Master of Financial Mathematics
- Public University
Faculty of Science
Talk to ExpertMaster of Financial Mathematics at McMaster University Overview
McMaster University is one of the finest universities in Canada. McMaster University provides Master of Financial Mathematics at PG level. The duration of this course is 12 months. This course attracts students from all over the world. To enrol in this course, international students must fulfil all the admission requirements. The admission requirement at the McMaster University include standardized tests like IELTS, TOEFL and PTE. The first year tuition fees McMaster University for Master of Financial Mathematics is CAD 45,045. Moreover, the students must be ready for other expenses such as rent, hostel fees, food, books, supplies, utilities, etc. The average cost of living at McMaster University is CAD 11,430.
Duration | 12 months |
Tuition & Fees | ₹28.35 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Financial Mathematics at McMaster University Fees
The first-year tuition fee for the Master of Financial Mathematics at the McMaster University is CAD 45,045. Moreover, the fee structure for the Master of Financial Mathematics comprises the first-year tuition fees, supplement charges, facility requirements, and other additional charges offered by the McMaster University.
Apart from the tuition cost and university charges, students should also keep in mind the extra expenses to stay at the university or any nearby accommodation. They are required to manage the finances for various factors like rent, food, transportation, utility, and other personal expenses, which can vary as per the individual, however, the average cost of living is CAD 11,430.
Check the detailed information on the McMaster University Master of Financial Mathematics on the fee breakup, from the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 28,34,682 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 7,19,290 |
| Insurance | INR 40,023 |
Calculated at the exchange rate of 1 CAD = INR 62.93 | Tuition & expenses were last updated on 23ʳᵈ December 2024Download exam sample paper
Master of Financial Mathematics at McMaster University Entry Requirements
- No specific cutoff mentioned
- No specific cutoff mentioned
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- Admission requires an Honours Bachelor degree in a quantitative subject, such as mathematics, statistics, physics, computer science, or engineering
- For graduates of mathematics or statistics, a minimum B+ average across their level 3 and 4 undergraduate mathematics and statistics courses, or the equivalent standard from another university. Mathematics graduates are expected to have taken real analysis at level 3 or higher. For other graduates, comparable results in level 2,3 and 4 quantitative courses plus complementary achievement in their chosen specialization. For instance, engineering candidates are expected to have studied PDEs and/or a course with notable theoretical mathematics. Physicists are expected to have taken courses where they have studied stochastic processes. All applicants must meet the Level 4 requirements of the School of Graduate Studies
- Evidence of communication and interpersonal skills, and the ability to work effectively in the North American business culture
- Other evidence of leadership, analytical expertise, industry experience, or other marketable job skills
- Competence in a general computer programming language such as C++ or python as well as experience with scientific packages such as Matlab, maple, R or Mathematica. Any additional programming competence will be beneficial in the program
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Out of 10
- Marks - 92/120
-
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Out of 10
- Marks - 63/90
- NA
- Marks - 6.5/9
- With a minimum of 5.5 in each section
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
- No specific cutoff mentioned
Master of Financial Mathematics at McMaster University Application Process
- Two Letters of Recommendation: Two confidential letters of recommendation from instructors most familiar with applicants academic work
- Academic transcript(s)
- Statement of Interest: a one-page summary describing how your background and goals make you an excellent candidate for success in MPhimac, and in a future career in financial mathematics
- Official TOEFL or IELTS scores
- Payment plans are available
Master of Financial Mathematics at McMaster University Rankings
| Rank | Rank Publisher |
|---|---|
| #201 | |
| #251 |
Master of Financial Mathematics at McMaster University Placements
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes, The program ends with a 4-month industry-focused project from May to August, allowing students to gain real-world experience and develop valuable contacts |
Top Recruiters for McMaster UniversityMaster of Financial Mathematics at McMaster University Highlights
- The Master of Financial Mathematics (also called M-Phimac) is an intensive one-year graduate program
- 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
- Financial mathematics applies methods of mathematics, statistics, computational science and economics to core problems arising in financial institutions
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