The Bendheim Center for FINANCE
Undergraduate Certificate
in Finance (UCF)
Sophomore Open House
Program Representative: Yacine Ait-Sahalia
Program Administrator: Melanie Heaney-Scott
April 4, 2014
How to Apply
www.princeton.edu/bcf/undergraduate/application
Electronic Application via SharePoint
access is granted to the Class of 2016 on April 1, 2014
**APPLICATION DEADLINE: MAY 31ST
What is finance?
• How are financial securities such as stocks, bonds,
currencies and derivative assets priced?
• How to manage a portfolio of financial and real
assets?
• How should a corporation or other business finance
its real assets?
• How should corporations be organized?
• What should businesses invest in?
Multidisciplinary courses across
departments
Why should I do it?
Marketable Skills
Flexible allows you to
have any major
Who Can Apply? Every Major
Engineering,
Physics,
Math,
Molecular Biology
Economics,
ORFE
Certificate
in Finance
Architecture,
Music,
Religion, History,
English, Art
Woodrow Wilson,
Politics
What does the certificate accomplish?
• The certificate attests to your proficiency in finance
• Upon graduation you will receive your degree
(e.g. A.B., B.S.E.) as well as this certificate
• You enter the program in your junior (and in special
cases, senior) year
How do I obtain an UCF?
• Prerequisites
– Mathematics
– Probability and statistics
– Microeconomics
• Two required core courses in finance
• Three additional electives
• Senior thesis must be finance related or
separate finance independent work
Grade requirements
Prerequisites:
Math
Statistics †
Microeconomics
B- average*
† A 5 in AP Stats DOES fulfill the statistics prerequisite
* Grade requirements for ECO/ORF majors
ECO 362-363
+ 3 Electives:
> C+ average
Prerequisites
ECO 310
ECO 202/MAT 222/ORF245/
PHY301 & PHY312/POL 345/
PSY251/SOC301/WWS332
MAT175 or higher
{MAT201 & 202 or MAT 203 & 204}
ECO202
APStats
Statistics and Data
Analysis for
Economists
Score = 5
PHY301/
PHY312
Statistical
Mechanics
and Politics
WWS332
Quantitative
Analysis
for Public Policy
MAT222
Introduction to
Statistics
ORF245
Statistics
Requirement
WWS 200
Statistics and
Social Science
Fundamentals of
Engineering
Statistics
SOC301
Sociological
Research
Methods
PSY251
Quantitative
Methods
Microeconomics and Mathematics
• ECO 310: Microeconomic Theory: A
Mathematical Approach
• MAT 175: Mathematics for Economics/Life
Sciences
{or higher…for example, MAT 201 and MAT202 0r MAT 203 and
MAT 204}
ECO 362:
Financial
Investments
Fall Term Only
ECO 363:
Corporate Finance
and Financial
Institutions
Spring Term Only
Total of 3 electives
List 1 Electives
At least 2 for
Eco/Orfe;
1 for all others
List 2 Electives
List 1 - Financial Applications
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
COS 445:
EAP 402:
ECO 207:
ECO 326:
ECO 332:
ECO 342:
ECO 348:
ECO 353:
ECO 365:
ECO 414:
ECO 462:
ECO 463:
ECO 464:
ECO 465:
ECO 466:
ECO 467:
ECO 468:
ECO 469:
ECO 490:
ECO 491:
ECO 492:
ECO 493:
Networks, Economics and Computing
The Japanese Financial System
Financial Accounting
Economics of the Internet: The Digital Revolution
Economics of Health and Health Care
Money and Banking
The Great Recession: Causes, Consequences, and Remedies
International Monetary Economics
Empirical Methodology of Finance
Introduction to Economic Dynamics
Portfolio Theory and Asset Management
International Financial Markets
Corporate Restructuring
Options, Futures and Financial Derivatives
Fixed Income: Models and Applications
Institutional Finance
Behavioral Finance
Valuation and Security Analysis
Financial Accounting
Cases in Financial Risk Management
The Rise of Asian Capital Markets
Financial Crisis
List 1 (cont.)
•
•
•
•
•
•
•
•
•
•
ORF 335:
ORF 350:
ORF 435:
POL345:
POL348:
WWS 332:
WWS 340:
WWS 408:
WWS 451:
WWS 524:
Introduction to Financial Engineering
Analysis of Big Data
Financial Risk Management
Quantitative Analysis and Politics
Politics and Finance
Quantitative Analysis for Public Policy
History of Financial Crises
Finance and Public Policy
Special Topics in Public Affairs
Advanced Macroeconomics
List 2 - General Methodology for Finance
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
APC 350:
CEE 460:
COS 318:
COS 323:
COS 333:
COS 423:
COS 424:
COS 425:
COS 432:
COS 436:
COS 444:
COS 461:
ECO 311:
ECO 312:
ECO 313:
ECO 315:
ECO 317:
ECO 321:
ECO 322:
ECO 341:
ECO 370:
ECO 385:
ECO 418:
Introduction to Differential Equations
Risk Assessment and Measurement
Operating Systems
Computing for the Physical and Social Sciences
Advanced Programming Techniques
Theory of Algorithms
Interacting with Data
Database and Information Management Systems
Information Security
Human-Computer Interface Technology
Internet Auctions: Theory and Practice
Computer Networks
Macroeconomics: A Mathematical Approach
Econometrics: A Mathematical Approach
Econometric Applications
Topics in Macroeconomics
The Economics of Uncertainty
Industrial Organization
Theory of Contracts and the Firm
Public Finance
American Economic History
Ethics and Economics
Strategy and Information
List 2 (cont.)
