# Electives and Tracks

## List of Elective Courses by Career Tracks

All students completing a Masters of Financial Mathematics must take at least three electives. We developed career concentrations that can guide your selections of elective courses. Tracks are tied to career paths and designed to prepare you for the right job after graduation. More guidance on track’s selection and the selection of courses will be provided on summer orientation, which is part of MFM preparation program.

Track | Course Name | Course ID |
---|---|---|

Risk Management |
| FIM/MA 549 |

| ISE 519 | |

| MBA 518 | |

| MBA 527 | |

| MBA 521 | |

Data Science for Finance |
| ISE 519 |

| ST 503 | |

| ST 516 | |

| ST 540 | |

| ST 590 | |

| ST 562 | |

| ST 555 | |

Portfolio Management |
| OR(ISE) 504 |

| OR(ISE) 505 | |

| OR 506 | |

| MBA 523 | |

| MBA 524 | |

| MA(OR,E) 531 | |

| ISE 519 | |

Actuarial Science |
| ECG 701 & 702 |

| ECG(ST) 750 | |

| ECG(ST) 751 | |

| ECG(ST) 752 | |

| ECG(ST) 753 | |

| MA(ST) 747 | |

| MBA 518 | |

PhD Preparation |
| OR(ISE) 505 |

| ECG(ST) 751 | |

| ECG(ST) 752 | |

| MA 523 | |

| MA 540 | |

| MA(ST) 546 | |

| ST 730 | |

| ST 740 | |

| MA 791 |

## List of Elective Courses by Departments

The following list is the most updated list of electives for FM students as of Spring 2018.

__Computer Science Department (CSC)__

__Computer Science Department (CSC)__

__Economics Department (ECG)__

__Economics Department (ECG)__

__Industrial Engineering Department (ISE)__

__Industrial Engineering Department (ISE)__

__Business Administration Department (MBA)__

__Business Administration Department (MBA)__

__Mathematics Department (MA)__

__Mathematics Department (MA)__

- FIM/MA 549 Financial Risk Analysis
- MA 515 Analysis I
- MA 520 Linear Algebra
- MA 523 Linear Transformations and Matrix Theory
- MA 532 Ordinary Differential Equations I
- MA 534 Introduction To Partial Differential Equations
- MA 540 Uncertainty Quantification for Physical and Biological Models
- MA 544 Computer Experiments In Mathematical Probability
- MA/ST 546 Probability and Stochastic Processes I
- MA 555 Introduction to Manifold Theory
- MA/BMA 573 Mathematical Modeling of Physical and Biological Processes I
- MA/BMA 574 Mathematical Modeling of Physical and Biological Processes II
- MA 584 Numerical Solution of Partial Differential Equations–Finite Difference Methods
- MA 587 Numerical Solution of Partial Differential Equations–Finite Element Method
- MA 715 Analysis II
- MA 723 Theory of Matrices and Applications
- MA/ST 746 Introduction To Stochastic Processes
- MA/ST 747 Probability and Stochastic Processes II
- MA/ST 748 Stochastic Differential Equations

__Operational Research Department (OR)__

__Operational Research Department (OR)__

- OR/ISE 501 Introduction to Operations Research
- OR/MA 504 Introduction to Mathematical Programming
- OR/ISE/MA 505 Linear Programming
- OR 506 Algorithmic Methods in Nonlinear Programming
- OR/E/MA 531 Dynamic Systems and Multivariable Control I
- OR/MA 719 Vector Space Methods in System Optimization
- OR/ISE 772 Stochastic Simulation Design and Analysis
- OR/BMA/MA/ST 773 Stochastic Modeling

__Statistics Department (ST)__

__Statistics Department (ST)__

- ST 503 Fundamentals of Linear Models and Regression
- ST 505 Applied Nonparametric Statistics
- ST 512 Experimental Statistics For Biological Sciences II
- ST 552 Linear Models and Variance Components
- ST 555 Statistical Programming I
- ST 556 Statistical Programming II
- ST 563 Introduction to Statistical Learning (available soon)
- ST 564 Statistical Thinking and Big Data (available soon)

**Notes:**

1. To complete a track, complete 3 or more electives in a particular list. Participating in a track

will have no impact on your official transcript and is not a requirement of the program, but adding

a track to your resume can help with your career search.

2. Courses in the Data Science Foundations Graduate Certificate Program also count towards

the Data Science for Finance Track.

3. Only 2 MBA classes can be used as electives.

4. Students following the actuarial track are encouraged to take MA(ST) 412 and MA(ST) 413;

however, these courses will not count towards the MFM degree.

5. If a course does not appear on this list, seek approval from your academic adviser.

6. You can also take classes at UNC or Duke through NCSU Exchange Program.

7. For the most updated list of available NCSU courses for each semester please search here.

**Availability of courses:** Seeing a course listed as an elective is not a promise to offer the class.

Similarly, courses in these Tracks are necessarily offered on a regular basis. When courses are

offered, they are not necessarily available to MFM students.