Master of Science [M.S] (Financial Mathematics)
STEM Course
15 months
Full Time
On Campus
Field of Study:
Ranked #13 out of 1502 by THE Global Ranking 2023
₹48.9 L/Yr
$57,105 /Yr
8 Students Applied
3 Students Admitted
The M.S Financial Mathematics program at University of Chicago is a 15-months program. The tuition fee for M.S Financial Mathematics in 2023 at University of Chicago was USD 57105 (₹4891614). In 2021, the fee was USD 57642 (₹4937614), reflecting a drop of USD 537 (₹46000)
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹4891614 (USD 57105) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board | ₹1456563 (USD 17004) |
| Total Cost | ₹1456563 (USD 17004) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | ₹4937614 (USD 57642) |
- 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
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Eligibility & Entry Requirement
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.
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Required Document List
Following are the required Documents:
- Resume/CV - This provides a summary of a student's experience and skills.
- Video Statement – Students are required to submit a video statement.
- Higher Secondary School Certificate - The certificate provided by the education board after completion of the Higher secondary education.
- Three Letter of Recommendation - This shows who recommended the student to pursue the degree.
- English Language Requirement - This shows the test score of English Proficiency Exams such as IELTS, TOEFL, or PTE, etc.
TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| - | - | - |
| - | - | - |
| - | - | - |
Key Resources for Your Study Abroad Journey
Course Guides
Masters (MS) in USA: Colleges, Courses, Deadlines, Eligibility & Fees
MS Mathematics in USA- Top Colleges, Requirements, Tuition Fee and Scholarships
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| 1st Formations Business Scholarship | Scholarship per student₹ 68,528/Yr$800 | Level Of StudyBachelor | TypeMerit-Based | |
| The Kay-Grant Group Scholarship | Scholarship per student₹ 85,660/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 17.1 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| FormSwift Scholarship Program | Scholarship per student₹ 85,660/Yr$1,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| BrokerFish International student scholarship | Scholarship per student₹ 85,660/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Debesh Kamal Scholarship | Scholarship per student₹ 1.2 L/Yr$1,385 | Level Of StudyBachelor | TypeMerit-Based |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
-- | INR 66.7 L/Yr USD 77,841 /Yr |
|
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