Financial Mathematics

1. Program Introduction

Editor Notes: The program provides the sound mathematical training needed for financial mathematics, along with a profound knowledge of economics and other related fields.

The three-year master’s program will be fully taught in English.
Upon the completion of the program, graduates will earn a Master’s Degree of Financial Mathematics, recognized by the Ministry of Education of the People’s Republic of China.

2. Program Structure

Editor Notes: This program includes 4 core courses and 7 optional courses.

Program Structure
Core Courses	Optional Courses
Advanced Probability Theory	Stochastic Control and its Applications
Advanced Mathematical Statistics	Time series analysis
Stochastic Processes	The Theory of Derivative Security
Financial Mathematics	Stochastic Computing
	Mathematical Economics
	Nonparametric statistics
	Linear Models
Credit Requirements	The total credits for the program are no less than 30, in which no less than 24 redits are for compulsory (core) courses.
Master’s Thesis	In the third year, students must finish their master’s thesis, and defend it in the sixth term (in mid-May). They must work closely with their advisor to define a focused topic and conduct the research. Students should also be bold and actively engaged in research activities, and strive to publish papers in academic journals.

Top3 mathematics & top8 statistics in Mainland China according to CDR2012 approved by the Chinese Ministry of Education;
Leading scientist: Peng Shige, a world-class mathematician as well as the founder of financial mathematics in China;
Numerous cooperative financial institutions, e.g. China Financial Futures Exchange , Qilu Securities;
First-rate hardware facilities;
Abundant practice opportunities;
Brilliant career prospects

Applicants should have a bachelor’s degree in mathematics.
Admission of candidates who do not meet this criterion may be approved if satisfactory evidence of postgraduate study, research or professional experience can be provided.

1. Photo page of passport

Passport must be valid and of ordinary type.

2. Passport photo

A recent passport-sized photo of the applicant

3. Bachelor's degree diploma

Graduation certificate in languages other than Chinese or English should be translated into Chinese or English and be certified by notarization.

4. Official university/collegetranscript

5. Two letters of recommendation

From professor or associate professor.

6. Research plan(in Chinese or English)

7. Proof of Employment (if applicable)

8. Other attachments (if needed)

9. Abstract or list of articles or papers written or published (if applicable)

10. Proof of language proficiency (if applicable)

§ Question: What is the cost of applying through ACASC?

Answer: ACASC charges a service fee of 50$ for using its online application portal. Applying through ACASC into Chinese universities attracts a service fee of $50.

· Question: Can I apply to the university directly?

Answer: Yes. ACASC gives the applicants, the chance to directly apply to their desired universities through our online application portal. We have synchronized our system to create a simple platform that connects universities and colleges in China to international students all around the world.

· Question: How can I track my application status?

Answer: To track the application status, please log in your ACASC personal account. Whenever there’s an update, you will be informed on your application status through ACASC system within a day as soon as we receive university’s notification. You will simultaneously receive ACASC auto-email about the application status. To directly inquire about your application status, feel free to send us an email to admission@acasc.cn and our team will keep you updated.

· Question: How to deal with a pending application?

Answer: When an application is pending a decision it means that your school has received it and no admissions decision has been made yet. The admissions office may have reviewed your application package or may not have.

The main cause of a pending application is usually incomplete application documents. As a result you will be requested by the school’s admission office to re-check and modify all submitted application documents or perhaps even add extra documents and then re-submit them.

To avoid further delays, carefully read the university’s comments, modify your application form on ACASC, and re-upload the required application documents. You can contact ACASC on admission@acasc.cn for any help with regards to your pending application

· How long does it take to process my application?

Processing time varies for different applications. For example to process a degree program application requires more time than a Chinese language application. Confirmation for Chinese language application by the admission office usually takes 2 to 4 weeks. However, time for degree programs application differs. For example fall semester application processing is after March, and it takes a period of 1 to 2 months. This also depends on your qualification and the number of applicants.