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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
- Starting
- Apply before
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Language
English
IELTS 6.5
TOEFL® IBT 92
Credits
30 alternative credits
Delivered
On Campus
Disciplines
Mathematics Finance Financial Mathematics View 62 other Masters in Mathematics in CanadaAcademic requirements
GRE® Required
English requirements
IELTS 6.5
TOEFL® IBT 92
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
To alway see correct tuition fees
-
International
30030 CAD/yearTuition FeeBased on the tuition of 15015 CAD per semester during 12 months. -
National
15658 CAD/yearTuition FeeBased 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
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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