Mathematical Finance
Department:
Applied MathematicsStuart School of Business
College:
College of Science and LettersDegrees:
- Master of Mathematical Finance
Description:
The Master of Mathematical Finance is an interprofessional program offered by the Department of Applied Mathematics in conjunction with IIT's Stuart School of Business. The curriculum integrates applied and computational mathematics, statistics, and financial applications. You will learn the theoretical background for pricing derivatives and for managing assets, and you will also achieve a practical understanding of the underlying assumptions and an ability to critically ascertain the applicability and limitations of the various models.The program will prepare you for a career as a financial professional with exceptional quantitative skills drawn from historically distinct areas, including probability and stochastic processes, numerical methods, optimization, simulation, statistics and financial economics.
Specializations:
Applied Mathematics, Stuart School of Business Certificate Programs:
Distance Learning:
Not offeredDual Degrees / Joint Degrees:
- Master of Mathematical Finance (with Stuart School of Business)
Research Facilities:
The department provides students with office space equipped with computers and full access to the university's computer and library resources. The department also has a 16-node Beowulf cluster for research purposes.Research Areas:
Admission Requirements:
Cumulative undergraduate GPA minimum: 3.0/4.0
GRE score minimum: 1200 (quantitative + verbal), 2.5 (analytical writing)
TOEFL score minimum (if required): 550/213/80 (paper-based/computer-based/Internet-based test)
How to apply:
Stuart School of BusinessThe material on these web pages contains the most current program offerings and requirements, and is intended for informational purposes only. Program offerings and requirements change from time to time, and these web pages are changed accordingly. The requirements applicable to a particular student's program are those set forth in the official Graduate Bulletin that was in effect the year the student began his or her graduate program. Therefore, to find the official program requirements applicable to his or her program, a student must consult the Graduate Bulletin from that year.
