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    Mathematical Modeling of Finance: An Introduction to Quantitative Analysis
    Online Program

    Mathematical Modeling of Finance: An Introduction to Quantitative Analysis

    by Brown Pre-College Programs

    Brown's finance course connects compound interest, annuities and loans with probability theory, helping students use mathematics to analyze financial decisions.

    Last verified: 9 Oct 2026Reviewed by:SSSean Stevens

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    Mathematical Modeling of Finance at a glance: cost, dates and eligibility

    Current status

    Upcoming

    Eligibility

    Grades 9-12; strong basic algebra

    Age range / Year group

    Ages 14-18

    Location / Region

    Online

    Cost

    $5,554

    Duration

    4 weeks

    Format

    Online

    Next deadline

    Not announced · Next cycle not announced

    Get next-cycle reminder
    FinanceMathematicsStatistics
    Language: English
    Sessions / cadence: Daily engagement; approximately 15 hours/week
    Assessment style: Narrative Course Performance Report
    Certificate: Digital CeCertificate of Completion
    Latest verified cycle: 2026
    Instructor support: Virtual office hours; personalized feedback
    Instructor: Mehdi Khorami

    Mathematical Modeling of Finance summary

    Brown's course introduces the mathematics behind financial decisions, progressing from compound interest, annuities and loans to probability and expected value.

    Students work through course material independently, with instructor feedback, office hours and optional live discussions supporting their learning.

    It suits students who enjoy applying algebra to practical questions and want to test their interest in quantitative finance.

    What is Mathematical Modeling of Finance: An Introduction to Quantitative Analysis?

    Mathematical Modeling of Finance: An Introduction to Quantitative Analysis is a Brown University Pre-College course connecting mathematics with financial decision-making. Students begin with how money grows over time, including interest rates, compound interest, annuities and loans.

    The second part introduces probability theory, random variables, distributions, expected value and conditional probability. Mostly asynchronous Canvas coursework gives students responsibility for their study routine, while optional live sessions and virtual instructor office hours provide opportunities to ask questions.

    Why Succeed highlights Mathematical Modeling of Finance

    • The course connects familiar money-growth calculations with probability-based financial decisions.

    • Published learning outcomes include concrete calculations, from annuity values to expected values.

    • Conditional probability is applied to loan defaults, giving abstract mathematics a clear financial context.

    • Instructor office hours and personalized feedback support independent online study.

    • A Course Performance Report provides a narrative assessment beyond the completion certificate.

    Who is Mathematical Modeling of Finance for?

    Best for

    Students who enjoy algebra, want to understand the mathematics behind finance and can maintain an independent study routine.

    Not ideal if

    You need a fixed daily live-class timetable or want college credit and formal grades.

    Is Mathematical Modeling of Finance worth it?

    This course is worth considering if you want to test whether applying mathematics to finance interests you. Its progression from compound interest to probability offers a coherent introduction, and instructor feedback can help you identify strengths and gaps.

    The value depends on using that support and keeping up with independent coursework. It is a substantial financial commitment without college credit, and Brown explicitly says Pre-College is not a prospecting program for undergraduate admission.

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    20 minutes · No obligation to enrol

    A practical overview of cost, time commitment, provider details, student outcomes and online support to review before deciding.

    Cost and what is included

    $5,554; includes Online course instruction and activities., Virtual instructor office hours., Personalized academic feedback., Virtual extracurricular learning opportunities., Digital CeCertificate after successful completion., Course Performance Report for this four-week course..

    Dates and time commitment

    4 weeks; Daily engagement; approximately 15 hours/week.

    Provider details

    Review the Brown Pre-College Programs provider page and official sources before making a final decision.

    What the student gains

    Potential output: Successful completion earns a digital CeCertificate of Completion.. Check whether feedback, certificate, recommendation or application evidence is included.

    Online support and safeguarding

    Check how online sessions are supervised, how mentor communication works, and what support route exists if the student needs help.

