Master of Science in Financial Mathematics
4.3 /5
- Private University
Department of Mathematics
Talk to ExpertMaster of Science in Financial Mathematics at University of Chicago Overview
Master of Science in Financial Mathematics
at University of Chicago
Our counselors guided 1 student in securing admission to this course. Know moreThe The University of Chicago offers a really good Master of Science in Financial Mathematics program at the PG level, which lasts for 18 to 24 months. To get admission to the program, students must meet the requirements for the course which include having a valid score on tests like IELTS and TOEFL. The The University of Chicago tuition fee for the first year of the Master of Science in Financial Mathematics is USD 68,061. Also, the students should budget well for living expenses, which has:
- Accommodation (rent or hostel)
- Food
- Books
- Other important utilities
Duration | 15 months |
Tuition & Fees | ₹62.76 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 Financial Mathematics
Table of contents
Master of Science in Financial Mathematics at University of Chicago Fees
Master of Science in Financial Mathematics
at University of Chicago
The University of Chicago Master of Science in Financial Mathematics fee structure includes first-year tuition fee that all the students have to pay. The total expense may vary, depending on the additional charges provided by The University of Chicago. The total first-year tuition fees of Master of Science in Financial Mathematics is USD 68,061.
To know more about The University of Chicago Master of Science in Financial Mathematics fee breakup, check out the table below:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 62,76,240 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Insurance | INR 4,43,173 |
| Transportation | INR 2,66,010 |
Calculated at the exchange rate of 1 USD = INR 88.67 | Tuition & expenses were last updated on 22ⁿᵈ May 2025Download exam sample paper
TOEFL
TOEFL
PTE
IELTS
Duolingo
GRE
Master of Science in Financial Mathematics at University of Chicago Entry Requirements
Master of Science in Financial Mathematics
at University of Chicago
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- No specific cutoff mentioned
- Read less
- Applicants must hold a four-year bachelor’s degree or its equivalent from an accredited college or university
- The Financial Mathematics Program seeks candidates with strong math skills, relevant work experience, and basic computer programming skills.
- All candidates should have a solid background in mathematics. The minimal math prerequisites are the successful completion of at least multivariable calculus, linear algebra, and probability.
- In addition to academic mathematical training and work experience, candidates must have some level of computer programming skills, ideally in either C++, or Python, or other object-oriented languages.
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 90/120
- At least 90 on the TOEFL
- Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
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Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
PTE
- No specific cutoff mentioned
IELTS
- Marks - 7/9
- At least 7 required
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- No specific cutoff mentioned
- The GRE is not required of any applicant.
- Applicants are welcome to use a GRE score to enhance their application.
Duolingo
- No specific cutoff mentioned
Work Experience
- Read less
- Although many candidates without work experience are accepted, university strongly encourages those with relevant work experience to apply to the Program and to include this information in their applications.
- Candidates with industrial experience oftentimes find that they have an extra level of confidence in their decision to pursue a career in the financial industry. Although this is not as strict a requirement as the math skills, it is given this a fair amount of consideration.
Conditional Offer
- Yes
- Read lessNo programs at the University of Chicago offer conditional admission to students who have not submitted an application following the standard application process and deadlines. A few will make conditional offers of admission to students who otherwise have met the requirements for admission, but do not yet meet the program's English proficiency requirements. If you receive a conditional offer, you will not be allowed to enroll until you have met the requirement; the conditions may not be met after arrival on campus.
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Master of Science in Financial Mathematics at University of Chicago Application Process
Master of Science in Financial Mathematics
at University of Chicago
Step one
Prepare documents for application
LOR
- Three Letters of Recommendation are required
CV
- Resume/CV is required
- Please list your entire work history on your resume, including start and end dates, locations, and indicate if the position was full or part-time.
Step two
Additional documents required
- Transcripts from all previous colleges and universities attended
- Proof of English language proficiency
- 2 Video Statements
- 3 Candidate Statements:
-
Each statement should be no longer than 250 words:
- What has been your greatest shortcoming in preparing for the Financial Mathematics program and what steps have you taken to succeed in spite of this oversight?
- How does this program/university/city align with your career goals?
- Is there any additional information pertaining to your overall candidate profile that would be helpful to the committee to know?
