Białystok, Poland

Financial Mathematics
(field of studies: Mathematics)

Matematyka finansowa

Master's
Table of contents
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⇑Financial Mathematics at UwB

Field of studies: Mathematics
Language: PolishStudies in Polish
Subject area: mathematics and statistics
Kind of studies: full-time studies
  • Description:

  • pl
University website: uwb.edu.pl/en/

⇑Test: Is Financial Mathematics the right fit for you?

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10 questions · two minutes

1. You meet the Black–Scholes formula for pricing an option. What do you want to do?

2. How do you feel about rigorous proofs in probability theory and stochastic processes?

3. You need to price an exotic derivative with no closed-form solution. What do you do?

4. Your model assumes normally distributed returns, but real markets show fat tails. How do you react?

5. How do you feel about modelling how interest rates and the yield curve evolve over time?

6. An insurer asks you to estimate how much capital it needs to survive extreme losses. Would you like the task?

7. A numerical scheme for solving a pricing equation converges very slowly. What do you do?

8. The programme is taught in English, with seminars in an international group. How do you feel about that?

9. Which future role sounds most like you?

10. What motivates you most to pursue a Master’s degree in Financial Mathematics?

⇑Definitions and quotes

Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Mathematics
Archimedes will be remembered when Aeschylus is forgotten, because languages die and mathematical ideas do not. "Immortality" may be a silly word, but probably a mathematician has the best chance of whatever it may mean.
G. H. Hardy, A Mathematician's Apology (London 1941).. Quotations by Hardy. Gap.dcs.st-and.ac.uk. Retrieved on 27 November 2013..
Mathematics
A mathematician, like a painter or poet, is a maker of patterns. If his patterns are more permanent than theirs, it is because they are made with ideas.
G. H. Hardy, A Mathematician's Apology (London 1941).. Quotations by Hardy. Gap.dcs.st-and.ac.uk. Retrieved on 27 November 2013.
Mathematics
By relieving the brain of all unnecessary work, a good notation sets it free to concentrate on more advanced problems, and in effect increases... mental power... Probably nothing in the modern world would have more astonished a Greek mathematician than to learn that, under the influence of compulsory education, the whole population of Western Europe, from the highest to the lowest, could perform the operation of division for the largest numbers. This fact would have seemed to him a sheer impossibility.
Alfred North Whitehead, An Introduction to Mathematics (1911) Ch. 5, p. 59.

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