About M-Phimac: the Master's in Financial Mathematics at McMaster
Banking and Investment are two fields that offer a wide range of exciting career opportunities to ambitious, quantitatively minded people. M-Phimac, the M.Sc. program in Financial Mathematics offered by the Mathematics and Statistics Department at McMaster University, is for the student who wants a fast track to a finance industry career in the areas of risk management, derivative securities analysis and portfolio design. With seven specialized grad courses in the first eight months, followed by an industrial project through the summer, you will be well prepared to go after one of many opportunities available in banking, insurance and the investment business.

What is it?

M-Phimac is an intensive M.Sc. program in Financial Mathematics that is completed within one year. Eight months of coursework emphasize the development of strong mathematical foundations, with the goal to understand the applications of mathematics to finance and investments. The summer industrial project will explore a topic of current interest with guidance from an industry professional and can be completed while working full time or as an intern.

Who is this for?

This program targets ambitious new and recent graduates in mathematics,  or related subjects such as statistics, physics, computer science, and  engineering, who are interested in a career in finance.  Successful  applicants will have a minimum B+ average across their level 3 and 4  undergraduate courses, or the equivalent standard from another university.   Beyond academic achievement, other key indicators of potential success in  the program are analytical expertise, excellent communication skills and  computer programming capability.