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Master of Science in Applied Mathematics - Mathematical Finance (STEM)

Study Group - DePaul University

USA,Illinois

0 Shortlist

24 Months

Duration

CAD 19,464/year

Tuition Fee

CAD 75

Application Fee

Mar 2025

Apply Date

USA, Illinois

Type: University

Location Type: Urban

Founded: 1898

Total Students: 23,799 +

Campus Detail

Main Campus Address

2400 N Sheffield Ave, Chicago, IL 60614, United States

Overview
Key Facts
Fees & Funding
Admission Requirements
Scholarships
Student Visa
Work Permit

Master of Science in Applied Mathematics - Mathematical Finance (STEM)

Program Overview

The tools and methods of Applied Mathematics are in demand wherever quantitative analysis is used for strategic decision-making. The MS in Applied Mathematics gives you the expertise you need to use those tools and methods in business, industry or government.

Mathematical Finance Concentration
The Mathematical Finance concentration is a track for mathematically-inclined students who would like to pursue a quantitative career in Finance. The coursework focuses on the theoretical foundations of Finance as well as the concrete application of financial modeling, using sophisticated tools and techniques such as stochastic differential equations, copulas and extreme value theory. Students completing this concentration will be well-equipped to work as quantitative analysts.

Detailed Program Facts

Program Level

Master's Degree

Application Processing Days

17 Days

Program Intensity

Full-Time

Duration of Program

24 Months

Program Intakes

Intake Month/Year		Intake Status
jan 2025		Closed
jun 2024		Closed
sep 2024		Closed
mar 2025		Open
sep 2025		Open
jun 2025		Open

Application Fee

Application Fee: CAD 75

Tuition Fee

CAD 19,464 per year

*Note: The fee is approximate and is subject to change

Living Cost in Study Group - DePaul University

CAD 12,000 per year

*Note: The fee is approximate and is subject to change

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Check program website for more information about funding options.

English Test Requirements

IELTS
- Minimum Overall Score - 6.5
TOEFL
- Minimum Overall Score - 80 - 17 - With no score less than
DUOLINGO
- Minimum Overall Score - 115.0

Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor's Degree.

Minimum CGPA Required: 70.00 %

Additional Information

Scholarships

University	Level	Program	Initial Scholarship Amount	Years 2-4 Scholarship
DePaul University	Undergraduate	Direct Admit	$15,000 to $24,000	$15,000 to $24,000
	Graduate	Direct Admit: College of Computing & Digital Media	For Fall 2024: CDM Presidential Scholarship of $6,000 to $9,000 over 6 consecutive terms for computing related degrees	N/A
		Direct Admit: Kellstadt Graduate School of Business	2.0 to 2.69 GPA: $500 per course (up to 12 courses) Total scholarship up to $6,000 2.7 and above GPA: $650 per course (up to 12 courses) Total scholarship up to $7,800	N/A
		Direct Admit: College of Liberal Arts and Sciences & College of Science and Health	Graduate Presidential Scholarship: $12,000 for any of the following programs: Applied Mathematics MS, Applied Statistics MS, Chemistry MS, Environmental Science MS, and Sustainable Urban Development MA. (details)	N/A

Work Permit

PGWP

Optional Practical Training or OPT is a period during which students, who have completed their degrees in the USA, are permitted to work for one year on a student visa by the United States Citizenship and Immigration Services (USCIS). OPT allows students to work for up to 3 years and develop real-world skills to survive in the competitive jobs market.

It is temporary employment for a period of 12-months that is directly related to the major area of study of an F-1 student. Eligible students have the option to apply for OPT employment authorization before completing their academic studies and/or after completing their academic studies.

A student can participate in three types of Optional Practical Training (OPT):

Pre-Completion OPT: This is temporary employment provided to F-1 students before completion of their course of study.
Post-Completion OPT: This is temporary employment available to F-1 students after completing their course of study.
24 Month STEM Extension: Students enrolled in STEM (Science, Technology, Engineering, and Mathematics) courses can a 24-month extension after their initial Post-Completion OPT authorization.