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Master of Science in Mathematical Finance (MSMF) 

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#53 in MS in USA

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Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Overview

Duration

17 months

Tuition & Fees

51.01 Lakh
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Course Level

PG Degree

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Fees

icon1st year tuition fees
Fees componentsAmount (for 1 year)
Tuition & feesINR 51,00,941
iconOther expenses in 1st Year
Fees componentsAmount (for 1 year)
InsuranceINR 2,50,229
TransportationINR 1,00,486
Info IconCalculated at the exchange rate of 1 USD = INR 89.72 | Tuition & expenses were last updated on 11ᵗʰ November 2025

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Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Entry Requirements

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Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
 
Frequently Asked Questions

Q:   Is it worth pursuing a Masters degree at Boston University?
A: 

Boston is worth for studying the MS programme because of its affordable tuition fee and ranking. The cost of studying MS at the university is around INR 26 L to INR 88 L for first-year. Some top-ranking MS specializations at the university are Computer Science, Artificial Intelligence, Chemistry, Health Informatics, etc.

Check the list of Top Universities for MS In the USA

Q:   Is Boston University ranked in top 100 universities?
A: 

Yes, BU ranks at #41 in the US for the year 2025 per US News. The same source also ranks it #73 globally. Furthermore, as per another world-ranking publisher, the BU ranking is #75 in 2025. It can be said that Boston University is a top 100 University in the U.S

Q:   Can students with a three-year bachelor's degree from India apply for graduate programs to Boston University?
A: 

Provided that the applicant meets all the other Boston University eligibility requirements, they are allowed to submit an application holding a three-year bachelor's degree from India. This degree should be accredited by India's National Assessment and Accreditation Council (NAAC) with a grade of 'A' or higher or by similarly recognised bodies. 

Look at the important pointers given below - 

  • While the three-year degrees are accepted, this university generally prefers applicants holding a four-year UG degree due to it being the standard educational benchmark in the US. 
  • To show the English language proficiency is another eligibility criteria that is a non-negotiable admission criteria at this university. 
Q:   Does the admission process seem to be very difficult at Boston University?
A: 

Boston Uni acceptance rate is around 12.8% applicants must have a good academic profile and submit necessary tests score by the admission deadline to get admission. Check steps of Boston Uni admission process for UG admission mentioned below take  a look - 

  • Go to the online application page and register
  • Complete your application by providing the required details
  • Pay the non refundable Boston University application fee
  • Submit official records
  • Receive your application decision
  • At last, pay George Mason University tuition fees for your program
Q:   What is the fees for MBA at Boston University?
A: 

The total cost to study Boston University MBA course is USD 96,404. Out of this, the tuition fee is around USD 68,870. Other details are given below: 

ParticularsExpenses
FeesUSD 1,352
BooksUSD 1,574
Housing & foodUSD 15,450
Health insurance USD 3,538
TransportationUSD 1,120
PersonalUSD 3,292
Loan origination feeUSD 208

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Application Process

Step one
Prepare documents for application
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LOR
  • Applicants need to submit two letters of recommendation
ESSAYS
  • One essay is required 
  • Upload in the “Documents” section of the “Program Materials” portion of the application
CV
  • Submit current resume 
  • Upload in the “Supporting Information” section of the online application

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Rankings

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Placements

ParticularsStatistics (2021)
Internship AvailableYes,

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
 
Students also asked

Q:   How many students are enrolled at Boston University?
A: 

The total number of students enrolled at Boston University is 37,557. Out of this, more than 17,000 were UG and 18,000+ were PG & Professional students. The international student population at the university in 2023 was 12,853. India is one of the top origin from where international students enrolled at this university. The average class size is 30 and the number of faculty is 4,300+ at Boston University. 

Q:   What is the application fee at Boston University?
A: 

Boston University application fee for UG students is USD 80. For PG courses, the application fee varies as per the courses. For full-time MBA course, the application fee is USD 125 (INR 10,000). To apply to graduate courses, the applicants can apply via the university portal. Whereas, to apply to the UG courses, the students can apply via the Common Application

Q:   How can international students get admission at Boston University?
A: 

Interntional students who wish to study at Boston USA must apply through 'Common Application' for UG admissions. They can apply for graduate admission through college application. First-year international applicants must submit the following credentials to complete the application:

  • Secondary School Records
  • Senior Year Grades
  • Counselor Recommendation and School Report Form
  • Teacher Evaluation
  • English Proficiency Testing Results
  • Documentation of Financial Support
  • Copy of Data Page of Passport
  • Standardized Tests (Optional)
Q:   What are the total expenses for international students enrolled at Boston University?
A: 

Below-given are the estimates for undergraduate international students enrolled at Boston University in the 2025/26 academic year. Boston University cost for international students are given below:

