Mathematical Finance (M.A.S.) at Illinois Institute of Technology

Admission requires a bachelors degree in a quantitative discipline such as mathematics, quantitative finance, engineering, or statistics with a minimum cumulative GPA of 3.0/4.0.

Applicants must have a background in undergraduate-level probability theory, multivariate calculus, and linear algebra. Background in ordinary differential equations will enhance the chance of admission to the program.

If required, TOEFL scores should be a minimum of 90/250 (internet-based/computer-based test score), or the IELTS score should be a minimum of 6.5.

A two-page professional statement of goals and objectives, and a curriculum vitae, must be submitted.

Two letters of recommendation are required, and at least one must be from academia.

An interview may also be required.

Typically, admitted students score at least 156 on the quantitative portion of the GRE and at least 3.0 on the analytical writing portion.

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.”