A strong undergraduate preparation in mathematics, physics, engineering, or economics is an essential prerequisite for this structured and intense program. The MSMF is grounded in the fundamental principles of finance, in conjunction with the analytical and computational tools of stochastic calculus and optimization theory.
The students in the MSMF program run the gamut, but they’ve got one thing in common—drive. Though their demographics may be diverse, are all diligent students eager to learn, grow, and change the world. Take a look at the most recent class profile to give you a sense of all the incredible things MSMF students have to offer.
A distinguishing characteristic of the MSMF is the careful integration of certain practical domains of mathematics with an in-depth study of the theory and practice of modern finance. Our view of the field of mathematical finance has always been that “mathematical” modifies “finance” and that understanding the nature of the Brownian motion, while instrumental, does not amount to an understanding of finance. The net-net? This program focuses on the unique field of mathematical finance rather than treating mathematics and finance as separate entities.
Curriculum
The MSMF is a full-time, three-semester, 36-credit program. In your first semester you chose a concentration. The Asset Management, Quantitative Analytics, and Risk Management concentrations share a common core. The core for the Analytics & Research concentration overlaps with the other concentrations with one exception.
In addition to our comprehensive curriculum, you’ll have the opportunity to complete a two-month summer internship, allowing you to put your newly developed skills to the test, add real-world experience to your resume, and expand your network.
The MS in Mathematical Finance Program is focused on producing proficient quantitative experts along the following domains:
- Computational Expertise and Data Science
- Financial Econometrics and Statistical expertise
- Stochastic Mathematics
- Market Structures and Financial Instruments
- Risk Management
- Derivatives
- Credit Risk
- Portfolio Theory and its Implementation.
The MSMF program will allow you to master more than just math; you’ll also hone your finance, analytics, and computer science skills with the help of some of the brightest faculty in the industry. Whether it’s in investment banking, hedge funds, financial technology companies, or beyond, you’ll do more than just survive the business world—you’ll thrive—wherever you set your sights.
Learn more about the curriculums for the different MSMF concentrations:
Career Opportunities
Even in the ever-changing business world, there’ll always be a spot for a job prospect with a background in mathematical finance. With the MSMF program, you’ll be challenged to hone not only your math skills—you’ll get invaluable soft skills, too. What’s more, you’ll have access to the people with connections. Between your own dedicated career coach from the Graduate Academic & Career Development Center and the Feld Center for Industry Alliances employer team, you’ll have a seamless transition into the working world post-graduation.
Sample Career Paths:
- Algorithmic Trading and Risk Management
- Financial Product Design and Implementation
- Quantitative Modeling
- Securities and Derivative Products Management
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