Applied Mathematics (B.S.)/Mathematical Finance (M.A.S.)
Simultaneously earn a Bachelor of Science in Applied Mathematics and a Master of Mathematical Finance in as few as five years to prepare for a career as a quantitative analyst, saving time and tuition costs.
The Master of Mathematical Finance program at Illinois Tech is a professional, non-thesis interdisciplinary program offered jointly by the Department of Applied Mathematics in the College of Science and Stuart School of Business, providing an advanced education in theoretical, computational, and business aspects of quantitative methodologies relevant to the financial industry—essential skills in pursuing a career in financial risk management.
This accelerated master's program offers an ideal balance of theoretical knowledge and practical application. After building a solid foundation in mathematics and mathematical finance, you will be immersed in the quantitative principles of valuation and hedging of financial securities. The quantitative core is based on the theory of stochastic process and stochastic calculus and mathematical and computational finance, as well as advanced numerical and simulation methods.
Lying at the intersection of Chicago’s diverse economy and a thriving science and technology community, Illinois Tech’s mathematical finance program can offer research and internship experiences, as well as future employment opportunities, enriched by the resources available in Chicago.
This accelerated master's program offers an ideal balance of theoretical knowledge and practical application. The quantitative core is based on the theory of stochastic process and stochastic calculus and mathematical and computational finance, as well as advanced numerical and simulation methods.
Alumni of the mathematical finance program are employed by CME Group, Citigroup, Discover Financial Services, Envestnet, Goldman Sachs, Intercontinental Exchange, JPMorgan Chase & Co., Morgan Stanley, OCC, PrivateMetrics Group, and Quantitative Risk Management, Inc. (QRM), in roles such as:
- Actuarial analyst
- Chartered accountant
- Investment analyst
- Quantitative analyst
Students in the Bachelor of Science in Applied Mathematics program may apply for admission to the accelerated master's program for mathematical finance after their second year, fourth semester, or 80 credit hours (including transfer credit) of undergraduate study.
An overall GPA of at least 3.0 and a GPA of at least 3.25 in math are required for admission to the accelerated master's program.