Admission Process

checklist 2077018 960 720

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.

GREs Preferred. Applicants maybe admitted without submitting GRE scores, however, GRE scores are STRONGLY RECOMMENDED. (ETS sends directly to Rutgers). We do not accept any other test scores (such as the GMAT) in place of the GRE. The test may be taken no more than five (5) years prior to the application deadline.
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.
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 consult the example below for guidance if course subject titles on your university transcript do not closely match those on the Supplementary Form (xls).
  • Please refer to our prerequisites for information about which courses we require or recommend applicants take prior to entering our program.
  • Upload your completed Supplementary Form and Prerequisite Course Description Document (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 or Prerequisite Course Description Document to the Office of Graduate Admissions or the Mathematical Finance Program Office.

Prerequisite Course Description Document
Please create and submit a Prerequisite Course Description List (a plain text or Microsoft Word-compatible document) if

  • Your undergraduate major or minor is not mathematics, or
  • Your undergraduate degree is not from an institution in the United States or Canada

You may create the document with any plain text or Microsoft Word-compatible editor, including OpenOffice Writer (free download) on Windows/Mac/Linux. Please include your full name, RUID number, and email address at the top of the document to ensure it will be correctly filed with the rest of your application. For each one of our prerequisite courses which you have taken or will take before graduation at your current university, your Prerequisite Course Description Document must include the

  1. Course title,
  2. Course abstract (summary or description) or course syllabus from your university catalog or instructor,
  3. Primary course textbook title and author, and
  4. Course final letter grade (or percentage mark).

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.

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