Studyportals

Financial Mathematics

McMaster University

Master On Campus
12 months
Duration
30030 CAD/year
15658 CAD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Financial Mathematics program from McMaster University applies methods of mathematics, statistics, computational science and economics to core problems arising in financial institutions.

Overview

Its scope ranges from traditional problems such as securities valuation and portfolio optimization to current issues such as risk management and high frequency trading.

The Master of Financial Mathematics (also called M-Phimac) at McMaster University is an intensive one year graduate program.

Key Features 

  • 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. 
  • The major industrial project completed in the third term will explore a topic of current interest with guidance from a finance industry professional and can be completed while working full time or as an intern.

Programme Structure

Courses include: 

  • Foundations of Financial Mathematics 
  • Risk and Financial Markets 
  • Computational Finance 
  • Statistics of Financial Data 
  • Portfolio Theory and Optimization 
  • Credit Risk Modeling 

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

Language

English
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.
92
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).
6.5
Start practicing IELTS today!

Credits

30 alternative credits

Delivered

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.
Required

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.
92
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).
6.5
Start practicing IELTS today!

Other requirements

General requirements

  • Honours Bachelor’s Degree or equivalent
  • B+ (B- for Engineering) minimum average, based on a full year equivalent of final year courses (3rd/4th level) relevant to the program
  • Each program may set additional/higher requirements. Please review the program website for details.
  • Degrees and grades from foreign universities are evaluated for their equivalency to McMaster’s. Please contact the program for specific details.
  • Departments or programs may establish additional requirements, such as scores on the Graduate Record Examination (GRE)
  • Admission is competitive: meeting the minimum requirements does not guarantee admission
  • The admission decision is not subject to appeal
  • Applicants who do not meet the above mentioned requirements, should consult the Graduate Calendar to determine the requirements for exceptional cases

Tuition Fee

  • International

    30030 CAD/year
    Tuition Fee
    Based on the original amount of 15015 CAD per semester and a duration of 12 months.
  • National

    15658 CAD/year
    Tuition Fee
    Based on the original amount of 7829 CAD per semester and a duration of 12 months.

Funding

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.

Fresh content

Updated in the last 3 months

Check the official programme website for potential updates.

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Financial Mathematics
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