Financial Mathematics This is a Track

 Hide Hide preferences menu.

College : Sciences Degree :MS
Department : Mathematics Option : Nonthesis


The Financial Mathematics track in the Mathematical Science MS program prepares graduate students to pursue careers in the finance industry by providing them with high quality professional training in of mathematics applicable to finance.


The Financial Mathematics program consists of 30 credit hours of courses and internship. Students will work with an adviser to design a program of study, which will be presented to the program director for approval. If a student has an industrial sponsor, the student's program of study will be developed in consultation with a representative from the student's sponsoring company. Students are expected to obtain hands-on experience. The capstone requirement for this track is fulfilled by students completing an experiential learning requirement (3 credit hours). At least one-half of the program courses must be taken at the 6000 level.
Total Credit Hours Required:
30 Credit Hours Minimum beyond the Bachelor's Degree


The following courses are required as prerequisites to this track: Calculus with Analytic Geometry I, II, and III; Differential Equations; Linear and Matrix Algebra (or a course equivalent); proficiency in a computer language; Elementary Probability and Statistics. A summer program of two courses, which cannot be used as part of the program of study for this degree, is available for students who have deficiencies in these prerequisite areas.

Required Courses—21 Credit Hours

  • MAP 5XXX Differential Equations for Financial Mathematics (3 credit hours)
  • MAP 5XXX Computational Methods for Financial Mathematics I (3 credit hours)
  • MAP 5XXX Financial Mathematics I (3 credit hours)
  • MAP 5XXX Proseminar for Financial Mathematics (1 credit hours)
  • MAP 6XXX Financial Mathematics II (3 credit hours)
  • MAP 6XXX Computational Methods for Financial Mathematics II (3 credit hours)
  • MAP 6XXX Risk Management for Financial Mathematics (3 credit hours)
  • MAP 6XXX Seminar in Financial Mathematics (2 credit hours)

Restricted Electives—6 Credit Hours

Students take two of the following courses:

  • FIN 6406 Strategic Financial Management (3 credit hours)
  • FIN 6515 Analysis of Investment Opportunities (3 credit hours)
  • MAP 6207 Optimization Theory (3 credit hours)
  • STA 6857 Applied Time Series Analysis (3 credit hours)
  • STA 5703 Data Mining Methodology I (3 credit hours)
  • STA 5825 Stochastic Processes and Applied Probability Theory (3 Credit hours)

Experiential Requirement—3 Credit Hours

Students will demonstrate experience in the application of mathematics to industrial problems. This demonstration can be accomplished either through the satisfactory completion of an internship in financial mathematics (MAP 6946), or through satisfactory performance at an approved external/internal workshop in financial mathematics (MAP 6946). Students are required as part of the experiential requirement to deliver an oral presentation on the experience. Students are very strongly encouraged to fulfill this requirement through an internship experience.

Application Requirements

For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Admissions section of the Graduate Catalog. Applicants must apply online. All requested materials must be submitted by the established deadline.

In addition to the general UCF graduate application requirements, applicants to this program must provide:

  • One official transcript (in a sealed envelope) from each college/university attended.
  • Official, competitive GRE score taken within the last five years.
  • A working knowledge of undergraduate calculus, differential equations, linear algebra (or matrix theory), proficiency in a modern computer language, elementary probability and statistics.

Students who are not adequately prepared in one or more of the required prerequisite subject areas can make up such deficiencies through a summer remedial program. Such courses, unless specially approved, will not count toward the graduate degree. Applicants not qualified for regular status may be admitted initially to the university in a non-degree seeking status. Transfer of credits from other programs will be considered on a course-by-course basis.

Meeting minimum UCF admission criteria does not guarantee program admission. Final admission is based on evaluation of the applicant's abilities, past performance, recommendations, match of this program and faculty expertise to the applicant's career/academic goals, and the applicant's potential for completing the degree.

Application Deadlines

All application materials must be submitted by the appropriate deadline listed below.

Financial Mathematics *Fall Priority Fall Spring Summer
Domestic Applicants Jan 15Apr 30



International Applicants Jan 15Jan 15



International Transfer Applicants Jan 15Mar 1



*Applicants who plan to enroll full time in a degree program and who wish to be considered for university fellowships or assistantships should apply by the Fall Priority date.


Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.


Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student’s graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.