QS Rank:

108

Boston University

Massachusetts
,United States

Program Rank

17

Program Name
Master of Science in Mathematical Finance and Financial Technology

Deadline
April 04th, 2025
Overview

The Master of Science in Mathematical Finance and Financial Technology at Boston University is an intensive academic program designed for individuals aiming to excel in the dynamic and rapidly evolving financial landscape. This program equips students with essential skills in financial mathematics, quantitative analysis, and the application of technology in finance. As part of the prestigious Questrom School of Business, it merges rigorous theoretical foundations with practical applications, ensuring graduates are well-prepared to tackle real-world financial challenges. The curriculum is meticulously crafted to provide a blend of advanced mathematical techniques and innovative financial technologies, addressing the increasing demand for professionals who can bridge the gap between finance and technology. Students in this program will delve deep into a comprehensive curriculum that includes courses such as Financial Econometrics, Algorithmic Trading, Risk Management, and Machine Learning for Finance. Each course is taught by faculty members who are leaders in their fields, combining academic rigor with hands-on experience. The program emphasizes not only the technical aspects of finance but also the importance of strategic decision-making in financial contexts. This unique approach ensures that graduates emerge with a well-rounded skill set, capable of making impactful contributions in various finance-related roles. One of the standout features of the program is the extensive research opportunities available to students. Boston University fosters an environment where students can engage in groundbreaking research, often in collaboration with faculty members who are actively involved in influential projects. Resources such as advanced financial labs and access to proprietary financial databases empower students to conduct high-level research. Additionally, students are encouraged to present their findings at conferences and workshops, further enhancing their academic experience and professional network. In terms of career prospects, graduates from the Master of Science in Mathematical Finance and Financial Technology program enjoy a remarkable job placement rate. The program has established strong ties with industry leaders, facilitating a range of internship opportunities and industry collaborations. Students are equipped with not only technical skills but also the professional networks necessary to thrive in competitive job markets. Prospective job roles include Data Scientist, Quantitative Analyst, Risk Manager, and various other high-level positions in finance, consulting, and technology sectors. Alumni of the program have successfully transitioned into prominent roles at leading financial institutions, technology firms, and consulting agencies, setting a high standard for future graduates.
Additionally, the diverse community of students enhances the learning experience, fostering a rich exchange of ideas and perspectives. With an international student diversity rate of 33.88%, the program attracts talent from around the globe, creating a vibrant and inclusive learning environment. The average class size of 106 students ensures personalized attention, while the collaborative culture promotes teamwork and peer learning. With an acceptance rate of 14%, the program is selective, admitting only those who demonstrate exceptional potential and commitment to their professional development.
Why Study Mathematical Finance and Financial Technology at Boston University?
- Learn from a distinguished faculty comprising experts in finance and technology who bring a wealth of knowledge and experience to the classroom.
- Engage in cutting-edge research projects with opportunities to publish and present your work internationally.
- Benefit from extensive industry connections, which facilitate valuable internships and job placements post-graduation.
- Leverage state-of-the-art financial labs and resources to enhance your learning and research capabilities.
- Enjoy a collaborative learning environment with a diverse cohort of students from various backgrounds.
- Experience a high median base salary upon graduation, reflecting the program's strong reputation and the demand for skilled graduates in the job market.
The admission process for this program is designed to identify candidates who exhibit exceptional academic and professional potential. Applicants are expected to have a minimum undergraduate GPA of 2.5/4 and relevant work experience. To apply, prospective students need to submit their transcripts, a resume, and academic and professional letters of recommendation. The application deadline for Fall intake is February 12, 2025, making it essential for candidates to prepare their applications in advance. Overall, the Master of Science in Mathematical Finance and Financial Technology at Boston University is more than just an academic program; it is a transformative experience that equips students with the knowledge, skills, and connections necessary for success in the ever-evolving world of finance. With a commitment to excellence and a focus on innovation, this program stands out as a premier choice for aspiring financial professionals seeking to make a significant impact in their careers.

