Finmath - Admissions

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 Explore different ways to to obtain Masters in Mathematical Finance 

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Degree Student- Full Time/ Part Time 

Good at Mathematics and Statistics? Computer Programming? Interested in a career in Quant Trading/Risk/Analytics? The Mathematical Fiance Master's Program is best suited you. Those who have a strong mathematical background are encouraged to apply.  Graduates are prepared for rewarding careers in investment banks, hedge funds, asset management companies, financial software and data companies, and insurance companies. 
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Accelerated BA/MS Degree

The accelerated degree program for the Master of Science (MS) in Mathematical Finance is intended for current Rutgers students who wish to earn the MS degree, following their undergraduate degree, with minimum additional time and expense. A full-time student can complete an undergraduate degree in four years and the MS in just one academic year (two regular semesters or 9 months)  
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Dual Degree Applicants

The Graduate School-New Brunswick allows students who are current graduate degree candidates at Rutgers to earn an additional Master of Science Degree in another field. Mathematical Finance Master's Program allow both PhD and MS candidates to pursue MSMF degree.
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Applicants for Certificates

 The Mathematical Finance Master's Program offers certification to the degree candidates in Data Science and Statistics & Risk Management.
For Rutgers graduate students, except for those enrolled in the traditional M.S. in Statistics program, they can earn a Certificate in Mathematical Finance ( not applicable to students who are pursuing MSMF degree). 
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Non-Degree Graduate Student

The Mathematical Finance Master's Program allows Non-degree students to take courses from the curriculum. This a great way to explore the program without getting accepted in the matriculated degree. In the future, if the applicant feels inclined  towards pursuing the MS degree they can apply to the program and get degree credits for the courses they took as a NOD.
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 Note: Non-Degree Graduate student option is only applicable to US citizens/ permanent residents.

Dual Degree Applicants

MSMF as a Second Degree for Current Rutgers Graduate Degree Students

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PhD Candidates

Students enrolled in a PhD program can remain coded in their current program until they complete their PhD degree, after which they must be recoded as students in the program,  Mathematical Finance Masters Program (16643).

MS Candidates

Students enrolled in a MS program can remain coded in their current graduate program until they complete their current MS degree or take 12 credits to be counted towards the Mathematical Finance Masters Program, whichever comes first: after this point, they must be recoded as students in the MSMF program (16643).  

 

Admission Procedure 

School of Graduate Studies -New Brunswick Degree Requirements

We advise students who are current graduate degree candidates at Rutgers and who wish to earn Master of Science in Mathematical Finance as a second degree to inform themselves of the applicable degree requirements described in the Graduate School-New Brunswick catalog and seek advice from the Graduate Program Director and individual advisor at their home graduate program, following the recommendations of the Graduate School-New Brunswick.

 

 

 

Admissions Resources

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Admission Process Prospective Students

The MSMF program is highly selective. The student body includes both recent college graduates and professionals who are seeking a career change or to enhance their technical skills. Students with strong mathematical quantitative skills from any undergraduate major are encouraged to apply. Applications are only accepted for the fall semester. Early submission is strongly recommended.

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Prerequisites FAQ

Taking Mathematical Finance Courses as a Non-Degree Graduate Student

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Students who wish to take graduate courses in our program (part-time or full-time) should apply to Rutgers as a non-degree ("non-matriculated") student in the School of Graduate Studies .

Please consult our Admissions page for advice on how to apply, assistance with special permission numbers, and which tuition rate applies, as this varies according to the courses selected: Graduate School–New Brunswick Standard or Mathematical Finance rate provided by Student Accounting Financial Services for the School of Graduate Studies.

Rutgers as a non-degree graduate student,  apply as a mathematical finance (16643) graduate student. 

 

Accelerated BA/MS Degree

Are you a Rutgers Undergrad Interested in Pursuing Masters in Mathematical Finance? 

Complete an undergraduate degree in four years and the MS in just one academic year, with minimum additional time and expense. With careful planning, best begun during the sophomore year. 

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Interested students are welcome at any time to seek the advice of the: 

  • Mathematical Finance Master's Program Director (finmath (at) math.rutgers.edu)

Students are encouraged to use Summer school, especially following the junior and senior years, to ensure their courses are completed on schedule. The Departments of Mathematics and Statistics offer most of the advanced prerequisite undergraduate courses during the Summer semesters, and some graduate courses (for example, Statistics 16:960:563 and 16:960:583). Summer school tuition rates are discounted from regular undergraduate tuition rates and some courses are offered during the evening.

