MS Mathematical Finance and Financial Technology Virtual Information Session
Monday, November 18
8:00 AM
Already started your application?
This three-semester, 17-month program is for ambitious and articulate students, ready to work hard and cooperatively to take on a demanding curriculum. Guided by our faculty, world-renowned scholars, and leading industry practitioners, you’ll master a balanced mix of finance, mathematics, data analytics, and computer programming to gain the tools you need to thrive wherever you set your sights—from investment banks to hedge funds to financial technology companies.
When reviewing applicants, our Admission team considers the whole picture—academic record, quantitative and analytical skills, professional experience, communication and leadership skills. We aim to create a class filled with highly qualified professionals from a variety of cultures and backgrounds, with a diversity of life and work experiences. We believe a diverse learning environment expands outlooks and spark new ideas, so we want applicants from all backgrounds in business and beyond—and that means you!
If you have your sights set on becoming a quantitative analyst, developer, portfolio manager, risk analyst, financial technologist, researcher, consultant, or any other role where your unique skill set will set you apart from the competition, MSMFT is your answer.
We know the application process can take a lot of time and effort. If you have any questions, feel free to email or call us at (617) 353-2670.
When you’re ready to apply, start with our online application form. You may submit one application per entry term, and you can check the status of an existing application at any time. Review the admissions checklist to stay on top of required materials, and keep an eye on our deadlines, too. Feel free to contact us with any questions along the way. We want the admissions process to be as simple and transparent as possible. Reach out to the Graduate Admissions and Financial Aid Office at (617) 353-2670 or msmft@bu.edu.
The Graduate Admissions and Financial Aid Office keeps all records on file for one year. We welcome your re-application. Each re-applicant is required to submit a new application form and fee ($125); an essay discussing updates or changes since the time of the previous application, as well as reasons for re-applying; an updated resume; a new letter of recommendation; official university-level transcripts (if the re-applicant has taken new coursework since the time of their first application); and updated GMAT or GRE results (if applicable).
The Graduate Admissions and Financial Aid Office will waive the application fee for current BU employees, as well as for those who attended select admissions events. In addition, we will waive the application fee for those who are members or alumni of the following programs:
The US Military | Education Pioneers | Historically Black Colleges |
The Peace Corps | Teach for America | Hispanic Serving Institutions |
AmeriCorps | City Year Corps | Management Leadership for Tomorrow MBA Fellows |
Instructions: To take advantage of this waiver, please fill out this form once your application has been started. Your CAS ID can be found at the top right of the online application. Once we process your fee waiver request, you’ll receive a follow-up email with additional instructions on how to submit your application. DO NOT click “submit and pay for programs” prior to receiving these instructions. We are unable to offer application fee refunds.
Due to the high volume of applications we receive, your application fee waiver may take a few business days to process. As such, we encourage you to submit your application fee waiver request as soon as you have started your application. If you wait until the application deadline to submit your waiver request, you will still be considered “on time” for that deadline as long as you submit your application within 48 hours of receiving your waiver code. You must submit your waiver request before you submit your application in order for the fee waiver to be applied.
Please note: If you have been approved for an application fee waiver and are applying to one of our dual degree programs, the application fee waiver will be applied to your Questrom application only. You will still need to pay the required application fee for the other school at BU to which you are applying.
After submitting a complete application for admission, candidates can expect to receive an admissions decision within 6-8 weeks.
Entry Date | Application Deadline |
---|---|
Fall 2025 | November 20, 2024 |
February 12, 2025 | |
April 4, 2025 |
Applications will be reviewed on a space-available basis following the final deadline***
*** For Domestic Students & International Students with a current, active F-1 visa
Submit aplication form online only.
Online Application Fee of $125 is payable by credit/debit cards only at time of submission.
In the “Documents” section of the “Program Materials” portion of the application, respond to three video essay questions to help us get to know you better.
Current resume, as required in the “Experiences” section of the online application. Upload in the “Supporting Information” section of the online application.
In the “Questions” section of the “Program Materials” portion of the application.
In the “Recommendations” section of the “Program Materials” portion of the application, submit two letters of recommendation.
Submit transcripts for any coursework completed, including study abroad and post graduate work, in the “Academic History” portion of the application.
