Accelerated Mathematical Finance Master's Degree Planning for Rutgers Undergraduate Students
The accelerated degree program for the Master of Science (MS) in
Mathematics with Option in Mathematical Finance is intended for
students who wish to earn the MS degree, following their
undergraduate degree, with minimum additional time and expense. With
careful planning, best begun during the sophomore year, a full-time
student can complete an undergraduate degree in four years and the
MS in just one academic year (two regular semesters or 9 months).
This information page is provided to help Rutgers undergraduate
students plan their coursework to ensure they will satisfy our
and can take advantage of the accelerated MS program. Students with any
undergraduate major can
The master's degree requirements
are completion of 30 credits (10 three-credit
graduate courses) from a menu of courses and a master's essay. The
accelerated degree program allows students to count towards the MS
degree up to 12 credits of graduate coursework taken while an
undergraduate, provided they were in excess of requirements for the
undergraduate degree. A full-time graduate student can complete the
remaining credits in one year (two regular semesters); a part-time
student is allowed to take up to three years to complete the MS
degree. The accelerated MS degree program allows significant cost savings:
for the Mathematical Finance Option is higher than undergraduate tuition rates and 45%
higher than the standard Graduate School-New Brunswick rate.
- Up to 12 excess credits can be transferred from the undergraduate
- Some corporations, as part of their employee benefits package, contribute towards
graduate student tuition.
- Summer school
tuition rates are discounted from regular
undergraduate tuition rates.
A student who would like to obtain the MS
degree under the accelerated program should:
- During the sophomore year, meet the Mathematics
Undergraduate Vice Chair or Mathematics
Head Advisor and ensure
- During the senior year, take at least two (but most four) of the seven
courses: Mathematics 621-622, Mathematics 573-574, Statistics 563-565, or 583. Students may consult the Mathematical
Finance Program Director for advice on course selection. Special permission is needed to register for graduate courses.
- Schedule a GRE General
Test in time for ETS to send results to Rutgers before the application deadline.
- Submit an application
well in advance of the deadline
for Fall admission for the Mathematical Finance Option.
These guidelines are designed for students who plan to complete their
undergraduate degree in four years and their master's degree in one
additional year. We advise students to begin planning early, before
the end of their sophomore year if possible. However, interested
students are welcome at any time to seek the advice of the
- Mathematical Finance Master's Program Director (finmath (at) rci.rutgers.edu),
- Mathematics Undergraduate Vice Chair (ugvc (at) math.rutgers.edu), or
- Mathematics Head Advisor (advisor (at) math.rutgers.edu).
Students are encouraged to use Summer school, especially following the
junior and senior years, to ensure their courses are completed on
schedule. The Departments of Mathematics and Statistics offer most of
the advanced prerequisite undergraduate courses during the Summer
semesters, and some graduate courses (for example, Statistics
16:960:563 and 16:960:583). Summer school tuition rates are discounted
from regular undergraduate tuition rates and some courses are offered
during the evening.