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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.

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

First Semester

Fall Start Spring Start
MGF 633 Investment Management                                MGF 633 Investment Management
MGF 634 Quantitative Method

MGF 635 Financial Derivatives

MGF 635 Financial Derivatives MGF 638 Fixed Income Securities
Elective (select one) Elective (select one)

Second Semester

Fall Start Spring Start
MGF 636 Complex Financial Instruments                           
MGF 634 Quantitative Methods
MGF 637 Financial Modeling MGF 637 Financial Modeling
MGF 638 Fixed Income Securities

MGF 696 Portfolio Theory and Strategy

Elective (select one) Elective (select one)

Third Semester

Fall Start Spring Start
MGF 696 Portfolio Theory and Strategy                          

MGF 636 Complex Financial Instruments

Elective (select two) Elective (select two)
Capstone Course (select one):
MGF 644 Conducting Research: Fixed Income Securities
MGF 645 Conducting Research: Equities
Capstone Course:
MGF 644 Conducting Research: Fixed Income Securities

Electives

  • MGA 604 Financial Analysis and Reporting
  • MGA 632 Financial Statement Analysis
  • MGE 602 Global Economics and the Business Firm
  • MGE 692 Special Topics in Economics
  • MGF 632 Corporate Governance, Finance and Management
  • MGF 639 Security Trading and Exchange Design
  • MGF 641 Financial Policies and Strategy
  • MGF 646 Institutional Investing
  • MGF 657 Financial Innovation
  • MGF 661 Management of Financial Institutions
  • MGF 675 Multinational Banking and Finance
  • MGF 685 International Financial Management
  • MGF 690 Special Topics - Financial Analysis with R
  • MGF 691 Special Topics in Finance
  • An alternative graduate course may be approved by the program director as an elective.

Note: Not all electives are offered every semester.

Prerequisites

If your undergraduate degree is in a nonbusiness discipline, you must have completed business and mathematics courses equivalent to those below:

View course descriptions.

  • Economics (equivalent to MGE 302)
  • Finance (equivalent to MGF 301) 
  • Calculus III (equivalent to MTH 241)
  • Mathematical Statistics (Equivalent to MTH 411 or MTH 412)

If you do not have a business background, but are strong in math or a quantitative discipline like engineering, we encourage you to apply for the MS Finance program. If you are conditionally admitted, you may be required to complete a preparatory curriculum in accounting, economics, finance or statistics.