What will I learn?

The MA program in Mathematics of Finance is designed for students who want to work in areas of quantitative finance such as quantitative portfolio management, quantitative trading, risk management, derivatives modeling, structuring and trading, and other related quantitative fields.

In conjunction with the Department of Statistics, the Department of Mathematics offers an M.A. in Mathematics with a specialization in the Mathematics of Finance. The program concentrates on the advanced quantitative methods required for modern finance and draws on the diverse strengths of Columbia in stochastic processes, numerical methods and application to finance. The program consists of ten courses, of which six are required and four are electives. Topics covered include probability and random processes, statistics, partial differential equations, financial markets and instruments, valuation and hedging techniques, and computational and simulation methods. All required courses are available in the evenings. In addition to the regular course work, students attend a weekly seminar in which distinguished practitioners discuss their research, give mini-courses and suggest open problems.

Which department am I in?

Graduate School of Arts and Sciences

Study options

Full Time (Two or three semesters)

Tuition fees
US$73,344.00 per year
USD $36,672 Per Semester
Start date

Expected September 2022

Venue

Columbia University

116th Street, 2960 Broadway,

New York,

10027, United States

Entry requirements

For students from United States

Other English Language Requirements:  The minimum TOEFL score expected is 600 (written) or 250 (computer version).

For international students

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

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

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