Master of Science in Mathematical Finance

The financial industry is vast, and so is the need for specialized quantitative professionals with a practical understanding of mathematics and financial instruments who are prepared to work with real-life data, analyze and model, and embark on a challenging and well-rewarded career.

The University of Miami’s Master of Science in Mathematical Finance (MSMF)

Offered by the University of Miami (UM) College of Arts & Sciences, the MSMF degree positions you for advancement in the field of quantitative and computational finance. It opens career opportunities in:

• Investment and corporate banks;
• Financial data providers and software companies;
• Asset management firms;
• Brokerage firms and stock exchanges;
• Insurance companies;
• Credit rating agencies;
• Treasury and finance departments of major corporations.

UM’s MSMF can be completed in 3 semesters or less than 18 months.
The courses you will take cover a broad array of topics and prepare you for success in the worlds of finance, risk management, and financial computing. Our top rated faculty, together with our Advisory Board made up of senior professionals from the industry, bring expertise from various segments of the financial community and ensure the curriculum is effective for today’s financial landscape.

Fast Facts

  • • Begin in August (2017 fall semester) for a total of 3 semesters (fall 2017, spring 2018 and fall 2018)
  • • 34-credit degree
  • • Completion time: 16 months
  • • Scholarships are available for qualified applicants
  • • DEADLINE TO APPLY: March 15, 2017 (accepting applications starting November 1, 2016)

UM’s MSMF Graduates Career Directions  

Quantitative analysts ("quants") are employed across the financial industry.  Some of the positions you may occupy upon graduation include: 

• Front office/ trading desk quant
• Research quant
• Quantitative software developer
• Statistical arbitrage analyst
• Capital quant
• Quantitative portfolio manager

Benefits of the MSMF at UM

Ranked as a top 50 national university 6 years in a row, U.S. News & World Report, 2015. Ranked 1st in Florida, U.S. News & World Report, 2015.

Graduating in 3 semesters keeps the program focused and fast-paced, while still giving you an opportunity to customize your degree with a wide selection of elective courses.

Courses are taught by expert faculty from UM’s Mathematics, Computer Science and Finance departments. Click for details +

Our MSMF Advisory Board members are high-level leaders in the financial industry. You will be connected to the industry practitioners who ensure your curriculum is up-to-date and relevant. Click for details +

Core Course Descriptions

Admissions Process

Tuition and scholarships available

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"A successful quant is one with three main weapons: programming fluency, ability to understand mathematical models and a feel for the data. One can build a fulfilling career just by being strong in one of these areas, and our program will aim to make you good in all three."
- Dr. Alexander Dvorsky, MSMF Program Director

"Mathematical models increasingly drive the future of global financial markets. University of Miami, with its location in metropolitan South Florida, is perfectly positioned to teach the requisite quantitative skills."
- Rao Parlapalli, MSMF Advisory Board Member (AlphaCrest Capital Management)