Master of Science in Financial Mathematics atThe University of Chicago Department of Mathematics


15 months (Full Time)

Course Level

PG Degree

International Students Admission Website

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Type of University


Year of establishment



  • 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


  • University Rankings
    • #10

      - ARWU (Shanghai Ranking) 2021

    • #10

      - QS 2022

    • #10

      - THE (Times Higher Education) 2022

    • #6

      - US News & World Report 2022

    • #15

      - US News & World Report 2022

Fees & Expenses
1st year tuition fees
Fees componentsAmount
Tuition & feesINR 60,78,986
Other expenses in 1st Year
Fees componentsAmount
InsuranceINR 3,72,723
TransportationINR 2,16,728
Student Life FeeINR 1,01,874
Books and SuppliesINR 1,45,710
Personal/MiscellaneousINR 2,57,134
Graduate Student Services FeeINR 33,958
TotalINR 11,28,127

Calculated at the exchange rate of 1 USD = INR 81.63


Tuition & expenses were last updated on 9ᵗʰ December 2021

Entry Requirements

QualificationEntry Criteria

No specific cutoff mentioned


No specific cutoff mentioned

  • Applicants must hold a four-year bachelor’s degree or its equivalent from an accredited college or university
  • Applicants must have strong math skills
  • Applicants who do not have mathematics background are required to complete the below four courses:
    • Multivariable Calculus
    • Linear algebra
    • Probability
    • Python


Marks - 90/120


Marks - 7/9


No specific cutoff mentioned

  • Applicants are strongly recommended to submit GRE Math Subject Test, although it is not required

Other eligibility criteria
Applicants are strongly encouraged to have some relevant industrial work experience Applicants with basic computer programming skills, especially in C++ or other object-oriented languages, as well as experience in MATLAB, will have an advantage in the Program. All students are required to take 300 units of Computing coursework
Application Process

Step 1: Prepare documents for application

  • Three Letters of Recommendation are required

Step 2: Additional documents required

Step 3: Start your online application

Step 4: Application fees for this course

Step 5: Application deadline

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

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