M.S Financial Mathematics at University Of Chicago [UCHICAGO], Chicago Fees, Entry Requirement & Application Deadline

Master of Science [M.S] [Financial Mathematics] From University of Chicago

Chicago, IllinoisLocation
UniversitySchool type
Estd1890established year
16445enrollment
Private (Not for Profit)
8.4/10

Master of Science [M.S] (Financial Mathematics)

15 months
Full Time
On Campus

Field of Study

$57,105/Yr

$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

EventApplication Date
Round 1 Application Deadline Jan 12, 2024
Round 2 Application Deadline Mar 23, 2024

Tuition Fees

Year1st Year Fees
Tuition Fees$57105 (USD 57105)

Other Expenses

HeadAvg Cost Per Year
Room and Board$17004 (USD 17004)
Total Cost$17004 (USD 17004)

Previous Year Fees

Year1st 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.


Scores Required

100 / 120

Avg. Score in

TOEFL

7.0 / 9

Avg. Score in

IELTS

54 / 90

Avg. Score in

PTE


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 IELTSTOEFL, or PTE, etc.

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
SWE ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
Young Women in Public Affairs AwardScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
BeArt Presets-Academic ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeMerit-Based
Young Professionals ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Prodigy Finance-GyanDhan ScholarshipScholarship per student$ 2,500/Yr$2,500Level Of StudyMasterTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based


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