Storrs,
CT,
United States
Type
Public
Degrees offered
Bachelor's Degree
MSc in Applied Financial Mathematics - Actuarial Science in Storrs United States | University of Connecticut
University of Connecticut
|
Storrs United States
Visit institution website
for more information
Qualification
Masters Degree
Languages
English
Delivery Mode
On-Campus
Tuition (2025)
USD
40,746
Attendance
Full-time
Full-time Duration
18 months
The University of Connecticut's Professional Master's in Applied Financial Mathematics equips graduates with analytical skills for diverse roles throughout the financial sector, including investment banking, private equity, asset management, consulting, insurance, commercial banking, and brokerage services. This program combines financial theory, investment strategies, and risk assessment with advanced mathematical modeling and problem-solving approaches, while also developing the communication abilities needed in corporate settings.
A distinctive feature is the mandatory 6-credit Practicum requirement, which includes internship opportunities through the Goldenson Center for Actuarial Research. Established in 2008, the Center has consistently partnered with graduate students on practical industry research initiatives. These real-world projects have historically enhanced graduates' employment prospects, including securing H1b visa sponsorship for international students.
Ideal candidates possess strong undergraduate performance in mathematics, statistics, physics, engineering, quantitative economics, or similar quantitative disciplines, with aspirations to apply their mathematical expertise to financial problem-solving. While business or finance experience isn't required, a solid mathematical foundation is crucial. Applicants should have completed coursework covering differential, integral, and multivariable calculus, differential equations, linear algebra, and probability/statistics (with calculus prerequisites). Up to one missing course may be completed after enrollment.
Beyond standard Graduate School admission criteria, the program requires a personal statement and three recommendation letters (preferably from mathematics professors). Admitted students typically demonstrate approximately a 3.5/4.0 GPA in quantitative undergraduate coursework.
Destination of Study
Subjects of Study
Language Requirements
English
IELTS 6.5
Qualification Requirements
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
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
Tuition
USD
40,746