Chicago is a vibrant, global hub for the financial community. It is home to prominent financial exchanges as well as some of the nation’s major banks, hedge funds, investment firms, and insurance companies. Research and internship experiences, as well as future employment opportunities, are enriched by the resources available in Chicago.
The program at the Illinois Institute of Technology strikes a balance of theoretical knowledge and practical application. Learn from applied math and business professors, as well as financial practitioners with insight into fixed income modeling and practice, computational methods, and trading strategies.
Master of Mathematical Finance alumni are employed by CME Group, Citigroup, Discover Financial Services, Envestnet, Goldman Sachs, Intercontinental Exchange, JPMorgan Chase & Co., Morgan Stanley, OCC, PrivateMetrics Group, and Quantitative Risk Management, Inc. (QRM).
- Quantitative trader
- Quantitative analyst
- Quantitative modeler
- Quantitative software developer
The Master of Mathematical Finance program is nationally ranked at #25 by Quantnet and at #23 by The Financial Engineer.
- Futures, Options and OTC Derivatives
- Computational Finance
- C++ with Financial Applications
- Stochastic Processes
- Mathematical Finance
- Monte Carlo Methods in Finance
- Theory and Practice of Fixed Income Modeling
- 12 months
Start dates & application deadlines
- Apply before , International
- Apply before , International
DisciplinesMathematics Finance View 713 other Masters in Finance in United States
- Admission requires a bachelor’s degree in a quantitative discipline such as mathematics, quantitative finance, engineering, or statistics with a minimum cumulative GPA of 3.0/4.0.
- Applicants must have a background in undergraduate-level probability theory, multivariate calculus, and linear algebra. Background in ordinary differential equations will enhance the chance of admission to the program.
- If required, TOEFL scores should be a minimum of 90/250 (internet-based/computer-based test score), or the IELTS score should be a minimum of 6.5.
- A two-page professional statement of goals and objectives, and a curriculum vitae, must be submitted.
- Two letters of recommendation are required, and at least one must be from academia.
- An interview may also be required.
- Typically, admitted students score at least 156 on the quantitative portion of the GRE and at least 3.0 on the analytical writing portion.
International48420 USD/yearTuition FeeBased on the tuition of 1614 USD per credit during 12 months.
National48420 USD/yearTuition FeeBased on the tuition of 1614 USD per credit during 12 months.
Living costs for Chicago
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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.
Apply and win up to €10000 to cover your tuition fees.
Updated in the last 9 months
Check the official programme website for potential updates.