Master of Financial Mathematics

Master of Financial Mathematics

University of Minnesota, Twin Cities

Minneapolis, Minnesota, USA
Master of Financial Mathematics
Duration2 Years
LevelMasters Program
  • The Master of Financial Mathematics prepares students to enter the field of quantitative finance, which merges the disciplines of finance, mathematics, statistics, economics and computer/data science
  • MFM students develop a foundation in mathematical and statistical modeling, data science and risk analysis within the specific domain of quantitative finance
  • The Master of Financial Mathematics (MFM) program is structured with a balance between theory and practice
Fees componentsAmount
Tuition & fees1473003 INR
Hostel & Meals758620 INR
Insurance186323 INR
Transportation73240 INR
Student Services Fees41600 INR
Books & Supplies73240 INR
Personal expense146480 INR
Total1279503 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
Bachelors3.0 GPA
  • A bachelor's degree from an accredited US university or foreign equivalent. The minimum undergraduate GPA for admittance to the program is 3.00
  • All applicants should have completed college-level courses in single variable and multivariable calculus and linear algebra.
  • Background in Probability and familiarity with programming language are highly recommended.
ExamsTOEFL: 79
  • With minimum 21 in the writing section and a minimum 19 in the reading section

IELTS: 6.5
  • With a minimum 6.5 in Writing and reading

PTE: 59
  • With a minimum of 59 in Writing and reading

GRE: Accepted
  • Either a GRE General or a GRE Math Subject test score (no more than two years old) is required
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