university of chicago ms in financial mathematics: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

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

Chicago, IllinoisLocation
UniversitySchool type
Estd1890established year
16445enrollment
Private (Not for Profit)
7.7/10

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

15 months
Full Time
On Campus

Field of Study

Ranked #13 out of 1502 by THE Global Ranking 2023

$60,496 /Yr

8 Students Applied
3 Students Admitted
  • The University of Chicago MS in Financial Mathematics is a 15-months programs offered on a full-time basis
  • The MSFM program at the University of Chicago provides a rigorous and dynamic education that equips you with a deep understanding of mathematics and its practical applications in the ever-changing financial industry. Through its distinctive curriculum and commitment to excellence, graduates emerge as influential leaders in the field of financial mathematics
  • This Program equips you with a strong foundation in mathematics
  • Also,provides you practical knowledge applicable to complex financial models
  • MSFM at University of Chicago is divided into various course categories, including Foundations, Computing, Markets, Trading and Portfolio Management, Machine Learning and Algorithms, Cross-Listed, and Elective Courses
  • This Programs is delivered On-Campus

Important Dates

EventApplication Date
Application Deadline For 2025 Intake 1 Jan 11, 2025
Application Deadline For 2025 Intake 2 Mar 21, 2025

Tuition Fees

Year1st Year Fees
Tuition Fees$60496

Other Expenses

HeadAvg Cost Per Year
Room and Board$17004
Health Insurance$4917
Books and supply$1800
Miscellaneous expenses$1950
Total Cost$25671

Eligibility & Entry Requirement

Acceptance Rate 6.5%
Academic Requirement Applicants must hold a four bachelor's degree or its equivalent from an accredited college or university
English Language Proficiency Score TOEFL iBT : 90 | IELTS : 7
Documents Required
  • Online Application Form
  • Transcript (from all previous colleges and universities attended)
  • Resume/CV (Updated)
  • 3 Candidate Statements (Each statement should be no longer than 250 words)
  • 3 Letters of Recommendation (At least one letter should be from a professional reference)
  • 2 Video Statements
  • Proof of English Proficiency Score (TOEFL | IELTS)
  • Supporting financial documents
  • A copy of your passport
  • Students Visa (if available)
Application Deadline January 11, 2024 (For Round 1)
Application Fees USD 90 (INR 7477)
Decision Time Within 1-month
Interview Online (Zoom)

Scores Required

90 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS


Ranking

2024202320222020201920182017

QS World University logo
Mathematics 24 out of 553 in Global Ranking
( #11 out of 86 in USA 2024)

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Deadline For 2025 Intake 1 (21st Sep 2024)
Application Deadline For 2025 Intake 2 (4th Jan 2025)
Application Deadline For 2025 Intake 3 (4th Apr 2025)
USD 84,198 /Yr
  • TOEFL: 100
  • IELTS: 7.0
  • PTE: 54
  • GMAT: 600
Application Deadline For Fall 2025 Intake (31st Dec 2024)
USD 32,796 /Yr
  • TOEFL: 100
  • IELTS: 6.5
  • GRE: 324
  • PTE: 68
Application Deadline For 2025 Intake (2nd Jan 2025)
USD 49,500 /Yr
  • IELTS: 7
  • TOEFL: 100
  • PTE: 70
  • GRE: 322

Career and Placement after Course

Job Offer Received 99%
Some Recruitment Industries Bank | Trading | FinTech | Tech
Top Employers JP Morgan | Citi | Bank of America | Cubist | RBC
Career Outcomes After Completing From University of Chicago MS in Financial Mathematics program you may get the jobs as a : Algorithmic Trader | Data Scientist | Quant Researcher | Quant Developer | Financial Engineer
Average Duration to Get Placed Within six months of the graduation
Average Base salary USD 124876 (INR 10372138)

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
1st Formations Business ScholarshipScholarship per student$ 636/Yr$636Level Of StudyBachelorTypeMerit-Based
Forktip Women’s- Innovation ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Gyandhan ScholarshipScholarship per student$ 1,207/Yr$1,207Level Of StudyMasterTypeMerit-Based
The Kay-Grant Group ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Paul Foundation scholarshipsScholarship per student$ 20,174/Yr$20,174Level Of StudyDiplomaTypeMerit-Based
Liberty University Scholarships:Scholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific


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