Type:
Bachelor
Speciality:
056802.01.6 - Financial Mathematics
Specialisation:
056802.01.6 - Actuarial and Financial Mathematics
Qualification awarded:
Bachelor of Financial Mathematics
Programme academic year:
2024/2025
Mode of study:
Full time
Language of study:
Հայերեն
1. Admission criteria/requirements
"Order of admission to RA state and non-state higher educational institutions (according to the bachelor's educational program)", RA Government Decision (April 7, 2022, N 476-Ն).
The entrance exams are:
Mathematics (written)
Physics or English (Written)
Armenian language (written, non-competitive).
The entrance exams are:
Mathematics (written)
Physics or English (Written)
Armenian language (written, non-competitive).
2. Programme Objectives
The goal of the program is to train mathematicians working in the financial sector: financial analysts, actuaries, financial tools programmers, financial flow managers, risk managers who can work in investment, hedging, banking and other financial and non-financial institutions.
3. Educational outcomes of the programme
Upon completion of the course, the student will be able to:
- present the basics of mathematical analysis, analytical geometry, probability theory and applied statistics,
- interpret the obtained results, present ways and options for solving practical problems,
- present actuarial modeling methods and actuarial aspects of investment activity,
- formulate the features and problems of insurance, the principles of reinsurance, explain the features of insurance activities in the international business environment,
- present the basics of building and managing an investment portfolio, explain the principles of using derivatives in building an investment portfolio,
- present the main quantitative, statistical, optimization and econometric methods and models used for micro and macroeconomic and financial analysis for risk management decision-making purposes.
- design possible options for decisions to be made under conditions of risk and uncertainty, using modern quantitative and statistical methods to predict and manage existing risks based on the best information,
- analyze and evaluate the economic situation, predict the prospects of economic development at the macro and micro level using mathematical and statistical methods and models,
- assess risks related to insurance, reinsurance and bankruptcy and options for reducing or making them manageable,
- classify various financial tools, indicating their areas of application and appropriateness, use financial derivatives, interpret the features of corporate governance,
- use professional software packages (MATLAB, MS Excel, Phyton) to solve practical problems,
- apply the methods of mathematical analysis, higher algebra, analytic geometry, probability theory and applied statistics to solve practical problems.
- make decisions in the face of uncertainty by looking for adequate solutions in the constantly changing environment,
- work with large databases, with their help carry out impact assessments, analyzes and forecasts,
- participate in discussions, argue, and present personal point of view, perform teamwork,
- use professional literature (including foreign language), prepare scientific reports, specialize in various fields of science and economy, where rational thinking, analytical abilities, and logic are required.
- to be a multifaceted, literate citizen, ready to overcome everyday challenges.
4. Assessment methods
YSU operates a multi-factor system of periodic testing and evaluation of students' knowledge, which includes the following components:
1. evaluation of mastering the subsections of the course (educational module) during the semester (2 current exams),
2. current audits of individual topics of the course (study module) during the semester,
3. verification and evaluation of independent tasks provided by the program during the semester (independent/individual work),
4. evaluation of the performance of independent and/or group research work provided by the program during the semester (research work that replaces any of the current exams),
5. assessment of participation in the course (participation),
6. final assessment of the entire course (educational module) in the examination period, which implies an assessment of the level of achievement of learning outcomes defined for the course.
Based on the workload of lessons (educational modules) provided by the curriculum of the educational program, the form of education, teaching methods and taking into account the importance of the course in the formation of the student's academic knowledge and abilities, the lessons, according to the evaluation form, are divided into 4 types of groups:
1. with the final assessment,
2. without final assessment,
3. without evaluation of current exams,
4. inspection (pass check).
The evaluation components of each course are determined by the lecturer in agreement with the chair.
1. evaluation of mastering the subsections of the course (educational module) during the semester (2 current exams),
2. current audits of individual topics of the course (study module) during the semester,
3. verification and evaluation of independent tasks provided by the program during the semester (independent/individual work),
4. evaluation of the performance of independent and/or group research work provided by the program during the semester (research work that replaces any of the current exams),
5. assessment of participation in the course (participation),
6. final assessment of the entire course (educational module) in the examination period, which implies an assessment of the level of achievement of learning outcomes defined for the course.
Based on the workload of lessons (educational modules) provided by the curriculum of the educational program, the form of education, teaching methods and taking into account the importance of the course in the formation of the student's academic knowledge and abilities, the lessons, according to the evaluation form, are divided into 4 types of groups:
1. with the final assessment,
2. without final assessment,
3. without evaluation of current exams,
4. inspection (pass check).
The evaluation components of each course are determined by the lecturer in agreement with the chair.
