Mathematical Finance

University of Miami

18 months
2100 USD/credit
2100 USD/credit
Tuition fee
Apply date
Start date


Over the course of three semesters of study, the students in the Mathematical Finance program at University of Miami receive a rigorous training in mathematics, especially in the area of probability and stochastic calculus, in statistical analysis, and in computation, together with an overview of the institutional operation of financial markets and exchanges.


Courses in the Mathematical Finance program at University of Miami cover a broad array of topics that prepare students to enter the worlds of finance, risk management, and financial computing.


The Master of Science in Mathematical Finance program is dedicated to producing technically trained professionals with an understanding of how to analyze and value complex investments, and assess the associated risks. 

The financial landscape is constantly changing, and we design the MSMF curriculum to equip students with skills and knowledge that will provide the foundation for their future success. Our program seeks the proper balance between the mathematical and statistical theory, programming practice and financial applications.

Programme Structure

Courses include:

  • Statistical Analysis
  • Statistical Analysis with Financial Applications
  • Optimization Methods
  • Introduction to Mathematical Finance
  • Stochastic Calculus with Applications to Finance
  • Computational Methods of Finance
  • Financial Investments
  • Advanced Topics in Investments
  • Introduction to Parallel Computing
  • Introduction to Artificial Intelligence
  • Machine Learning
  • Neural Networks

Key information


  • Full-time
    • 18 months

Start dates & application deadlines




34 alternative credits


On Campus

Academic requirements

GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

English requirements

TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).

Other requirements

General requirements

  • Complete an online application.
  • Pay application fee as part of your online application (currently $85)
  • Provide official GRE scores. Note that the GRE scores can be at most 5 year old. 
  • Provide official TOEFL score, if your native language is not English 
  • Provide 2 letters of reference. 
  • Provide a resume with exact dates of employment (note: work experience is NOT required for MSMF)
  • Provide official transcripts from all undergraduate institutions attended.
  • Provide a purpose statement: In 300 words or less, describe your area of interest and what your goals are upon completion of the MSMF program.

Tuition Fee

  • International

    2100 USD/credit
    Tuition Fee
    Based on the original amount of 2100 USD per credit and a duration of 18 months.
  • National

    2100 USD/credit
    Tuition Fee
    Based on the original amount of 2100 USD per credit and a duration of 18 months.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Mathematical Finance
University of Miami