What will I learn?

Modern financial industry is one of the largest and most sophisticated institutions in the world. It demands graduates with diverse quantitatively oriented skills who possess deep knowledge of mathematics, statistics, statistical and computational techniques, complemented by background in economics, finance, and public policy.

UCSB's curriculum leading to the Bachelor of Science (BS) in Financial Mathematics and Statistics is one of few such programs in the nation and unique to the West Coast. It is offered jointly by the Department of Statistics and Applied Probability and the Department of Mathematics, in cooperation with the Department of Economics. This demanding major is intended for students interested in the role that mathematics, probability and statistics play in pricing and hedging securities in the financial markets.

Students graduating in Financial Mathematics and Statistics have open to them a wide range of career choices including commercial banking, corporate finance, financial planning, investment banking, money management, and real estate or pursue. This program is also an excellent choice for students who wish to continue their education with graduate study.

Degree Requirements

This major is intended for students who are interested in the applications of mathematics, probability, statistics and modern finance. To be admitted to this demanding major, students must complete all pre-major courses with a 2.5 or higher grade-point average. Computer Science 10 or 5 (any section) is excluded as part of the pre-major grade-point average computation. Entrance into the pre-major does not guarantee admission into full major status. Upon satisfactory completion of pre-major requirements, students may submit a Change of Major petition to be accepted into full major status.

The following requirement guidelines are for students transferring to UCSB:

  • If a student transferring to UCSB has two or more mathematical finance pre-major courses to complete at UCSB, the student must complete these courses with a GPA of 2.5.
  • If a student transferring to UCSB has only one pre-major course to complete at UCSB, the student must complete this course with a minimum grade of C+ and complete one upper-division major course required for the major with a minimum grade of C.
  • If a student transferring to UCSB has completed all the pre-major courses, the student must complete two upper-division courses required for the major with a minimum grade of C in each course.

All students must meet with a faculty advisor to discuss career opportunities and upper-division course electives. Admission to the major will be granted only after this meeting has been documented on advising form available in the Department of Mathematics. (For this purpose, any tenure track faculty member in the Departments of Mathematics and Statistics and Applied Probability may act as the faculty advisor.) Student records will be housed in both departments. The Staff Undergraduate Advisors will develop a system to insure both offices have copies of all student records.

Which department am I in?

College of Letters and Science

Study options

Full Time (Minimum of 180 quarter units)

Tuition fees
US$29,754.00 per year
Start date

Expected October 2021


College of Letters and Science

2217 Cheadle Hall, MC 2080,

University of California, Santa Barbara,



93106, United States

Entry requirements

For international students

You are considered a freshman applicant if you have completed secondary school and have not enrolled at any college or university.

English Language Proficiency

The minimum accepted score for admission consideration for the TOEFL is 80 or better on the Internet-based test and 550 or better on the paper-based test.

The minimum accepted score for the IELTS is 6.5 or better band score (academic modules).

*There may be different IELTS requirements depending on your chosen course.