The master of quantitative finance (M.Q.F.) program consists of 45 credits (30 core and 15 elective) and can
be taken on either a full-time basis to be completed in three semesters
(not including summer sessions) or a part-time basis to be completed in
three years (not including summer sessions). All students must also take
the noncredit Introduction to Finance course offered during the
orientation week, and all full-time students must take the noncredit Fundamentals of Career Planning course.
M.Q.F. Internship is an integral and important enhancement to class
lectures, readings, and student assignments. Internship provides
students in the quantitative finance field with the
opportunity to experience theory in the business environment. We
strongly recommend students to seek part-time internship beginning with
the first semester of the program. In the final semester of the program,
students who need less than the full-time course load to complete the program are permitted to obtain full-time internship.
Core Courses
Analysis of Fixed Income (22:839:611)
Econometrics (22:839:654) or Financial Time Series (26:960:576) or NJIT Systems Simulation (CS 661)
Financial Institutions and Markets (22:839:604) or Risk Management (22:390:670)
Financial Modeling I (22:839:571)
Financial Modeling II (22:839:662)
Numerical Analysis (22:839:510)
Object Oriented Programming in Finance I (22:839:614)
Object Oriented Programming in Finance II (22:839:615)
Derivatives (22:839:609)
Stochastic Calculus for Finance (26:711:563) or Stochastic Processes (26:960:580)
Career Management Program (22:839:664) (for full-time students only)
See the Course Lists and Descriptions chapter of this catalog.
Degree Programs 
