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The Master of Arts program in Mathematics of Finance prepares students for careers in quantitative finance, including roles in quantitative portfolio management, trading, risk analysis, derivatives modeling, structuring, and other quantitative financial disciplines. Offered jointly by the Mathematics and Statistics Departments, this specialized MA program focuses on cutting-edge quantitative techniques essential for contemporary finance, leveraging Columbia University's expertise in stochastic processes, numerical methods, and financial applications. The curriculum includes ten courses - six mandatory and four elective - covering subjects like probability theory, stochastic processes, statistical methods, partial differential equations, financial markets, valuation strategies, hedging approaches, and computational simulation techniques. Evening classes are available for all core requirements. Beyond coursework, students participate in weekly seminars featuring industry experts who present research findings, conduct specialized workshops, and propose challenging problems for exploration.
Applicant must have the equivalent of the U.S. baccalaureate degree with a superior examination record and can understand rapid idiomatic English and can speak, write and read English with a high degree of facility are eligible for admission.
Applicant must have TOEFL score of 600 on paper-and-pencil test, 100 on the internet-based test and IELTS score of 7.5