 

Admission Process

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Required Application Materials 


 
 Additional Application Information  1307368  Application Status Check 

Official University Transcripts

Arrange for one official copy of your transcripts from all post-high school (post-secondary school) colleges or universities attended (including Rutgers) to be sent directly to the Office of Graduate Admissions. Transcripts received opened are not official and will not be used in the review process. If you are admitted, you will be asked to provide a final official transcript reflecting your completed degree.

Official, translated copies of all undergraduate and graduate transcripts must be sent to Rutgers Office of Graduate and Professional Admissions. Applicants are required to obtain an official evaluation of their foreign transcript through an accredited organization such as World Education Services (WES) or Globe Language Services. Transcripts must be certified for authenticity and for U.S. equivalency.


All test scores must be submitted directly by ETS to the Office of Graduate Admissions on request of the applicant. Self-reported test scores, including copies of ETS reports mailed to students, will not be used for evaluating an application for admission. Rutgers University (New Brunswick/Piscataway campus) Institution code: 2790. Rutgers does not utilize department codes. Enter "00" when asked for a department code.


TOFEL
International applicants whose first language is not English and who have not recently completed a degree requiring two or more years of study in an English-speaking country must take the TOEFL. A Minimum TOEFL score requirements are occasionally waived in exchange for a commitment from the applicant to take English as a Second Language (ESL) courses at Rutgers or prior to admission.
IELTS
Acceptable IELTS score is a band of 7 again broken into 4 categories but an average of 7 final score.


Letters of Recommendation
Applicants are required to submit three letters of recommendation. 
Current or former university instructors familiar with your academic performance in prerequisite courses should write your recommendations; letters from current employers or managers are rarely useful. Your recommendations should directly address your suitability for admission to the Mathematical Finance program, including your quantitative and analytic strengths and weaknesses, communication skills (in English), maturity and focus, and potential for future excellence. The most helpful letters give specific examples of the writer's direct observation of the applicant's accomplishments during class or office hours and avoid merely describing the applicant in positive but vague terms. Here is a  recommendation letter form (pdf), if you forget to request recommendation letters by email when completing the online application.


The Supplementary Form
The Supplementary Form allows our Admissions Committee to accurately assess whether or not you have the prerequisites (or equivalent courses) necessary to succeed in our program.

 Please see the instructions below to complete the from:

  • Please download the supplementary form and complete the form by filling the relevant and accurate information. 
  • Upload your completed Supplementary Form  (see below for instructions) at the Graduate Admissions Uploading Your Supporting Materials web page within three (3) days of submitting your main online application form and fee to the Office of Graduate Admissions.
  • Do not email the Supplementary Form to the Office of Graduate Admissions or the Mathematical Finance Program Office.

Personal Statement

Your personal statement should be concise, two (2) pages maximum, with one (1) page preferred. This is not an essay. Please explain in simple, plain language why you are interested in pursuing a degree in Mathematical Finance, describe any current or past employment or internship in the financial industry, what type of career you plan to pursue upon graduation, and how our degree program will help you achieve your career goals.


Resume
You must submit a resume (curriculum vitae), two (2) pages maximum, one (1) page preferred.


Prerequisites

Prospective students with any undergraduate major are welcome to apply if they will have completed the minimum prerequisites prior to entering the program, which include individual one-semester courses mentioned below

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    Advice for Prospective Applicants         

     Recommended Additional Courses      

 Optional Advanced Mathematics Courses

 


* Another course, such as Real Analysis (Advanced Calculus 01:640:311 (3) or Mathematical Analysis 01:640:411 (3)), Numerical Analysis (01:640:373 (3)), or Complex Variables (01:640:403 (3)) may be accepted, but a course on partial differential equations is preferred.

** Another course, such as Computing for Mathematics & Physical Sciences (MATLAB, Maple, Mathematica, Python, or Visual Basic) (01:198:107), may be accepted instead, but a course on computer programming with C, C++, Python or Java is preferred. For students who cannot take ECE 14:332:252 & 254 or CS 01:198:111 during the regular Fall or Spring semesters, our program accepts CSC-133 (Introduction to Computer Science with C++) offered in Summer School by Middlesex County College, Edison, NJ.

Frequently Asked Questions

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Select a frequently asked question from the categorizes listed below: