Math courses for quant

[JOKER]

Hello, I'm a undergraduate student in Stat major.

I would like to know any courses to have to take for preparing to quant

My then question is the "Differential Equation" ; this course is necessary or not ?

If necessary, Should I take both ordinary and partial ?

Any suggestion would be appreciated . Thanks in advance

 

[Princeton Man]

As a statistics major, you should definitely take stochastic processes and montecarlo simulation. Furthermore, a course in numerical analysis and one financial mathematics course focusing on derivatives pricing can be very helpful. I believe ordinary differential equations is good course to take. Partial really isn't necessary because at the undergrad level it focuses mainly on physical concepts than finance.

 

[joel_b]

Partial really isn't necessary because at the undergrad level it focuses mainly on physical concepts than finance.

Black-Scholes model is based on PDEs.

 

[Princeton Man]

Yes, but PDE for Finance is taught at the graduate level. I think learning PDE can come later. It's better to first build a solid ground in programming and analysis. But everyone has their own opinions.

 

[Connor]

Princeton Man named off the important ones. No harm in taking PDE if you have the time and overall the more math the merrier.

 

[JOKER]

Oh Thank everyone ,

As for programming, I just learnt C# and heard that quants use C++ instead
Moreover, I cannot take the course pricing derivatives, it is not in my curriculum

or I should have to learn by myself ? It seems a good idea but how everybody else will know that I have these abilities because it will not in my transcript.

By the way, my second question is ,if possible, should I take "Topology", "Complex Analysis" and "Baysian Statistics/Inference" courses ?

I have no experience about quant and in my faculty it seems no one who knows well about quant job , I really appreciate every help.

 

[ThinkDifferent]

Oh Thank everyone ,

As for programming, I just learnt C# and heard that quants use C++ instead
Moreover, I cannot take the course pricing derivatives, it is not my curriculum

or I should have to learn by myself ? It seems a good idea but how everybody else will know that I have these abilities because it will not in my transcript.

By the way, my second question is ,if possible, should I take "Topology", "Complex Analysis" and "Baysian Statistics/Inference" courses ?

I have no experience about quant and in my faculty it seems no one who knows well about quant job , I really appreciate every help.

topology? would be sweet if it had any application in finance. but sadly there are none.

just concentrate on calculus and probability theory.

I think this book (Amazon.com: Elementary Stochastic Calculus With Finance in View (Advanced Series on Statistical Science Applied Probability, Vol 6) (Advanced Series on Statistical Science and Applied Probability) (9789810235437): Thomas Mikosch: Books ) is a great first step towards learning fin. math.

 

[JOKER]

topology? would be sweet if it had any application in finance. but sadly there are none.

just concentrate on calculus and probability theory.

I think this book (Amazon.com: Elementary Stochastic Calculus With Finance in View (Advanced Series on Statistical Science Applied Probability, Vol 6) (Advanced Series on Statistical Science and Applied Probability) (9789810235437): Thomas Mikosch: Books) is a great first step towards learning fin. math.

According to my acquaintance (as a math major) , he recommended me to learn about real&complex analysis, topology ,and functional analysis before taking probability theory but I don't ask why...

As for that book, what's any prerequisite for the book ? I have just taken Cal III , not taken linear algebra yet

 

[ThinkDifferent]

According to my acquaintance (as a math major) , he recommended me to learn about real&complex analysis, topology ,and functional analysis before taking probability theory but I don't ask why...

As for that book, what's any prerequisite for the book ? I have just taken Cal III , not taken linear algebra yet

calc I/II is enough. it's self-contained. all extra material is in the appendices there...