Admission Requirements

- Resume/CV (Please list your entire work history on your resume, including start and end dates, locations, and indicate if the position was full or part-time.) 
- Candidate Statement (Please discuss your academic and career objectives, why you want to attend the University of Chicago Financial Mathematics program, what you hope to do after completing the program. Your statement should not be more than 750 words.)
- 3 Letters of Recommendation (One letter should be from a professional reference.)
- Video Statement
- GRE General Test scores (only required of applicants who have recieved their Bachelor's degree in the past 3 years)
- Transcripts from all previous colleges and universities attended

The Financial Mathematics Program seeks candidates with strong math skills, relevant work experience, and basic computer programming skills. We admit driven individuals that come from diverse educational, social, and geographic backgrounds. Candidates should be able to demonstrate excellence in both academics and leadership.

All candidates should have a solid background in mathematics. The minimal math prerequisites are the successful completion of at least multivariable calculus, linear algebra, and probability.

Because our Program is accelerated, and because the coursework is dense and demanding, we cannot afford to be flexible about our math requirements. Those without adequate math skills will find it difficult to keep up with the fast pace of the Program.

Although many candidates without work experience are accepted, we strongly encourage those with relevant work experience to apply to the Program and to include this information in their applications. Candidates with industrial experience oftentimes find that they have an extra level of confidence in their decision to pursue a career in the financial industry. Although this is not as strict a requirement as the math skills, we do give this a fair amount of consideration.

In addition to academic mathematical training and work experience, candidates with basic computer programming skills, especially in C++ or other object-oriented languages, as well as experience in MATLAB, will have an advantage in the Program. All students are required to take a 400 units of Computing coursework within the FINM degree program. 

Round 1 Deadline: January 17, 2020
Round 2 Deadline: March 27, 2020

Deadlines are inclusive of applications and supplemental materials like letters of recommendation and verified test scores. Offers of admission will be sent on a rolling basis via email. There is no priority of admission given to Round 1 versus Round 2 applicants. We recommend non-US citizens apply in Round 1 to allow sufficient time for processing visa documentation.

Please do not submit GMAT scores, high school transcripts, thesis from master's or doctoral programs, or professional or academic publications, as we do not consider these materials during the admissions process. The GRE requirement is waived for applicants who received their Bachelor’s degree 3+ years ago.

Applicants are advised to self-report their GRE scores when they submit their online application. The departmental review committee will work with the self-reported scores while waiting for the official report from ETS. GRE scores are only valid if the exam was taken within five years of the application deadline.

The GRE Math Subject Test is not required, but applicants are welcome to use it to enhance their application.

GRE Institution Code: 1832
GRE Department Code: 0799
(If the Department Code 0799 does not appear as an option, please search for, and select, "Mathematical Science - Other")

The Financial Mathematics Program requires all foreign candidates to meet basic English language requirements by submitting either TOEFL or IELTS scores, except in the cases listed below. Exams must be taken within two years of the application deadline. Policy in the Physical Sciences Division requires a score of at least 90 on the TOEFL or 7 IELTS, unless other demonstrable evidence of English proficiency is available. The Financial Mathematics Program does not impose a fixed standard TOEFL or IELTS scores beyond that required by the Division, but generally prefers candidates with scores significantly higher than the minimum requirements.

Exception - English language requirements are waived for those who meet any one or more of the following conditions:

(a) are citizens or permanent residents of the United States
(b) are natives of, or have studied for at least one year within the past five years at a college or university in the United States, United Kingdom, Ireland, Australia, New Zealand, the Carribean countries of Antigua and Barbuda, Bahamas, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the grenadines, Trinidad and Tobago, Guyana or English medium universities in Canada or South Africa (those who studied in English in any other country must still submit the required test score). (Please note: Waivers only apply to those who have studied full time in one of the countries listed on the waiver list above.  Employment in an English-speaking country does not make you eligible for a waiver.)

TOEFL Institution Code: 1832
TOEFL Department Code: 72