Finance and stats/applied maths is a really good combination indeed. I guess how mathematical a finance subject gets depends on the lecturer. One of the finance lecturers at usyd give really really technical stuff to second year commerce students. He's got a pure maths PhD.
I really prefer applied stuff as well (didn't know Ben is that theoretical). Actually I am not that interested in Malliavin Calculus, too much focus on analysis. I was pressing for time and didn't really think about what I wanted to do. I'll try to switch to a more practical topic.
I'll be doing applied honours and working on bond options next year with Peter. Peter's specialised in option pricing, he's found a lot of unique and clever methods to price exotic products. And that's where my main interests lie at the moment. Credit derivatives, term structure models and stochastic volatility also seem interesting. Haven't got motivation to study them yet, too lazy lately
