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  Undergraduate Calendar 2015-2016
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2015-2016 Undergraduate Calendar
HOME Programs and Academic Departments Faculty of Science Financial Mathematics Program Overview

Program Overview

The world of finance is fast-paced and competitive, and the graduates from the Financial Mathematics program will be trained to drive our economy forward by being able to leverage cash flow and create wealth. This brand new program will provide advanced expertise in mathematics to enable students to analyze markets, manage investments and evaluate risk. Besides studies in class, the Financial Mathematics program is augmented with opportunities such as work placement, research opportunities, practical investing experience and real-world case studies on current issues within the financial industry.

First-year studies will consist of classes in modern mathematics, financial accounting, managerial finance and computer science. In subsequent years, students take courses in calculus, geometry, dynamic systems, differential equations, probability and statistics, investment analysis, microeconomics, computational methods, numerical analysis, stochastic calculations, investment analysis, applied linear algebra, and financial risk management.

Our graduates go on to pursue careers with private companies or government in roles such as investment professional, auditor, accountant, financial manager, business service manager, systems analyst, computer programmer or mathematician.

Co-operative Program

An optional co-operative program is available for students who wish to obtain work experience and receive a salary from an employer while studying at Ryerson. The program leads to a BSc degree. In this option school terms alternate with four or five paid work terms starting from the second year (see the Table below). This schedule is the same as that used by the rest of the science programs at Ryerson and is designed to ensure that students attend winter and fall semesters in the correct order.

Although neither the Department nor the Office of Co-operative Education can guarantee a placement, they provide major assistance in locating suitable positions and counseling of students in their search for suitable jobs. This co-operative program enables students to earn competitive wages to offset the costs of a university education.

Students who have completed the first year of the program must apply through the Mathematics Department for admission to the co-op program prior to the beginning of the second year. Enrolment in the co-op program is limited and the department retains the right to deny access to the co-op program based on the number of available placements and student's grade point average. Once in the co-op program, the terms alternate between four months of study and four months of on the job experience. The co-op program usually takes an additional year to complete. The graduation requirements for the co-op program are the same as those for the BSc in Financial Mathematics.

The sequencing of academic and work terms is shown below:

TERM YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
FALL SEMESTER 1 SEMESTER 3 SEMESTER 5 WKT 605 SEMESTER 7
WINTER SEMESTER 2 SEMESTER 4 WKT 505 SEMESTER 6 SEMESTER 8
SUMMER FREE TERM WKT 405 WKT 506 WKT 606 GRADUATION

Students must successfully complete a minimum of four work terms in order to graduate from the co-op program.

The co-op program requires five years to complete the degree in Financial Mathematics. The regular program can be completed in four years.

All co-op placements must be approved by the Office of Co-operative Education and the Dean's designate responsible for administering science programs.

Liberal Studies

Students must take three lower level liberal studies courses and three upper level liberal studies courses to graduate.

Minors

Students may pursue any Minor offered by Ryerson with exceptions. Please refer to the Minors Policy section of this calendar for further information on individual Minor requirements and restrictions.

The G. Raymond Chang School of Continuing Education Certificates

Undergraduate students wishing to pursue a continuing education certificate program should be aware of possible restrictions. Please refer to the Curriculum Advising website at www.ryerson.ca/curriculumadvising for complete details.



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