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Master of Science [M.S] [Financial Mathematics] From University of Minnesota - Twin Cities

Minneapolis, MinnesotaLocation

UniversitySchool type

Estd1851established year

56758enrollment

Public

7.2/10

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

STEM Course

2 years

Full Time

On Campus

Field of Study:

Mathematics,

Finance

Ranked #206 out of 250 by US News Global Ranking 2022

₹24.8 L/Yr

$29,864 /Yr

5 Students Applied

2 Students Admitted

MSc in Financial Mathematics at the University of Minnesota, Twin Cities is offered as a 2-years program by the School of Mathematics.
This university is ranked 34th in the United States of America.
It is an on-campus program offered on a full-time basis only.
The University of Minnesota’s (UMN) MFM is a professional master’s program that prepares students to enter the well-paying and fascinating field of quantitative finance, which entails the application of mathematics, statistics, data science/machine learning, and scientific computing to finance investments, and risk management.
Many of the courses are taught by top-notch practitioners with extensive industry experience.
The curriculum covers theoretical and practical topics that prepare students for the field of quantitative finance.
When students enter the program they will become part of a supportive, caring community of students, alumni, faculty, and advisors. This community helps students thrive in the MFM and long after, over the lifetime of their careers.
Students will benefit from a career workshop and one-on-one advising with our career advisor.
Students will gain insight and explore the right types of jobs to fit their own unique interests and profile within quantitative finance/related domains.
The MSc program consists of 35 credits.

Year	1st Year Fees
Tuition Fees	₹2475427 (USD 29864)

Other Expenses

Head	Avg Cost Per Year
Housing and Board	₹1311486 (USD 15822)
Books and supply	₹82890 (USD 1000)
Total Cost	₹1394376 (USD 16822)

Eligibility & Entry Requirement

Academic Eligibility:

Applicants must hold a bachelor’s degree in Financial Mathematics or equivalent from a recognized institution.
A GPA of at least 3.0/4.0 is required to be eligible for the program.
Required Background in Mathematics and Programming: All applicants should have completed the following:
- Four-semester college level Calculus sequence that covers single variable and multivariable calculus and linear algebra.
- Calculus-based probability course.
- Ability to write code using any programming language.

Indian Student Eligibility:

Students must complete an undergraduate degree with first-class in a relevant field from a highly ranked university in India.
Or, students completed a master's degree with first-class in a relevant field from a recognized 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

79 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

59 / 90

Avg. Score in

PTE

3.0 / 4

Minimum gpa

GPA

Cambridge Assessment English (CAE) C1 Advanced: 180
Duolingo English Test Minimum Score: 120

Required Document List

The following required documents are:

Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
Three Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
Statement of Purpose: This statement must describe your qualifications and the objectives of your intended educational program.
Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
Description of Research or Work Experience may be uploaded and will be considered.
ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Ranking

202320222020201920182017

Mathematics 101 out of 1502 in Global Ranking

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Career and Placement after Course

The careers after graduation are:

Financial Analyst
Financial Services Sales Agent
Financial Manager
Personal Financial Advisor
Investment Banker
Insurance Finance Manager
Financial Consultant

Scholarship Grants & Financial Aids

Name	Scholarship Per Student	Level of Study	Type
Joint Japan/World Bank Graduate Scholarship Program	Scholarship per studentVariable Amount	Level Of StudyMaster	TypeMerit-Based	View Details
Bharat Petroleum Scholarship 2020	Scholarship per studentVariable Amount	Level Of StudyMaster	TypeMerit-Based	View Details
YouAreWelcomeHere Scholarships	Scholarship per studentVariable Amount	Level Of StudyApprenticeship	TypeTuition-Fee-Waiver	View Details
Innovation in Education Scholarship - La Tutors 123	Scholarship per student₹ 41,445/Yr$500	Level Of StudyBachelor	TypeMerit-Based	View Details
(ISC)² Women’s Cybersecurity Scholarships	Scholarship per studentVariable Amount	Level Of StudyBachelor	TypeMerit-Based	View Details
Comindware Scholarship	Scholarship per student₹ 3.3 L/Yr$4,000	Level Of StudyApprenticeship	TypeMerit-Based	View Details