About the course

Demand for people who can apply mathematical skills in business and financial environments is growing rapidly, but a typical undergraduate mathematics degree may not adequately prepare a student to work effectively in a business environment. The University of Connecticut?s Professional Master?s in Applied Financial Mathematics prepares a graduate for work in an analytic capacity across a wide spectrum of the financial services industry ? investment banks, private equity, hedge funds, mutual funds, consulting firms, investment firms, insurance companies, commercial banks, brokerage houses and other corporations. The program emphasizes finance, investing, and risk-management together with rigorous mathematical modeling and analytical techniques applied to problem-solving in those areas and communications skills required to be effective in a corporate environment.

　　A unique component of the program is that students must complete at least 6 credits of Practicum courses, including internship options with the Goldenson Center for Actuarial Research. Since its inception in 2008, the Goldenson Center has had a successful track record of working with teams of graduate students on applied research projects with industry. Such project experience has helped Actuarial MS graduates in the past to secure employment as well as H1b visa sponsorship.

　　Students do well in this program if they enter with a high GPA bachelor?s degree in mathematics, statistics, physics, engineering, quantitative economics, or other related fields and want a career applying their already strong mathematics skills and knowledge to the understanding and solution of problems involving finance, investing, and risk. No prior knowledge of business, finance or investing is required but the mathematics background is essential. We expect applicants to have completed undergraduate coursework in differential calculus, integral calculus, multivariable calculus, differential equations, linear algebra and mathematical probability/statistics (taught in a calculus framework). If one of these is missing it can be made up upon enrollment, but usually an applicant?s background should be missing no more than one of these. Scholarships - View all scholarships Internships

　　

Start dates and prices

Course fees are indicative and should be used as a guide. Speak to a counsellor to get an accurate price.

　　Duration: 3 Semester(s)Fees: US$61,119

Intake	Location
Spring (January), 2024	Storrs
Fall (September), 2024	Storrs
Spring (January), 2025	Storrs
Fall (September), 2025	Storrs
Spring (January), 2026	Storrs

　　

How to apply

Entry requirements for University of Connecticut

A sound undergraduate program in mathematics is required for entrance into any of our programs. All applicants are strongly urged to take the GRE General Test, and all Ph.D. applicants are strongly urged to take the GRE Subject Test. (The GRE code is 3915.) Failure to submit GRE scores will put the applicant at a disadvantage in the admissions process, and at a severe disadvantage in the decision process for a teaching assistantship.

　　Three recommendation letters are required.

　　All international students must submit a TOEFL or IELTS score. Further information for international graduate students is available below.

　　To be considered for admission by the Graduate School, an international student who has not graduated from an English speaking university must take the TOEFL iBT and achieve a score of at least 79 or take the IELTS and achieve a score of at least 6.5.

　　550 ( Old Paper-based test – PBT)

　　If a student was awarded funding in one program and transfers to another program, the funding may be terminated.

　　You must hold a baccalaureate degree or its equivalent from a regionally accredited college or university.

　　Your transcripts must show that you have met the following criteria:

　　A cumulative grade-point average of 3.0 for your entire undergraduate career or

　　A grade-point average of at least 3.0 for your last two undergraduate years or

　　Exceptional work in your entire final undergraduate year (3.5 or better)

　　Graduate work with a minimum grade-point average of 3.0 or better even if the undergraduate grade-point average meets the above crite

　　

English language requirements

　　6.5

　　Overall IELTS band score

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　　About IELTS

　　Practice and prepare

　　TOEFL Internet based overall score: 79.0

　　

Application deadline:

This date isn’t available – speak to an IDP counsellor to get detailed information.

　　

Further information

Career outcomesIf you aren’t eligible for the above entry requirements, you might want to explore pathway options at University of Connecticut. If you want to find out more, please speak to our counsellors.

　　Pathway options to study at this institution

　　

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