Master of Science [M.S] (Financial Mathematics)
Field of Study:
$57,105/Yr
- MA in Financial Mathematics at The University of Chicago is a 15-month teaching program.
- This is an on-campus program.
- Students can complete the program on a full-time basis by taking five quarters, or a part-time professional by taking one to two courses each quarter.
- Qualified students in the College can pursue a joint MA degree in International Relations through the Committee on International Relations (CIR).
- The program offers accelerated, integrated coursework that explores the deep-rooted relationship that exists between theoretical and applied mathematics and the ever-evolving world of finance.
- In total, the Financial Mathematics degree requires the successful completion of 1250 units.
- The Financial Mathematics program allows students to study at the intersection of mathematics, statistics, finance, economics, and computer science.
- Within the curriculum, courses are organized by quarter, with the fall quarter focusing on the mathematical foundations of the subject and an introduction to financial markets.
- Students get the opportunity to work on projects in the following areas:
- Algorithmic trading based on sentiment and news
- Risk management for illiquid and private securities
- Options volatility modeling
- Systematic macro strategies
- Data analytics
Important Dates
Event | Application Date |
---|---|
Round 1 Application Deadline | |
Round 2 Application Deadline | |
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | $57105 (USD 57105) |
Other Expenses
Head | Avg Cost Per Year |
---|---|
Room and Board | $17004 (USD 17004) |
Total Cost | $17004 (USD 17004) |
Previous Year Tuition Fees
Year | 1st Year Fees |
---|---|
2021 | $57642 (USD 57642) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must complete a bachelor's degree from a recognized institution.
- All candidates should have a solid background in mathematics including multivariable calculus, linear algebra, and probability.
- In addition to academic mathematical training and work experience, candidates with basic computer programming skills, especially in C++ or other object-oriented languages, as well as experience in Python.
- Submission of GRE score is not required in this program.
Work Experience:
Students must have a significant work experience of typically 3-5 years or more.
Indian Student Eligibility:
Indian students are eligible to apply if they meet one of the following eligibility criteria:
- Completed a 4-year UG degree with first class in a relevant field from a recognized institution
- Or, completed a master degree with first class in a relevant field from a recognized institution
- Or, completed a 3-year UG degree with a first-class from an accredited institution
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
Required Document List
Following are the required Documents:
- Resume/CV - This provides a summary of a student's experience and skills.
- Video Statement – Students are required to submit a video statement.
- Higher Secondary School Certificate - The certificate provided by the education board after completion of the Higher secondary education.
- Three Letter of Recommendation - This shows who recommended the student to pursue the degree.
- English Language Requirement - This shows the test score of English Proficiency Exams such as IELTS, TOEFL, or PTE, etc.
Course Guides
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MS Mathematics in USA- Top Colleges, Requirements, Tuition Fee and Scholarships
Scholarship Grants & Financial Aids
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
SWE Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
Young Women in Public Affairs Award | Scholarship per student$ 4,000/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
BeArt Presets-Academic Scholarship | Scholarship per student$ 2,000/Yr$2,000 | Level Of StudyBachelor | TypeMerit-Based | |
Young Professionals Program | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
Prodigy Finance-GyanDhan Scholarship | Scholarship per student$ 2,500/Yr$2,500 | Level Of StudyMaster | TypeMerit-Based | |
VueVille Future Technology Scholarship | Scholarship per student$ 1,000/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based |
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