Master of Science in Mathematical Finance (MSMF) 

at Boston University, Boston

Boston University costs vary by program tuition fees and other expenses for international students. The university is not highly expensive as the Boston fees vary between INR 19 L and INR 73 L for first-year. The table below includes the first-year cost of study at the university including other expenses:

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

Yes, the MIM course at Boston University is a STEM-based course. As a result of this international students may be able to apply for a 24-month extension of their 12-month OPT employment authorization. 96% of the Class of 2024 MIM course graduates accepted an offer within 6 months of graduation. To take admission to this course, the applicants are required to have a Bachelor's degree. GMAT / GRE results are optional. Documents to submitted are academic transcripts, resume, essay, English language proficiency score, etc.

Boston University is one of the most prestigious universities in the world and is a very competitive university to get into. As per the unofficial sources, 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. However, 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.

At Boston University, students come from all walks of life and every corner of the globe. There is no single type of student at BU as the university's community includes students from different backgrounds and with a wide variety of life experiences. The total number of first-year applicants enrolled in Fall 2024 is 78,769. 23% of the students in the BU Class of 2028 are international.  

Boston University is a leading private research institution. There are 37,000+ students at BU hailing from 140 countries. The university offers 300+ courses. BU is one of the only 3 universities in Boston and Cambridge named to the prestigious Association of American Universities. It is internationally recognized as a top-institution of higher learning and research (Ranks in #41 in USA). The award-winning faculty of BU includes a forme US Poet Laureate, National and International Academies members, Fulbright Scholars, a dozens of leading scientists, authors, and researchers. 

As per Shiksha Study Abroad, the overall rating received by Boston University is 4.0. According to the reviews posted by students on Shiksha, here are some of the highlights for BU:

• BU has a highly engaging life. The campus is extremely welcoming and engaging with a lot of activities for students
• The faculty at Boston is highly qualified and are experts in their field
• For academic assistance, students can enroll in the ISSP or the International Students Success programme which is run by international students and professionals
• A little bit expensive but worth the experience. Studying at BU will allow you to grow as an individual and help you to learn the art of thinking out of the box

The average starting salary of the graduates at Boston University is USD 66,872 (Around INR 59 lakh) for the Class of 2024 UG class. The salary details of the previous years are given below: 

• Class of 2023: USD 67,627 (Around INR 59.4 lakh)

• Class of 2022: USD 67,721 (Around INR 60 lakh)

• Class of 2021: USD 59,613 (Around INR 52.4 lakh)

• Class of 2020: USD 58,427 (Around INR 51.38 lakh)

Given below is the comparison Boston University and Northeastern University for MSc in CS: 

• Reputation: Boston Uni is strong is research and globally recognized whereas, Northeastern is known for industry connections, experiential learning, and outstanding co-op programs
• Average tuition fees: At Boston University, the average tuition fees is around USD 63,000 or more and at Northeastern, the average tuition fee is around USD 60,000 or more
• Top employers: A few of the top employers at Boston Uni are Amazon, Google, Meta, Microsoft and known employers of Northeastern Uni are Apple, Microsoft, Healthcare IT companies, etc. 

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.

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. 

Demonstration of English language proficiency is another eligibility criteria that is a non-negotiable admission criteria at this 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 b 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 11% indicating 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.