Bachelor of Science in Quantitative Finance

The Stevens QF program has been designed to provide students with a thorough and rigorous foundation in this multi- disciplinary field. Students will be selected for strong quantitative aptitude, high motivation and work ethic, and a strong interest in the field of Computer Science, Business and Finance.

Over the course of eight semester terms, through approximately 135 credit-hours of course work, students may choose to follow one out of main “threads” in the QF curriculum.

Quantitative Finance Curriculum

Term I

CAL 103Writing and Communications Colloquium

3

MA 121Differential Calculus

2

MA 122Integral Calculus

2

QF 106Fundamentals of Probability for Finance

3

MIS 110Creative Problem Solving in Computing

3

QF 101Quantitative Finance

3

QF 104Data Management in R

1

Term II

CAL 105CAL Colloquium: Knowledge, Nature, Culture

3

MA 125Vectors and Matrices

2

MA 126Multivariable Calculus I

2

CS 115Introduction to Computer Science

4

QF 102Basic Financial Tools

3

QF 112Statistics Quantitative Finance

3

QF 103Introduction to Financial Tools and Technology

1

BT 290Business Career Seminar

0

Term III

MA 221Differential Equations

4

CS 135Discrete Structures

4

Or

MA 134Discrete Mathematics

3

ACC 200Financial Accounting

3

QF 200Financial Econometrics

3

QF 212Advanced Probability and Stochastic Processes for Quantitative Finance

3

Term IV

MA 225Infinite Series

2

MA 231Nonlinear Optimization

2

CS 284Data Structures

4

ECON 242Introduction to Economics

3

BT 321Corporate Finance

3

QF 202Financial Time Series

3

Term V

MGT 300Business Communications

3

QF 301Advanced Time Series Analytics and Machine Learning

3

QF 435Risk Management for Capital Markets

3

CS 385Algorithms

4

BT 325Financial Statement Analysis

3

Or

FIN 510Financial Statement Analysis

3

QF
Concentration

3

Term VI

QF 302Financial Market Microstructure and Trading

3

QF 343Introduction to Stochastic Calculus for QF

3

QF
Concentration

3

QF
Elective

3

Humanities Requirement 100-200 Level

3

Science Requirement

3

Term VII

QF 430Introduction to Derivatives

3

MGT 411Senior Design I

3

QF
Elective

3

QF
Concentration

3

General Elective

3

Term VIII

QF
Concentration

3

MGT 412Senior Design II

3

QF
Elective

3

General Elective

3

Humanities Requirement 300-400 Level

3

Note:

CAL 103, CAL 105, and Humanities Requirement: Students are required to take two additional Humanities courses other than CAL 103 and CAL 105. One must be at the 100/200 level and one must be at the 300/400 level. Courses must cover at least two different disciplines. 

Choose from a list of approved science courses.

Choose a QF concentration from Accounting, Quantitative Methods, Computer Science or Finance and Economics

Choose from a list of approved QF electives.

Students must select one course from the following science courses:

PEP 123Physics for Business & Technology I

3

PEP 111Mechanics

3

CH 115General Chemistry I

3

PEP 151Introduction to Astronomy

3

BIO 201Introduction to Biology for Non-Science and Non-Engineering Majors

3

BIO 281Biology and Biotechnology

3

Students can select one of the following QF concentrations:

Accounting:

This thread draws on the advanced accounting curriculum and is designed to give an in depth look into the field of accounting. Students will begin with intermediate Accounting 1 and 2 and choose from electives that will focus on specialized areas in accounting.

Required Coursework:

ACC 311Intermediate Accounting I

3

ACC 312Intermediate Accounting II

3

Students select 2 courses from the following:

ACC 421Auditing

3

ACC 431Advanced Accounting

3

ACC 352Federal Taxation of Business Entities

3

ACC 351Federal Taxation of Individuals

3

ACC 385Fraud Examination and Forensic Investigation

3

ACC 510Financial Statement Analysis

3

Or

FIN 510Financial Statement Analysis

3

ACC 535Accounting Data Analytics

3

ACC 555Retirement and Estate Planning

3

ACC 585Fraud Examination and Forensic Investigation

3

ACC 620Accounting Regulations

3

Data Analytics:

 

Students select 4 courses from the following:

BT 370Human Centered Design

3

BT 417Market Analytics & Research

3

BT 422Decision Making

3

BT 435Social Media and Network Analysis

3

BT 466Data Analytics

3

CS 442Database Management Systems

3

CS 546Web Programming

3

CS 559Machine Learning: Fundamentals and Applications

3

BIA 660Web Mining

3

BIA 674Supply Chain Analytics

3

FA 550Data Visualization Application

3

FA 595Financial Technology

3

Quantitative Methods:

This thread draws on the curriculum of Stevens’ Mathematics department and includes a minimum of one year of calculus, and one year of probability and statistics. Electives in this thread extend to more advanced calculus (multivariable, stochastic) and other quantitative techniques used in advanced financial applications.

Required Coursework:

MA 232Linear Algebra

3

MA 331Intermediate Statistics

3

FE 530Introduction to Financial Engineering

3

MA 575Optimization Models in Quantitative Finance

3

Computer Science:

This thread draws on the curriculum offered by the Stevens Computer Science department (in the School of Science and Engineering). It begins at the introductory level, building to a reasonable proficiency in C++, basic financial modeling tools and techniques, and an intermediate level of proficiency in web- based programming; beyond the required core. There are elective courses in fields such as data mining, machine learning and computerized trading platform architectures for students interested in developing advanced computer science capabilities.

Students select 4 courses from the following:

BIA 660Web Mining

3

CS 442Database Management Systems

3

CS 546Web Programming

3

CS 559Machine Learning: Fundamentals and Applications

3

FE 522C++ Programming in Finance

3

FA 550Data Visualization Application

3

Finance:

This thread draws on the Business & Technology Program. It encompasses the standard business and finance foundation disciplines such as accounting, economics, corporate and international finance and capital markets—as well as QF—specific topics such as financial engineering, risk management, and market regulation & securities law.

Required Coursework:

BT 426Equity Valuation

3

BT 440Money, Banking and Financial Institutions

3

Students select 2 courses from the following:

BT 425Portfolio Management

3

BT 442Fixed Income Analysis

3

BT 454International Economics and Finance

3

Economics

Students select 4 courses from the following:

BT 343Intermediate Macroeconomics

3

BT 344Intermediate Microeconomics

3

BT 436Game Theory

3

BT 454International Economics and Finance

3

MGT 451Computational Models of Thought and Behavior

3