## BS Applied Mathematics with Specialization in Mathematical Finance - Master in Applied Mathematics Major in Mathematical Finance(BSM AMF)

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**Programme Description**

The BS/M AMF program is a 5-year program in applied mathematics specializing in mathematical finance. Students of the BS/M AMF program obtain their bachelor’s degree after 4 years. Those with satisfactory academic performance are then qualified to proceed into the master’s degree program in their fifth year.

The undergraduate component of the program includes the Core Curriculum of the Ateneo, the Applied Mathematics Curriculum that is compliant with the Policies, Standards and Guidelines (PSG) set out by the Commission of Higher Education (CHED) and courses in Accounting, Finance and Economics.

The graduate component of the program includes Stochastic Calculus, Advanced Probability and Martingales, Financial Derivatives, Risk Management, Practitioners’ Seminar, and electives. Aside from these courses, an essential part of the master’s program is the Financial Mathematics project for local companies. This part of the curriculum aims to provide the students an exposure to the actual applications of the theories that they learned in the classroom and to assist the participating companies in doing research on financial models, risk management tools, and other mathematical modeling requirements.

Through the BS/M AMF program, the Mathematics Department is able toproduce a new generation of professionals who will ensure a stable financial industry in the country and help local financial institutions able to compete in the global market.

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**Programme Specification Overview**

Awarding Body |
Ateneo de Manila University |

Teaching Institution |
Ateneo de Manila University |

Academic Unit |
Loyola Schools |

Name of School |
School of Science and Engineering |

Department |
Department of Mathematics |

Program Title |
Bachelor of Science in Applied Mathematics with Specialization in Mathematical Finance - Master in Applied Mathematics Major in Mathematical Finance |

Program Level |
Straight Program: Undergraduate and Graduate |

Name of Final Awards |
Bachelor of Science in Applied Mathematics with Specialization in Mathematical Finance Master in Applied Mathematics Major in Mathematical Finance |

Admission Requirements |
The Bachelor of Science in Applied Mathematics with Specialization in Mathematical Finance (BS AMF) is an honors program. Hence, to be accepted into the program, the freshman applicant must obtain • at least 85 (percentile rank) in the Ateneo College Entrance Test (ACET), • at least 85 (percentile rank) in the Math Proficiency part of the ACET, and • above-average marks in High School mathematics. |

Mode of Study |
Full-Time |

Required Credit Units |
BS AMF – 170 academic units M AMF – 36 academic units |

Medium of Instruction |
English |

Length of Program |
5 years: 4 years for BS AMF and 1 year for M AMF |

Statutory Body Accreditation |
PAASCU Level III CHED Center of Excellence CHED Autonomous University |

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**Programme Learning Outcomes**

**Core Curriculum Learning Outcomes**

CCLO 1 |
Demonstrates effective communication skills (listening and speaking, reading, and writing) in English and Filipino |

CCLO 2 |
Evaluates information and issues in various spheres of life using mathematical reasoning and statistical tools to process and manage data |

CCLO 3 |
Proposes ways to address pressing social and ecological problems using appropriate critical approaches and scientific methodologies |

CCLO 4 |
Develops a creative and moral imagination that is responsive to contemporary global realities and challenges, but also deeply rooted in local histories, conditions, norms, and institutions |

CCLO 5 |
Internalizes the significance and value of her/his own unique existence and purpose in life in light of Christian faith |

CCLO 6 |
Discerns life choices with a keen awareness of ethical dilemmas and considerations |

CCLO 7 |
Exemplifies a commitment to enhancing human life and dignity, especially of those who are excluded and in greatest need |

CCLO 8 |
Practices a vision of leadership and committed citizenship rooted in Christian humanism |

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**Major Curriculum Learning Outcomes**

**A. Applied Mathematics**

• Demonstrate broad and coherent knowledge and understanding in the core areas of mathematics and allied fields.

• Demonstrate skills in pattern recognition, generalization, abstraction, critical analysis, synthesis, problem solving and rigorous argument.

• Demonstrate proficiency in reading and writing mathematical proofs.

• Interpret scientific, economic, and market data in order to arrive at critical judgments that include reflection on relevant scientific and ethical issues.

• Implement basic mathematical, statistical, and computational methods in data analysis and problem solving.

• Communicate, both orally and in writing, information, ideas, and solutions to problems, to other scientists, decision makers, and the public.

• Understand the limitations and implications of mathematical models as applied in real-life contexts.

• Collaborate in research and development projects.

• Develop creativity, rigor, and discipline in dealing with various mathematical problems.

**B. Financial Mathematics (Undergraduate Component)**

• Demonstrate knowledge of terminology, basic theories, concepts, and practices specific to the fields of finance and economics.

• Apply mathematics and statistics to gain a deeper understanding of mathematical models in finance and economics.

• Demonstrate proficiency in basic, statistical, and computational skills applicable to finance and economics.

**C. Financial Mathematics (Graduate Component)**

• Demonstrate knowledge and understanding of the mathematical theories and advanced statistical tools needed in financial mathematics.

• Demonstrate familiarity with recent trends in the financial industry, particularly in the financial markets and regulatory environment.

• Carry out computations in the pricing and valuation of financial instruments, including financial derivatives.

• Assess the exposure of financial institutions to various types of risk (e.g. market risk, credit risk, operational risk, liquidity risk) using appropriate models and computational tools

• Complete a capstone project for a partner institution that requires the creation of mathematical models and the use of appropriate technologies to carry out computations.

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**Retention Criteria**

The BS/M AMF majors must satisfy the following conditions in order to be retained in the program:

• At the end of first year, a grade of at least C in Fundamentals of Computing I (MATH 71.1) and an average grade of at least C in Mathematical Analysis 1A & 1B (MATH 31.1 & MATH 31.2);

• At the end of second year, an average of at least 1.90 in all major subjects offered by the Department of Mathematics and no failing grades in Accounting, Finance and Economics.

Applicants with more than 1 failing mark or more than 2 grades lower than C in undergraduate major mathematics subjects are not guaranteed admission into the master’s program. Their academic records may be subject to further evaluation by the Department of Mathematics.

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**Shifting Criteria**

Students wishing to shift into the BS AMF program must fulfil the following requirements to be admitted into the program:

• An average grade of at least B in all math subjects taken,

• An average grade of at least B in all calculus courses (if taken), and

A grade of at least C in all finance, economics, and accounting courses (if taken).

**Last updated: 21 Oct 2020**

BSM AMF Curriculum ver 2020