The minimum entry requirement is an honours degree or equivalent in
mathematics, or an (ordinary) B.A. in Mathematics plus a B.Ed. The minimum grade
requirement is a "B-" average. This reflects the different nature of the
"typical" applicant for that option: a mature student, normally a
practising high-school mathematics teacher who obtained her/his B.A. several years
ago. There is less direct correlation between grades and potential to do graduate
work in this case. The admission process here takes into account additional
information, often including an interview between the applicant and the Teachers'
(ii) Degree Requirements
Each student in the programme is required to take Fundamentals of
Mathematics (5020.06) and History of Mathematics (5400.06).
A thesis is not required for this degree, nor is it expected. A total
of six (6) 5000-level courses is the requirement for the degree. 5000-level (Teachers) and
6000-level (Regular) courses are not interchangeable, even though, occasionally, students
in the Teachers Programme will take a 6000-level course for credit.
New and continuing students will choose their programme of study in
consultation with the Teachers' Coordinator and subject to the approval of the Graduate
The Graduate Diploma
in Financial Engineering
(i) Admission Requirements
(a) Students must complete the M.A. by coursework as described above.
(b) To receive the Financial Engineering Diploma, a student must
complete all of the following courses. Some of these courses can be used to satisfy the
requirement in (a), with permission of the Graduate Programme Director.
Math 6910.03 Stochastic Calculus in Finance
Math 6911.03 Numerical Methods in Finance
FNEN 6210.03 Portfolio Management
FNEN 6810.03 Derivative Securities
FNEN 6850.03 Management of Bond Portfolios
Valuation of Interest-Rate Dependent Claims
MGTS 6000.03 Models and Applications in Operations Research
COSC 5910.03 Software Foundations
(c) In addition to the course requirements, diploma students must
complete either a) an internship of at least 10 weeks in a financial institution, subject
to the availability of internships; or b) submit a research paper.
(d) Students not in the Statistics stream (option (c) under Core Course
Requirements) will be allowed to give a talk on their internship or research paper to
fulfill the seminar requirement.
Students with little or no background in finance may find it beneficial
to take the basic finance course, FINE 5200, as a background to the finance courses listed
above. Students with little background in computing may need an introductory course before
taking the Computer Science course listed above.
Students should expect to spend two years to complete the course work
for the Masters degree and diploma. They will then do the internship or the research paper
in the following summer.
Applying to the Programme:
As stated, the diploma is in conjunction with a Master's degree. You
cannot receive the diploma alone. You must first apply and be accepted to the regular
Master's programme. After being accepted to this, you will then submit a separate
application for the diploma.