Siedlce, Poland

Financial Mathematics
(field of studies: Mathematics)

Master's
Table of contents
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⇑Financial Mathematics at UwS

Field of studies: Mathematics
Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies
  • Description:

  • pl
University website: www.uws.edu.pl/en/

⇑Test: Is Financial Mathematics the right fit for you?

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10 questions · two minutes

1. You meet the Black–Scholes formula for pricing an option. What do you want to do?

2. How do you feel about rigorous proofs in probability theory and stochastic processes?

3. You need to price an exotic derivative with no closed-form solution. What do you do?

4. Your model assumes normally distributed returns, but real markets show fat tails. How do you react?

5. How do you feel about modelling how interest rates and the yield curve evolve over time?

6. An insurer asks you to estimate how much capital it needs to survive extreme losses. Would you like the task?

7. A numerical scheme for solving a pricing equation converges very slowly. What do you do?

8. The programme is taught in English, with seminars in an international group. How do you feel about that?

9. Which future role sounds most like you?

10. What motivates you most to pursue a Master’s degree in Financial Mathematics?

⇑Definitions and quotes

Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Mathematics
“It’s magic,” the chief cook concluded, in awe.
“No, not magic,” the ship’s doctor replied. “It’s much more. It’s mathematics.”
David Brin, Glory Season (1993), chapter 24
Mathematics
Mathematical development in England was at a low ebb in the early decades of the nineteenth century, with Cambridge stagnating in the shadow of Newton, who had produced his mathematics nearly a century and a half earlier. This dead hand of tradition, which stifled much initiative and originality, was in sharp contrast to the situation in France.
D. Mary Cannell, "George Green Mathematician and Physicist 1793-1841: The background to his life and work" p. xxviii (second edition, 2001).
Mathematics
Who has studied the works of such men as Euler, Lagrange, Cauchy, Riemann, Sophus Lie, and Weierstrass, can doubt that a great mathematician is a great artist? The faculties possessed by such men, varying greatly in kind and degree with the individual, are analogous with those requisite for constructive art. Not every mathematician possesses in a specially high degree that critical faculty which finds its employment in the perfection of form, in conformity with the ideal of logical completeness; but every great mathematician possesses the rarer faculty of constructive imagination.
E. W. Hobson, Presidential Address British Association for the Advancement of Science (1910) Nature Vol. 84 p. 290 as quoted by Robert Édouard Moritz, Memorabilia Mathematica; Or, The Philomath's Quotation-book (1914) p. 184.
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