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Quantitative Finance and Risk Management

The Department of Mathematics and the Department of Statistics jointly oversee an interdisciplinary Master of Science degree program in Quantitative Finance and Risk Management.

The program focuses intensely on advanced mathematical and statistical methods. Graduates will have sophisticated quantitative skills that will prepare them to apply their knowledge to the solution of real world financial problems as quantitative analysts, risk managers, traders, developers, and other roles in the financial industry.

Rigorous and Versatile Curriculum

Our curriculum gives Quant students a thorough foundation in mathematical and statistical methods, acquired through the completion of 4 sequences of intensive core courses taught by our distinguished faculty in the Mathematics and Statistics departments. Elective courses in economics, finance, engineering, math, and statistics allow students to tailor their education to match their interests and career aspirations. Students earn a total of 36 credits, typically over the course of just 3 terms. A detailed description of our unique curriculum can be found here.

Focus on Career Placement

The Quantitative Finance and Risk Management program is designed to produce superior mathematicians to work in the financial industry. In addition to completing our demanding coursework, Quant students are expected to gain hands-on industry experience by completing a summer internship between the second and third semesters. To assist in this, students have access to a wealth of career preparation resources and placement services provided by the University of Michigan Career Center and by Quant program staff, including individual consultations, workshops on resume preparation, employer information sessions and career fairs, and on-campus interviewing.

Students: Discover how we can help launch your career in the financial industry.

Employers: Find out how to meet our students.

Elite Community at a Global University

With yearly cohorts of approximately 30 students, our program is small, allowing students to form meaningful bonds with their classmates and faculty as they move through the curriculum together. These relationships enliven the graduate student experience and provide the foundation for the professional networks essential to longlasting career success. Meet your future classmates here.

 

Meanwhile, students benefit from the resources, experiences, and reputation of a world-class institution like the University of Michigan. Consistently ranked among the finest research universities in the world, drawing students from all 50 states and more than 114 countries, and boasting one of the largest alumni networks in the world, the University of Michigan is an excellent platform for Quant students to make professional connections that span the globe. Students experience all of this while living in the safe, friendly city of Ann Arbor --just a 4-hour drive or train ride from the financial hub of Chicago. Explore all the University has to offer.

Unique Opportunity for U-M Undergraduates

Current University of Michigan undergraduates majoring in Mathematics may be eligible for our Accelerated Master's Degree Program (AMDP) option. AMDP students can double-count up to 12 credits of their undergraduate courses to work toward their graduate program in order to earn a Master of Science degree with only one additional year of coursework. Check out the AMDP page to learn whether you qualify and how to apply.

Ready to take the next step?

Those interested in applying for the Quant program should review our admissions page (or the AMDP information for current U-M undergraduate Mathematics majors), and then apply to the Master's program using the Rackham Graduate School application. For questions, please see our list of FAQs, or send us an email at quantfinms@umich.edu.