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Transfer Credit, Dual Credit, and Course Waivers

Students seeking to transfer a course from another university, have a course credited to more than one Rutgers degree program, or waive a course requirement should read the following information carefully.

Transfer Credit

A Mathematical Finance master's degree student can apply to transfer up to 12 credits for graduate courses completed at another university, with a grade of B or better, provided they replace equivalent courses in the Mathematical Finance program, and credit for such courses was not used to earn a previous undergraduate degree. Acceptance for credit towards the Mathematical Finance degree is subject to approval by the Mathematical Finance Program Director and is not automatic.

Please complete the Graduate School-New Brunswick Transfer Credit Form (pdf) and consult their general rules for transfer of credit, as well as the rules for transfer of credit for doctoral candidates for full details.

Students may request that courses they wish to transfer be evaluated by the Mathematical Finance Program Director after they have registered for at least one course in our program by submitting the following to the Mathematical Finance Program Administrative Assistant:

  • A completed Transfer Credit Form with
  • A detailed syllabus and primary textbook information for each course to be evaluated.
It is not necessary to wait until 12 credits have been completed in our program before requesting a transfer credit evaluation.

Dual Credit

A student who has completed Mathematical Finance program courses at Rutgers while a candidate for a second Rutgers graduate degree or while a non-degree graduate student, may apply to count up to 12 credits for those graduate courses completed in the second degree program or as a non-degree student, with a grade B or higher, towards the Mathematical Finance degree. Acceptance is subject to approval by the Mathematical Finance Program Director and is not automatic and, in the case of courses completed while a non-degree student, only considered after the student has completed an additional 12 credits as a Mathematical Finance degree candidate.

The 12-Credit Limit

Completion of the Mathematical Finance degree will require at least 18 additional credits beyond an overall limit of 12 credits, applied to courses completed at Rutgers in a second graduate degree program or as a non-degree graduate student or accepted for transfer credit from another university.

Course Waivers

If a student has taken more than 12 credits worth of courses in the Mathematical Finance degree program prior to beginning the program while registered as a Mathematical Finance (16643) student, then he or she should complete extra electives to bring the total number of additional credits to 18 and request the applicable 12 credits completed with the highest grades be counted towards the Mathematical Finance degree. The requirement to retake Mathematical Finance program mandatory courses in excess of the 12 credit limit is waived provided the student received a B or higher for those courses.

Example: An applicant will have completed Math 573 & 621, Stat 563, 583 & 565 (a total of 15 credits, all with grade A except for a B in in Stat 583) prior to registering as a Mathematical Finance (16643) degree student. Then he or she will still need to complete 6 mandatory credits, Math 574 & 622, and 12 elective credits (for example, ECE 503, Math 623, and two other 3-credit electives) and request that the 12 completed credits with highest grades be counted towards the Mathematical Finance degree (Math 573 & 621, Stat 563 & 565 in this example). The requirement to retake Stat 583 is waived, as that grade is at least B.