$32,984 /Yr
On-campus
full_time
Master of Science [M.S] Financial Mathematics
- 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.
Tution & Application Fees
| Year | Year 1 | Year 2 |
| Tuition Fees | $23888 | $23888 |
| Health Insurance | $3288 | $3288 |
| Other Fees | $5808 | $5808 |
| Total Fees | $32984 | $32984 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 79 | 120 | 3 |
| IELTS | International English Language Testing System | 6.5 | 9 | 3 |
| PTE | Pearson Test of English | 59 | 90 | 3 |
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.