Master of Science [M.S] (Financial Mathematics)
Field of Study:
$21,360 /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.
Important Dates
Event | Application Date |
---|---|
Application Deadline For Fall 2025 Intake | Dec 1, 2024 |
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | $21360 |
Other Expenses
Head | Avg Cost Per Year |
---|---|
Housing and Board | $15822 |
Books and supply | $1000 |
Miscellaneous expenses | $4000 |
Total Cost | $20822 |
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.
Similar Programs
Program | Important Date | Total Fees | Median Exams Score | Action |
---|---|---|---|---|
Application Deadline For Fall 2025 Intake (1st Dec 2024) | USD 21,360 /Yr |
| ||
Application Deadline For Fall Intake (6th Jan 2025) | USD 33,960 /Yr | |||
Application Deadline For Fall Intake (1st Jan 2025) | USD 33,310 /Yr |
| ||
USD 64,350 /Yr |
|
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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 | |
---|---|---|---|---|
Hubert H. Humphrey Fellowship Program | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
Shardashish Interschool fellowship | Scholarship per student$ 50,000/Yr$50,000 | Level Of StudyMaster | TypeCollege-Specific | |
University of Phoenix | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
1st Formations Business Scholarship | Scholarship per student$ 636/Yr$636 | Level Of StudyBachelor | TypeMerit-Based | |
Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
Gyandhan Scholarship | Scholarship per student$ 1,207/Yr$1,207 | Level Of StudyMaster | TypeMerit-Based |
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