Master of Financial Mathematics

Master of Financial Mathematics

McMaster University

Hamilton, Ontario, Canada
Master of Financial Mathematics
Duration12 Months
LevelMasters Program
  • The Master of Financial Mathematics (also called M-Phimac) is an intensive one-year graduate program
  • Eight months of coursework taught by recognized experts emphasize the development of both strong technical foundations and professional knowledge, with the goal to understand the applications of advanced mathematics to finance and investments
  • Financial mathematics applies methods of mathematics, statistics, computational science and economics to core problems arising in financial institutions
Fees componentsAmount
Tuition & fees2600898 INR
Hostel & Meals659968 INR
Insurance36723 INR
Transportation15186 INR
Athletics & Recreation Sports2252 INR
Student Athletics & Recreation5485 INR
Student Wellness Centre6236 INR
GSA Fee13627 INR
Books and Supplies70154 INR
Entertainment cost57740 INR
Personal Expenses57740 INR
Total925111 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
BachelorsNo specific cutoff mentioned
  • Admission requires an Honours Bachelor degree in a quantitative subject, such as mathematics, statistics, physics, computer science, or engineering
  • For graduates of mathematics or statistics, a minimum B+ average across their level 3 and 4 undergraduate mathematics and statistics courses, or the equivalent standard from another university. Mathematics graduates are expected to have taken real analysis at level 3 or higher. For other graduates, comparable results in level 2,3 and 4 quantitative courses plus complementary achievement in their chosen specialization. For instance, engineering candidates are expected to have studied PDEs and/or a course with notable theoretical mathematics. Physicists are expected to have taken courses where they have studied stochastic processes. All applicants must meet the Level 4 requirements of the School of Graduate Studies
  • Evidence of communication and interpersonal skills, and the ability to work effectively in the North American business culture
  • Other evidence of leadership, analytical expertise, industry experience, or other marketable job skills
  • Competence in a general computer programming language such as C++ or python as well as experience with scientific packages such as Matlab, maple, R or Mathematica. Any additional programming competence will be beneficial in the program
ExamsTOEFL: 92

IELTS: 6.5
  • With a minimum of 5.5 in each section

PTE: 63

Additional info
  • Successful applicants generally have a first-class degree, or 85% average, and reference letters presenting evidence of a strong academic background
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