Programme overview

Main Subject

Accounting and Finance

Study Level

Masters

The MSFM Program receives hundreds of applications each year from candidates across the globe. Because students admitted to the Program are held to the highest of academic standards, the Admissions Committee considers each application carefully and admits only the most qualified applicants. Although the application process can be challenging, those who are admitted to and complete the MSFM Program receive immeasurable benefits for years to come. The Financial Mathematics Program is taught by University of Chicago faculty, adjunct faculty, and lecturers drawn from industry professionals. We teach students the principles of applied mathematics as those principles relate to the financial industry. Students learn about the theoretical components involved with pricing derivatives and managing assets as they learn how to work with complex mathematical and financial models. All course curriculum is developed by Program faculty and industry experts. Students will generally complete the curriculum in five quarters, or 15 months. Courses are organized by quarter, with the fall quarter focusing on the mathematical foundations of the subject and an introduction to financial markets. The winter and spring quarters focus on topics such as statistical risk management, regression analysis, portfolio theory and applications of the mathematical theory of option pricing, as well as fixed income and foreign exchange derivatives. In summer quarter students can opt to receive practical training through Project Lab or an internship. The final fall quarter rounds off the degree with a variety of elective courses. Because the concepts introduced build upon each other, part-time students should expect to take more foundational courses first, followed by the more advanced and applied courses.

Programme overview

Main Subject

Accounting and Finance

Study Level

Masters

The MSFM Program receives hundreds of applications each year from candidates across the globe. Because students admitted to the Program are held to the highest of academic standards, the Admissions Committee considers each application carefully and admits only the most qualified applicants. Although the application process can be challenging, those who are admitted to and complete the MSFM Program receive immeasurable benefits for years to come. The Financial Mathematics Program is taught by University of Chicago faculty, adjunct faculty, and lecturers drawn from industry professionals. We teach students the principles of applied mathematics as those principles relate to the financial industry. Students learn about the theoretical components involved with pricing derivatives and managing assets as they learn how to work with complex mathematical and financial models. All course curriculum is developed by Program faculty and industry experts. Students will generally complete the curriculum in five quarters, or 15 months. Courses are organized by quarter, with the fall quarter focusing on the mathematical foundations of the subject and an introduction to financial markets. The winter and spring quarters focus on topics such as statistical risk management, regression analysis, portfolio theory and applications of the mathematical theory of option pricing, as well as fixed income and foreign exchange derivatives. In summer quarter students can opt to receive practical training through Project Lab or an internship. The final fall quarter rounds off the degree with a variety of elective courses. Because the concepts introduced build upon each other, part-time students should expect to take more foundational courses first, followed by the more advanced and applied courses.

Admission Requirements

IELTS

7+

Starting Month(s)

Jan-2000

Scholarships

Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.

To help students navigate this challenging process, we recommend the following articles:

MS in Financial Mathematics

# 5QS Subject Rankings

15 monthsProgramme duration

Accounting and FinanceMain Subject Area

Programme overview

Main Subject

Study Level

Programme overview

Main Subject

Study Level

Admission Requirements

Exam Scores

Important Dates

Scholarships

Scholarships

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