-
Step three
Start your online application
Step four
Application fees for this course
USD 90 = INR 7.98 Thousand
Mode of payment: Credit card
- University allows students to pay their tuition fee in 10 monthly installments of equal amount
- Enrollment fee is $90.00 annually
Master of Science in Financial Mathematics at University of Chicago Rankings
Master of Science in Financial Mathematics
at University of Chicago
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #18 | |
| #19 | |
| #34 |
Master of Science in Financial Mathematics at University of Chicago Placements
Master of Science in Financial Mathematics
at University of Chicago
| Particulars | Statistics (2024) |
|---|---|
| Average Salary | USD 86,250 |
| % Batch placed | 98 |
| Internship Available | Yes, Students have the option to receive practical training through Project Lab, or an internship 97% of full-time students secured at least one internship Students receive internship in companies like Go Students have the option to receive practical training through Project Lab, or an internship 97% of full-time students secured at least one internship Students receive internship in companies like Goldman Sachs, JP Morgan, Barclays and CME Group |
Top Recruiters for University of ChicagoABN Amro Bank
Barclays Capital
Goldman Sachs
JP Morgan Chase
Morgan Stanley
Wells Fargo
The University of ChicagoStudents Ratings & Reviews
4.3/5
2 Verified ReviewsStudent Views (Based on Reviews)
- 50% students never faced discrimination in this university
Vibe of Campus
Friendly
Academically oriented
Multi-dimensional
Sporty
Internships4
Part time work4
Post study jobs4.5
Quality of faculty4.5
Student Life4.5
Value for money4.5
Public transportation4.5
Safety3.5
Indian Food4
Permanent Immigration4.5
K
Kutay serova
BA in Linguistics - Batch of 2026
Offered by The University of Chicago
4
Academic excellence and innovation.
Tips: After coming here, I have had to adjust to a new place, which included some cultural shifts. The way people do things here is a bit different from my home country, but it's been a valuable learning experience. I was fortunate to receive a scholarship. I'm very satisfied with my university. They offer excellent support and resources.
Likes (Safety): In my college, they make sure we're safe with bright paths, emergency phones, and cameras. They teach us what to do in emergencies. The city is usually good, the people are nice, and there are cool things to do. Sometimes traffic is a hassle, but that's not a big deal compared to the fun stuff.
Dislikes (Student Life): My college days are a mix of classes study sessions and extracurricular. I enjoy the freedom and diverse events on campus from cultural festivals to club activities. There's always something happening, and I try to participate when I can. Student clubs cover a wide range of interests and I've made friends in academics and social experiences and I love the opportunities it brings.
Total Monthly ExpenseUSD 1400
Prepping time for classes20 hours/Week
Expected Annual SalaryUSD 60275
Kuntal Ghosh
Master of Science in Molecular Engineering - Batch of 2025
Offered by The University of Chicago
4.5
Fantastic experience, a definite recommendation for any aspiring applicant!
Tips: I must mention that if you are a graduate student, you get a monthly stipend. The university will cover the tuition fees, and the stipend (or salary) given is very decent. Academically, this is one of the best universities you'll ever come across. The workload can be really demanding at times, but I guess all good places have that in common.
Likes (Quality of faculty): The professors here are top-notch, at least in my department. The Chemistry department boasts some of the best researchers in their field, including a Nobel laureate. In terms of teaching, professors are usually very chill and easy to approach. One shouldn't have too many issues with regard to the faculty.
Dislikes (Safety): Chicago isn't known to be a safe city, including the area around the campus. However, if you follow basic rules eg. don't go out alone on the streets at night, etc. you should be fine. I must say though, that the university tries its best to keep the students safe.
Total Monthly ExpenseUSD 947
Prepping time for classes14 hours/Week
Expected Annual SalaryUSD
View All 2 Reviews
Master of Science in Financial Mathematics at University of Chicago Highlights
Master of Science in Financial Mathematics
at University of Chicago
- The University of Chicago's Department of Mathematics offers a one year postgraduate degree in Financial Mathematics which equips students with a solid foundation in mathematics
- Students explore the deep-rooted relationship that exists between theoretical and applied mathematics
- Graduates are provided with practical knowledge that they can successfully apply to complicated financial models
Master of Science in Financial Mathematics at University of Chicago Scholarships
Master of Science in Financial Mathematics
at University of Chicago
Scholarship information is not available. You can apply to non-college specific scholarships available for
USA.
View all 79 scholarships
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About the author
Loveleen Sharma
Study Abroad Expert
Loveleen is a seasoned content writer with 4+ years of experience, currently writing for Shiksha. When he is not writing and helping students, he can be found at the movies, reading fiction, and learning a new language.
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Master of Science in Financial Mathematics at University of Chicago Contact Information
Master of Science in Financial Mathematics
at University of Chicago
Address
Edward H. Levi Hall 5801 South Ellis Avenue Chicago, Illinois 60637 USA
Chicago ( Illinois)
Phone
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