Master of Financial Mathematics
4.3 /5
- Public University
Carlson School of Management
Talk to ExpertMaster of Financial Mathematics at University of Minnesota, Twin Cities Overview
Master of Financial Mathematics
at University of Minnesota, Twin Cities
University of Minnesota, Twin Cities offers Master of Financial Mathematics course at PG level. Offered for a duration of 2 years, it is among the top-ranked courses offered by the university. Indian students are required to submit scores of exams such as IELTS, TOEFL, GRE, PTE and Duolingo to be eligible to get selected for the course. Additionally, Indian students also have to provide all the necessary documents as part of the admission process. The University of Minnesota, Twin Cities tuition fee for Master of Financial Mathematics is USD 20,112 (INR 1,930,551) for first year. Along with tuition fees, the students are also required to manage living expenses. The average University of Minnesota, Twin Cities cost of living for Indian students is USD 10,358 (INR 994,264).
Duration | 2 years |
Tuition & Fees | ₹19.46 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
Table of contents
Master of Financial Mathematics at University of Minnesota, Twin Cities Fees
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Students can pursue University of Minnesota, Twin Cities Master of Financial Mathematics at an affordable cost. The university tuition fees for the program is USD 20,112 (INR 1,930,551). Apart from tuition fees, students also manage additional costs such as Hostel & Meals, Transportation, Books and Supplies, Personal Expenses, etc. The total expense may vary at the university, depending on the additional charges levied by the University of Minnesota, Twin Cities.
International students have to make a budget to manage the cost of living, which is USD 10,358 (INR 994,264).
Students can check the table below for University of Minnesota, Twin Cities Master of Financial Mathematics fee breakup:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 19,46,349 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 10,02,401 |
| Insurance | INR 2,46,197 |
Calculated at the exchange rate of 1 USD = INR 96.77552 | Tuition & expenses were last updated on 7ᵗʰ November 2025Download exam sample paper
TOEFL
TOEFL
PTE
IELTS
Duolingo
GRE
Master of Financial Mathematics at University of Minnesota, Twin Cities Entry Requirements
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 3/4
- Read less
- Applicants must have a UG degree from a accredited university. Along with the UG GPA required for the program is 3 and must have completed college level courses in single variable, multivariable calculus & linear algebra along with the Background in Probability and programming language are highly recommended
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GPA
Percentage
CGPA
Out of 10
TOEFL
- No specific cutoff mentioned
- Read less
- With minimum 21 in the writing section and a minimum 19 in the reading section
-
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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
- With a minimum of 59 in Writing and reading
IELTS
- No specific cutoff mentioned
- Read less
- With a minimum 6.5 in Writing and reading
- 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
- Either a GRE General or a GRE Math Subject test score (no more than two years old) is required
Duolingo
- No specific cutoff mentioned
Conditional Offer
- Yes
- Read lessConditional admission means you are academically qualified for admission to the University of Minnesota. However, because your English proficiency is below the minimum level we require for admission to our degree programs, you will need to enroll in the Minnesota English Language Program (MELP), which is the University of Minnesota's Intensive English Program, in order to achieve the level of English proficiency that will allow you to be successful in your academic program. You will be eligible for admission to your academic program for the fall semester noted in your letter once you have demonstrated high enough English proficiency.
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Master of Financial Mathematics at University of Minnesota, Twin Cities Application Process
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Step one
Prepare documents for application
LOR
- Submit three letters of recommendation. These letters are a very important part of your application since they are used to estimate your potential and motivation for the Financial Mathematics program. We recommend that applicants who have been out of school for a while get at least one recommendation from a professor (preferably a math professor) who can attest to their mathematical abilities
Step two
Additional documents required
- Submit a transcript from each college or university
- Program Supplementary Information:
- Writing Sample is not required, but will be considered if submitted
- Description of Research or Work Experience may be uploaded and will be considered
- Resume or CV may be uploaded and will be considered
- Other Credentials are not required but will be considered if submitted
- Any additional materials are not required but will be considered if submitted
- Proof of English language proficiency scores
- Proof of GRE scores
- Personal Statement of Purpose and Goals is very important for us to assess your sincerity, motivation, and expectations
Step three
Start your online application
Step four
Application fees for this course
USD 95 = INR 9.14 Thousand
Mode of payment: Credit card
Master of Financial Mathematics at University of Minnesota, Twin Cities Rankings
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #7 | |
| #54 | |
| #85 |
Master of Financial Mathematics at University of Minnesota, Twin Cities Placements
Master of Financial Mathematics
at University of Minnesota, Twin Cities
| Particulars | Statistics (2021) |
|---|---|
| % Batch placed | 80.65 |
| Internship Available | Yes |
Top Recruiters for University of Minnesota, Twin CitiesAmazon
Bank of America
Bloomberg
General Motors
Goldman Sachs
Google
HSBC
JP Morgan Chase
KPMG
McKinsey
Morgan Stanley
Wells Fargo
University of Minnesota, Twin CitiesStudents Ratings & Reviews
4.3/5
9 Verified ReviewsStudent Views (Based on Reviews)
- 40% students never faced discrimination in this university
Vibe of Campus
Multi-dimensional
Friendly
Fun loving
Academically oriented
Internships3.8
Part time work4.1
Post study jobs4.4
Quality of faculty4.6
Student Life4.6
Value for money4.2
Public transportation4.7
Safety4.4
Indian Food4.4
Permanent Immigration3.8
A
Anonymous
Masters in Computer Science - Batch of 2026
4.0
Rigorous learning with excellent career opportunities.
