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:

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

Starting 2026-09-03 00:00:00
- Apply before 2026-02-01 00:00:00

Language

English

IELTS

6.5

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TOEFL^® IBT

92

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Credits

30 alternative credits

Delivered

On Campus

Campus Location

Hamilton, Canada

Disciplines

Financial Mathematics View 6 other Masters in Financial Mathematics in Canada

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Academic requirements

GPA

B+

GRE^®

Required

English requirements

IELTS

6.5

Free IELTS Mock Tests!

TOEFL^® IBT

92

Schedule TOEFL®

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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

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at McMaster University and/or in Canada, please visit Student Insurance Portal.

Tuition Fee

To always see correct tuition fees

International

30030 CAD/year

Tuition Fee

Based on the tuition of 15015 CAD per semester during 12 months.
National

15658 CAD/year

Tuition Fee

Based on the tuition of 7829 CAD per semester during 12 months.

Living costs for Hamilton

1163 - 1630 CAD /month

Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Financial Mathematics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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