Opinions on this Pure Math/Finance Program

[JeffN]

Opinions on this "Pure Math/Finance" Program

I know that most people on these boards are more familiar with physics and engineering-type programs, but who knows...

http://www.math.uwaterloo.ca/PM_Dept/Undergrad/Academic/Plans/pm_finance.shtml"

Does this program seem like one that'll have good employment prospects? How in-demand are "people with a strong real analysis background and a good knowledge of differential equations to work on financial derivatives" in the finance sector?

 

[TMFKAN64]

There is a real demand, but I couldn't really tell you how big it is. The Black-Scholes option pricing model is a PDE, and I understand that the name of the game is improving the basic model and then solving it numerically. I know they also hire people to work on asset allocation models.

My knowledge here is quite old, so if anybody else responds, listen to them instead

 

[piercas]

I cannot give a personal opinion on this program as I am not familiar with it and do not have enough information to form an opinion. However, based on the description provided, it seems like a unique and specialized program that combines the mathematical rigor of pure math with the practical application in finance. This could potentially make graduates of this program highly sought after in the finance sector, as they would possess a strong understanding of both fields.

In terms of employment prospects, it would depend on the current demand for individuals with this specific skill set in the finance industry. It is difficult to predict the future job market, but having a strong background in pure math and finance could potentially open up opportunities in various industries beyond just finance. It also may be beneficial for students to gain experience through internships or research projects related to financial derivatives to further enhance their employability. Overall, I would say that this program could provide a solid foundation for a career in finance, but it is important for students to stay updated on industry trends and adapt their skills accordingly.