Financial Math Track - Ohio State Department of Mathematics

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Math Dept. Undergraduate Majors
www.math.osu.edu/ugadvising
Math Dept. Undergrad Majors
(Can do either a BA or BS)
1) Actuarial Science Major (start in a pre-major)
2) Math Major (may only choose 1 track)
a) Financial Math Track
b) Theoretical/Honors Track
c) Education Track
d) Applied Track-Chemistry or Physics options
e) Bio-Math Track
Note: You can double major in both
actuarial science and one math track, but
extra math requirements may be required
depending in the track.
• Need 18 disjoint semester hours between
the majors in the same college.
• For a dual degree (majors in different
colleges), 30 need disjoint semester hours.
I.E. no “double dipping or double
counting”.
Requirement Structure for ALL Math Majors
1) Core requirements
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Math Major Seminar (not required for Honors or
Actuarial)
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Calculus (4 quarters/3 semesters or a combo)
Intro to Proofs (not required for Actuarial Science)
Linear Algebra
Probability & Statistics
2) Track requirements
3) Electives or Applied Area
Business and Finance Tracks
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Actuarial Science Major-designed
for students who want to assess risk
for the insurance and banking
businesses
• Financial Math Track-designed for students who
want to do number crunching in the financial
market; make predictions (see Dr. David Goss, if
interested in Graduate School, GRE Math
subject test required! )
Business and Finance Tracks
Actuarial Science
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Financial Math
Calculus
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Math Major Seminar
Linear Algebra
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Calculus
Probability & Statistics
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Linear Algebra
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Theory of Interest
1 Computer Courses
Accounting
Macro & Micro Economics
Theory of Interest
Financial Economics
Business Finance
Practical Experience Course
Life Contingencies or Loss
Models Sequence
Probability & Statistics
2 Computer Courses
Accounting
Macro & Micro
Economics
Financial Economics
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Business Finance
Introduction to Proofs
2 Differential Equations
courses
Intro to Financial Math
Beginning Scientific
Computing
CRITERIA FOR ADMITTANCE
(ACTUARIAL SCIENCE ONLY)
 Have a cum. GPA of 3.0 on OSU courses AND
 Either:
1.
B- or better in Math 530, 4530, 5530H, or Stat 420,
Stat 4201 taken at Ohio State (not transferred in)
OR
2. Passage of one actuarial exam administered by
SOA/CAS
Note: You can waive actuarial requirements
if you can provide proof of passage of the
corresponding Society of Actuarial exams.
Then in order to have enough hours to
graduate, you must replace the waived
course with a different one. VEE (Validation
by Educational Experience) courses would
be appropriate.
Pure Math: Still in high demand!
Strategic skills for employment and career management
By going through any math track, including pure math,
students gain a variety of skills that make them in demand
in any job market:
• Good communication skills
• Problem solving skills
• Thorough analysis
• Critical thinking
Pure Math
• Honors Math Track -is designed to best prepare students for grad school in
mathematics (including the Financial Math/Financial Engineering->GRE Math
subject test) and grad or professional school in other subject areas
• Theoretical Math Track -is designed for students seeking a strong foundation
in classical math; it is more generic and flexible
• Education Track -is designed for students seeking high school math teaching
licensure
**Important Note: If you are interested in going to Graduate School in any mathematical area, the
Theoretical or Honors Track is highly recommended! The most well-rounded track with thorough
preparation.
Honors, Theoretical, Education
1) CORE REQUIREMENTS
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Same for all math major tracks
2) REQUIRED COURSES FOR TRADITIONAL TRACK
• Differential Equations
• Abstract Algebra Sequence
• Real Analysis Sequence
3) ELECTIVE COURSES
In addition to the above, students are required to complete a minimum of 6 hours
selected from the following list:
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Calculus on Manifolds
Combinatorial Math & Graph Theory
Complex Analysis
Discrete Modeling*
Dynamical Systems
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Number Theory
Partial Differential Equations
Beg. Scientific Computing
Theory of Interest
Vector Analysis
Financial Economics
Geometry*
History of Mathematics*
Intro to Financial Math
• Note: The honors track will take courses covering same concepts
but at the honors level (i.e. topics are covered in greater detail)
*Courses required for education track
Science Applications
Applied Math Track -is designed for students seeking a strong
foundation in math and its application to the physical sciences (Physics
or Chemistry)
Bio-Math Track –is designed for students interested in math and
biology, and/or medicine (see Dr. David Terman if interested in
Graduate School in this field)
Applied Tracks
1) CORE REQUIREMENTS
2) REQUIRED COURSES FOR THE APPLIED MATH TRACK
Differential Equations:
• Partial Differential Equations and their applications (6 hours total)
Choose any 2 of the 3
• Dynamical Systems
• Complex Analysis
• Beginning Scientific Computing
3) ELECTIVE COURSES
In addition to the above, students are required to complete a minimum of 6 hours from
Group I and 6 hours from Group II within one application option.
Group I: (math courses)
Group II: (applications)
Real Analysis
Chemistry- analytical and/or physical
Vector Analysis
Physics- dynamics of particles and waves
Mathematical Principles in Science
Applied Differential Geometry (Relativity Theory)
Calculus of Variations & Tensor Calculus
Bio-Math
1. CORE REQUIREMENTS
2. REQUIRED BIO TRACK COURSES
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Ordinary Differential Equations
Intro to Math Biology
Upper level Molecular Genetics or Biology course
Choose any 2 of the 3:
o Dynamical Systems
o Partial Differential Equations
o Beginning Scientific Computing
3. ELECTIVE COURSES (mix and match 6 credit hours from any of these categories)
Biology
Evolution
Introductory Ecology
Molecular Genetics
Microbiology
Intro to Neuroscience
Mathematics
Advanced ODE/Dynamical
System
Real Analysis
Complex or Vector Analysis
Abstract Algebra
Complex Variables
Discrete Modeling
Geometry
Intro to Mathematical
Neuroscience
Others
Biochemistry
Organic chemistry
Math Department Clubs and Perks!
• Radical Pi Math Club
o Meet on Wednesday nights
o Serve pizza
o Host regular talks on various math topics
• Actuarial Science Club
o Have speakers from companies who hire actuaries
o Students gather to study for actuarial exams
• SIAM (Society for Industrial and Applied Mathematics)
o Chapter meetings starting soon! Email Kelsey Boyd.287@osu.edu if interested.
Undergrad Student Study Space
• Stop by the Math Student Study Space (MA 052) to find convenient lunch
amenities, enjoy a quiet working environment, borrow resources books
and periodicals, and find study groups to help on those difficult
problems!
Want to become a Math/Pre-Actuarial Major or Minor?
Math Advisors are now College Advisors. To schedule
an appointment, call 292-6961 for the following
services:
1) Switching majors and GE requirements
Here is what you do!
2) Mapping out tracks, discussing minors, etc.
3) Withdrawal/curriculum petitions, re-instatements,
probation/dismissal
4) Graduation
Have more questions?
• Come to the Math Advising Office!
• 250 Math Building
• Walk-in office hours: M-R 10-4; F 10-2
o Services include: schedule adjustments, test referrals, applying for
the math minor, or 10-15 min. per person quick questions
• Call or Email us!
• 292-6994
• mathadvisors@math.osu.edu
• Find more information on your own at:
• www.math.osu.edu/ugadvising
• Shelving unit outside of our office with lots of career information
OR…
Ask us now!
And don’t forget to like us on Facebook @
http://www.facebook.com/MathAdvisingOffice !
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