Financial Mathematics & Statistics

What is a Major in Financial Mathematics and Statistics?

The modern financial industry is one of the largest and most sophisticated of all industries in the world. 

It demands graduates with diverse, quantitatively oriented skills, possessing deep knowledge of mathematics, statistics, and statistical and computational techniques, complemented by backgrounds in economics, finance, and public policy.

At UCSB, the curriculum leading to the Bachelor of Science (BS) in Financial Mathematics and Statistics is one of few such programs in the nation and unique to the West Coast. It is offered jointly by the Department of Statistics and Applied Probability and the Department of Mathematics. This is a very focused degree to prepare you for Masters or PhD programs in financial mathematics. The best paying and most interesting jobs in financial math require an advanced degree. However, companies need support to program models and run simulations. This kind of work requires only a BS. For an employee to be immediately useful to a firm, it is important to have a good background in programming, with C++ and MatLab at a minimum.

Major, General, and Career Information

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Resources and Professional Associations

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