Master of Financial Mathematics (MFM)
An interdisciplinary financial-mathematics master combining statistics, derivatives and numerical modelling. Its 36-credit plan includes a required industry internship and specialist career-development teaching.
What you’ll study
Core
- Options and Derivatives Pricing
- Fundamentals of Statistical Inference I
- Stochastic Calculus for Finance
- Fundamentals of Statistical Inference II
- Monte Carlo Methods for Financial Mathematics
- Career Development for Quants
- Seminar in Financial Mathematics
- Internship in Financial Mathematics
Source: financialmath.sciences.ncsu.edu ↗
Before you apply
- Background
- Undergraduate degree; quantitative preparation preferred
- Maths
- Advanced calculus (preferred); Linear algebra (preferred); Probability and statistics (preferred)
- Tests
- GRE optional
- Other
- No admissions interview required
Source: catalog.ncsu.edu ↗
After graduation
The programme doesn’t publish an employment report.
QuantNet’s 2026 ranking reports 2025 full-time graduating cohort: 80% employed at graduation; 100% employed three months after graduation employment and a US$105,350 reported compensation figure for the 2025 full-time graduating cohort. The table labels this “Base salary”; the methodology defines average starting salary and sign-on bonus. Components are not reconciled by the source; this is not a median. starting salary. See the ranking ↗
Want to see what employers ask for? Browse open quant roles.
What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- North Carolina State University – Master in Financial Mathematics: student reviews (QuantNet)
- NCSU MFM Review (QuantNet)
- Incoming NCSU Financial Mathematics student seeking advice for quant internships in the US (Reddit)
- QuantNet programme profile and reviews: North Carolina State University — Master of Financial Mathematics (QuantNet)
The 36-credit programme includes a required industry internship; the department also offers a three-semester completion option.
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.