About the Financial Mathematics Programs

Sophisticated financial tools are now routinely employed in many areas of the corporate world.  The curriculum of the financial mathematics program focuses on the development, application, and improvement of computational and statistical financial tools. 

Master's in Financial Mathematics

The Master of Science in Financial Mathematics is a collaboration of the Department of Mathematics and the Department of Economics and Finance, and integrates the study of statistics, computation and modeling with training in the professional domain.

The capstone element of the program is a Mathematics Clinic, a research project in which the student applies mathematical, numerical, or statistical modeling methods to a problem related to the financial industry.  The Mathematics Clinic can be a team project and can involve faculty members from both departments.

Program Details

The program consists of 33 hours of coursework; at least 21 hours are taken from offerings in the Department of Mathematics, including 3 hours devoted to a Mathematics Clinic project.   An additional six hours of coursework from the University of Dayton MBA program and six hours of electives are selected in consultation with a faculty advisor.   

The required courses cover the principles of finance, financial derivatives and risk management and the mathematics commonly used in the financial industry, including discrete and continuous models, statistics and numerical analysis.

The program culminates with a 3-6 credit Mathematics Clinic, an individual or small group project designed in consultation with the student's committee to apply mathematical or statistical methods to a problem in finance or financial mathematics.

Certificate Programs in Financial Mathematics

Designed for individuals that don't require a full Master's degree, but wish to learn how to apply advanced mathematics to the finance industry, the Department of Mathematics offers certificates in Computational Finance, Statistical Finance and Financial Risk Management.   Each program is based on 15 hours of graduate coursework.  Courses taken as part of a Master's degree program (either in Financial or Applied Mathematics) may not be used for the certificate programs. 


Department of Mathematics

Science Center
300 College Park
Dayton, Ohio 45469 - 2316