Studyportals
M.Sc. On Campus

Financial Mathematics

METU Middle East Technical University

24 months
Duration
612 USD/year
34 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Master of Science in Financial Mathematics at METU Middle East Technical University at IAM combines the strengths of the Departments of Mathematics, Business Administration, Economics, Statistics, Physics and Industrial Engineering of Middle East Technical University, and it closely collaborates with Centers of Excellence worldwide.

Overview

One of the fields connected to the Master of Science in Financial Mathematics at METU Middle East Technical University is Actuarial Sciences and its academic program at IAM. By analyzing uncertainty of real-life events, actuaries create and apply mathematical tools which aim at detecting, modeling and overcoming of risks.

The objectives of the Financial Mathematics program at IAM are:

  • To provide students with the knowledge and skills which are necessary for comprehending and applying established and emerging techniques of Financial Mathematics and related fields in modern markets
  • To cultivate the students’ ability in creating new, innovative techniques
  • To analyze, advise and manage financial markets in Turkey and in the world
  • To conduct research on risk modeling and management, modelling of stochastic processes, pricing and hedging, portfolio optimization and stochastic control, and on the development of new financial decision-making tools
  • To present and discuss new scientific results and methods at international conferences, in premium journals and books, to initiate future research cooperation, and to contribute to a solution of urgent financial challenges.

Programme Structure

Courses include:

  • Probability Theory
  • Financial Derivatives 
  • Stochastic Calculus for Finance 
  • Financial Economics 
  • Research Methods and Ethics 

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
TOEFL admission requirements TOEFL® IBT
79

Credits

120 ECTS

Delivered

On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

TOEFL admission requirements TOEFL® IBT
79

Other requirements

General requirements

  • METU-EPE≥64.5 or TOEFL≥79 (see Equivalence Table for Recognised Exams)
  • ALES-quant.≥70
  • or GRE-quant.≥155 (GRE-quant.≥696)
  • At least two (2) reference letters
  • Letter of intention (included in the online form)

Tuition Fee

To alway see correct tuition fees
  • International

    612 USD/year
    Tuition Fee
    Based on the tuition of 306 USD per semester during 24 months.
  • National

    34 USD/year
    Tuition Fee
    Based on the tuition of 17 USD per semester during 24 months.
  • Resident: 140 TL/semester
  • Non-Resident: 2500 TL/Semester

Living costs for Ankara

1600 - 2350 TRY /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.

Our partners

Financial Mathematics
-
METU Middle East Technical University

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