There are 14 compulsory semester courses or modules that a matriculated SMU student must earn credits for before earning the Quantitative Finance major. Students should also satisfy all the other related University degree requirements. Whether taken as the BBM first major requiring the standard total of 35 course units or as a second major in all SMU degree programs, the Quantitative Finance Major's compulsory courses are as follows.

- ACC T101: Financial Accounting
- ACC T102: Management Accounting
- FNCE 101: Finance
- STAT 101/ 151: Introductory Statistics/Introduction to Statistical Theory
- QF 201: Linear Algebra and Regression
- QF 202: Differential Equations
- QF 203: Real Analysis
- QF 301: Structured Finance
- QF 302: Investment and Financial Data Analysis
- QF 303: Stochastic Calculus and Finance Theory *
- QF 304: Numerical Methods *
- QF 305: Global Financial Risk Management
- Either one of
IS 200: Software Foundations or
IS 202: Data Management or
IS 201: Object Orientated Application Development or
IS 203 : Software Engineering
- Either one of
QF 204 Probability and Finance Theory** or
STAT 306 Stochastic Processes and Modelling** or
STAT 311 Risk Theory and Loss Models**

*This is a capstone course that should be taken toward the end of your degree programme.

** This is to be implemented for AY 08/09. There will be no impact for students who have already taken STAT201 as part of the QF major requirement before AY 08/09.

On an exceptional case-by-case basis to be approved by the Head of QF, a student may opt to take an Independent Study Unit IDST300 in place of one of the following required courses: all courses with course codes pre-fixed by QF and STAT201. However, the usual requirement of a 3.30 GPA background as stipulated by the University applies.

This independent study unit is treated like a Business course, and shall fulfill part of the QF requirement, but shall not be automatically recognized as an equivalent course for the course in which it replaces particularly for purpose of consideration in other majors.

Procedural, functional, and object-oriented programming skills will be built along the way. Most courses will require complementary computer laboratory work using MatLab, S-PLUS and/or R, C++ and/or JAVA, EXCEL VBA programming, and others.

There is a new GE Arts elective course as follows.

•  Mathematical Finance: A Socio-Cultural and Historical Perspective QF100

This course is not compulsory, but is highly recommended for students who wish to take Quantitative Finance as a major. It provides a holistic view of the field of quantitative finance as it evolves through the 20 th century beginning with the foundations of mathematics, then statistics, then probability, since pre-calculus times.

The QF Major course requirement of IS200 Software Foundations is amended to:-
IS Software Foundations (IS200) or one of IS201, IS202, or IS203 and any one of these will also satisfy the Technology and Entrepreneurship Requirement .  

For details on the IS courses:-
IS200 - no pre-req (can be exempted if student pass the wavier test)
IS201 - pre-req is IS200 (can be exempted if student pass the wavier test)
IS202 - no pre-req (can be exempted if student pass the wavier test)
IS203 - pre-req are IS201 & Is202

Students who obtain exemption e.g. from IS200 should check with SIS if it accounts for credit or if they need to substitute with an advanced course e.g. IS201.

For more details about the IS wavier test, you may visit the following for more details
http://www.smu.edu.sg/matriculation/2008/aca_waiver.asp