University of Michigan M.S. Mathematics - Quantitative Finance & Risk Management Fees, Eligibility, Admission & Deadlines

Ann Arbor, MichiganLocation
UniversitySchool type
Estd1817established year
46002enrollment
Public
Ann Arborcampus
8.5/10

Master of Science [M.S] (Mathematics - Quantitative Finance & Risk Management)

18 months
Full Time
On Campus

$60,152 /Yr


Important Alert

  • Application Deadline for Fall 2026 Intake - Feb 1, 2026

Tuition Fees

Year1st Year Fees
Tuition Fees$60152

Other Expenses

HeadAvg Cost Per Year
Living Expenses$19826
Health Insurance$436

Per Credit Cost: $3,341

Previous Year Tuition Fees

Year1st Year Fees
2023$52456
2022$26542
2021$23339

Important Dates

EventApplication Date
Application Deadline for Fall 2026 Intake Feb 1, 2026
Documents submission Deadline Feb 8, 2026
Deposit Deadline for Fall 2026 Intake Apr 15, 2026

The M.S. in Mathematics - Quantitative Finance & Risk Management program at the University of Michigan is a 1.5-year program. The tuition fee for 2025 is $60,152. The Application Deadline for this program is 1st February 2026(Tentative). Students must deposit a non-refundable deposit of $5,000. Students are eligible for a Merit-Based Scholarship of up to $10,000.

The M.S. in Mathematics - Quantitative Finance & Risk Management program at University of Michigan consists of the following modules:

Year Core Modules Elective Modules (Selections Vary)
Year 1 & 2
  • Numerical Methods with Financial Applications
  • Discrete State Stochastic Processes
  • Advanced Financial Mathematics I
  • Applied Statistics I / Statistical Learning I: Regression
  • Advanced Financial Mathematics II
  • Stochastic Analysis of Finance
  • Statistical Analysis of Financial Data
  • Computational Finance
  • Mathematical Methods for Algorithmic Trading

-


Eligibility & Entry Requirement

School

College of Literature, Science & the Arts

Academic Requirement

A Bachelor's degree in a related field or equivalent.

English Language Requirements

  • TOEFL(iBT) Minimum Score of 95
  • IELTS Minimum Score of 7.0

Application link

Application Link

Total Credits

36

Course Duration 

1.5 Years

Application Fee

$90

Documents Required

  • Online application
  • Application fee
  • Transcripts
  • English language Proficiency score
  • Copy of Passport
  • Three Letters of Recommendation
  • Statement of Purpose 
  • Personal Statement 
  • Resume

Scores Required

7.0 / 9

Avg. Score in

IELTS

95 / 120

Avg. Score in

TOEFL

90

Application Fees

36

ECTS Credits


Ranking

202520242023202220212020201920182017

QS World University logo
Mathematics 26 out of 600 in Global Ranking
( #12 out of 89 in USA 2025)

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TOP Scholarships

Scholarship nameAward amountEligibility
Merit Based Scholarship$1,000-$10,000All Admitted Students



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Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Ritchie-Jennings Memorial Scholarship ProgramScholarship per student$ 10,000/Yr$10,000Level Of StudyBachelorTypeMerit-Based
R&D Systems ScholarshipScholarship per student$ 1,500/Yr$1,500Level Of StudyBachelorTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Innovation in Education Scholarship - La Tutors 123Scholarship per student$ 500/Yr$500Level Of StudyBachelorTypeMerit-Based
Florida International University ScholarshipsScholarship per student$ 24,000/Yr$24,000Level Of StudyBachelorTypeCollege-Specific
QS Connect Master’s ScholarshipScholarship per student$ 5,000/Yr$5,000Level Of StudyMasterTypeMerit-Based

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