MS in Financial Mathematics Program By University of Chicago |Top Universities

MS in Financial Mathematics

MS in Financial Mathematics

  • QS World University Rankings
    10
  • Study Level Masters
  • Duration 15 months
  • Start date Jan-2000

+ 22 others shortlisted this program

+ 23 others shortlisted this program

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.