Now accepting applicants for September 2018, the Master in Financial Mathematics program represents the next generation of M-Phimac, the professional coursework Master degree established at McMaster in 2007. Like its predecessor, the new M-Phimac offers motivated students an intensive one-year program that prepares them for the challenges of an exciting career in the finance, insurance and investment industries.
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About M-Phimac: the Master in Financial Mathematics at McMaster
Banking, insurance and investment are fields that offer a wide range of exciting career prospects to ambitious, quantitatively minded people. M-Phimac, the Master in Financial Mathematics program offered by the Mathematics and Statistics Department at McMaster University, is a fast track to a finance industry career in areas such as risk management, derivative securities analysis and portfolio design. With eight specialized grad courses in the first eight months, followed by a major industrial project through the summer, M-Phimac grads will be well prepared to go after one of many career opportunities available in banking, insurance and the investment business.
What is it?
M-Phimac is an intensive Master level program specializing in Financial Mathematics that is completed within one year. Eight months of coursework taught by recognized experts emphasize the development of both strong technical foundations and professional knowledge, with the goal to understand the applications of advanced mathematics to finance and investments. The major industrial project completed in the third term 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?
If you are an ambitious recent graduate in mathematics or a related subject such as statistics, physics, computer science, and engineering, interested in a career in finance, congratulations! M-Phimac is a smart choice for you. Successful applicants must 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 success in the program are determination, analytical expertise, excellent communication skills and computer programming competence.
What will you gain?
Students completing this program will have a competitive advantage in exciting careers in the expanding quantitative finance industry. Having mastered sophisticated mathematical techniques and gained a deep understanding of financial securities and their uses, our graduates have the confidence to face the challenging interview process that marks the entrance into the managerial level of the finance profession, whether it be as a financial modeler in a bank, a trading analyst in an investment firm, or a risk quant in insurance.