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Distinguished by its mathematically rigorous course content and direct applications to industry, WPI’s Professional Master’s in Financial Mathematics will prepare you for a successful career in the financial services industry.

Our MS financial mathematics program offers unique courses that bridge strong theoretical mathematical knowledge with practical, real-world projects, enabling you to gain industry-level experience in the classroom. Our master’s in financial mathematics also provides the opportunity to learn from and work alongside internationally renowned faculty members who are spurring advances in topics including portfolio optimization, liquidity, credit and systemic risk, and numerical methods of stochastic and partial differential equations.

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Curriculum for Master’s in Financial Mathematics

Through core financial mathematics masters courses, you’ll build a strong foundation in concepts and processes involved in arbitrage-based pricing of derivative securities and fixed income securities, based on a sound understanding of measure-theoretic probability theory and stochastic processes. You’ll also take advanced courses that give you in-depth knowledge and hands-on practice in computational methods in finance, portfolio management, and market and credit risk modeling.

You will complement your financial mathematics masters studies with courses in financial management, information technology, or computer science, as well as a professional skills development seminar and capstone experience involving a project, practicum, or advanced course.

Research for MS Financial Mathematics

Faculty Profiles

Faculty Profiles

Gu  Wang

Gu Wang

Assistant Professor

My research is in the field of Mathematical Finance, which aims at building probabilistic models that provide insights into the behavior of financial market participants, and developing the underlying mathematical theories. My work focuses on the optimal investment and consumption policies in various market settings.

I received my Ph.D. in Mathematics from Boston University in 2013, and spend the next two years in the University of Michigan at Ann Arbor as a Postdoctoral Assistant Professor, before joining WPI as a tenure track Assistant Professor.

Marcel Y. Blais

Marcel Y. Blais

Associate Teaching Professor

I teach many graduate courses in our Financial Mathematics Professional Master’s Program. I particularly love engaging graduate students in areas of financial mathematics; the material is exciting, cutting edge, and fun to apply and relate to current events and states of financial markets. At the undergraduate level, I teach upper-level optimization electives, as well as calculus courses. I enjoy teaching at this level, showing undergraduate students why the mathematics we study is important and relevant.

Stephan  Sturm

Stephan Sturm

Associate Professor-Mathematical Science

I am an applied mathematician specializing in the field of financial mathematics and engineering. Currently, I am most interested in problems involving modeling with stochastic volatility and the implied volatility surface. Another topic of my research interests lies in delegated portfolio optimization and the role played by incentive schemes paid to fund managers.

Zhongqiang  Zhang

Zhongqiang Zhang

Associate Professor-Mathematical Science

I enjoy teaching and I love interactions with students. In teaching, I teach students how I think and learn their views of my research fields. My current interest is to investigate numerically the propagation of noise using models of stochastic differential equations arising in various applications, especially in  fluid dynamics, biology, and finance.

Getting Involved

Gain a Foundation in Financial Technology With a Graduate Certificate

Are you looking to open the door to financial technology as you progress as a leader in the finance field? WPI’s financial technology graduate certificate will provide a solid technological business foundation to help professionals keep up with ever-evolving technology that guides financial solutions.

Interested in Mathematics, But Need to Earn Your Undergraduate Degree First?

If you’re a rising undergrad interested in mastering mathematical theory and applying it to real problems, a BS in actuarial mathematics or mathematical sciences may be in your wheelhouse. Our bachelor’s in actuarial mathematics will provide the business expertise, computer skills, and economics background needed to assess and solve financial problems. If you’re interested in problem solving as it relates to natural science, engineering, and business, a bachelor’s in mathematical sciences may be a more suitable fit. Maybe you already selected a major, but you have an interest in financial technology? Our minor in financial technology is a great fit for students who want to expand their knowledge of how technology and finance intersect as a basis for their career.