Master of Science [M.S] (Financial Mathematics)
STEM Course
2 years
Full Time
On Campus
Field of Study:
$29,864/Yr
$29,864 /Yr
- 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.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $29864 (USD 29864) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing and Board | $15822 (USD 15822) |
| Books and supply | $1000 (USD 1000) |
| Total Cost | $16822 (USD 16822) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | $23888 (USD 23888) |
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
- 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.
Course Guides
Masters (MS) in USA: Colleges, Courses, Deadlines, Eligibility & Fees
Masters in Finance in USA: Top Colleges, Fees, Funding, Jobs, Scholarships
MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MS Mathematics in USA- Top Colleges, Requirements, Tuition Fee and Scholarships
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 | |
|---|---|---|---|---|
| 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 | |
| Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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Faculty, schools and campuses
University of Minnesota- DuluthDuluth, Minnesota
- Carlson School of Management
Minneapolis, Minnesota
Important Dates
| Program | Important Dates |
|---|---|
| M.S Data Science | Application Deadline (1st Mar 2023) |
| M.S Computer Science | Application Deadline (1st Mar 2023) |
| M.S Supply Chain Management | Application Deadline Round 2 (15th Feb 2023) Application Decision Deadline Round 2 (17th Mar 2023) Application Deadline Round 3 (15th Apr 2023) Application Decision Deadline Round 3 (16th May 2023) |
| M.B.A | Application Deadline Round 3 (1st Feb 2023) Application Decision Deadline Round 3 (15th Mar 2023) |
| M.A Psychological Science (Major) | Application Deadline (1st Dec 2023) |
| M.S Pharmaceutics | Application Deadline (30th Nov 2023) |
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