Joint BX/MS Program

Undergraduate students enrolled at the University of Chicago may apply to complete an MS in Financial Mathematics along with their BA/BS degree in a cumulative total of 4 or 5 years

Please contact Eliza Higbee at for questions about the BXMS program.

Application Requirements
Application Deadlines
BX/MS Degree Requirements
Course Guidelines
Course Planning

Application Requirements

All applicants must meet standard pre-requisites and admission requirements for the MSFM program, including successful completion of at least multivariable calculus, linear algebra, and probability.

Application Deadlines

Joint in 4 Years

Undergraduate students who will complete all general education requirements, and all but three or fewer of their BX requirements by the start of their 4th year can complete the joint BX/MSFM in 4 years.  On this path, students begin predominantly taking MSFM courses at the start of their 4th year.  Applications are due by Week 4 of the Spring Quarter of the student's 3rd year, with decisions expected by the end of week 6 of Spring Quarter. 

Joint in 5 Years

College students who enter their 4th year with four or more BX requirements remaining may benefit from the 5th-year option. On this path, students begin predominantly taking MSFM courses in Winter or Spring quarter of their 4th year.  Application deadlines are as follows.

-Predominantly taking MSFM courses Winter Quarter of 4th year:
Applications are due by Week 4 of the Autumn Quarter of the student's 4th year, with decisions expected by the end of week 6 of Autumn Quarter. 

-Predominantly taking MSFM courses Spring Quarter of 4th year:
Applications are due by Week 4 of the Winter Quarter of the student's 4th year, with decisions expected by the end of week 6 of Winter Quarter. 

BX/MS Degree Requirement

Students in the joint program are required to successfully complete 1250 units, following the standard curriculum requirements for the MSFM, toward which up to 350 units total of MSFM and approved 200-level courses taken prior to the quarter of matriculation into the Bx/MS program may count towards the MSFM elective requirements, following the course guidelines below.

Course Guidelines

Given the interdisciplinary nature of quantitative finance and the MSFM, there are a variety of College courses that may be counted towards the MSFM.  This list is not all-inclusive and is meant to serve as a guide to prospective students, college advisors, and the MSFM program administrator.  Additional courses will be considered, with petition to the MSFM Program Director.  Petitions should be coordinated through the MSFM program administrator.

The following courses automatically count towards the MSFM:

BUSN 20820 Financial Econometrics
BUSN 35126 Quantitative Portfolio Management 
CMSC 25025 Machine Learning and Large-Scale Data Analysis
CMSC 25300 Mathematical Foundations of Machine Learning CMSC 25700 Natural Language Processing
ECMA 31210 Time Series Analysis for Macroeconomics and Finance STAT 22400 Applied Regression Analysis                STAT 24300 Numerical Linear Algebra
STAT 24310 Numerical Linear Algebra: An Introduction to Computation
STAT 24410 Statistical Theory and Methods STAT 24510 Statistical Theory and Methods IIa STAT 24620 Multivariate Statistical Analysis: Applications and Techniques STAT 25300 Introduction to Probability Models STAT 26100 Time-Dependent Data  STAT 27400 Nonparametric Inference STAT 27850 Multiple Testing, Modern Inference, and Replicability

*A maximum of 100 units from each of BUSN, CMSC, and ECMA/ECON may count towards the MSFM degree.

Additional 300+ level courses, as well as 200+ courses crosslisted with a 300+ level number, from any department on the topics of Machine Learning, Data Science, Scientific Computing, Statistical Estimation, Numerical Methods, and Stochastic Processes, subject to MSFM Program Director approval.

Course Planning

Students accepted into the joint program should closely work with their college advisors and submit their course plans for the 350 pre-matriculation units they plan to count to the MSFM program advisor at least one week prior to the course registration deadline for their matriculating quarter.  Students will also map the remaining MSFM units/course plan with the MSFM administrator at that time.

Any changes to the initial course plan must be communicated immediately in writing to the MSFM administrator.