Master of Science in Applied Financial Mathematics

The University of Connecticut's Professional Master's in Applied Financial Mathematics prepares a graduate for work in an analytic capacity across a wide spectrum of the financial services industry investment banks, private equity, hedge funds, mutual funds, consulting firms, investment firms, insurance companies, commercial banks, brokerage houses and other corporations. The program emphasizes finance, investing, and risk-management together with rigorous mathematical modeling and analytical techniques applied to problem-solving in those areas and communications skills required to be effective in a corporate environment.

This program is a joint venture of the Departments of Mathematics with the Department of Finance and the Department of Statistics.

Students do well in this program if they enter with a high GPA bachelor's degree in mathematics, statistics, physics, engineering, quantitative economics, or other related fields and want a career applying their already strong mathematics skills and knowledge to the understanding and solution of problems involving finance, investing, and risk. No prior knowledge of business, finance or investing is required but the mathematics background is essential. We expect applicants to have completed undergraduate coursework in differential calculus, integral calculus, multivariable calculus, differential equations, linear algebra and mathematical probability/statistics (taught in a calculus framework). If one of these is missing it can be made up upon enrollment, but usually an applicant's background should be missing no more than one of these.

A sound undergraduate program in mathematics is required for entrance into the PhD program. For the Master's degree programs, a strong undergraduate program in mathematics or a closely related field to mathematics is recommended. GRE is not required. (If you choose to take the GRE, the code is 3915.)

Three recommendation letters are required.

All international students must submit a TOEFL or IELTS score or qualify for a waiver. Further information for international graduate students is available below.

If a student was awarded funding in one program and transfers to another program, the funding may be terminated.

There are two English language requirements for prospective international graduate students.

1.) To be considered for admission by the Graduate School, an international student who has not graduated from an English speaking university must take the TOEFL iBT and achieve a score of at least 79 or take the IELTS and achieve a score of at least 6.5.
A cumulative GPA for their most recent degree of 3.0 or higher for the entire degree, pbt-550

A minimum overall score of 53 or higher on the PTE Test.