QS Rank:

324

University of Miami

Florida
,United States

Program Name
Master's in Mathematical Finance
Overview

The Master's in Mathematical Finance at the University of Miami stands as a cornerstone for students seeking to delve deeply into the intricate world of financial mathematics. This comprehensive program, housed within the distinguished College of Arts and Sciences, aims to equip students with the analytical skills and quantitative methods necessary to navigate the complexities of global financial markets. With a curriculum designed to bridge theory and practice, this degree prepares graduates for a robust range of careers in finance, investment, and risk management, making it one of the most sought-after programs in the field.
The curriculum for the Master's in Mathematical Finance is meticulously crafted to cover a wide spectrum of topics essential for understanding financial systems. Core courses include Financial Derivatives, Portfolio Theory, and Quantitative Risk Management, all of which provide a solid foundation in mathematical and statistical methods used in finance. Students also have the opportunity to engage in specialized electives such as Algorithmic Trading and Machine Learning in Finance, allowing them to tailor their education to their interests and career aspirations. The program emphasizes not only theoretical knowledge but also practical application through projects and case studies.
A distinguishing feature of the University of Miami’s program is the expertise of its faculty. The instructors are not just educators; they are accomplished professionals and researchers in their fields, offering students insights drawn from real-world experience. Many faculty members have published extensively in renowned journals, and students are frequently encouraged to collaborate on research projects, providing an enriching environment for academic and professional growth. This close interaction with esteemed faculty members cultivates a culture of innovation and critical thinking, guiding students to become proficient and independent researchers.
Furthermore, the University of Miami prides itself on its robust research opportunities and resources. Students have access to state-of-the-art laboratories and financial trading rooms, where they can apply theoretical concepts in practical settings. Additionally, the program fosters connections with industry leaders and firms, creating invaluable networking opportunities. Internships are a critical component of the master's program, with many students securing positions at leading financial institutions, hedge funds, and investment banks, thus enhancing their employability upon graduation.
Graduates of the Master's in Mathematical Finance program are well-prepared to enter a variety of high-demand roles in the finance sector. Prospective job pathways include positions such as Portfolio Managers, Quantitative Analysts, and Data Scientists, among others. The average base salary for graduates stands at an impressive $87,400, reflecting the program's strong alignment with industry needs and its reputation for producing skilled professionals. Alumni from the program have gone on to achieve remarkable success, with testimonials highlighting their preparedness for challenging roles and the solid foundation they gained during their studies.
Additionally, the University of Miami offers a vibrant student community with a diverse international presence. This not only enriches the learning experience but also allows students to build a global network. The university's location in sunny Florida serves as an attractive backdrop for students, providing a dynamic environment to study and grow. The program's unique blend of rigorous academic training, practical application, and industry connections truly distinguishes it from other offerings in the field.
Why Study Mathematical Finance at University of Miami
- A popular choice among international students, fostering a diverse and inclusive community.
- Learn from faculty who are leaders in their fields and gain the chance to become their research assistants.
- Access to high-end labs and resources to facilitate comprehensive research work and practical training.
- Excellent career services and placement programs to enhance job search efforts post-graduation.
- A curriculum that emphasizes both theoretical knowledge and practical applications, ensuring graduates are career-ready.
- Opportunities for internships and industry partnerships that pave the way for meaningful career connections.

Median Salary
$85,000
Ranking
#253
US World and News Report
#194
The World University Rankings
#324
QS World University Rankings
Class Profile

Class Size
25

Average Age
28

Average Work Experience
3 Years
Diversity
California:
15%Illinois:
5%New York:
10%Texas:
8%Florida:
45%Others:
17%Career Outcomes

Median Earnings After Graduation
$85,000 / year
Prospective Job Roles
Portfolio Manager
Mathematical Modeler
Financial Analyst
Investment Banker
Quantitative Analyst
Risk Analyst
Data Scientist
Research Analyst
Actuary
Trader
Top recruiters










Eligibility Criteria
English Proficiency Tests
TOEFL
80
IELTS
6.5
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.
Transcript
Resume
Academic LOR
Application Deadlines
Fees and Funding

Tuition Fees
$37,621 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
University of Miami Presidential Scholarship
University of Miami Alumni Scholarship
University of Miami Provost's Scholarship
FAQs
The application fee to pursue Mathematical Finance at University of Miami is USD 85 for international students.
The annual tuition fee to pursue Mathematical Finance at University of Miami is USD 37621.
The Mathematical Finance at University of Miami has 3 semesters.
The submission of these scores mainly depends on the type of degree/ course selected at the University of Miami. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check University of Miami requirements before submitting a score.
Mathematical Finance can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
If a student fulfils all the eligibility criteria and admission requirements of University of Miami, they can easily pursue Mathematical Finance. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
An MS degree at University of Miami can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of Miami website to check the course/ degree duration.
One can apply for scholarships to pursue their international education at University of Miami by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.
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