Studyportals

Financial Mathematics

McMaster University

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

About

We offer a master degree in Financial Mathematics at McMaster University. Financial mathematics applies methods of mathematics, statistics, computational science and economics to core problems arising in financial institutions. Its scope ranges from traditional problems such as securities valuation and portfolio optimization to current issues such as risk management and high frequency trading.

Overview

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

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

Areas of Research

  • Financial Mathematics by coursework 

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

Language

English
IELTS or TOEFL needed

Credits

30 alternative credits

Delivered

On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
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.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

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 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated 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 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

General requirements

  • Honours Bachelor’s Degree or equivalent
  • 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
  • Transcripts must be sent directly from the issuing institution to the program office
  • Two academic references
  • English Language Proficiency

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.

Our partners

Financial Mathematics
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McMaster University

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