Master of Science in MATHEMATICAL FINANCE

KURT BOMBIEN ,08

VICE PRESIDENT – CORPORATE TREASURY MIDDLE OFFICEBANK OF AMERICA

When I started in the Mathematical Finance program at UNC Charlotte, I was interested in transitioning my career from engineering to the financial industry. Pairing the business background I gained from the program and my analytical skills, I was able to secure a position in banking halfway through the program. In my current position, I continue to leverage my understanding of financial derivatives to manage and improve treasury processes.

PUT YOUR FINANCIAL SKILLS TO THE TEST.You’re a problem solver, with the analytical aptitude to navigate today’s complex financial services

industry. You’re looking to broaden your knowledge base and advance your career.

Firms of all types - but especially f inancial institutions - rely on highly sophisticated mathematical

models to identify, measure and manage risk. UNC Charlotte’s M.S. in Mathematical Finance program

trains you to connect your quantitative skills to the world of finance. You’ll benefit from a program that

was developed in collaboration with industry leaders to give you the essential knowledge needed to succeed

in today’s fast-paced financial arena.

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CHARLOTTE AT A GLANCE:

• 2nd largest financial center in the U.S., with more than $2.2 trillion in assets. • 16th largest city in the US. • Home to eight Fortune 500 headquarters and more than 930 global companies. • The Charlotte region attracts nearly 100,000 newcomers each year.

Charlotte is a vibrant city, a modern and forward-looking business center that has transformed from a regional business hub to the second-largest financial services center in the United States.

Home to the global headquarters of eight Fortune 500 companies, the region has become a magnet for ambitious and aspiring young professionals from all over the globe. Beyond banking, opportunities for financial professionals can be found in industries as varied as healthcare, energy and retail/distribution.

Just as the city has evolved, so has UNC Charlotte. With innovative academic programs and research centers in its seven colleges, the university actively collaborates with local business leadership to incorporate emerging business trends, ideas and innovations into its academic programs.

Strategic vision, relentless drive and unbridled optimism have branded both the Charlotte region and UNC Charlotte as models of innovation and progress.

A CITY ON THE RISE. A UNIVERSITY WITH VISION.

UNC CHARLOTTE CENTER CITY

WHERE AMBITION MEETS OPPORTUNITY.

In the Fall of 2011, UNC Charlotte opened the doors of its new Center City campus. Located in Charlotte’s vibrant business core, the 11-story facility serves as a hub connecting the business community to our students, faculty and alumni.

UNC Charlotte takes pride in developing academic programs that anticipate and respond to the evolving business environment. In 2003, the Belk College of Business began collaborating with the College of Liberal Arts and Sciences to develop the Mathematical Finance program.

Together, the two colleges worked with industry leaders to design this highly specialized program which meets the workforce needs of the increasingly complex financial services industry. To ensure that students are equipped with the essential knowledge needed to succeed in the ever-changing financial landscape, industry leaders continue to be actively involved in the content and delivery of the curriculum.

SUCCESS HAS A NEW ADDRESS. NINTH AND BREVARD, TO BE EXACT.

WHERE AMBITION MEETS OPPORTUNITY.

JOHN SHINERUNC Charlotte’s location and connections in a financial hub like Charlotte were two important factors that drew me to the Mathematical Finance program. As a student, I’ve gained valuable exposure to the business side of finance while strengthening the quantitative skills I’ll need to be successful in the finance industry. The career development programs offered by the Belk College have helped me become a more well-rounded professional.

Whether you’re a new graduate in finance or mathematics, refocusing your career, or transitioning into a new job, the M.S. in Mathematical Finance program at UNC Charlotte can help you kick start your career.

MODEL YOUR FINANCIAL FUTURE.

Developed as a collaboration between the Belk College of Business and the College of Liberal Arts & Sciences, the Mathematical Finance program at UNC Charlotte provides a balanced approach to broadening your understanding of financial modeling. As a student in the program, you’ll gain a solid background in finance while using your mathematical skills to identify, measure and manage risk.

The Mathematical Finance program at UNC Charlotte is designed to prepare students to pursue financial careers in a variety of industries. Graduates of the program have gone onto careers in investment banking, financial modeling, software development, risk management, trading desk support and portfolio management.

The Mathematical Finance program is structured for both full-time and part-time students. Some of our students attend full-time and finish in 18 months. Working professionals who attend part-time usually take 24-36 months to complete the program.

Attending UNC Charlotte also makes good financial sense. In keeping with the tradition of the UNC system, we offer very affordable tuition rates for North Carolina residents. Out-of-state students also realize a tremendous economic value. Scholarships and assistantships are available for outstanding candidates.

In short, UNC Charlotte’s Mathematical Finance program is a top-quality graduate education with an outstanding return on your investment.

Dr. Clark teaches a variety of courses in the M.S. in Mathematical Finance program at UNC Charlotte, including fixed income securities and credit risk, financial economic theory, and interest rate models and credit derivaties. His areas of expertise, which include securities and derivatives markets, asset pricing, financial risk management and applied probability, have been featured in Review of Derivatives Research, Review of Futures Markets and the Journal of Risk and Insurance. Dr. Clark was the 2011 recipient of the Belk College award for Excellence in Graduate Teaching.

