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)
Contemporary Topics in Finance (22:839:664) (for full-time students only)
Electives (15 credits)
Advanced Corporate Financial Modelling (22:390:693)
Advanced Econometrics (26:223:655)
Advanced Financial Management (22:390:605)
Applied Portfolio Management (22:390:658)
Block Chain and Cryptocurrency (22:839:641)
Credit Risk Modeling/Credit Derivatives (16:642:624)
Data Mining (26:198:644)
Decoding of Corporate Financial Statements (22:010:648) or Financial Statement Analysis (22:390:613) but not both
Special Topic: Financial Compliances and Regulation (22:839:610)
Econometrics-Cross Sectional (26:198:644)
Financial Forecasting and Simulations (22:839:xxx)
Financial Time Series (26:960:576)
Hedge Fund (22:390:681)
Special Topic: Indexing and ETFs (22:390:690)
International Capital Markets (22:390:606)
Introduction to Probability (26:960:575)
Investment Analysis and Management (22:390:603)
Investment Banking (22:390:654)
Machine Learning in Finance (22:839:685)
Microeconomics (26:220:501) cross-listed with Microeconomics (26:223:552)
Optimization Models in Finance (26:711:564)
Portfolio Theory (22:390:608)
Probability (26:960:575)
Quant Equity Trading Strategies (22:839:686)
Risk and Insurance Management (22:390:601)
Risk Management (22:839:670)
Stochastic Processes (26:960:580)
Systems Simulation (22:390:644)
Tech Analysis of Financial Markets (22:390:644)
MQF Research (22:839:690)
1.
Econometrics (26:220:507), Financial Time Series (26:960:685), and
Systems Simulation (NJIT CS661) are substitutable core courses. If a
student takes one of them as a core course, the student can take the
other(s) as elective.
2. Financial
Institutions and Markets (22:390:604) and Risk Management (22:390:670)
are substitutable core courses. If a student takes one of them as a core
course, the student can take the other as an elective.
3.
Stochastic Calculus for Finance (26:711:563) and Stochastic Processes
(26:960:580) are substitutable core courses. If a student takes one of
them as a core course, the student can take the other as an elective.
4.
Decoding of Corporate Financial Statements (22:010:648) and Financial
Statement Analysis (22:390:613) are substitutable elective courses. A
student can take either one as an elective, but not both.
5.
Financial Management is an acceptable elective to count toward
graduation only for students who were admitted into the program in fall
2012 or earlier.
6. If you have taken a
class that is not listed on this form, such as an elective from another
program, and you intend to apply the course toward graduation, please
attach a copy of the written permission you were given to do so.
7. Pre-2011 Admits: Operations Research Models (previously called Special Topic: Management)
See the Course Lists and Descriptions chapter of this catalog.
Degree Programs 
