The difficulty of applying for a master's degree in financial mathematics at the University of Chicago, USA
Answer: it is very difficult. There are certain requirements not only for scores, but also for the background and experience of applicants. Details are as follows:
1. Background requirements:
The course of financial mathematics seeks candidates with strong mathematical ability, relevant work experience and basic computer programming skills. We recognize enterprising individuals from different educational, social and geographical backgrounds. Candidates should be able to demonstrate excellent academic and leadership skills. All candidates should have a solid background in mathematics. The minimum mathematical premise is to successfully complete at least multivariable calculus, linear algebra and probability. Because of the intensive and demanding courses, it will be difficult for those who don't have enough math skills to keep up with the fast pace of the plan. Therefore, it is suggested that applicants should have a certain mathematical background.
2. Work experience:
In addition to academic mathematics training and work experience, candidates with basic computer programming skills (especially C++ or other object-oriented languages) and Python experience will have an advantage in this project. In the FINM degree course, all students must study 400 units of computer courses.
Although the Master of Financial Mathematics at the University of Chicago has accepted many candidates with no work experience, people with relevant work experience are strongly encouraged to apply for this project and include this information in their applications. Candidates with industry experience usually find that they are more confident in their decision to develop in the financial industry. Although this is not as strict as math skills, the school does give considerable consideration to such students.
3. English requirements:
The Master of Financial Mathematics at the University of Chicago requires all candidates to submit TOEFL or IELTS scores to meet the basic English language requirements, and the examination must be conducted within two years after the application deadline. The course of financial mathematics does not stipulate a fixed standard TOEFL or IELTS score beyond the requirements of the department, but usually tends to candidates whose scores are significantly higher than the minimum requirements. In order to meet the requirements of competency certification, students can submit:
English as a Foreign Language Test (TOEFL), Online Test (iBT) or International English Language Testing System (IELTS) Academic-Note: Applicants must take the IELTS academic reading/writing test instead of the general training reading/writing test.
Note: Except TOEFL or IELTS, we do not accept any other competency tests, exams, equivalent course assignments, certificates/certificates, teacher recognition and/or other measurement standards.
4. Standardization achievements:
Any applicant applying for a master's degree in financial mathematics at the University of Chicago does not need GRE. But colleges and universities welcome applicants to use GRE scores to improve their applications.