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master

Degree

Master of Financial Mathematics (Course-Based)

master

Degree

Master of Financial Mathematics (Course-Based)

Quick facts

  • Tuition

    $34,089 CAD

  • Application fee

    $110 CAD

  • Duration

    1 year

  • PGWP

    1 year

  • Min GPA

    75 out of 100

Deadlines

Term start & deadline Deadline
Fall-September 01-February-2022 2022-02-01

Overview

Master of Financial Mathematics

Financial mathematics applies methods of mathematics, statistics, computational science and economics to core problems arising in financial institutions. 

Its scope ranges from traditional problems such as securities valuation and portfolio optimization to current issues such as risk management and high frequency trading.

The Master of Financial Mathematics (also called M-Phimac) is an intensive one year graduate program. 

Eight months of coursework taught by recognized experts emphasize the development of both strong technical foundations and professional knowledge, with the goal to understand the applications of advanced mathematics to finance and investments. 

Estimate your cost

Residency
Count of person

$41,864

Total costs

yearly

Details


Cost of living 1 person $6,528
Accommodation 1 bed room $7,775
Tuition 1 person $34,089

Hourly wage

Min wage

15.50 CAD / 1 hour

in Canada every student can work 20 hour per week

Required documents

  • Two Letters of Recommendation.
  • Transcripts.
  • Statement of interest.
  • Proof of English
  • Visa and Passport

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
5.5
listening
5.5
writing
5.5
speaking
5.5
reading

TOEFL

92
-
listening
-
writing
-
speaking
-
reading

PTE

63
-
listening
-
writing
-
speaking
-
reading

Cambridge

-
listening
-
writing
-
speaking
-
reading

Academic background and requirement

  • B+ (B- for Engineering) minimum average, based on a full year equivalent of final year courses (3rd/4th level) relevant to the program.

Career opportunities

  • investment banks.
  • hedge funds.
  • commercial banks.
  • insurance companies.
  • management consultancies.
  • financial software and information providers.

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