk-return tradeoffs associated with specialized speculative strategies in derivatives markets. A broad survey of rapidly-changing forward, futures, options, swaps (and other related derivative types) is followed by emphasis upon asset pricing models of complex financial instruments using both classical economic theory and advanced mathematical techniques. Basic knowledge of differential calculus is expected. Basics of stochastic calculus will be covered. Students will be prepared to employ material learned into a corporate (or smaller firm) environment for management of business-related risk from fluctuating commodity prices, interest rates changes, foreign exchange fluctuations and construction of stock/bond investment fund 'portfolio insurance'.

Credits: 3.00
Semesters offered: Fall 2018 | Spring 2018
Co-Requisite: MGF 633 or MS Accounting Majors.


Elective (select one)

Spring Start

MGF 633LEC Investment Management

This course provides students with a general understanding of the operation of capital markets and basic analytical tools of investment management. Specifically, the course covers such topics as principles of valuation, risk analysis, modern portfolio theory, Capital Asset Pricing Model (CAPM), market microstructure, index models, arbitrage pricing models, bonds and common stocks valuation, efficient market hypotheses, investment management, and option pricing models.

Credits: 3.00
Semesters offered: Fall 2018 | Spring 2018


MGF 635LEC Financial Derivatives

Objectives of this technical course include providing students with knowledge of specific trading mechanics, basic economic concepts and technical asset valuation tools to successfully employ a wide variety of derivative securities into a risk management context; as well as to understand risk-return tradeoffs associated with specialized speculative strategies in derivatives markets. A broad survey of rapidly-changing forward, futures, options, swaps (and other related derivative types) is followed by emphasis upon asset pricing models of complex financial instruments using both classical economic theory and advanced mathematical techniques. Basic knowledge of differential calculus is expected. Basics of stochastic calculus will be covered. Students will be prepared to employ material learned into a corporate (or smaller firm) environment for management of business-related risk from fluctuating commodity prices, interest rates changes, foreign exchange fluctuations and construction of stock/bond investment fund 'portfolio insurance'.

Credits: 3.00
Semesters offered: Fall 2018 | Spring 2018
Co-Requisite: MGF 633 or MS Accounting Majors.


MGF 638LEC Fixed Income Securities

This is a course about fixed-income securities and markets. It covers topics that are important for any MBA student that anticipates hedging interest rate exposures or otherwise transacting in the fixed-income market. The course reviews basic bond pricing concepts and important features of interest rate futures and options contracts. It also introduces a few (somewhat complicated) models of the term structure. This is a rigorous course that requires students to be familiar with basic investments and calculus concepts. While MGF633 is not a prerequisite for this course, students that are taking MGF633 simultaneously with the course will be better prepared. Like most finance courses, the course focuses more on lasting financial principles than on current institutional details.

Credits: 3.00
Semesters offered: Spring 2018


Elective (select one)

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