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How to Apply

Admissions Timeline

The Quant Program only accepts applications for Fall admission.  The application for Fall 2019 is available now on Rackham Graduate School's website.


UPDATE: Due to feedback from applicants, the 2019 deadline has been extended to Monday, February 11 at 11:59:59 PM EST.


Mid-March through May 1, 2019: Admissions decisions issued on a rolling basis via email. Enrollment deposits in the amount of $5000 are due by the date indicated in applicant's admissions letter.


Application Materials

1. Rackham Online Application with fee. Some applicants may be eligible for an application fee waiver. More information is available on the Rackham Graduate School website. Please be sure to select the admissions application for the option you are applying to, either the Quantitative Finance and Risk Management or the Accelerated Master's Degree Program.

  • Statement of Purpose: The Statement of Purpose should be a concise, well-written essay about your mathematical background, your career goals, and how the Quantitative Finance and Risk Management program will help you meet your career and educational objectives.
  • Personal Statement: This is different from the Statement of Purpose in that we ask that you write about things not captured by the application or the Statement of Purpose. Tell us about where you grew up, when you first decided you wanted to study mathematics, what challenges you faced and how you overcame them in your pursuit of mathematics.

  • Resume: Upload your resume that describes your education, work experience, research experience, professional affiliations, volunteer activity and community engagement, honors and awards.

  • Three letters of recommendation: Register your recommenders for the electronic Letters of Recommendation system in the online application. 

2. Official GRE General scores: Request ETS to send official scores directly to the Rackham Graduate School at the University of Michigan. Applicants may submit multiple scores, but at least one score that meets the minimum must be received by the designated deadline in order for an applicant to be considered.

3. Official Transcripts: Submit official transcripts from all post secondary institutions are submitted to the University of Michigan Rackham Graduate School. Directions on what qualifies as an official transcript and how to submit official transcripts can be found here. 

 4. TOEFL or IELTS Scores (for non-native English speakers only): This requirement may be waived for some applicants depending on their educational background. Visit the Graduate School's website to determine whether you qualify for a waiver. For Quant Program applicants, your overall TOEFL core must be 95 or higher. Your overall IELTS score must be 7 or higher.

Applicants who do not meet the minimum requirements will not be considered. Applicants may submit multiple scores, but at least one score that meets the minimum must be received by the designated deadline in order for an applicant to be considered.

Additional Information and Important Items to Remember

Because of the processing time, the GRE and TOEFL or IELTS tests should be taken well in advance so that we will have received them by the application deadline. While there are no minimum acceptable GRE scores, a high standard is expected. No admission action will be taken without the official results.

Letters of recommendation play an especially crucial role in the admission process. Applicants should choose recommenders who know their strengths and weaknesses relevant to graduate study in Mathematics. The most useful letters are those which list in some detail the accomplishments of the student and make direct comparisons with other students who have succeeded at major U.S. graduate schools. Foreign students already in the U.S. should submit letters from their U.S. institution, whenever possible. Please register your recommenders for the electronic Letters of Recommendation when using the Online Application.

Those students who will have completed a Master's degree in Quantitative Finance will not be considered for admission.

Note: All credentials submitted for admission consideration become the property of the University of Michigan and will not be returned in original or copy form.

Additional Information: Please visit the admissions page of the Rackham Graduate School for additional information regarding admission including: Minimum graduate school requirements, residency, application fees and submitting transcripts.