Total Tuition Fees
$1,33,340

Duration
17 Months

Median Salary
$1,10,000
Ranking
#41
US World and News Report
#71
The World University Rankings
#108
QS World University Rankings

Intake
Fall ( Sept - Nov )
Class Profile

Class Size
106

Average Age
26

Average Work Experience
2 Years
Diversity
Others:
45%New England:
25%Midwest:
15%South:
10%West:
5%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year

Graduation Rate
89%
Prospective Job Roles
Statistician
Clinical Data Analyst
Biostatistician
Physics Teacher
Physics Education Consultant
Vital Statistics Registrar
Physics Education Policymaker
Pharmaceutical Statistician
Data Scientist
Vital Statistics Analyst
Physics Education Researcher
Physics Education Technology Developer
Physics Education Policy Analyst
Vital Statistics Technician
Data analyst
College Physics Professor
Top recruiters



















Eligibility Criteria

At least n/a months of full-time professional experience after graduation.

At least 2.5 / 4 undergraduate GPA is expected.

At least 16 years of bachelor degree.
English Proficiency Tests
IELTS
6.5
TOEFL
90
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 125
Transcript
Passport
Resume
IELTS
Class 12 Marksheets
Class 10 Marksheets
Academic LOR
Professional LOR
Application Deadlines
Priority 1 | Secondary Deadline | Final Deadline | |
---|---|---|---|
Fall | Nov 20, 2024 | Feb 12, 2025 | Apr 4, 2025 |
Fees and Funding

Tuition Fees
$66,670 / year

Overall Cost
$82,000 / year
FAQs
OEFL: Minimum scores of 600 on the PBT or 90 on the IBT are recommended. BU’s TOEFL code is 3087, and the department code is 02. IELTS: A student’s overall score must be a minimum of 6.5. PTE: As more candidates submit the PTE, we are developing updated standards for our requirements. As new information becomes available, it will be posted here. Duolingo: A minimum score of 120 is recommended. PTE: As more candidates submit the PTE, we are developing updated standards for our requirements. As new information becomes available, it will be posted here.
Candidates who have earned or will have completed at least three years of a Bachelor’s or Master’s degree at an institution in which the language of instruction was solely based in English are eligible for an automatic TOEFL/IELTS/PTE waiver. Candidates must present evidence of language of instruction with the application for admission (through their transcript/accompanying documents or a link to the institution’s website). Additionally, candidates who have or will have worked for at least two years in a full-time, post-bachelor’s degree position in the US are eligible for an automatic waiver. If you do not meet these criteria but would like to be considered for a waiver, you can submit a written request highlighting your experience with and proficiency in the English language to [email protected], opens in new tab before submitting your application. The admissions committee will consider these requests on a case-by-case basis. If you submit test results with your application, please be advised that tests are valid for 2 years. We are currently accepting Duolingo scores in addition to TOEFL and IELTS. To access the Duolingo test, go to https://englishtest.duolingo.com/applicants, opens in new tab. Select Boston University Graduate & Professional Programs as a score recipient, and email [email protected], opens in new tab with your name and the date you have taken the Duolingo test. – If you are submitting test results with your application, please be advised that tests are valid for 2 years
We require that applicants hold a four-year Bachelor’s degree from an accredited US institution or its international equivalent. If you have earned a three-year degree that is the equivalent of a four-year degree in the US, it will be accepted in the admissions process. Diplomas, the Higher National Diploma (H.N.D.), certificates, memberships or associate memberships in some professional organizations, and some bachelor’s and technical degrees are not considered equivalent to a U.S. bachelor’s degree for the purpose of gaining admission to the Graduate School. For example, if you earned a three-year degree in India, your degree will qualify you to be considered for admission. Regardless of program length, if you are uncertain whether your undergraduate degree meets our qualifications, please contact [email protected] before starting the application process.
No, formal interviews are not required for the MS in Mathematical Finance & Financial Technology Program. Instead, applicants are required to complete the three video essay questions as part of their applications. Please use the hyperlink found in the “Documents” section of the “Program Materials” portion of the application to complete the video essay process.
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