Quantitative Finance Certificate Program

1
Quantitative Finance Certificate Program

• University of Colorado at Boulder

October 21, 2004
2
What Is Quantitative Finance?

• Bridge the gap between quantitative studies and
  Finance
• Utilizes existing courses at CU
• Cooperative effort of Leeds, Economics,
  Mathematics and Applied Mathematics

3
What Types of Jobs?

• Fixed income investment analyst
• Wall Street Sales Trading (research/trading)
• Fixed income
• Derivatives
• Pension consultant
• Portfolio analyst/manager
• Quantitative equity analyst
• Treasury analyst

4
Is There a Market?

• These Universities offer graduate programs
• Carnegie Mellon
• NYU
• Stanford
• Chicago
• Cal-Berkley
• Cornell
• Columbia
• Purdue
• Oklahoma State
• Graduates average 100,00 to 130,000 total comp

5
What Is Required?

• About 60 more work in comparison to and average
  Leeds student for four years, likely with a
  lower GPA
• Very strong mathematics skills
• A grade of B is required in Calc 1,2,3
• An interest in analysis and figuring out things
• Depending on the path you choose, maybe more than
  8 semesters

6
Placement Help

• Strong support from Career Services
• Potential employers will be educated regarding
  the program
• A very high placement percentage expected

7
Many Paths to Follow

• Immediate relevant experience
  admission to top graduate schools many
  options
• Immediate enrollment in graduate quant program
• Phd in Finance or Accounting

8
Business Curriculum Exceptions

• Math Modules are replaced
• Calc 1 (APPM 1360 or MATH 1300) replaces 1081
• Linear Algebra (APPM 3310 or MATH 3130) replace
  1071
• BCOR 2010 (Business Statistics) is replaced
• Any of the 3000/4000 level stats courses listed
  in our guide
• Stats becomes a co-requisite of BCOR 2100
• For regular students, it is a prerequisite

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First Three Semesters
Fall Frosh  
BCOR 1000 3
BCOR 1100 3
Econ 2010 Micro 4
APPM 1350/MATH 1300 Calc 1 4/5
AS Content 3
Total 17/18
Spring Frosh  
APPM 1360/MATH 1400 Calc 2 4/5
Econ 2020 Macro 4
SYST 2010 VBA Programming 3
AS Content 3
AS Science 3
Total 17/18
Fall Sophomore  
BCOR 2000 Accounting 4
BCOR 2050 Marketing 3
APPM 2350/Math 2300 Calc 3 5
AS Science 3
AS Content 3
Total 18
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Finance and Accounting
Recommended Finance And Accounting Courses Recommended Finance And Accounting Courses

Course Subject

BCOR 2000 Intro Acctg/Financial Analysis 3
BCOR 2100 Introductory Finance 3
FNCE 3010 Corporate Finance 3
FNCE 3020 Financial Markets And Institutions 3
FNCE 4030 Investments 3
FNCE 4040 Derivatives 3
FNCE 4820 Fixed income 3
FNCE 4820 Equities 3
FNCE XXXX Quant Methods in Finance (TBA) 3
Acctg 3220 Corporate Financial Reporting 1 3
Acctg 3230 Corporate Financial Reporting 2 3
Acctg 4250 Financial Statement Analysis 3
Total 36
Required Finance/Accounting Courses Required Finance/Accounting Courses Required Finance/Accounting Courses

Course   Subject

BCOR 2000   Intro Acctg/Financial Analysis 4
BCOR 2100   Introductory Finance 3
FNCE 3010   Corporate Finance 3
FNCE 3020   Financial Markets And Institutions 3
FNCE 4030   Investments 3
FNCE 4040   Derivatives 3
Acctg 3220   Corporate Financial Reporting 1 3
    One Elective From Specific List 3
Total 25
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Economics
Required Economics Courses Required Economics Courses Required Economics Courses

Course   Subject

ECON 2010   Principles of Microeconomics 3
ECON 2020   Principles of Macroeconomics 3
ECON 3070   Intermediate Microeconomic Theory 3
ECON 4808   Introduction to Mathematical Economics 3
ECON 4818   Introduction to Econometrics 3
       
Total 15
Note you can take ECON 1000/3070/3080 rather
than 2010/2020/3070
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Systems/Programming

• At least one programming course is required
• Visual Basic
• Java
• C
• Most Leeds students will take SYST 2010
• Visual Basic (used in Excel macros)
• Counts as a business elective
• An additional course is recommended

13
Mathematics/Statistics
Required Mathematics and Statistics Courses Required Mathematics and Statistics Courses Required Mathematics and Statistics Courses

APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods/Linear Algebra 3
    One Listed Statistics/Probability Course 3
    One Additional Listed Math/Stats Course 3
Total Hours 22-24
14
Minimum Data Analysis
Data Analysis Emphasis Data Analysis Emphasis


APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 4570   Statistical Methods 3
APPM 4580   Statistical Applications/Software 3
Total Hours 22-24
15
Full Data Analysis
APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 4570   Statistical Methods 3
APPM 4580   Statistical Applications/Software 3
APPM 7400   Advanced Topics In Statistics 3
APPM 7400   Advanced Topics In Statistics 3
Total Hours 28-30
16
Math Theory Track
Credit
Course   Subject Hours

APPM 1350 MATH 1300 Calculus I 4/5
APPM 1360 MATH 1400 Calculus II 4/5
APPM 2350 MATH 2300 Calculus III 5
APPM 3310 MATH 3130 Matrix Methods 3
APPM 3570 MATH 4510 Applied Probability 3
APPM 3050   Scientific Computing - Matlab 3
APPM 4520 MATH 4520 Intro To Mathematics Statistics 3
APPM 4540 MATH 4540 Intro To Time Series 3
APPM 4560   Markov Processes, Monte Carlo 3
Total Hours 31/33
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Contacts

• Jerry Madigan madigan_at_colorado.edu
• Documents are on my website (find link through
  the Leeds faculty listing)
• Dr. Eric Hughson Eric.Hughson_at_colorado.edu
• Contacts in Economics, Mathematics and Applied
  Mathematics available at website