Tips: Students should be prepared for a rigorous academic environment, especially in technical programs. It's also helpful to start networking and go to career events and seek research or internship opportunities rather than waiting for them.
Likes (Internships): There are good opportunities available but the process is very competitive. There is support from career services and faculty and much of the networking and again that needs to be driven personally.
Dislikes (Indian Food): There are a few restraints that offer similar food cuisine and but in the locality, there are mostly American fast- casual restaurants, a few Asian Chinese, Thai and Indian places and some Mexican options.
Total Monthly ExpenseUSD 975
Prepping time for classes23 hours/Week
Expected Annual SalaryUSD 98025
A
Anonymous
Master of Science in Electrical and Computer Engineering - Batch of 2027
4.7
UMN offers great connections and assistance with the industry in helping land internships.
Tips: Not being mentally prepared to face or embrace the culture and weather changes can be detrimental, but overall, it's a great university to study at. Scholarships are available, offered based on the profile and kind of degree. Mostly PhDs get plenty of funding through research assistantships or teaching assistantships. The University of Minnesota, Twin Cities, is a great place to study.
Likes (Student Life): Absolutely beautiful campus, with tunnels to use for commuting during hard, tough winters. Heated rooms make winter survival enjoyable. A lot of student groups, especially Indian student groups, hold events so often that it feels like home to celebrate fests like Holi, Ram Janmastami, etc. I spend time in the library, which feels like it's straight out of Hogwarts, with high ceilings and beautiful roof work.
Dislikes (Internships): UMN offers great portals called Handshake/careers to either apply to off-campus internships or on-campus research positions in the field of study. Professors have great connections with the industry and offer great assistance both in helping land internships and offering referrals directly. UMN has a career centre that helps with resume editing and workshops to sharpen communication skills and enhance speaking abilities, and the available internships are definitely relevant.
Total Monthly ExpenseUSD 300
Prepping time for classes25 hours/Week
Expected Annual SalaryUSD 80000
A
Anonymous
MS in Data Science - Batch of 2027
5.0
University of Minnesota is a bit challenging yet it's rewarding.
Tips: Before joining the University of Minnesota, students should be prepared for a rigorous academic course load and cold weather. But the professors and research opportunities more than make up for it. I love the professors and the specialised research. I didn't initially get a scholarship, but there are a lot of opportunities to work as a research assistant. This would allow your tuition to be waived off, and you will get paid well, somewhere ranging between 25-30 dollars.
Total Monthly ExpenseUSD 1000
Prepping time for classes24 hours/Week
Expected Annual SalaryUSD 43875
A
Anonymous
MS in Experimental and Clinical Pharmacology - Batch of 2027
4.5
The campus of the University of Minnesota focuses a lot on the safety parameters.
Tips: I am absolutely in love with the UoMinn. I am an international student as well, so I can understand how they feel moving to a totally new country. The campus of the University of Minnesota focuses a lot on the safety parameters. Apart from campus security, there are many facilities where one can avail a free cab service if they are travelling anywhere in MN at night. Also, if one feels lonely, they can get themselves a walking companion, who will assist them in reaching their destination.
Dislikes (Permanent Immigration): I don't personally wish to immigrate to the US after completing my master's degree, but I know plenty of other students who have had their degrees in CS and Elec engineering and stayed back in the US. They are doing pretty well there, so I think there are plenty of opportunities if that's something you want to do.
Total Monthly ExpenseUSD 725
Prepping time for classes26 hours/Week
Expected Annual SalaryUSD
A
Anonymous
BS in Agricultural Education - Batch of 2022
4.2
Surprising academic challenges and unexpected personal growth.
Tips: Life in the United States is better if you have your own transportation, like a car or a bike. Many things are different here than in India, starting with driving on the left. But the biggest difference is that the only language spoken here is English. The education system here is uncorrupted, and only intelligence, brilliance, and consistency survive here. The faculty are highly talented and experts in their field and you can connect with them by mail. Try to connect with alumni and ask them about the courses and university to get a wide understanding.
Total Monthly ExpenseUSD 3550
Prepping time for classes50 hours/Week
Expected Annual SalaryUSD 36075
View All 10 Reviews
Master of Financial Mathematics at University of Minnesota, Twin Cities Highlights
Master of Financial Mathematics
at University of Minnesota, Twin Cities
- The Master of Financial Mathematics prepares students to enter the field of quantitative finance, which merges the disciplines of finance, mathematics, statistics, economics and computer/data science
- MFM students develop a foundation in mathematical and statistical modeling, data science and risk analysis within the specific domain of quantitative finance
- The Master of Financial Mathematics (MFM) program is structured with a balance between theory and practice
Master of Financial Mathematics at University of Minnesota, Twin Cities Scholarships
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Scholarship information is not available. You can apply to non-college specific scholarships available for
USA.
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Master of Financial Mathematics at University of Minnesota, Twin Cities Contact Information
Master of Financial Mathematics
at University of Minnesota, Twin Cities
Address
301 19th Ave. South
Minneapolis, Minnesota 55455
Minneapolis ( Minnesota)
Phone
Email
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