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Our degree program, "MSMF", integrates theoretical foundations with practical applications to quantitative finance. Core courses are offered by the departments of Mathematics, Statistics, and Electrical and Computer Engineering; electives are offered by these departments, the Business School, and the departments of Computer Science, Economics, Systems Engineering, and Operations Research.

What is Mathematical Finance?

Excellent descriptions of mathematical finance and the careers and opportunities available to students are provided by the International Association of Financial Engineers and the Courant Institute for Mathematical Sciences.For more technical information about quantitative finance and risk management, visit the websites of Global Derivatives, the Global Association of Risk Professionals, and Willmott.


We prepare our graduates for rewarding careers in investment banks, hedge funds, asset management companies, financial software and data companies, and insurance companies, with roles in financial modeling and software development, model, market, credit, and operational risk management, asset valuation, trading desk support, trading, and portfolio management.

To see the latest MSMF placement information, please review the MSMF Career Employment announcement in our News.

The following books and articles provide further insight into the history and development of mathematical finance in academia and industry, as well as the developing role of graduate degrees in mathematical finance:

Applicant Information

We encourage you to apply for admission well before the deadline. Applicants and prospective students are invited to attend one of our upcoming web conference application information sessions (please contact us for upcoming dates) or to meet the Acting Director, Dan Ocone, during weekly office hours at the New Brunswick campus.

News & Announcements

The MSMF Program is now Accepting Applications for the Fall 2017 Semester

The Deadline for International Applicants is February 15, 2017; Deadline for US Applicants is March 31, 2017. Please see the Admissions tab for further details. 

Geometric Analysis Conference

The Geometric Analysis Conference will take place Thursday-Friday, October 27-28, 2016.  Please visit the Conference Website for more information.

Student Orientation Program

The departmental orientation will begin with breakfast  In the Hill Center 7th Floor Lounge (Hill 703) and will be followed with events in Hill 124.  Lunch will be served In Hill 703 from 12:15-1:15 followed by student photos and then back to Hill 124 for remainder of events.  

Upcoming Events

Tue Jan 24 @11:45AM - 12:45PM
An Interactive Agent-Based Model
Thu Feb 02 @11:00AM - 04:00PM
Spring Career & Internship Mega Fair 2017
Fri Feb 03 @11:00AM - 04:00PM
Spring Career & Internship Mega Fair 2017
Tue Feb 07 @11:45AM - 12:45PM
Infinite sums of the geometric Brownian motion and generalizations
Tue Feb 07 @ 2:00PM - 04:00PM
Garrett Asset Management

Past Events

Wed Nov 30 @ 2:00PM - 04:00PM
Shufro, Rose & Co., LLC's - CANCELLED
Fri Dec 02 @12:00PM - 01:30PM
Mathematical Finance Program Admissions Open House
Tue Dec 06 @11:45AM - 12:45PM
Managing counterparty credit risk via backward SDEs
Tue Dec 13 @11:45AM - 12:45PM
Risk-Averse Control of Markov Systems
Tue Jan 17 @ 2:00PM - 04:00PM
Kemnay Advisory Services

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Contact Us


Mathematical Finance Master's Program

Department of Mathematics, Hill 348
Hill Center for Mathematical Sciences
Rutgers, The State University of New Jersey
110 Frelinghuysen Road
Piscataway, NJ 08854-8019

Email: finmath (at)
Phone: +1.848.445.3920
Fax: +1.732.445.5530