Master of Financial Mathematics
- Public University
Faculty of Science
Talk to ExpertMaster of Financial Mathematics at McMaster University Overview
McMaster University has been pioneering Master of Financial Mathematics at PG level. The program has a duration of 12 months. This particular course is directed towards individuals who seek a higher level of the educational cycle. The program is considered one of the best in the country, which is responsible for the program's excellent quality and honoring. For the course, applicants must satisfy evaluation based on eligibility criteria among which entrance scores obtained in tests such as IELTS, TOEFL, PTE and Duolingo are imperative for attaining admission. The McMaster University tuition fee for the first year to pursue this course is CAD 45,045 (INR 3,104,051). Added should be living expenditures, rent, hostel fees, boards, books and supplies, utilities, or any other expense for the course. This complete budgeting plan ensures that the students go through their college life hassle-free.
Duration | 12 months |
Tuition & Fees | ₹30.68 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
Students are required to pay the first-year tuition fee as per the McMaster University Master of Financial Mathematics fee structure. In addition to tuition costs students should budget for
- housing
- food
- other utilities
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 30,68,350 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 7,78,582 |
| Insurance | INR 43,323 |
Calculated at the exchange rate of 1 CAD = INR 68.11744 | 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
- Read less
- 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
Calculate your score and check your eligibility at over 2000+ universities.
Out of 10
- Marks - 92/120
-
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Calculate your score and check your eligibility at over 2000+ universities.
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 |
|---|---|
| #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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Master of Financial Mathematics at McMaster University Contact Information
1280 Main Street West, Hamilton, Ontario L8S4L8
Hamilton ( Ontario)