Fiscal mathematicians solve financial problems.
Fiscal mathematics is the applied mathematics field concerned with mathematical modeling of financial markets. It draws on tools from probability, statistics, stochastic processes and economic theory. Investment banks, commercial banks, hedge funds, insurance companies, corporate treasuries and regulatory agencies apply the methods of fiscal mathematics to such problems as derivative securities valuation, portfolio structuring, risk management and scenario simulation. Industries like energy and manufacturing that rely on commodities also use fiscal mathematics. Quantitative analysis has brought efficiency and rigor to financial markets and to the investment process and is becoming increasingly important in regulatory concerns.
Program type:
Major, BS
Format:
On-Campus
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Bachelor of Science in Mathematics -
Fiscal Mathematics Emphasis
The Bachelor of Science in Mathematics with an Emphasis in Fiscal Mathematics provides a sufficient background in mathematics, statistics and computer science, to produce graduates who can work in areas requiring applied mathematical techniques and tools. This degree is structured to allow additional optional courses that enable the student to focus on a variety of further areas of interest.
Outcomes and Career Outlook
Upon completion of the BS in Mathematics with an Emphasis in Fiscal Mathematics, graduates will be able to write clear, logically consistent proofs; read, understand and assess the veracity of logical arguments or mathematical proofs; reformulate problems or questions in relevant mathematical terms; solve problems which involve analysis, algebra or linear algebra, elementary number theory; interpret, formulate and solve applied problems in probability and statistics; interpret, formulate and solve applied problems in mathematics relating to annuities, bonds and derivative investments.
Opportunities in this field are expected to grow well into the future, with the U.S. Bureau of Labor Statistics and Occupational Information Network reporting that the demand for math skills will drive a 30% rise in employment in the field through 2032 and an average base salary of $104,860.
104,860
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Career Opportunities
- Accountant
- Actuary
- Computer Systems Analyst
- Data Scientist
- Financial Analyst
- Market Research Analyst
- Math Teacher
- Mathematician
- Statistician
Plan of study
All majors must meet the general education requirements of the university in addition to completing degree-specific curriculum requirements.
Review Full Degree Requirements Review Sample Four-Year Plan
Non-Missouri Residents: Prospective students are responsible for reviewing the UMSL state authorizations page to see if this program is offered in their state throughout their program and to review the licensure or certification requirements for the state in which they reside.
Student organizations
Make new friends and learn new skills by joining one of our Recognized Student Organizations. Here are several opportunities you may be interested in as a fiscal mathematics major:
- Student Government Association
- Students of the University of Missouri
Honors College
The UMSL Honors College is a certificate program that can be paired with any major without adding extra classes or extending time to graduate. Classes in the Honors College are seminar-style, meaning that they are based in reading, writing, discussion, and critical thinking. This unique class format fosters an intellectual climate centered around democracy, diversity, civility and academic excellence.
Undergraduate research
We encourage and support students as they engage in exciting activities in and outside of the classroom that enrich their academic and professional understanding of their chosen area of study. All majors are encouraged to participate in Undergraduate Research and Scholarship to produce discipline-specific intellectual or creative innovations to their field.
