Master of Science [M.S] [Financial Mathematics] From University of Chicago

Chicago, IllinoisLocation

UniversitySchool type

Estd1890established year

16445enrollment

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Master of Science [M.S] (Financial Mathematics)

STEM Course

15 months

Full Time

On Campus

Field of Study:

Mathematics

₹47.3 L/Yr

$57,105 /Yr

8 Students Applied

3 Students Admitted

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

Event	Application Date
Round 1 Application Deadline	~~Jan 12, 2024~~
Round 2 Application Deadline	~~Mar 23, 2024~~

Tuition Fees

Year	1st Year Fees
Tuition Fees	₹4733433 (USD 57105)

Other Expenses

Head	Avg Cost Per Year
Room and Board	₹1409462 (USD 17004)
Total Cost	₹1409462 (USD 17004)

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.

Scores Required

100 / 120

Avg. Score in

TOEFL

7.0 / 9

Avg. Score in

IELTS

54 / 90

Avg. Score in

PTE

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.

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Scholarship Grants & Financial Aids

Name	Scholarship Per Student	Level of Study	Type
SWE Scholarships	Scholarship per studentVariable Amount	Level Of StudyBachelor	TypeMerit-Based	View Details
Young Women in Public Affairs Award	Scholarship per student₹ 3.3 L/Yr$4,000	Level Of StudyBachelor	TypeMerit-Based	View Details
BeArt Presets-Academic Scholarship	Scholarship per student₹ 1.7 L/Yr$2,000	Level Of StudyBachelor	TypeMerit-Based	View Details
Young Professionals Program	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details
Prodigy Finance-GyanDhan Scholarship	Scholarship per student₹ 2.1 L/Yr$2,500	Level Of StudyMaster	TypeMerit-Based	View Details
VueVille Future Technology Scholarship	Scholarship per student₹ 82,890/Yr$1,000	Level Of StudyBachelor	TypeMerit-Based	View Details