M.S Mathematical Finance & Financial Technology at Boston University [BU], Boston Fees, Entry Requirement & Application Deadline

Master of Science [M.S] [Mathematical Finance & Financial Technology] From Boston University

Boston, MassachusettsLocation
UniversitySchool type
Estd1839established year
33355enrollment
Private (Not for Profit)
7.3/10

Master of Science [M.S] (Mathematical Finance & Financial Technology)

18 months
Full Time
On Campus

Field of Study

₹48.5 L/Yr

$58,560 /Yr

Students will be exposed to the latest concepts, tools and computational techniques employed in financial econometrics and data analysis and will have the opportunity to explore exciting new frontiers such as machine learning and algorithmic trading.

The program comprises five areas of concentration:

  • Asset Management
  • Financial Technology
  • Quantitative Analytics
  • Risk Management
  • Analytics & Research

Important Dates

EventApplication Date
Application Deadline For Fall 2024 Intake Round 2 Jan 20, 2024
Application Deadline For Fall 2024 Intake Round 3 Mar 31, 2024

Tuition Fees

Semester1st Year Fees
Tuition Fees₹2427019 (USD 29280)

Other Expenses

HeadAvg Cost Per Year
Room and Board₹1209365 (USD 14590)
Health Insurance₹253146 (USD 3054)
Books and supply₹130469 (USD 1574)
Compulsory Fees₹128397 (USD 1549)
Total Cost₹1721377 (USD 20767)

MSMFT program fee of $1,830 each semester


Eligibility & Entry Requirement

Academic Eligibility: 

  • Applicants to master’s degree and graduate certificate programs must have earned a bachelor’s degree from a regionally accredited institution (or the international equivalent) prior to enrollment.
  • Students required an average grade of 3.0. (83 to 86% or B grade)

Language Requirments:

  • Students whose official language is not English are required to submit IELTS or TOEFL scores. 

Indian Student Eligibility:

  • Students required a Higher Secondary Certificate/ISC (State board exams may also be considered for admission) and a four-year bachelor’s degree.

Scores Required

84 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS

298 / 340

Avg. Score in

GRE updated

3 / 4

Minimum gpa

GPA


Required Document List

The following required documents are:

  • Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
  • Three Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
  • Statement of Purpose/Personal Statement: This statement must describe your qualifications and the objectives of your intended educational program.
  • Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Ranking

2023202220212020201920182017

Times Higher Education logo
Finance 71 out of 1501 in Global Ranking

Career and Placement after Course

Every MSMFT student completes the career management course, MF 610:  Mathematical Finance Career Management. This course:

  • Develops sound networking and job search strategies
  • Prepares you for 'quant' interviews
  • Develops good career management habits
  • Introduces you to practicing industry experts via the Visiting Speaker Series
  • Informs you of important developments in financial markets and issues of the day that affect the global financial services industry

In addition to MF 610, you will work with career counselors in our Master's and PhD Center and the Executive Director of the MSMFT program to explore career options and to further refine your career management strategy.

The career paths that MSMFT graduates embark on include:

  • Algorithmic and quantitative trading
  • Design and valuation of financial products
  • Financial data analysis
  • Financial technology
  • Portfolio management
  • Quantitative risk management

Recent employers of MSMFT graduates include:

  • Barclays Capital
  • Citigroup
  • CITIC Securities
  • Fidelity Investments
  • Jane Street
  • Morgan Stanley
  • State Street

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Trustee ScholarshipsScholarship per studentVariable AmountLevel Of StudyMasterTypeCollege-Specific
VueVille Future Technology ScholarshipScholarship per student₹ 82,890/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Young Professionals ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Chuan Ai Lu Engstrom Memorial ScholarshipScholarship per student₹ 82,890/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Aga khan Foundation ScholarshipsScholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based
Prodigy Finance-GyanDhan ScholarshipScholarship per student₹ 2.1 L/Yr$2,500Level Of StudyMasterTypeMerit-Based


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