5. Graduates future career opportunities
Graduates can carry out professional work at: · Financial instituations: Bank, Credit organizations, Investment companies, FinTech companies, Insurance companies,
Pension funds, etc. · Non-financial institutions: «Ohanyan brandy company» CJSC, «Sil capital» CJSC, «Bet construct» CJSC, etc., · State institutions: Ministry of Finance of the RA, Ministry of Economy of the RA, Central bank of the RA, State Revenue Committee of the RA, etc.
Pension funds, etc. · Non-financial institutions: «Ohanyan brandy company» CJSC, «Sil capital» CJSC, «Bet construct» CJSC, etc., · State institutions: Ministry of Finance of the RA, Ministry of Economy of the RA, Central bank of the RA, State Revenue Committee of the RA, etc.
6. Resources and forms to support learning
Printed, electronic, internet literature, computer rooms.
7. Educational standards or programme benchmarks used for programme development
1. RA national framework of qualifications, approved by the RA Government's decision N 714-Ն of July 7, 2016. 2. Sectoral framework of "Mathematics" qualifications, 2022. The undergraduate financial mathematics educational programs of Moscow State University and London, Cambridge, Manchester, Zurich, and Columbia Universities were used.
8. Requirements for the academic staff
1.General abilities
Teaching/Pedagogical
· the ability to make a course work program (calendar plan),
· knowledge of interactive teaching methods, ability to use active learning techniques.
Research
· the ability to work with various scientific sources, as well as to use Internet information resources,
· ability to perform financial, statistical, economic research using mathematical tools, econometric models and computer programming packages,
· ability to lead a research group.
Communication
· ability to communicate orally with the audience,
· ability to present research results in writing,
· knowledge of a foreign language (at least B1 level of English).
ICT application
· basic computer skills (free command of MS Office package: Word, Excel, Power-Point),
· ability to use modern social platforms,
· skills to prepare and present presentations (pptx, prezi, canva, etc.).
Other abilities
· knowledge of professional ethics and legal norms (especially in the financial sector),
· the ability to estimate the necessary resources and implement projects effectively,
· ability to plan and manage time resources.
2. Professional abilities
· ability to perform financial, statistical, economic research using mathematical tools, econometric models and computer software packages,
· ability to present financial modeling methods,
· ability to present actuarial modeling methods,
· ability to perform and present economic analyzes and assessments using mathematical and statistical methods and models,
· ability to develop and present investment portfolio construction and management,
· ability to present the main quantitative, statistical and econometric methods and models used for financial analysis, risk management and decision making,
3. General requirements
Academic degree
· a scientific degree and/or degree in a physical, mathematical, technical or economic field, or in some cases, a master's degree in a given or related specialty,
· availability of scientific and/or methodical publications,
· participation in conferences and/or workshops.
Teaching experience
· experience in teaching professional courses and/or retraining (trainings),
· participation in local or international trainings and/or professional qualification improvement courses.
Practical work experience
· at least 2 years of work experience in finance or related field.
Other requirements
· teaching portfolio: availability of online materials for at least 50% of taught subjects,
the average grades obtained by the results of the student survey: at least 4.0 (for active professors).
Teaching/Pedagogical
· the ability to make a course work program (calendar plan),
· knowledge of interactive teaching methods, ability to use active learning techniques.
Research
· the ability to work with various scientific sources, as well as to use Internet information resources,
· ability to perform financial, statistical, economic research using mathematical tools, econometric models and computer programming packages,
· ability to lead a research group.
Communication
· ability to communicate orally with the audience,
· ability to present research results in writing,
· knowledge of a foreign language (at least B1 level of English).
ICT application
· basic computer skills (free command of MS Office package: Word, Excel, Power-Point),
· ability to use modern social platforms,
· skills to prepare and present presentations (pptx, prezi, canva, etc.).
Other abilities
· knowledge of professional ethics and legal norms (especially in the financial sector),
· the ability to estimate the necessary resources and implement projects effectively,
· ability to plan and manage time resources.
2. Professional abilities
· ability to perform financial, statistical, economic research using mathematical tools, econometric models and computer software packages,
· ability to present financial modeling methods,
· ability to present actuarial modeling methods,
· ability to perform and present economic analyzes and assessments using mathematical and statistical methods and models,
· ability to develop and present investment portfolio construction and management,
· ability to present the main quantitative, statistical and econometric methods and models used for financial analysis, risk management and decision making,
3. General requirements
Academic degree
· a scientific degree and/or degree in a physical, mathematical, technical or economic field, or in some cases, a master's degree in a given or related specialty,
· availability of scientific and/or methodical publications,
· participation in conferences and/or workshops.
Teaching experience
· experience in teaching professional courses and/or retraining (trainings),
· participation in local or international trainings and/or professional qualification improvement courses.
Practical work experience
· at least 2 years of work experience in finance or related field.
Other requirements
· teaching portfolio: availability of online materials for at least 50% of taught subjects,
the average grades obtained by the results of the student survey: at least 4.0 (for active professors).
