Financial Mathematics Program
In our country, the financial sector has enjoyed unparalleled expansion in the last decades and more and more sophisticated financial instruments are expected to be introduced into the sector in the forthcoming ones. Already there are serious attempts to integrate derivative securities and markets into the Turkish financial system. These developments will lead to a demand for talented people trained in the field of financial mathematics.
The Institute of Applied Mathematics is responding to this new trend in the Turkish finance industry by developing an interdisciplinary program that will introduce students to models and mathematical techniques used in option pricing, pricing of other complex financial products, and to some aspects of financial econometrics. The program combines the strengths of the departments of Mathematics, Business Administration, Economics, Statistics and Industrial Engineering of the Middle East Technical University.
One of the fields connected to Financial Mathematics is Actuarial Sciences. By analyzing uncertainty of real life events, actuaries create and apply programs aimed at managing risks. The option of “Financial Mathematics in Life and Pension Insurance” focuses on life contingencies.
- To provide students with the knowledge and skills necessary for comprehending and applying existing techniques of Financial Mathematics and Life Insurance,
- To cultivate their ability in creating new, innovative techniques,
- To analyze and manage financial markets,
- To conduct research in risk modeling and management, interest rate models, pricing and hedging portfolio optimization.
The program is equally suitable for students who have just finished their undergraduate education or for practitioners in financial industry holding a Bachelor degree. Applicants must have a strong academic background showing good analytical skills. The applicants are expected to have working knowledge of calculus (including partial differentiation, Taylor series, Riemann-Stieltjes integrals), linear algebra (systems of equations, determinants, diagonalization of symmetric matrices, eigenvalues, etc.), elementary theory of ordinary and partial differential equations, in addition to some basic knowledge of computer programming. Course work or job experience in probability is also recommended. A promising student lacking prerequisites may be admitted but required to take the summer Mathematics Preparatory Course (MPC) before beginning the program.
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Phone numbers like "XXXX" must be dialed as "+90-312-210-XXXX" outside of METU campus!
Related (Affiliated) Faculty Members
|1||Danışoğlu||Seza||2035||seza [@] ba.metu.edu.tr||view|
|2||Düzgün||Hafize Şebnem||MN138||2668||duzgun [@] metu.edu.tr||view|
|3||Gaygısız||Esma||2043||esma [@] metu.edu.tr||view|
|4||Güner||Nuray||FEAS-B/H-113||3075||nguner [@] ba.metu.edu.tr||view|
|5||Hayfavi||Azize||S219||5613||azizeh [@] metu.edu.tr||view|
|6||Serin||Yasemin||2283||serin [@] metu.edu.tr||view|
|7||Sezer||Ali Devin||S204||5665||devin [@] metu.edu.tr||view|
|9||Uğur||Ömür||S224||5617||ougur [@] metu.edu.tr||view|
|10||Weber||Gerhard-Wilhelm||S225||5652||gweber [@] metu.edu.tr||view|
|11||Yıldırak||Kasırga||S221||+90 312 297 61 60||kasirga [@] hacettepe.edu.tr||view|
|12||Yılmaz||Bilgi||S205||5609||ybilgi [@] metu.edu.tr||view|
|13||Yolcu-Okur||Yeliz||S217||5695||yyolcu [@] metu.edu.tr||view|