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Washington University in St Louis Olin Business School

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Home > Academic Programs > Specialized Masters Programs > MS in Finance > Quantitative Finance Curriculum
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Quantitative Finance Curriculum

The Quantitative Finance curriculum fuses mathematical tools with a strategic understanding of business decision-making.

In the Quantitative Finance track, students take courses to develop a skill set similar to a Financial Engineering program while still including course work in corporate finance, investments and financial markets. The three-semester, 18-month program consists of a minimum of 39 credit hours.

Transfer of Credit

Olin Business School will accept up to nine credits of course work taken at another AACSB accredited institution if the grades you earned are "B" or better, and the Academic Review Committee judges the courses to be equivalent to Olin MSF classes in quality and content. Submit the course syllabus and transcript to your business adviser upon enrollment.

Courses

Depending on their academic background, students in either track may be required to enroll in foundation courses upon entering the MS/Finance program in August:

  • FIN 510 Introduction to Finance (2 credits)
  • ACCT 560 Introduction to Financial Accounting (2 credits)
  • ACCT 562-01 Financial Accounting II (Intermediate Accounting) (2 credits)


QUANTITATIVE FINANCE COURSES

First Fall Semester (16.5 Credits)

Fall A Fall B
FIN 524 Options & Futures (1.5) FIN 524B Derivative Securities (1.5)
FIN 532 Investment Theory (1.5) FIN 532B Data Analysis for Investments (1.5)
FIN 538 Stochastic Foundations for Finance (1.5) Choose one:
FIN 527 Financial Markets (1.5) (Preferred)
FIN 521 Financial Intermediation (1.5)
MGT 537 Invest in Your Career (0)

MEC 537 Data Analysis, Forecasting and Risk Analysis (3)

CSE 501N Programming Concepts & Practices, plus Lab (Java Programming) (3)

Professional Communication Forum (1.5)

Spring Semester (16.5 Credits)

Spring A Spring B
FIN 525 Fixed Income Securities (1.5) FIN 551 Adv. Credit Risk Modeling (1.5)
FIN 534 Adv. Corporate Finance I -
Valuation (1.5)
Choose one:
FIN 534B Adv. Corporate Finance II -
Financing (1.5)
MEC 540 Money, Capital Markets, and Economic Growth (1.5)

FIN 539 Mathematical Finance (1.5)

FIN 537 Advanced Derivative Securities (3)

FIN 500Q Quantitative Risk Management (3)

E81 CSE 504N Object-Oriented Software Development Laboratory (3)

Second Fall Semester (6 credits)

Fall A Fall B

FIN 500K Finance Consulting Seminar (1.5)

FIN 500R Topics in Quantitative Finance (1.5)

FIN 552 Advanced Fixed Income Derivatives (1.5)

FIN 534B Adv. Corporate Finance II - Financing (1.5), if not taken in Spring B

If FIN 534B taken, choose one:

(1) FIN 533 Real Option Valuation (1.5)

(2) ACCT 503B Adv. Bus Analysis/Fin. Statement (1.5)

(3) FIN 549 Real Estate Finance (1.5)

(4) FIN 534C Advanced Corporate Finance III-Valuation (1.5)

39 CREDITS TOTAL

Academic Director - Hong Liu, PhD

If a student has taken course work comparable to the required curriculum, course substitutions are available to further tailor this track to your specific career goals. Permission of the academic director is required.

  • ACCT 502 Managerial Control Systems (1.5)
  • FIN 530 International Finance (1.5)
  • FIN 533 Real Option Valuation (1.5)
  • FIN 534C Adv. Corporate Finance III-Frontiers of Valuation (1.5)
  • FIN 537 Advanced Derivative Securities (3)
  • FIN 549H Special Topics: Real Estate Finance (1.5)
  • FIN 500P Computer Programming for Quantitative Finance (3)
  • FIN 500R Risk Management (3)
  • MEC 500J Markets, Business, and the Environment (1.5)
  • MEC 538 Economics of the Organization (1.5)
  • MEC 538B Compensation, Incentives & Organization (1.5)
  • MEC 592 Competitive Industry Analysis (3)