University of Michigan-Ann Arbor campus

Engineering

MS Quantitative Finance and Risk Management at University of Michigan-Ann Arbor

University of Michigan-Ann Arbor, United States

Programme overview

The MS in Quantitative Finance and Risk Management is an interdisciplinary 36-credit degree overseen jointly by the Departments of Mathematics and Statistics. It focuses on advanced mathematical and statistical methods to prepare graduates as quantitative analysts, financial engineers, risk managers, traders and developers. There is a 3-term path for bachelor's holders and an Accelerated Master's Degree Program for current U-M undergraduates.

Faculty: College of Literature, Science, and the Arts  |  Department: Department of Mathematics and Department of Statistics  |  Duration: 36 credits; 3 terms for bachelor's degree holders  |  Intake: Fall only; application deadline February 1, 2027  |  Study mode: full-time  |  Location: Ann Arbor, MI, United States

What you will study

The core curriculum has four sequences (eight classes, 24 credits), including Math 573-574 Advanced Financial Mathematics I and II, with courses such as Math 526, STATS 500 and STATS 509 in the plan, plus at least 12 credits of approved electives. Graduation requires 36 credits with C- or better in coursework and a 3.0 cumulative GPA.

Career pathways

Quantitative analysts, financial engineers, risk managers, traders, developers and other financial industry roles.

Official programme page

Application information

Entry requirements

Applications go through Rackham for fall entry by February 1, 2027, with first-round decisions in mid-March. Applicants come from mathematics, statistics, physics, engineering, computer science and economics. Recommended coursework: advanced calculus, linear algebra, probability, ordinary and partial differential equations, analysis, and programming (Python, MATLAB, C++); financial mathematics and finance are also valued. The GRE General Test is required except for current U-M math majors applying to the AMDP. No minimum GPA is set. Applicants required to submit English scores should have a TOEFL of 95 (IELTS 7); Rackham will not admit applicants below 84 TOEFL.

Intake: Fall only; application deadline February 1, 2027

Duration: 36 credits; 3 terms for bachelor's degree holders

Apply through the official page: https://rackham.umich.edu/admissions/applying/

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Engineering

AM Higher Education

University of Michigan-Ann Arbor, United States

Degree
Master's
Next intake
Fall (August) deadline December 15; Winter (January) for part-time U-M employees, deadline October 1

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