

Master of Science in Mathematical Finance (MSMF)
- Private University
School of Management
Master of Science in Mathematical Finance (MSMF) at Boston University Overview
Master of Science in Mathematical Finance (MSMF) at Boston University is a popular program among Indian students. For admission to this course, which has 17 months, an Indian student needs to be eligible and submit documents. The documents to be submitted are academic qualifications, standardised text and language test score, resume and others. English language tests accepted by the university such as IELTS, TOEFL, PTE, GMAT and GRE. The first-year tuition fee for this course at the time of admission is USD 56,854. Also, there is regular spending on food, travel, staying, books, supplies and others.
Duration | 17 months |
Tuition & Fees | ₹52.93 Lakh Get Fees details |
International Students Admission Website | Go to Website |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Science in Mathematical Finance (MSMF) at Boston University Fees
The fee structure for the Master of Science in Mathematical Finance (MSMF) at the Boston University covers the first-year tuition fees along with other additional charges, including the Books and supplies charges; facilities cost and many more offered by the Boston University. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses. The total tuition fees for the first year of Master of Science in Mathematical Finance (MSMF) is USD 56,854.
Find more details about Boston University Master of Science in Mathematical Finance (MSMF) on the fee breakup, from the table mentioned below.
| Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 52,93,406 |
| Fees components | Amount (for 1 year) |
|---|---|
| Insurance | INR 2,59,671 |
| Transportation | INR 1,04,278 |
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Master of Science in Mathematical Finance (MSMF) at Boston University Entry Requirements
- No specific cutoff mentioned
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- Students must have a four year bachelors degree from an accredited US institution or its international equivalent
- Students with a three year degree will also be accepted in the application process
- Prerequisites required are Calculus, Linear Algebra, Differential Equations, Probability Theory, Statistics and Computer Programming

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- Minimum score of 90 is recommended
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- Minimum score of 6.5 across each band
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Master of Science in Mathematical Finance (MSMF) at Boston University Frequently Asked Questions
There is a specified time for which international students should accept the Boston University offer by paying an enrollment fee.
If an Indian applicant has received an offer for the UG level at Boston University, they should be able to accept it by May 1, 2026, for Regular Decision.
For Early Decision admissions, the offer acceptance deadlines are generally in December and February.
There are over 17,000 undergraduates at Boston University from over 100 across the world. The average size at the university is 30 and Student/Faculty Ratio is 11:1.
Mentioned below are the admission stats for the fall class of 2029 at the university:
Particulars | Class 2029 |
|---|---|
Application Received | 76,779 |
Total Students Enrolled | 3,461 |
Acceptance Rate | 12.83% |
The Department of CS at Boston is widely regarded as among top Computer Science programs in the US. Boston is a booming hub for startups and technology, hence, studying at BU allows a way for students to get exciting internship or build career with tech companies like Cisco, Amazon Robotics, Trip Advisor, Google, Hubspot, Microsoft, etc.
A few of the reasons to choose BU are:
- Rigorous academics: BU offers more than 300+ academics and great academic flexibility
- Global Recognition: Boston has joined Association of American Universities (AAU), a prestigious association of top research universities in the U.S. and Canada. Additionally, it ranks at #41 position among the national universities in the U.S. News & World Report category
- International Powerhouse: Research is the cornerstone of Boston University. Times Higher Education has named this university as an international powerhouse due to its commitment to research. The total research awards in FY 24 at BU was USD 579.5M
- Perfect class size: BU has small-to-faculty ratio of 10:1. The average class size of the university is 30 and with this small class size, students are going to engage more professors
In the 2026 National Universities rankings of U.S. News, Boston University ranking is #42. In the QS Global University rankings, BU ranks at #88 in 2026. In Times Higher Education rankings, this university ranks at #76 in 2026. In the U.S. News Global rankings 2025, BU ranks at #86. Considering the world rankings, BU ranks among the Top 100 Universities in the world.
