Overview

The Mathematics - Quantitative Finance and Risk Management at University of Michigan is a specialised master degree designed to bridge the gap between theoretical mathematics and practical financial applications. This rigorous curriculum ensures that students master the complex analytical tools required for modern risk management and quantitative finance roles.

Students engage with sophisticated mathematical models to understand market behaviours and develop strategies for mitigating financial risk. The programme emphasises the application of stochastic processes, statistics, and computational methods to solve real-world problems in investment banking, insurance, and asset management.

Why Mathematics - Quantitative Finance and Risk Management at University of Michigan?

University of Michigan provides a world-class environment for quantitative study, leveraging its reputation for excellence in both mathematics and financial research. The programme is distinguished by its interdisciplinary approach, drawing on expertise from various departments to offer a comprehensive view of the financial landscape.

The institution offers access to cutting-edge resources and a vast professional network, facilitating connections with industry leaders. Students benefit from a curriculum that is constantly updated to reflect the evolving nature of global markets and the increasing demand for data-driven financial decision-making.

Tuition Fee Breakdown

International fee: USD 60634 per year
National fee: USD 60634 per year
Local fee: USD 30314 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum focuses on the mathematical foundations and computational techniques essential for the finance industry. Modules may include:

Stochastic Processes
Financial Mathematics
Risk Management
Computational Finance
Statistical Analysis
Quantitative Strategies
Derivative Instruments
Portfolio Theory

Careers with Mathematics - Quantitative Finance and Risk Management

Graduates are highly sought after by global financial institutions, including investment banks, hedge funds, and regulatory agencies. The analytical skills developed during the programme prepare students for specialised roles such as quantitative analysts, risk managers, and financial engineers.

Beyond traditional banking, alumni find success in insurance companies, consultancy firms, and technology companies focusing on fintech. The programme's strong emphasis on rigorous mathematical modelling and risk assessment provides a versatile foundation for navigating various high-stakes environments in the international financial sector.

The University of Michigan maintains strong ties with the financial industry, often leading to opportunities in major financial hubs. Graduates are equipped to handle the complexities of modern trading, asset pricing, and strategic financial planning, ensuring they remain competitive in a rapidly changing economic climate.

Programme Structure

Courses include:

Advanced Financial Mathematics

Discrete State Stochastic Processes

Stochastic Analysis for Finance

Numerical Methods with Financial Applications

Computational Finance

Applied Statistics

Key information

Duration

Full-time
- 24 months

Start dates & application deadlines

Starting 2027-08-31 00:00:00
- Apply before 2027-02-01 00:00:00

Language

English

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IELTS

6.5

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Credits

36 SCH

Delivered

On Campus

Campus Location

Ann Arbor, United States

Disciplines

Mathematics Risk Management Financial Management View 99 other Masters in Risk Management in United States

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

TOEFL^® IBT

Schedule TOEFL®

IELTS

6.5

Prepare for Your English Test

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Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

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98 accuracy using real exam data
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Other requirements

General requirements

Mandatory And Advisory Prerequisites

Transcripts And Wes Evaluation

Gmat Or Gre Scores

Current Resume

Essays

Recommendations

Interview

Nonrefundable Application Fee

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

60634 USD / year

≈ 60634 USD / year
Out-of-State

60634 USD / year

≈ 60634 USD / year
Domestic

Applies to you

In-State

30314 USD / year

≈ 30314 USD / year

Living costs

Ann Arbor

United States

1025 - 1870 USD / month

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

Financing

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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.

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Scholarships Information

Below you will find Master's scholarship opportunities for Mathematics - Quantitative Finance and Risk Management.

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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About

Overview

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Living costs

Ann Arbor

Financing

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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