Applied Mathematics (B.S.)/Mathematical Finance (M.A.S.)

Illinois Institute of Technology

United States of America, Chicago

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Home/United States of America/Chicago /Illinois Institute of Technology/Applied Mathematics (B.S.)/Mathematical Finance (M.A.S.)

Illinois Institute of Technology

United States of America , Chicago

Key Facts

Program Level

Bachelor

Study Type

Full Time

Delivery

On Campus

Campuses

Main Site

Program Language

English

Start & Deadlines

Next Intake Deadlines22-Aug-2022

Apply to this program

Go to the official application for the university

Duration 4 year(s)

Tuition Fee

USD 48,670 / years

Next Intake 22-Aug-2022

Applied Mathematics (B.S.)/Mathematical Finance (M.A.S.)

About

This accelerated master's program offers an ideal balance of theoretical knowledge and practical application. The quantitative core is based on the theory of stochastic process and stochastic calculus and mathematical and computational finance, as well as advanced numerical and simulation methods.

The Master of Mathematical Finance program at Illinois Tech is a professional, non-thesis interdisciplinary program offered jointly by the Department of Applied Mathematics in the College of Science and Stuart School of Business, providing an advanced education in theoretical, computational, and business aspects of quantitative methodologies relevant to the financial industryâ€”essential skills in pursuing a career in financial risk management.

This accelerated master's program offers an ideal balance of theoretical knowledge and practical application. After building a solid foundation in mathematics and mathematical finance, you will be immersed in the quantitative principles of valuation and hedging of financial securities. The quantitative core is based on the theory of stochastic process and stochastic calculus and mathematical and computational finance, as well as advanced numerical and simulation methods.

Lying at the intersection of Chicagos diverse economy and a thriving science and technology community, Illinois Techs mathematical finance program can offer research and internship experiences, as well as future employment opportunities, enriched by the resources available in Chicago.

Disciplines

Stuart School of Business

Requirements

Entry Requirements

Students in the Bachelor of Science in Applied Mathematics program may apply for admission to the accelerated master's program for mathematical finance after their second year, fourth semester, or 80 credit hours (including transfer credit) of undergraduate study.

An overall GPA of at least 3.0 and a GPA of at least 3.25 in math are required for admission to the accelerated master's program.

English Program Requirements

International students who fit into any of the following categories will be considered to have met the requirement:

Residents of a country where English is the only official language and who is a native English speaker
Graduates of U.S. high schools
Completed the equivalent of Iowa State’s English 150 or 250 with a grade of B or better at an accredited U.S. 2 year or 4 year college or university.

CONDITIONAL ADMISSION

If you meet all admission requirements but do not meet our English proficiency requirements, Iowa State offers conditional admission to attend our Intensive English and Orientation Program (IEOP). If you would like to enroll in IEOP, on the application choose "I would like to enroll in Iowa State’s IEOP program before I begin the academic study.”

Career

Alumni of the mathematical finance program are employed by CME Group, Citigroup, Discover Financial Services, Envestnet, Goldman Sachs, Intercontinental Exchange, JPMorgan Chase & Co., Morgan Stanley, OCC, PrivateMetrics Group, and Quantitative Risk Management, Inc. (QRM), in roles such as: