MS in Financial Mathematics (MS FM)
A two-year maths-department master's with a quantitative finance/financial engineering track and an actuarial track. The quant track combines financial mathematics and Monte Carlo methods with scientific programming and data science, plus approved electives.
What you’ll study
Core
- MAP 5601 Introduction to Financial Mathematics
- MAP 6621 Financial Engineering I
- MAP 5615 Monte Carlo Methods in Financial Mathematics
- MAT 5939r Financial Mathematics Proseminar
- ISC 5305 Scientific Programming
- STA 5326 or STA 6346 (distribution theory / advanced probability)
- CAP 5768 Introduction to Data Science
- Actuarial track: MAP 5601, MAP 5932 Financial Mathematics for Actuaries, Short-Term Actuarial Models I and II, MAP 5177 and 5178 Long-Term Actuarial Models I and II, STA 5325, STA 5207, STA 5856
Electives
- Five or six approved electives from mathematics, computer science, economics, finance and statistics
Source: mathematics.fsu.edu ↗
Before you apply
- Background
- Undergraduate mathematics background equivalent to a maths major; proof-based upper-division experience expected
- Maths
- Calculus I-III; differential equations; linear algebra; probability and statistics
- Programming
- Experience in a high-level language such as C++, Fortran, Python or Julia before the first semester
- Other
- CV; recommended: real analysis/advanced calculus, numerical analysis, finance or economics
Source: mathematics.fsu.edu ↗
After graduation
- Typical first roles
- Quants in industry and government, Actuaries, Academia
- Employers
- Southern Company (internship), Bloomberg (internship), CitiMortgage (internship), Bank of America (internship), Bell Trading (internship), Federal Home Loan Bank Atlanta (internship), Florida State Board of Administration (internship)
Source: mathematics.fsu.edu ↗
Want to see what employers ask for? Browse open quant roles.
33 letter-graded hours (11 courses) plus 2 S/U proseminar hours. M.S. students are normally self-funded; some tuition waivers sometimes available. The original URL math.fsu.edu/finmath redirects to the page above.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.