University of Toronto - School of Graduate Studies

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Mathematical Finance (MMF)

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Program Information

School:University of Toronto - School of Graduate Studies
Faculty:School of Graduate Studies
Field of Study:Applied Mathematics, Other
Financial Mathematics
Description:In the MMF program, students reshape their existing analytical abilities with the help of senior academics in mathematics, computer science, statistics, and engineering who have experience with the tools of mathematical finance. This cross-disciplinary approach develops graduates with a richer, more innovative approach to applied mathematics in real-world situations. Some of the faculty are seasoned practitioners from the financial industry while others are from leading firms in the financial software industry, developing applications around requirements like risk management, portfolio analysis, and the pricing of advanced derivatives.

The heart of the program is the four-month internship or campus project. Working on real financial projects, students learn to integrate and apply theoretical knowledge gained earlier in the program. In the internship, students team with employees of the sponsoring firm to experience how financial mathematics impacts the decision-making processes of a financial services organization.
URL:Mathematical Finance (MMF) at University of Toronto - School of Graduate Studies
Length:1 Year(s)
Cost per year:*
National: $6,960

Cost per year is for the 2017-2018 academic year.

Admission Requirements

Test Scores:
  • Test of English as a Foreign Language (Internet Based) [min. 93] or Test of English as a Foreign Language (Paper Based) [min. 580] or Michigan English Language Assessment Battery [min. 85] or International English Language Testing System (academic or immigration) [min. 7]
Additional Admission Requirements:
  • Letter(s) of Reference
  • Statement of Research Interests
Applicants must have an appropriate bachelor's degree in a quantitative, technical discipline with a minimum of a mid-B standing in the final two years. ​​Applicants must also show evidence of strong mathematical ability. Appropriate workplace experience will be considered in lieu of formal education. Admission to the program is competitive. Those accepted into the program will normally have achieved a standing considerably higher than the minimum mid-B standing or have demonstrated exceptional ability through appropriate workplace experience. Applicants must satisfy the Admissions Committee of their ability to do rigorous quantitative analysis at an advanced level. The broad background required for this program makes it likely that many strong applicants will not possess all the background requirements. It is expected that applicants will have extra depth in certain areas and need to do additional work in others. Admission may be conditional upon the applicant's satisfactory completion of the required background material.

* We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

Modified on November 24, 2017