The program requires completion of ten (10) three-credit courses (6 required and 4 elective) taken in residence at Rutgers, as described in the table of courses, seminar in mathematical finance (2 semesters, 1/2 credit per semester), and a master's degree essay prior to graduation.
- Students may pursue the degree full-time (usually nine or more credits per semester) or part-time.
- The Graduate School-New Brunswick normally requires students to complete the degree within three (3) years, with a minimum of one (1) year for full-time students.
- Students are required to sign and follow a Code of Conduct which can be found in the Forms page.
- The minimum grade requirements for graduation are described in the Satisfactory Academic Progress, Probation, and Dismissal section of our policies page.
- Successful completion of 2 semesters of Math 630.
- Second semester and graduating students are required to meet with Sunita Jagtiani-Sanghvi to review a document career information form (17 KB) for career advisement and to complete a career placement survey.
Who Should Apply?
Our degree will be most valuable to those who wish to pursue a career in mathematical finance -- also known as financial engineering or quantitative finance -- in the investment banking and insurance industries.
Applications from prospective students with any undergraduate major are welcome to apply, provided they will have taken our prerequisite courses. If you have not taken all our prerequisites, please contact us for advice on how to complete them.
The master's degree will also be valuable for prospective students who have a PhD or who are candidates for a PhD in a scientific or technical field and who are considering careers in finance. Investment banks used to hire applicants with PhDs in mathematics or physics but with little or no financial training or experience. However, it is now difficult to obtain an entry-level associate position without industry experience or a master's degree in mathematical finance, despite many open positions.For more insight into the financial industry's interview process:
- Timothy Falcon Crack, Heard on the Street: Quantitative Questions from Wall Street Job Interviews, Timothy Crack Publishing, 2003
- Jennifer Voitle, Vault Guide to Advanced Finance & Quantitative Interviews, Vault, 2002
Our program welcomed its first class of incoming students in Fall 2006. Rutgers University has three graduation dates per year: January, May and October.
Here are the employment statistics for our graduates:
*100% of 2007 and 2008 graduates are employed;
*2009- all our graduates, except one, accepted employment offers;
*2010- 98% of our graduates are employed;
*2011- 89% of our students are employment;
*2012- 83.3 % of our May graduates found employment
2013- 95% of our graduates who responded to our survey have found employment.
*2014 - 100% of our students found employment;
*2015 - 97% of our students found employment
Firms who have hired our students include:
- Barclays Capital
- Bank of America
- Bank of New York Mellon
- Credit Suisse
- Deutsche Bank
- Ernst and Young
- Fidelity Investments
- Goldman Sachs
- JP Morgan Chase
- Merck & Co.
- Morgan Stanley
- Price Waterhouse Coopers
- Standard and Poor's
- State Street Associates
We have a network of industry contacts that helps our students find internships and jobs.
Unlike many other programs, our students receive individual support and guidance as we have both a full-time Director of Career Management Services (Larry Keating) and a full-time Program Administrator (Ana Mastrogiovanni).
* Graduates who do not respond to placement inquiries are not counted in our employment statistics.