Introduction of Financial Mathematics Project in McMaster University
Founded in 1887, McMaster University has four campuses, namely Hamilton Downtown, Burlington, kitchener-Waterloo, Niagara and Niagara. The main campus is located in Hamilton, Ontario, only 1 hour drive from Toronto. As one of the three major research universities in Canada, McMaster University has more than 70 research centers and institutions, the library has about 6.5438+0.9 million paper and electronic books, and has ordered 86,000 paper and electronic journals and magazines, with a large number of archival resources.
McMaster University has always been called the Massachusetts Institute of Technology in Canada, and its engineering schools, business schools and medical schools rank very high in North America. The advantages of McMaster University include medicine and nursing, computer science and natural science.
The nuclear reactor of McMaster University was built in 1959, which is the first research reactor based on university campus in the Commonwealth. At present, the nuclear reactor of McMaster University is one of the largest suppliers of medical isotope iodine 125 in the world, which is used to treat prostate cancer.
University ranking
In the 20 18 ranking of Canadian universities and schools published by Macquarie magazine in June 20 17, McMaster University ranks sixth in the ranking of medical and doctoral universities, which is consistent with the ranking of 20 17. In the Times World University Ranking released in September 20 17, McMaster University ranked fourth in Canada, second only to the University of Toronto, the University of British Columbia and McGill University. Ranked 78th in the world, it is one of the top 65,438+000 universities in Canada.
Project introduction
The financial mathematics program of McMaster University is located in the Department of Mathematics and Statistics under the college of Science, and was established in 2007. The total duration of the Master of Financial Mathematics (M-PHIMAC) is only 65,438+0 years, of which the first 8 months are mainly lectures. The last four months are mainly for students to complete some employment-oriented projects, and most students choose to take paid internships or full-time jobs during this period; Some students will complete the research of a certain subject in the field of financial mathematics under the guidance of the staff of five major banks in Canada. Finally, students need to summarize the results of four months into a paper and complete an oral report.
Students need to complete eight major courses, including financial mathematics foundation, risk and financial market, computational finance I computer finance 1, financial data statistics financial mathematical statistics, portfolio theory and optimization of portfolio theory and optimization, credit risk modeling, computational finance II computer finance 2, risk management in the project is a hot topic, and the related research of financial mathematics industry project (summer $ TERM) that needs to be completed eventually.
Apply for introduction
The financial mathematics program of McMaster University only enrolls students in autumn, and generally starts in June 5438+065438+ 10 and closes in early February. The background requirements for students are relatively relaxed, and students majoring in mathematics, computer, physics or other engineering can apply. It is required that the scores of specialized courses should be above 100 and 77, and the requirements for China students are that the average score of undergraduate courses should be above 85 in four years. Academically, students are required to master some programming languages such as C++ and Python. And master the use of some software, such as matlab, R, maple and mathematica. At the same time, the project also attaches great importance to students' communication skills, leadership skills and analytical skills. There is no requirement for work experience and Gmat or GRE scores.