Mail paper copy to:
Boston University Questrom School of Business
595 Commonwealth Ave
We accept either GMAT or GRE score reports for applications to the MSMFT program. BU’s GMAT codes vary by program, so please see the GMAT Code chart below for your degree. BU’s GRE code is 3087.GMAT and GRE test scores are valid for 5 years and you should upload an unofficial copy with your online application. You can register for the GMAT exam at mba.com, and the GRE at ets.org. You may also wish to familiarize yourself with these tests by viewing free GMAT sample questions and practice tests, as well as free GRE preparation materials, though we do not endorse any particular prep source and encourage you to do your own research.
The GRE Math Subject test is optional.
The following tuition, fees, and other expenses have been established at Boston University Questrom School of Business for the 2024-2025 academic year. These numbers are expected to be updated to reflect the 2025-2026 academic year in late March of 2025.
Our team is here to help you finance your education. From scholarships and loans to benefits and eligibility, we can help you explore your financing options and find the plan that works for you.
MS in Mathematical Finance & Financial Technology Tuition | Cost |
---|---|
Tuition* | $66,670 |
Fees** | $3,189 |
Books and Supplies (Estimated) | $1,574 |
Housing and Food (Estimated) | $15,450 |
Personal (Estimated) | $3,292 |
Transportation (Estimated) | $1,120 |
Health Insurance*** | $3,401 |
Loan Originated Fee (Estimated) | $208 |
Total Educational Expenses (Estimated) | $94,904 |
Our MSMFT Admissions Ambassadors are around to chat via email, on the phone, or even virtually through Zoom to answer your questions about what being an MSMFT student at the Questrom School of Business is really like.
If you would like to speak with an MSMFT Admissions Ambassador, please complete our Ambassador Contact Request Form so we can ensure we connect you to the appropriate person.
MS in Mathematical Finance and Financial Technology
MS in Mathematical Finance and Financial Technology
MS in Mathematical Finance and Financial Technology
MS in Mathematical Finance and Financial Technology
What type of applicant does BU look for?
The admission committee looks for a few primary factors when they review an application:
Learn more about our strategies and initiatives.
We are committed to enrolling qualitatively excellent incoming classes representing global, ethnic, and demographic diversity. Our policy encourages prospective students to consider our management programs regardless of race, color, religious creed, gender, national or ethnic origin, sexual orientation, age, disability, eligible veteran status, or any other category protected by law.
How do I begin an application?
We ask all interested applicants to fill out our online application and follow our admission procedures.
Where do I send my official application components (i.e official transcripts)?
You should first upload your documents with your application or email them to questromappdocs@bu.edu. If you are admitted, you will be required to submit official documents. Official documents can be mailed to:
Boston University Questrom School of Business Graduate Admissions and Financial Aid Office 595 Commonwealth Avenue Boston, Massachusetts 02215
How long will I have to wait for my admission decision?
If your application is submitted in its entirety by the required deadline, we aim to release the decision within 6-8 weeks. This precludes our doctoral programs.
What tests are required for admission?
Applicants to the MS in Mathematical Finance& Financial Technology program may either submit a GMAT score or a GRE score. We accept students with a range of scores. Having a score that exceeds the average does not guarantee admission, nor does a score below the average necessarily mean that you will not be accepted. To see the averages of our current classes, please visit the class profile pages.
Are official documents, such as transcripts and GMAT or GRE scores, required?
To expedite the admissions process, please upload unofficial documents when submitting your application. Candidates who enroll in the program are required to submit official copies of all documents.
Do I need a TOEFL/IELTS/PTE score?
Candidates who have earned or will have completed at least three years of a Bachelor’s or Master’s degree at an institution in which the language of instruction was solely based in English are eligible for an automatic TOEFL/IELTS/PTE waiver. Candidates must present evidence of language of instruction with the application for admission (through their transcript/accompanying documents or a link to the institution’s website). Additionally, candidates who have or will have worked for at least two years in a full-time, post-bachelor’s degree position in the US are eligible for an automatic waiver.
If you do not meet these criteria but would like to be considered for a waiver, you can submit a written request highlighting your experience with and proficiency in the English language to msmft@bu.edu before submitting your application. The admissions committee will consider these requests on a case-by-case basis.
If you submit test results with your application, please be advised that tests are valid for 2 years.
We are currently accepting Duolingo scores in addition to TOEFL and IELTS. To access the Duolingo test, go to https://englishtest.duolingo.com/applicants. Select Boston University Graduate & Professional Programs as a score recipient, and email questromappdocs@bu.edu with your name and the date you have taken the Duolingo test. –
If you are submitting test results with your application, please be advised that tests are valid for 2 years.