DR. STEVEN CLARK Associate Professor of Finance

Dr. Xu’s research work on risk measure, risk minimization, incomplete market derivative pricing and hedging, and optimal stopping problems, has been featured in the Journal of Applied Probability, Quantitative Finance, Risk, Annals of Finance, Journal of Business and Entrepreneurship, Review of Futures Markets, and Mathematical Methods of Operations Research. In August 2005, she received a grant from the National Science Foundation on Risk Measure Pricing and Hedging from the Decision, Risk and Management Science Program. Dr. Xu has taught Stochastic Calculus for Finance and PDE for Finance courses in the Mathematical Finance Program.

DR. MINGXIN XU Associate Professor of Mathematics & Statistics

WITH OUR FACULTY, IT’S WHO YOU KNOW. AND WHAT THEY KNOW.

Dr. Depken teaches a variety of applied economics courses, including econometrics, international economics, industrial organization and sports economics. He currently serves on the editorial boards of several journals and is the co-editor of Contemporary Economic Policy. Considered an expert in sports economics, Dr. Depken has been interviewed by The Wall Street Journal, Newsweek, Bloomberg Businessweek, The Economist, and ESPN.com. He is also a member of the Coweeta Long Term Ecological Research Project, funded by the National Science Foundation, which contributes original research in how local development and public policy impacts ecosystem services. In 2011, Dr. Depken was awarded the best paper in “Innovative Thinking” by the American Real Estate Society.

DR. CRAIG DEPKEN Professor of Economics

Dr. King is chair of the Department of Finance in the Belk College of Business. She teaches financial management, corporate finance, financial markets and instruments, and fixed income securities. Dr. King’s research in banking, financial management, and quantitative finance has been published in many top journals, including the Journal of Finance, Journal of Business, Journal of Money, Credit and Banking and Financial Management. She has won several best paper and research awards for her work in corporate finance and fixed income securities.

DR. TAO-HSIEN DOLLY KINGProfessor of Finance / Rush S. Dickson Professor

WITH OUR FACULTY, IT’S WHO YOU KNOW. AND WHAT THEY KNOW.

ZHUOLI (KITTY) HUANGBecause I was transitioning in my career, finding the right internship experience was crucial. The Math Finance program gave me the career development support I needed and helped me land an internship at a top financial-services company in Charlotte. I’m now able to leverage the financial modeling and risk management skills I’ve learned in the classroom to build professional experience, which should make me more competitive in the job market.

A diploma will only get you so far. To compete in today’s highly competitive work environment, you’ll want to take advantage of professional development opportunities outside the classroom. The Belk College offers a wide array of programs for graduate students to help you be better positioned after graduation.

EXERCISE YOUR OPTIONS.

TECHNOLOGY RESOURCESThe Belk College Financial Trading Room offers students access to a Bloomberg Professional terminal, the industry standard source for news and data from financial markets around the world.

PROFESSIONAL DEVELOPMENT SEMINARSExpand your knowledge base by attending the Belk College’s regular professional development seminars. Topics range from building your network and successfully marketing yourself to interviewing, negotiations and business etiquette.

NETWORKINGBuild your personal and professional connections through a variety of networking programs, including guest speakers, panel discussions and social events for students and alumni. Student organizations also provide professional network-building and leadership opportunities.

CAREER COACHINGDefine your professional development plan in one-on-one career counseling sessions. You and your career coach will explore personal and career development topics such as personal branding, managing your internship or job search, networking strategies and professional performance techniques.

JACKI JENSENIUS ,08

RISK MANAGEMENT CONSULTANTWELLS FARGO BANK, NA

As an undergraduate math major, I was looking for a graduate program that would build on my “quant” skills and also provide practical applications for my interest in financial services. UNC Charlotte’s Math Finance program did both. The program gave me a strong foundation in finance while introducing me to the analytical and risk-management skills I use on a daily basis in my current position.

APPLY TODAY.MATHFINANCE.UNCC.EDU/INVEST

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M.S. in MATHEMATICAL FINANCE

UNCCHARLOTTE

UNC Charlotte seeks a diverse group of students for the M.S. in Mathematical Finance program. Applications are evaluated on a number of factors, including past academic performance, GRE/GMAT scores, and references.

Admission Requirements •AbaccalaureatedegreeinarelatedfieldwithaGPAofatleast2.75 ona4.0scale,withanaverageof3.0inthejuniorandsenioryears. •Anofficialtranscriptofallpreviousacademicwork. •AcceptablescoresoneachportionoftheGRE,oraGMATscore withaminimumscoreofatleastthe85thpercentileonthemathportion. •Atleastthreeevaluationsfrompersonsfamiliarwiththeapplicant’s professionaland/oracademicqualifications.

