Article in Science Highlights WPI's Financial Mathematics Professional Master's Program

An article on professional science master’s (PSM) programs by Rita R. Colwell, former director of the National Science Foundation, in the current issue of Science magazine includes profiles of eight PSM programs, including WPI’s professional master’s in financial mathematics.

Colwell notes that PSM programs could be an important route to strengthening America’s global competitiveness by encouraging more students to continue on to graduate work in the natural sciences. PSMs, which are designed for students who are not interested in pursuing a PhD, “aim to engage students with professional goals and help them become scientists uniquely suited to the 21st century workplace….” Colwell writes.

WPI currently offers two PSM programs, the financial mathematics program highlighted in the article and a program in industrial mathematics. Both were created with support from the Alfred P. Sloan Foundation.

With a $500,000 grant in 2007, the Sloan Foundation funded the establishment of the National Professional Science Master's Association (NPSMA). Headquartered at WPI, the organization represents PSM programs across the country. Bogdan Vernescu, head of WPI’s Department of Mathematical Sciences, is president of NPSMA.

April 9, 2009

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