Distinguished by its mathematically rigorous course content and direct applications to industry, WPI’s Professional Master’s in Financial Mathematics will prepare you for a successful career in the financial services industry.
Our MS financial mathematics program offers unique courses that bridge strong theoretical mathematical knowledge with practical, real-world projects, enabling you to gain industry-level experience in the classroom. Our master’s in financial mathematics also provides the opportunity to learn from and work alongside internationally renowned faculty members who are spurring advances in topics including portfolio optimization, liquidity, credit and systemic risk, and numerical methods of stochastic and partial differential equations.
Through core financial mathematics masters courses, you’ll build a strong foundation in concepts and processes involved in arbitrage-based pricing of derivative securities and fixed income securities, based on a sound understanding of measure-theoretic probability theory and stochastic processes. You’ll also take advanced courses that give you in-depth knowledge and hands-on practice in computational methods in finance, portfolio management, and market and credit risk modeling.
You will complement your financial mathematics masters studies with courses in financial management, information technology, or computer science, as well as a professional skills development seminar and capstone experience involving a project, practicum, or advanced course.
A MS financial mathematics capstone project will enable you to synthesize and apply your financial mathematics knowledge and skills in one of three ways:
My research is in the field of Mathematical Finance, which aims at building probabilistic models that provide insights into the behavior of financial market participants, and developing the underlying mathematical theories. My work focuses on the optimal investment and consumption policies in various market settings.
I received my Ph.D. in Mathematics from Boston University in 2013, and spend the next two years in the University of Michigan at Ann Arbor as a Postdoctoral Assistant Professor, before joining WPI as a tenure track Assistant Professor.
I teach many graduate courses in our Financial Mathematics Professional Master’s Program. I particularly love engaging graduate students in areas of financial mathematics; the material is exciting, cutting edge, and fun to apply and relate to current events and states of financial markets. At the undergraduate level, I teach upper-level optimization electives, as well as calculus courses. I enjoy teaching at this level, showing undergraduate students why the mathematics we study is important and relevant.
I am an applied mathematician specializing in the field of financial mathematics and engineering. Currently, I am most interested in problems involving modeling with stochastic volatility and the implied volatility surface. Another topic of my research interests lies in delegated portfolio optimization and the role played by incentive schemes paid to fund managers.
I enjoy teaching and I love interactions with students. In teaching, I teach students how I think and learn their views of my research fields. My current interest is to investigate numerically the propagation of noise using models of stochastic differential equations arising in various applications, especially in fluid dynamics, biology, and finance.
Qingshuo Song's research interests include stochastic control theory, and its applications to mathematical finance and various engineering problems. Qingshuo received his BSc from Nankai University, MA and PhD from Wayne State University. Prior to joining Worcester Polytechnic Institute, he had been working with City University of Hong Kong (Associate Professor 2010-2018), University of Michigan (PostDoc 2009) and University of Southern California (PostDoc 2006-2009).
Are you looking to open the door to financial technology as you progress as a leader in the finance field? WPI’s financial technology graduate certificate will provide a solid technological business foundation to help professionals keep up with ever-evolving technology that guides financial solutions.
If you’re a rising undergrad interested in mastering mathematical theory and applying it to real problems, a BS in actuarial mathematics or mathematical sciences may be in your wheelhouse. Our bachelor’s in actuarial mathematics will provide the business expertise, computer skills, and economics background needed to assess and solve financial problems. If you’re interested in problem solving as it relates to natural science, engineering, and business, a bachelor’s in mathematical sciences may be a more suitable fit. Maybe you already selected a major, but you have an interest in financial technology? Our minor in financial technology is a great fit for students who want to expand their knowledge of how technology and finance intersect as a basis for their career.
