Financial Mathematics

1. Program Introduction

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

Students will take a variety of courses, covering mathematical training, elementary finance, empirical, theoretical and computational tools, quantitative analysis techniques in data analysis, signal processing and statistical decisions, etc.
The graduates will achieve excellent research ability so that they can make some creative results in this field.
The 4 year Ph.D. program will be fully taught in English.
If a Ph.D. student achieves the graduation requirements and publishes one more SCI/CSSCI paper, he/she can graduate a year early.
Graduates will earn a Ph.D. Degree of Financial Mathematics, recognized by the Ministry of Education of the People’s Republic of China.

2. Program Structure

Editor Notes: This program which requires no less than 13 credits and 12 credits for the core courses includes 6 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
Financial Mathematics	The Theory of Derivative Security
Stochastic Processes	Stochastic Computing
Linear Models	Mathematical Economics
Backward Stochastic Differential Equations and Application	Nonparametric Statistics
	Nonlinear Probability
Credit Requirements	The total credits for the program are no less than 13, in which no less than 12 credits are for compulsory (core) courses.
Ph.D. Thesis	In the last year, students must finish their Ph.D. thesis, and defend it in the last term . They must work closely with their advisor to define a focused topic and conduct the research.
Graduation Requirements	Firstly, graduates should achieve the credit requirements. Secondly, graduates should achieve the Ph.D. thesis requirements. Thirdly, as first author, a Ph.D. Student should publish two papers in SCI/CSSCI journals,or one paper in SCI/CSSCI II journals,or two papers in EI top journals for special majors during the study period.

Top 3 mathematics & top 8 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

Education Level : Master's Degree or above
Age Requirement : 18 - 60
English Proficiency : IELTS：6.5 TOEFL：90

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. Master'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/college transcript(s)

5. Two letters of recommendation

From professor or associate professor.

6. Research Plan(in Chinese or English)

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

8. Proof of employment (if applicable)

9. Other attachments (if needed)

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.

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· Question: How can I track my application status?

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· Question: How to deal with a pending application?

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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.

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· 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.