North Carolina State University - Master of Financial Mathematics

Masters Degree
Published

February 12, 2024

https://financial.math.ncsu.edu/

Key takeaways

  • 3-semester program
  • tuition fee $44,150 for 3 semesters
  • not many courses required for graduation

Program

Deadline: December 31

Fees

Hours Tuition Tuition Increment Required Fees Total
1 $1,635.17 $555.56 $143.45 $2,334.18
2 3,270.34 1,111.12 286.90 4,668.36
3 4,905.51 1,666.68 430.35 7,002.54
4 6,540.68 2,222.24 573.80 9,336.72
5 8,175.85 2,777.80 717.25 11,670.90
6 9,811.02 3,333.36 860.70 14,005.08
7 11,446.19 3,888.92 1,004.15 16,339.26
8 13,081.36 4,444.48 1,147.60 18,673.44
9+ 14,716.50 5,000.00 1,291.13 21,007.63

Prerequisites/requirements

  • Transcripts from all universities attended.
  • Three recommendation letters.
  • A Personal Statement
    • Explain your motivation and provide some understanding to your application materials.
    • 1 – 2 pages, single-spaced, are recommended.
  • Your professional resume.
  • GRE Test Scores (Optional)
    • A strong GRE General Test score will increase your chance of admission.
    • We will also consider applications without GRE scores.
    • GRE Math Subject Test scores are not required but recommended.
  • TOEFL/IELTS/Duolingo Scores (if applicable)
    • TOEFL 80 with minimum 18 for each section or IELTS 6.5 with minimum 6.5 for each section. However, a TOEFL score of 90 (minimum 19 for each section) or a IELTS score of 7.0 (minimum 7.0 for each section) is preferred.
  1. A GPA of at least 3.0 (out of 4.0) in the sciences required; overall GPA of 3.5 or higher preferred.
  2. A strong undergraduate mathematics background, including calculus, linear algebra and probability, is highly preferred.
    • Students that do not satisfy these requirements may be admitted contingent on completion of additional courses.
  3. Work experience is not required, but can be beneficial.

Curriculum

SEMESTER ONE CORE REQUIREMENTS (FALL)

  1. Options and Derivatives Pricing (FIM/ECG/MA/MBA 528)

  2. Fundamentals of Statistical Inference I (ST 501)*

  3. Capital Investment Economic Analysis (ISE 711) (optional)

  4. Career Development for Quants, a Seminar (FIM 500)

SEMESTER TWO CORE REQUIREMENTS (SPRING)

  1. Stochastic Calculus for Finance (MA 547)

  2. Fundamentals of Statistical Inference II (ST 502)

  3. Monte Carlo Methods for Financial Mathematics (MA/FIM 548)

  4. Seminar in Financial Mathematics (FIM 601)

SUMMER SEMESTER REQUIREMENTS

Internship in Financial Mathematics (FIM 650) (1 credit)

or

Project in Financial Mathematics (FIM 675) (1 credit)

SEMESTER THREE CORE REQUIREMENTS (FALL)

  1. Computational Methods in Economics and Finance (ECG 766) (optional)

  2. Seminar in Financial Mathematics (FIM 601)

*Core classes must be passed with a grade of B or better.

Photo by Wes Hicks on Unsplash