$57,105 /Yr
On-campus
full_time
Master of Science [M.S] Financial Mathematics
- 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
Tution & Application Fees
| Year | Year 1 | Year 2 |
| Tuition Fees | $57105 | $57105 |
| Total Fees | $57105 | $57105 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 100 | 120 | 3 |
| IELTS | International English Language Testing System | 7.0 | 9 | 3 |
| PTE | Pearson Test of English | 54 | 90 | 3 |
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.