Financial Mathematics

Advanced Skills for Hands-on Innovation

The Financial Mathematics Professional Master of Science program will equip you with the quantitative and technology skills, knowledge, and experience that investment management firms, insurance companies, hedge funds, and financial technology developers are looking for.

Launched in 2001, our program has an annual enrollment of about 30 students and provides a well-rounded and flexible program of study. You will gain a firm mathematical foundation in probability and random processes, extensive domain knowledge in quantitative finance from arbitrage theory to computational methods, and expertise in portfolio management from fixed income analysis to risk management. Your studies will be complemented by finance courses taken at the WPI School of Business and electives in data science, information technology, and computer science. You will apply your skills through intense project work and an internship drawn from real‐life problems at local financial firms.

Career Outlook

Benefiting from WPI's location at the center of the Boston‐Hartford financial corridor and focus on globalization, you will have many career options at your fingertips. Graduates have been particularly successful in three sectors of the financial industry:

  • New England asset management and insurance companies seeking employees with strong quantitative skills in portfolio management, fixed income analytics, and risk management.
  • U.S. and global financial companies seeking employees who can implement financial and risk management practices in the framework of emerging financial centers around the world.
  • Leading developers of financial technology products seeking analysts with strong mathematical, computational, and modeling skills in combination with a thorough understanding of the financial context.

Admission

Admission to the program follows the general admission process for graduate programs at WPI. A strong background in mathematics, which should include courses in real analysis, linear algebra, and differential equations, is assumed. The program also accommodates part‐time students who work in full‐time jobs in the industry, or who get hired before they could graduate.

Interested candidates can apply at Graduate Admissions. For particular information about this program and availability of fellowships, please contact us directly by email proMS@wpi.edu or by phone at +1-508-831-5241.

 
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In 2013 the Financial Mathematics program graduated our largest class yet, with 6 men and 11 women.