Campuses:
Twin Cities campus
This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.
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Twin Cities Campus
Financial Mathematics M.F.M.School of Mathematics
College of Science and Engineering
Link to a list of faculty for this program.
Contact Information
127 Vincent Hall, 206 Church Street S.E., Minneapolis, MN 55455 (612-624-6391; fax: 612-624-6702)
Email:
mfmath@umn.edu
Website: http://www.math.umn.edu
Along with the program-specific requirements listed below, please read the
General Information section of
this
website for requirements that apply to all major fields.
The master of financial mathematics degree program helps students understand the underlying mathematics of quantitative finance. The program offers a range of courses, from theoretical to practical, including a mathematical course on stochastic processes, a practitioner's course offering hands-on application of financial software tools, and a programming course focusing on C# and MATLAB.
Courses are offered in the evenings to accommodate working professionals. The program is designed with the possibility for full-time students to complete all requirements in one year.
Program Delivery
Prerequisites for Admission
The preferred undergraduate GPA for admittance to the program
is 3.00.
A bachelor's degree from an accredited U.S. university or foreign equivalent.
Other requirements to be completed before admission:
At least one year of college freshman calculus with a grade of B or better.
International applicants must submit score(s) from one of the following tests:
Key to test
abbreviations
(TOEFL).
For an online application or for more information about graduate education admissions, see the
General Information section of this
website.
Program Requirements
Plan C: Plan C requires
30
major credits and
up to
credits outside the
major.
There is no final exam.
This program may not be completed with a minor.
Use of 4xxx courses towards program requirements is not permitted.
A minimum GPA of 2.80
is required for students to remain in good standing.
At least 1 semesters must be completed
before filing a Degree Program Form.
The M.F.M. requires 30 credits, consisting of four year-long course sequences. Each sequence has a fall term course and a spring term course, which must be taken in sequence. The course sequences are: FM 5011/5012 - Mathematical Background for Finance; FM 5021/5022 - Mathematical Theory Applied to Finance; FM 5031/5032 - A Practitioner's Course in Finance; and FM 5091/5092 - Computation, Algorithms, and Coding in Finance. In addition to the 30 required credits, students who either do not have a strong mathematics background or who need a refresher may be asked to take FM 5001/5002 - Preparation for Financial Mathematics.
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