The MSMF program consists of a combination of core and elective courses, a practical training experience within the first year and a master’s degree essay prior to graduation.
The curriculum is highly interdisciplinary and is frequently updated to meet the changing needs of the financial industry. Courses are taught by an outstanding team of faculty members and expert industry practitioners.
Our degree program, integrates theoretical foundations with practical applications to quantitative finance. Core courses are offered by the departments of Mathematics, Statistics, and Electrical and Computer Engineering; electives are offered by these departments, the Business School, and the departments of Computer Science, Economics, Systems Engineering, and Operations Research.
Students may pursue the program full or part time, and courses are offered in the evening to accommodate students who work during day at internships or full-time positions.
Excellent descriptions of mathematical finance and the careers and opportunities available to students are provided by The International Association of Financial Engineers and the Courant Institute for Mathematical Sciences.
Graduate school surveys by US News & World Report and the National Research Council rank the graduate programs of the Departments of Mathematics among the top 25 in the United States. The research expertise of the Mathematical Finance faculty includes financial modeling, numerical analysis, partial differential equations, probability theory, stochastic processes, and statistical analysis. Our program is shaped by the practical experience of the faculty at quantitative finance research groups at leading investment banks and hedge funds and by their contacts with the financial industry. Admission is competitive, with a limited number of applicants admitted each year.
Location close to New York and New Jersey
Financial Industry New York is the center of the global finance industry. This gives our program – and our students – tremendous advantages. The program is attractive to many part-time students already working in the industry, who find a special synergy between their academic and workplace activities. For full-time students, our location close to New York and financial centers in New Jersey facilitates the process of interviewing for summer internships and long-term placement. The New Brunswick/Piscataway campus is approximately 40-60 minutes from midtown Manhattan via express or local commuter rail or coach.
Advanced Trading magazine has ranked the Rutgers University Mathematical Finance Master's program in 2008 and 2012 as among the top 10 in North America. In addition, the Financial Engineer ranks Rutgers' program #15 out of 41 programs nationwide. Quant Net ranked the Rutgers MSMF program at 18th in the nation in 2015.