STAT 374Quantitative Foundations for Finance

Units: 0.50
Faculty: Mathematics
Subject: Statistics
Cross-listed: AFM 323

When it runs

Ran in 5 of the last 7 terms. Winter 2027: scheduled. Spring 2027: schedule not out yet.

This course introduces analytical and statistical methods commonly used in finance, with applications to investment management and corporate finance.

Prerequisites

Complete all of the following
- Must have completed the following:
  - MATH136 - Linear Algebra 1 for Honours Mathematics (0.50)
- Complete 1 of the following
  - Must have completed the following:
    - STAT241 - Statistics (Advanced Level) (0.50)
  - Earned a minimum grade of 60% in each of the following:
    - STAT231 - Statistics (0.50)
- Enrolled in H-Computing & Financial Management, or H-Mathematics/Chartered Professional Accountancy

Antirequisites

Not completed nor concurrently enrolled in any of the following:
- AFM323 - Quantitative Foundations for Finance (0.50)
- STAT321 - Regression and Forecasting (Non-Specialist Level) (0.50)
- STAT331 - Applied Linear Models (0.50)
- STAT371 - Applied Linear Models and Process Improvement for Business (0.50)
- STAT374 - Quantitative Foundations for Finance (0.50)
- STAT443 - Forecasting (0.50)

Leads to

Discussed on r/uwaterloo

2 posts and comments in 2 threads mention STAT 374, March 2023 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Spring 2023

Jul 17, 2023 Math electives for arts student math minor 1 point, 13 comments

“I'm doing a math minor from arts faculty with Econ major!! I have to take 3 math electives\ anything from CO, CS, MATH, MATH-BUS, .... what electives would your recommend. …”

u/positivity_nerd: “I would recommend a regression course for you since you are in econ. STAT 321/331/374 whichever works for you”

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Winter 2023

Mar 27, 2023 A course about understanding finance and why ppl don’t chase quant jobs 10 points, 7 comments

“I’ve seen a course called topics in mathematics with application in finance (from an unknown Waterloo of the south impostor school). …”

u/radicaldog1111: “Actsc 221/231 is somewhat similar to what you’ve mentioned. There are also many other actsc courses that are related to mathematical finance”

u/radicaldog1111: “… risk management), actsc446 (math of financial markets), actsc454 (predictive analysis), stat374 (quantative foundations for finance) + a handful of other stats courses that would be useful.”