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
ELE 491:
HIS 364:
MAT 325:
MAT 330:
MAT 335:
MAT 385:
MAT 486:
MAT 391:
MAT 392:
ORF 307:
ORF 309:
ORF 311:
ORF 374:
ORF 401:
ORF 405:
ORF 409:
ORF 474:
High-Tech Entrepreneurship
International Economic History in the 20th Century
Analysis I: Fourier Series and Partial Diff Equations
Complex Analysis with Applications
Analysis II: Complex Analysis
Probability Theory
Random Processes
Mathematics in Engineering I (ODE, PDE)[MAE305/EGR305/CBE305]
Mathematics in Engineering II (PDE, Complex Variables)[MAE306]
Optimization
Probability and Stochastic Systems
Optimization Under Uncertainty
Special Topics in Operations Research and Financial Engineering
Electronic Commerce
Regression and Applied Time Series
Introduction to Monte Carlo Simulation
Special Topics in Operations Research and Financial Engineering
Course Substitution Approval for Electives
Courses not listed may be taken as an elective
if you submit the request in writing (e-mail) to
Professor Ait-Sahalia and prove that it forms
part of a coherent program in finance
Not all courses are offered every year
Check with the relevant department to
confirm course offerings
Typical Course Map for the Finance Certificate
• Freshman: Fall
ECO100, MAT201 or 175
• Freshman: Spring
ECO101, MAT202
• Sophomore: Fall
ECO202
• Sophomore: Spring
ECO310
• Junior: Fall
ECO362, elective(s)
• Junior: Spring
ECO363, elective(s)
• Senior:
elective(s), thesis / indep. work
**See website for details on electives: http://www.princeton.edu/bcf
Senior Thesis
If you are an ECO or ORFE major
* You must write a senior thesis in your
major department which contains
significant finance content which will be
verified with your thesis advisor in April of
your senior year
Independent Work
If you are NOT an ECO or ORFE major:
• You are encouraged to integrate finance into your junior
independent work or senior thesis or
• You can submit an independent paper (approximately
12-15 pgs). This can be written in conjunction with ECO
362 (fall) or ECO363 (spring) or as a separate
independent paper with significant finance content
Tracks: How to Select Electives
Selection of electives is based upon:
• Individual needs and preferences
• Following a suggested track, wherein the courses form
a coherent group
–
–
–
–
–
Math Finance Track
Corporate Finance Track
Derivatives Pricing and Risk Management Track
Investment Management Track
Information Technologies for Finance Track
Mathematical Finance Track
• Consider this track if you are interested in financial
engineering or the design of financial securities that
help manage risk
• You will study the mathematics of financial asset
pricing
– stochastic calculus
– application of stochastic calculus to arbitrage and equilibrium
in dynamic economies
Derivatives Pricing and
Risk Management Track
• Consider this track if you are interested in risk
management and financial engineering
• You will learn
– how to price options, futures and other derivative securities
– how to use these securities to manage risk
Investment Management Track
• Consider this track if you are interested in applying
macroeconomic analysis and statistical forecasting
techniques to portfolio management
• You will learn about
– the design and functioning of securities markets
– the behavior and determinants of the returns or profits on
these securities
– how to construct optimal portfolios of securities
– how to manage these portfolios
Information Technologies for
Finance Track
• Consider this track if you are interested in applying
computer-based technologies to the financial and
business world
• You will study
–
–
–
–
–
the design of efficient trading systems
the security of computer networks
managing large databases
parallel processing
algorithms, multimedia and web interfaces
Corporate Finance Track
• Consider this track if you are interested in working for
a corporation or starting your own business
• You will learn
– how to choose and finance investment projects
– about financial restructuring - is there an optimal debt-equity
ratio (capital structure)
– merger and acquisition analysis
– what determines dividend policy
– about management and regulation of banks/financial
institutions
About UCF Students…..
UCF
CLASSES
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
57
82
87
126
113
125
158
129
85
88
63
79
74
79
118
105
135
110
81
110
99
106
112
116
113
119
99
128
124
139
134
123
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
WOMEN
12
16
31
36
35
42
48
36
24
31
17
25
17
25
33
39
MEN
45
66
56
90
78
83
110
93
61
57
46
54
57
54
85
66
21%
20%
36%
29%
31%
34%
30%
28%
28%
35%
27%
32%
23%
32%
28%
37%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
4
12
16
22
16
13
26
13
21
18
14
12
12
15
30
17
38
41
30
58
48
55
55
57
30
28
26
32
32
37
43
44
0
2
4
6
8
2
12
10
7
6
5
9
7
6
7
3
14
22
32
33
30
43
42
35
18
26
13
22
19
14
29
32
1
5
5
7
11
12
23
14
9
10
5
4
4
7
9
9
57
82
87
126
113
125
158
129
85
88
63
79
74
79
118
105
UCF
ECON
WOMEN
(%)
SCIENCES
ECON
HUMANITI
ES
ORFE
WWS/
POLITICS
TOTAL
UCF
2000
How to Apply
Complete the application at
WWW.PRINCETON.EDU/BCF/UNDERGRADUATE/APPLICATION
Submission Deadline:
MAY 31 OF YOUR SOPHOMORE YEAR
How to obtain more information
• www.princeton.edu/bcf/undergraduate
• Contact Professor Ait-Sahalia
email:
yacine@princeton.edu
phone:
258-4015
office:
Bendheim 204, 26 Prospect Avenue
• Contact Melanie Heaney-Scott
email:
mheaney@princeton.edu
phone:
258-0940
office:
Bendheim 203, 26 Prospect Avenue