Particulars

Fees for 9 months

Tuition

USD 69,670

University fees

USD 1,496

Health insurance

USD 3,554

Room and board

USD 19,876

Books and supplies

USD 1,045

Incidentals

USD 4,855

Q:   What are the Quacquarelli Symonds course rankings at Boston University?
A: 

Boston ranks among the top 100 universities in the world according to the QS rankings. Rankings for some popular courses are given below:

CourseRank
Accounting and Finance70
Communication and Media Studies51
Global MBA35
Law and Legal Studies75
Masters in Business Analytics27
Medicine51

Boston University
Students Ratings & Reviews

3.8/5
Verified Icon37 Verified ReviewsInfo Icon
Student Views (Based on Reviews)
  • 32% students never faced discrimination in this university
Vibe of Campus
Friendly
Multi-dimensional
Academically oriented
Fun loving
Internships3.1
Part time work2.8
Post study jobs3.9
Quality of faculty4.5
Student Life4.5
Value for money3.2
Public transportation4.5
Safety4.6
Indian Food4.1
Permanent Immigration2.8
A
AnonymousVerified Icon
Master of Science in Enterprise Risk Management - Batch of 2026
3.7
Lovely and fulfilling experience.
Tips: The weather has been the biggest change for me here and there is a lot of stuff that you will have to buy locally rather than from back home such as jackets, shoes, adapters, Instant Pot and more. Sometimes you can get discounted stuff at garage sales or from seniors who are moving out and wish to get rid of their stuff such as kitchenware or furniture. Academically, the university is pretty good and offers many courses and chances to experiment.
Total Monthly ExpenseUSD 1925
Prepping time for classes31 hours/Week
Expected Annual SalaryUSD 103725
Reviewed on 30 Nov 2025Read more
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A
AnonymousVerified Icon
Master of Science in Software Development - Batch of 2024
3.8
Strong academics and a vast college.
Tips: My programme at Boston University is quite vigorous and heavy and some of the assignments have given me sleepless nights. Professors here really emphasise research and clarity and a lot of your projects will also require the same energy. Jobs are not really easy to get any longer because of all the changes and BU is an expensive school so consider all your options.
Total Monthly ExpenseUSD 1850
Prepping time for classes32 hours/Week
Expected Annual SalaryUSD
Reviewed on 30 Nov 2025Read more
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A
AnonymousVerified Icon
Master of Science in Software Development - Batch of 2025
3.6
Great university and helpful staffs.
Tips: The transition from life back home and here is quite prevalent. But I had an easy time adapting as the city is very student-friendly and welcoming, and the university takes measures to help you out with administrative stuff once you arrive. No part-time jobs off campus, and for on-campus opportunities, there are limited spots. Public transport is free, and my experience has been quite great so far.
Total Monthly ExpenseUSD 1750
Prepping time for classes29 hours/Week
Expected Annual SalaryUSD 97550
Reviewed on 23 Sep 2025Read more
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A
AnonymousVerified Icon
Master of Science in Applied Biostatistics - Batch of 2026
3.8
Student-friendly and diverse.
Tips: This is a lively city and I've never seen a campus as spread out as Boston University. The best aspects include the safety, easily accessible transportation and the fact that the whole town is student friendly. However the cost of rent and living is quite expensive. You'll need to compensate by budgeting carefully in other areas. Also tuition is very high so be sure you've considered this carefully before coming here.
Total Monthly ExpenseUSD 2350
Prepping time for classes30 hours/Week
Expected Annual SalaryUSD
Reviewed on 27 Aug 2025Read more
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I
Ishaani J Verified Icon
Master of Arts in Emerging Media Studies - Batch of 2026
3.5
The city is friendly, with many universities and students, making it a great college town.
Tips: Boston was a city that instantly drew me in. The people are friendly, and the city is filled with many universities and students; making it a great college town basically. I've also managed to find a good balance studying here. Accommodation is expensive, but you can save a lot on travel by carpooling, and most of the public transport is free. You'll be expected to engage in your classes and advocate for yourself if there are projects you wish to be a part of.
Total Monthly ExpenseUSD 2550
Prepping time for classes34 hours/Week
Expected Annual SalaryUSD 86750
Reviewed on 11 Aug 2025Read more
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View All 37 ReviewsRight Arrow Icon

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
Read more

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
Scholarships

Scholarship information is not available. You can apply to non-college specific scholarships available for USA.
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Class Icon
Class Profile

Average class profile for this course
Bachelors GPA / Percentage3.62
GMAT Score Average720
Student Age22 years

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About the author

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Tasneem Hoda

Study Abroad Expert

Tasneem Hoda is a Content Creator and Writer working for Shiksha.com. Her role includes developing and maintaining web pages for international universities at the Shiksha Study Abroad Portal, ensuring accuracy, completeness, and alignment with instit...Read Full Bio

Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
 
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Master of Science in Mathematical Finance (MSMF)
 at 
Boston University 
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Boston ( Massachusetts)

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