To access the Duolingo test, go to https://englishtest.duolingo.com/applicants. Select Boston University Graduate & Professional Programs as a score recipient, and email questromappdocs@bu.edu with your name and the date you have taken the Duolingo test.
What is the minimum TOEFL/IELTS/PTE scores you accept?
TOEFL: Minimum scores of 600 on the PBT or 90 on the IBT are recommended. BU’s TOEFL code is 3087, and the department code is 02.
IELTS: A student’s overall score must be a minimum of 6.5. PTE: As more candidates submit the PTE, we are developing updated standards for our requirements. As new information becomes available, it will be posted here.
Duolingo: A minimum score of 120 is recommended.
PTE: As more candidates submit the PTE, we are developing updated standards for our requirements. As new information becomes available, it will be posted here.
Do I need to interview?
No, formal interviews are not required for the MS in Mathematical Finance & Financial Technology Program. Instead, applicants are required to complete the three video essay questions as part of their applications. Please use the hyperlink found in the “Documents” section of the “Program Materials” portion of the application to complete the video essay process.
Do I need a four-year degree?
We require that applicants hold a four-year Bachelor’s degree from an accredited US institution or its international equivalent. If you have earned a three-year degree that is the equivalent of a four-year degree in the US, it will be accepted in the admissions process.
Diplomas, the Higher National Diploma (H.N.D.), certificates, memberships or associate memberships in some professional organizations, and some bachelor’s and technical degrees are not considered equivalent to a U.S. bachelor’s degree for the purpose of gaining admission to the Graduate School.
For example, if you earned a three-year degree in India, your degree will qualify you to be considered for admission. Regardless of program length, if you are uncertain whether your undergraduate degree meets our qualifications, please contact mba@bu.edu before starting the application process.
Do I need to complete all essays?
All candidates to our MSMFT program need to respond to three video essay questions as part of their applications. Please use the hyperlink found in the “Documents” section of the “Program Materials” portion of the application to complete the video essay process.
Is this program STEM designated?
The MS in Mathematical Finance & Financial Technology program at the Questrom School of Business is currently designated by US Department of Homeland Security (DHS) as a STEM-eligible degree program. International students in F-1 student status may be able to apply for a 24-month extension of their 12-month Optional Practical Training (OPT) employment authorization. More information about STEM OPT eligibility is available from the BU International Students and Scholars Office (ISSO).
If my undergraduate degree is not in mathematics, can I apply to the program? Yes, if you have successfully completed the prerequisite courses and are able to satisfy the University’s other requirements for admission.
Can this program be completed part-time? No, students may only enroll in the program on a full-time basis.
Does the specialized training provided in the Mathematical Finance & Financial Technology program limit the career options of its graduates? While the program covers the main aspects of mathematical finance and aims to prepare students for careers primarily in the financial services industry, it also provides training in the general areas of optimization, computing and statistics. Graduates of the MF program enter into a number of fields upon graduation. Some of these career paths include:
Is work experience required in order to apply to the Master’s program? No, the program was designed to meet the educational needs of both recent college graduates and practitioners. In fact, those individuals who have earned academic degrees quite recently are well-positioned to succeed in this highly-rigorous, quantitative program.
How do I apply for Scholarships & Financial Aid? Admitted candidates to the MS in Mathematical Finance & Financial Technology are considered for merit-based scholarships. You do not need to submit any additional information to be eligible for a merit-based award. Notification about scholarship is included in the acceptance packet. The Federal Direct Stafford Loan is available to U.S. citizens and U.S. permanent residents. Learn more about our financial aid offerings.
Do you offer financial aid to international students? Yes, all applicants to the MS in Mathematical Finance& Financial Technology program are automatically considered for merit-based scholarships provided that their applications are submitted by the admission deadlines. A separate application is not required. In addition, international students can finance their graduate education with private education loans provided they apply with a creditworthy U.S. citizen or permanent resident with a U.S.-based address.
The Graduate Admissions and Financial Aid team is here to support you during the admission process. Please feel free to email us at msmft@bu.edu or to call us at (617) 353-2670.
Ready to apply? Follow the link to learn more about the application process. Once you’ve submitted your materials, we’ll start the review process. We’re happy to answer your questions along the way.
Rolling admissions will be on a space available basis after the 4/4/25 deadline