    What to check before committing

    Confirm current dates, session schedule, payment terms, cancellation rules, support expectations and what output or certificate is included with the provider.

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    How much preparation does Mathematical Modeling of Finance need?

    Effort level

    Moderate to high, with approximately 15 hours of coursework weekly.

    Best started

    Allow several weeks before the next application deadline for the essay, grade reports and any language testing.

    Main challenge

    Maintaining a daily study routine while learning unfamiliar mathematical concepts.

    Typical preparation

    • Review algebraic manipulation, percentages and exponents before the course.

    • Draft the application essay and gather current and previous academic-year grades.

    • Reserve daily study time and test your computer, webcam, microphone and Zoom.

    • Allow approximately three hours for orientation during the week before the course, completing it by Friday.

    Useful if

    You want to explore quantitative finance before committing to further study.

    What do students do on Mathematical Modeling of Finance?

    You build a mathematical toolkit for understanding money over time and analyzing uncertainty in finance. Daily Canvas engagement is supported by optional live sessions and virtual office hours.

    Step-by-step process

    1. 1

      Complete Canvas orientation and review course expectations before instruction begins.

    2. 2

      Study interest rates, compound interest, annuities and loans.

    3. 3

      Learn sample spaces, discrete probability models, random variables and distributions.

    4. 4

      Calculate probabilities and expected values for financial situations.

    5. 5

      Apply conditional probability to loan defaults.

    6. 6

      Complete required coursework and use instructor office hours for questions.

    Mathematical Modeling of Finance dates and deadlines

    Next cycle not announced yet. These dates are from the latest verified cycle and should be used as a reference only.

    Application deadline

    15 May 2026

    General Brown Pre-College deadline; course enrollment is separate.

    Reference date

    Programme dates

    22 June-17 July 2026

    Reference date

    Applications open

    14 January 2026

    Summer 2026 application cycle.

    Reference date

    Final admission decisions

    22 May 2026

    Summer 2026 admissions cycle.

    Reference date

    Eligibility and requirements

    • Completing grades 9 to 12.

    • Ages 14-18 by 14 June 2026.

    • Strong basic algebra background.

    • No finance or calculus experience required.

    • Strong English proficiency for college-level study.

    • Admission to Brown Pre-College and separate course enrollment required.

    • Applicable international applicants must submit TOEFL iBT or Duolingo results.

    How much does Mathematical Modeling of Finance cost?

    Program fee

    $5,554 — 2026 four-week online course fee.

    Funding or discounts

    • Application fee: $80 — Nonrefundable; eligible applicants may request a waiver.
    • Enrollment deposit: $500 — Required before enrollment; normally nonrefundable.
    • Sibley Scholarship: Need-based aid — Separate application; eligible students only; one course per year.

    What's included

    Online course instruction and activities., Virtual instructor office hours., Personalized academic feedback., Virtual extracurricular learning opportunities., Digital CeCertificate after successful completion., Course Performance Report for this four-week course.

    How to apply to Mathematical Modeling of Finance

    1. 1

      Create one applicant account in Brown's Student Portal.

    2. 2

      Complete the application form and write the required 250 to 500-word essay.

    3. 3

      Upload current and previous academic-year grades and any applicable language-test results.

    4. 4

      Pay the $80 application fee or request an eligible fee waiver.

    5. 5

      Monitor the portal and email for additional requirements and your admission decision.

    6. 6

      After admission, review the desired course before paying the $500 nonrefundable deposit.

    7. 7

      Complete separate course enrollment, payment, required forms and Canvas orientation.

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    Learning format

    The course runs through Canvas with mostly asynchronous content, daily engagement and approximately 15 hours of work per week. Optional live sessions supplement independent study, while a required orientation takes approximately three hours during the preceding week and must be completed by Friday.

    Optional live-session times are announced at the start of the course.

    Mentorship and feedback

    • Mehdi Khorami is the named course instructor.

    • Virtual office hours support questions about content and assignments.

    • Personalized feedback accompanies the online academic experience.

