This program teaches applied mathematics and its applications in the financial industry. Students learn the theoretical background for pricing derivatives and for managing assets, but also attain a real understanding of the underlying assumptions and an ability to critically ascertain the applicability and limitations of the various models. Courses are taught by faculty of the University of Chicago and by professionals from the financial industry. Entering students should have mathematical knowledge and ability comparable to an undergraduate degree in mathematics or a physical science. Some exposure to the financial industry is desirable.
Graduates find work in all areas of the financial industry.