Specificcourseworkequivalenttothefollowing:introductorycourseintheTheoryofFinance;astandardthree-semestersequenceinCalculus;LinearAlgebra;Micro-andMacro-Economics;atleastoneupper-levelcourseinProbabilityandStatistics.Applicantsshouldalsohaveaworkingknowledgeofasuitableprogramminglanguage.Studentslackingthiscourseworkmaybeadmittedsubjecttotheconditionthattheysatisfactorilycompletesuchcourseworkduringthefirsttwosemesterstheyareenrolledintheprogramandpriortotheirtakinganyprogramcourseswhereprerequisitesaremissing.

International Students In addition to all the requirements listed above, international students mustsubmitproofofproficiencyinEnglishinoneofthefollowing:

•TOEFL(TestofEnglishasaForeignLanguage):Minimumscore is220forthecomputer-basedtest,or83fortheInternet-basedtest. •IELTS(InternationalEnglishLanguageTestingSystem):Minimum overallbandscoreis6.5. •MELAB(MichiganEnglishLanguageBattery):Minimumscoreis78.

Deadlines TheMathematicalFinanceprogramadmitsstudentsthroughouttheyearona rollingbasis.Prioritywillbegiventoearlyapplications.Forapplicationdeadlines, visit graduateschool.uncc.edu.

•InternationalstudentsshouldrefertotheInternationalAdmissions websitefordeadlinesandadditionaladmissionsinformation. •TheapplicationprocessismanagedbytheUNCCharlotteGraduate SchoolandUNCCharlotteInternationalAdmissionsOffice.

Application questions:Allison Brinkley | Admissions Counseloremail: abrinkley@uncc.edu phone: 704.687.7267

Program questions:Dr. Weidong Tian | Program Directoremail: wtian1@uncc.edu phone: 704.687.7702

Elke Phillips | Associate Director, Graduate Student Servicesemail: EMPhillips@uncc.edu phone: 704.687.7647

ADMISSIONS

M.S. in MATHEMATICAL FINANCE

UNCCHARLOTTE

TheUNCCharlotteM.S.inMathematicalFinanceprogramoffersstudentstheflexibilitytopursuetheprogramfull-timeorpart-time.Theprogramiscomprisedof30graduatecredithours(tenclasses)ofadvancedcoursework.

Preparatory CoursesThefollowingspecificcourseworkoritsequivalentisrequiredforgraduatestudyinMathematicalFinance.Withthedirector’spermission,studentsmayenrollconditionallyintheM.S.inMathematicalFinanceprogramwhilecompletingpreparatorycourses,but are required to complete Calculus I and II prior to admission.

Course Title •IntroductorycourseintheTheoryofFinance •Astandardthree-semestersequenceinCalculus(differentialandintegral) •LinearAlgebra •MicroeconomicsandMacroeconomics •Atleastoneupper-levelcourseinProbabilityandStatistics •Atleastoneprogramminglanguage(preferablyCorC++)

Core Courses (18 credit hours)

Course Title •FinancialEconomicTheory •FinancialEconometrics •FinancialElementsofDerivatives •FixedIncomeSecuritiesandCreditRisk •CrossSectionandTimeSeriesEconometrics •StochasticCalculusforFinanceI

Concentration Courses (12 credit hours)Studentsmaychooseoneofthreeconcentrations:

COMPUTATIONAL FINANCE •NumericalMethodsforFinancialDerivatives •FinancialComputing •StochasticCalculusforFinanceII •AdvancedFinancialDerivatives

RISK MANAGEMENT •RiskManagementandFinancialInstitutions •AssetandPortfolioManagement •RiskManagementinInsuranceCompanies •QuantitativeRiskManagement

FINANCIAL DATA ANALYTICS •AdvancedMicroeconometrics •AlgorithmandDataStructures •DatabaseSystemsorAppliedDatabases •BusinessIntelligenceandAnalytics

CURRICULUM GUIDE

M.S. in MATHEMATICAL FINANCE

UNCCHARLOTTE

FINANCIAL INFORMATION

UNCCharlotteoffersavarietyofneed-andmerit-basedfinancialawardsforstudentsenteringtheMathematicalFinanceprogram.Foradditionalinformationandapplications,visitmathfinance.uncc.edu.

TuitionPART-TIME – MostNorthCarolinaresidentsattendingpart-timetake6credits(2classes)persemesterandpayapproximately$23,000in tuition and fees.

FULL-TIME – Mostfull-timeNorthCarolinaresidentspay$19,500(18months)intuitionandfeesbasedontheircourseload.

OUT-OF-STATE – Out-of-statedomesticandinternationalstudentspay$37,500(18months).

Academic FellowshipsSelectionbasedonfinancialneedand/oracademicmerit (previousacademicperformanceandGMATscore).All students admittedbyMarch15willautomaticallybeconsideredforfellowship awards.Noadditionalapplicationisrequired.

Graduate AssistantshipsFull-timestudentsmaywork20hoursperweekintheBelkCollegeofBusiness.Allfull-timestudentsadmittedbyMarch15willautomaticallybeconsidered for graduate assistantships. No additional application is required.

LoansGraduatestudentsareguaranteedStaffordLoansbythefederal government,regardlessofincome,iftheyareU.S.citizensor permanentresidents(FAFSArequired).