Economics | Finance | Applied Mathematics | Mathematical Finance | Financial Engineering | Statistics

  1. Program Overview
    The Open Research Experiences for Graduates and Undergraduates (OREGU) program is designed for students interested in pursuing a PhD or Master’s in Economics, Finance, Applied Mathematics, Statistics, Financial Engineering, or Financial Mathematics. This tailored remote program offers 1) formal research training and 2) exposure to graduate-level coursework under the guidance of experienced instructors. It helps students develop strong research skills, gain exposure to advanced coursework, and learn how to produce publishable research papers.

Students accepted into the program will gain hands-on experience in original research, participate in directed online courses to strengthen their knowledge, and receive mentorship from at least one research expert in their chosen field. This program is designed for students who plan to pursue a PhD or, at a minimum, a Master’s at a leading university after completing their undergraduate studies.

  • Program Details
  • Mode of Study: Remote (online)
  • Research Areas: Applied Mathematics, Statistics, Economics, Finance, Financial Mathematics, Financial Engineering
  • Tuition: $5,500 (scholarships are available in limited numbers, and all candidates are considered for them)
  • Duration: Up to one academic session, renewable based on student demand. Classes and research meetings are flexible and held on weekends to accommodate all full-time students
  • Outcome: At least one publishable research paper in the student’s area of interest and transcripts issued showing courses taken and grades obtained
  • Application Deadlines: Applications are accepted year-round for summer, spring, and fall intakes
  • Eligibility: Open to both domestic and international students who are certain to pursue graduate studies and are seeking to strengthen their research foundation
  • Additional Benefits:
    • Students who complete the program and produce a publishable research paper will receive support when applying to top graduate programs.
    • Active mentorship and research guidance from experienced researchers in the field.
  • Graduate Coursework Details

Accepted students can choose and take any desired combination of courses (up to 7) from the list below. The courses are taught online by our instructors and are designed to prepare students for cutting-edge research and graduate school.

Finance Economics Applied Mathematics | Statistics Financial Engineering | Financial Mathematics
Continuous Time Finance Macroeconomic Theory Applied Functional Analysis Computational Finance and PDE  for Financial Mathematics
Methods of Asset Pricing Microeconomic Theory Dynamic Programming Financial Risk: Market and Credit Risk Management
Stochastic Calculus Econometric Theory Partial Differential Equations Stochastic Optimal Control
 Derivatives Pricing Applied Econometrics Numerical Approximation Methods Portfolio Theory and Construction
Financial Economics Behavioral Economics Stochastic Analysis Stochastic Differential Equations
Corporate Finance and Financial Markets Mathematical Statistics Ordinary Differential Equations Advanced Derivatives Pricing
Statistical Analysis of Financial Data Open Econ (International Finance) Measure Theory and Integration Machine Learning in Finance
Machine Learning in Finance Financial Econometrics Measure Theoretic Probability Programming and LaTeX
Structured Finance Bayesian Econometrics Real Analysis  
Programming and LaTeX Programming and LaTeX Linear Algebra  
    Advanced Statistical Methods  
    Statistical Foundations of Machine Learning and Data Science  
    Programming and LaTeX  
  • Research Details

Accepted students are at liberty to work on research topics consistent with their areas of strength. A high-level, complete and well-written research paper is the expected outcome of the research exercise. After this, students will have a chance to work on further research projects with mentors, to further strengthen their understanding and preparation for future graduate studies.

Finance Economics Applied Mathematics | Statistics Financial Engineering | Financial Mathematics
Research topics can span all areas of finance in which we have expertise. These topics should be reasonable and achievable based on the knowledge students have realistically acquired. Research mentors will provide guidance throughout the process. Research topics can span all areas of economics in which we have expertise. These topics should be reasonable and achievable based on the knowledge students have realistically acquired. Research mentors will provide guidance throughout the process. Research topics can span all areas of applied mathematics and statistics in which we have expertise. These topics should be reasonable and achievable based on the knowledge students have realistically acquired. Research mentors will provide guidance throughout the process. Research topics can span all areas of financial mathematics and engineering in which we have expertise. These topics should be reasonable and achievable based on the knowledge students have realistically acquired. Research mentors will provide guidance throughout the process.
  • How to Apply & Application Requirements

Click here and apply.

Early application is highly recommended due to limited space. We reserve the right to close applications before the deadline if all spots are filled, so we encourage you to submit your application as soon as possible. For any inquiries, please contact us at info@baumtenpers.com

An acceptable application includes a completed online application and other supporting application materials such as your resume, unofficial transcript and any other documents you wish to submit. You may submit your application without a transcript, but we will need a transcript to finalize your offer at a later stage. We recommend that you complete your application early to get the best chances of securing a place.  

Application Deadlines:
May 30th – Summer Semester
July 31st – Fall Semester
February 27th – Spring Semester

  • Objectives and Expected Outcomes

The OREU program prepares students with theoretical and analytical methods applicable to research in their fields of interest. By engaging in cutting-edge research, taking graduate-level courses, and receiving personalized mentorship, students will significantly enhance their academic profiles and research skills.

The program culminates in the acquisition of advanced knowledge and skills and the creation of a publishable research paper by each student, strengthening students’ future applications to graduate programs and providing them with a solid academic portfolio. Students who excel in the OREU program will be well-equipped to stand out in the competitive graduate school environment and excel in their future careers.

OREU integrates economic and finance theory with mathematical methods and practical applications, ensuring that students are well-prepared for success in graduate school and beyond. This is made possible by our instructors.

Our instructors and mentors hold PhD degrees in Finance, Economics, (Applied) Mathematics and Financial Mathematics and are successful academics, researchers, and private-sector professionals, reputed for their excellence in teaching and research in finance, economics, and applied mathematics. Many of our former students have gone on to pursue research degrees at leading universities in the U.S. and internationally, and we are confident that new students will achieve similar success if they excel in the OREU program.

Please Note

The above OREGU program at BAUM TenPers Institute is different from the Certificate in Economic Theory, Econometrics and Mathematical Economics, which already commenced in January 2025.