Type:
Master
Speciality:
056802.03.7 - Financial Mathematics
Specialisation:
056802.03.7 - Financial Mathematics
Qualification awarded:
Master of Financial Mathematics
Programme academic year:
2024/2025
Mode of study:
Full time
Language of study:
Հայերեն
1. Admission criteria/requirements
Admission procedure for YSU master's degree (on-site and distance learning) (Decision No. 9/2 of May 26, 2022 of the Scientific Council of YSU).
Graduates of RA state and accredited/institutional accredited non-state higher educational institutions with bachelor's or diploma specialist qualifications can apply.
Graduates of RA state and accredited/institutional accredited non-state higher educational institutions with bachelor's or diploma specialist qualifications can apply.
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 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 financial modeling methods and aspects of investment activity,
- present the basics of investment portfolio construction and management, apply financial derivatives and principles in investment portfolio construction,
- classify various financial tools indicating their areas of application and expediency,
- present the main quantitative, statistical and econometric methods and models used for financial analysis, risk management and hedging for decision-making purposes
- design possible options for decisions to be made using financial tools and modern quantitative and statistical methods,
- use financial derivatives in the actuarial process, interpret the features of corporate management, identify the possibilities of their application,
- use specialized software packages (MATLAB, MS Excel, EViews, Phyton, R) to solve practical problems,
- develop financial models for solving specific situational problems,
- apply the knowledge gained about finance, financial markets and their tools for the purposes of formulating and solving practical problems.
- work with large databases and with their help to carry out impact assessments, analyzes and forecasts,
- work in a team, perform analytical work,
- look for adequate solutions in the conditions of continuously changing financial and economic environment, which will make it possible to make decisions in case of uncertainty,
- use professional literature (including foreign language).
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:
1. Banks,
2. Credit organizations,
3. Investment companies,
4. FinTech companies,
.Insurance companies,
5. Pension funds, etc.
6. Non-financial institutions:
7. «Ohanyan brandy company» CJSC,
8. «Sil capital construction» CJSC,
9.«Bet construct» CJSC, etc.,
. State institutions:
10. Ministry of Finance of the RA,
11. Ministry of Economy of the RA,
12. Central bank of the RA,
13. State Revenue Committee of the RA, etc.
. Financial instituations:
1. Banks,
2. Credit organizations,
3. Investment companies,
4. FinTech companies,
.Insurance companies,
5. Pension funds, etc.
6. Non-financial institutions:
7. «Ohanyan brandy company» CJSC,
8. «Sil capital construction» CJSC,
9.«Bet construct» CJSC, etc.,
. State institutions:
10. Ministry of Finance of the RA,
11. Ministry of Economy of the RA,
12. Central bank of the RA,
13. 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 of July 7, 2016.
2. Sectoral framework of "Mathematics" qualifications, 2022.
The financial mathematics educational programs of the Moscow State University, Cambridge, Manchester, Zurich, and Columbia universities’ similar master’s degree programs were used.
2. Sectoral framework of "Mathematics" qualifications, 2022.
The financial mathematics educational programs of the Moscow State University, Cambridge, Manchester, Zurich, and Columbia universities’ similar master’s degree programs 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).