    • Optional live sessions connect students with the instructor and classmates.

    • The Course Performance Report assesses coursework and quality of engagement.

    • Writing Center and English-language support appointments are available.

    Time-zone considerations

    • Most course content is asynchronous.
    • Live sessions are optional, with times announced at the start.
    • Mostly asynchronous students can attend optional sessions or review recordings.
    • Plan daily Canvas access and approximately 15 hours of weekly coursework.

    Tech requirements

    • Computer with a reliable internet connection.

    • Webcam and microphone, built-in or external.

    • Word processor such as Microsoft Word or Google Docs.

    • PDF reader such as Adobe Acrobat.

    • Zoom, Canvas access and your Brown email credentials.

    Assessment style

    Instructor assessment is summarized in a narrative Course Performance Report rather than formal grades.

    • The report assesses the student's work within the course.
    • Comments normally address the quality of engagement.
    • Students must complete required coursework and remain active.
    • Successful completion determines eligibility for the digital certificate.

    Portfolio and outputs

    Main deliverable / output

    Successful completion earns a digital CeCertificate of Completion.

    • Instructor-written Course Performance Report.

    • Secure, verifiable PDF certificate that can be shared digitally.

    • Completion documents can demonstrate participation without a transcript.

    Mathematical Modeling of Finance FAQs

    No finance or calculus experience is required. A strong basic algebra background is needed.

    The course covers interest rates, compound interest, present and future values of annuities, and loans. It then introduces probability models, random variables, distributions, expected value and conditional probability in finance.

    This section is mostly asynchronous, with optional live sessions. Their times are announced at the start of the course.

    Plan for approximately 15 hours per week and log into Canvas at least once each day. Before the course, complete a required orientation taking approximately three hours.

    No. Brown's non-credit Pre-College courses do not award college credit, formal grades or a transcript.

    Successful completion earns a digital CeCertificate of Completion. Because this online course is longer than three weeks, students who complete it also receive an instructor-written Course Performance Report.

    No. Admission is to Brown Pre-College; course enrollment is a separate step after admission and payment of the required nonrefundable deposit.

    Eligible students can apply for need-based Sibley Scholarships through their student portal after submitting a program application. Awards depend on financial need, admission and funding limits; international students are not eligible.

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    Sean Stevens

    Content reviewed by

    Sean Stevens

    Co-founder, Succeed | Founder, Immerse Education (2012–2026)

    Sean works at the intersection of academic enrichment, program quality and university preparation, with expertise in evaluating pre-university experiences for ambitious secondary school students.

    View author page

    Sources and verification

    Source types reviewed

    • Sibley Scholarships | Pre-College Program | Brown University
    • Application Fee Waivers | Pre-College Program | Brown University
    • CeCertificate Access | Pre-College Program | Brown University
    • Handbook of Pre-College Policies | Pre-College Program | Brown University
    • Frequently Asked Questions (FAQ) | Pre-College Program | Brown University
    • Brown Pre-College Online | Pre-College Program | Brown University
    • Financial Policies and Payment Information | Pre-College Program | Brown University
    • Admissions Decisions | Pre-College Program | Brown University
    • Application Checklist | Pre-College Program | Brown University
    • Apply | Pre-College Program | Brown University
    • Brown Pre-College Online
    • Program Dates and Costs | Pre-College Program | Brown University
    • 2026 Program Costs: Breakdown of Fees
    • Mathematical Modeling of Finance: An Introduction to Quantitative Analysis - Pre-College Course Catalog"

    Succeed uses official provider information where available, but keeps this public page focused on comparison and planning inside Succeed.

    What we verified (on 9 Oct 2026)

    • Official course details reviewed

    • Course prerequisites checked

    • Session dates cross-checked

    • Matching online fee checked

    • Application requirements reviewed

    • Completion credentials verified

    • Scholarship eligibility reviewed

    How Succeed uses this information

    We use source material to verify core facts, then show older cycle dates as reference when a current cycle is not available. Always check current application instructions before applying.