Master of Science in Mathematical Finance (MSMF) at Boston University Application Process
- Academic transcripts of previous studies
- GMAT Results or GRE Results
- English language proficiency result
- Prerequisite Form- prerequisite course information in the “Questions” section of the “Program Materials” portion of the application.
- University allows students to pay their tuition fee in installments in each semester
- Fall – Monthly Payment Plan for Fall expenses only (June – September)
- Spring – 5 month Payment Plan for spring expenses only (October – February)
- All available plans and applicable payment options, fees, and disclosures will be presented to students during enrollment. An enrollment fee and other fees may apply
Master of Science in Mathematical Finance (MSMF) at Boston University Rankings
| Rank | Rank Publisher |
|---|---|
| #62 | |
| #77 | |
| #19 |
Master of Science in Mathematical Finance (MSMF) at Boston University Placements
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes, Students will have an opportunity to complete a two-month summer internship which adds real-world experience to their resume and helps them expand their network |
Master of Science in Mathematical Finance (MSMF) at Boston University Students also asked
Boston University is one of the most prestigious universities in the world and is a very competitive university to get into. Boston University acceptance rate is 11%. Since the stats are on the lower end, we can conclude that securing admission in Boston is not easy. Students must not feel discouraged and fulfil all Boston University's admission requirements; competitive grades, standardized test scores, English language requirements & relevant documents in order to get into the university.
To get an I-20 form from Boston University, Indian students have to show the financial support for the entire academic year.
This proof is generally needed for I-20 purposes only but it is mostly asked for in the F1 visa at the US Consulate. Hence, Indian students should be ready to show the proof of sufficient funds via bank statements, letters or loans.
In the National Universities ranking 2026, Boston University ranking is #42. Furthermore, it is one of the only three universities in Boston and Cambridge named to the prestigious Association of American Universities. Also, BU is ranked #7 among the universities hosting the most international students in the US by Open Doors. As of 2023, there are 37,000+ students (total) at Boston University.
The requirements for Standardized tests like SAT, ACT, GMAT, or the GRE vary depending on the nature of Boston University courses. For UG admissions, Boston University traditionally required SAT or ACT exams, but due to evolving admission policies and the COVID-19 pandemic impact, the university has started offering test-flexibility and some relief.
Students can choose to submit SAT or ACT scores as a good score can significantly boost one's chances to be a part of Boston University admisssions. The students are recommended to take the SAT or ACT, as the Boston University acceptance rate is only 12.8% which shows selective admissions.
GMAT is not required for all graduate courses at Boston; however for programs like MBA from Boston University's Questrom School of Business require a GMAT score as part of the application.
BU ranks at #42 in the US for the year 2026 per US News. In the global rankings, Boston University ranking is #88 in the QS rankings. In Times Higher Rankings for 2026, Boston ranks at #76 in 2026. Looking at these rankings, it can be said that Boston ranks among the Top 100 Universities.
Boston UniversityStudents Ratings & Reviews
- 32% students never faced discrimination in this university
Master of Science in Mathematical Finance (MSMF) at Boston University Highlights
- Designed for the students interested in having a career as a trader, quantitative analyst or developer, or another finance-focused role
- The program focuses on the crux of mathematical concepts that led to the development of the Black-Scholes option pricing method, covering some of the most complex relations between various components of the modern financial system
- A distinguishing characteristic of the MSMF is that it is the careful integration of certain practical domains of mathematics with an in-depth study of the theory and practice of modern finance
- The program comprises the following areas of concentration:
Financial Technology
Quantitative Analytics
Risk Management
Analytics & Research - It provides the students with the option of completing a summer internship at a leading company in Boston and beyond, where they gain valuable skills and become more marketable to employers
Master of Science in Mathematical Finance (MSMF) at Boston University Scholarships
Class Profile
| Average class profile for this course | |
|---|---|
| Bachelors GPA / Percentage | 3.62 |
| GMAT Score Average | 720 |
| Student Age | 22 years |
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