Tuition & Admissions

M.S. in Mathematical Finance Tuition

These are estimated figures for the total program cost. A detailed breakdown of the M.S. in Mathematical Finance tuition and fees is available by visiting Niner Central.  For information on qualifying as a resident of North Carolina for tuition purposes, visit the NC Residency Determination Service.

M.S. in Mathematical Finance Tuition Assistance

A limited number of Graduate Assistantships (GA) are available each year for Belk College graduate students. The department will consider all students admitted to the program. Assistantships are awarded based on merit, and are very limited. Other university assistantships may be available through Hire-A-Niner.

The M.S. in Mathematical Finance program has limited scholarship opportunities.  All students admitted to the program are considered for program level scholarships.  Program scholarships are awarded merit based. There may also be scholarship opportunities for many qualifying students. For specific questions, please contact the Belk College of Business Graduate Programs Office. 

Additional information on financial aid and student loans is available on Niner Central’s website.

M.S. in Mathematical Finance Admissions

All applicants seeking admission to the M.S. in Mathematical Finance program must fulfill the University’s general requirements for graduate admission at the Master’s level. Additional requirements for admission into the program include:

• Completed online application
  • Statement of purpose (essay)
  • Three letters of recommendation
  • Unofficial transcript(s) of all academic work attempted beyond high school (official transcripts will be required if admitted)
  • Official GRE or GMAT scores with emphasis placed on the quantitative portion
  • Resume 
• A bachelor’s degree from a regionally accredited college or university
• Overall undergraduate grade point average of at least a 3.0 (based on a 4.0 scale)
• Specific coursework equivalent to the following:
  • Principles of Microeconomics
  • Financial Management
  • Standard two-semester sequence in Calculus (Calculus I & II)
  • Matrices and Linear Algebra
  • At least one upper-level course in Probability and Statistics
  • Familiar with at least one programming language, most preferably Python 

International Admissions

In addition to all of the requirements listed above, students must submit an official TOEFL, IELTS or Duolingo score. 

• TOEFL: Minimum score of 83 internet-based is required 
• IELTS: Minimum overall band score of 6.5 is required
• Duolingo: Minimum overall score required is 115   

International applicants should refer to the International Admissions website for deadlines and additional admissions information. Non-native speakers of English, may, at the discretion of either the Graduate School or the Program Committee, be required to enroll in English as a Second Language (ESL) courses at the English Language Training Institute.

Early Entry Admissions

Eligibility Requirements

• Must be a current UNC Charlotte undergraduate student
• 3.2 cumulative undergraduate GPA
• At least 75 earned undergraduate hours
• Acceptable scores on the GRE or GMAT or approved test waiver
• Undergraduate math prerequisites in Calculus I & II, Matrices and Linear Algebra and Probability and Statistics

Application Requirements

• Completed online application
  • Resume
  • Statement of purpose
  • Three letters of recommendation
  • Transcript(s) of all academic work attempted beyond high school
  • Official GRE or GMAT scores or approved test waiver

Accelerated Master’s Program

Eligibility Requirements

• Minimum high school GPA of 3.75 (on a 4.0 scale)
• Minimum score of 1220 on SAT

For additional details on the Accelerated Master’s Programs, see the Degree Requirements and Academic Policies section of the Graduate Catalog and the Graduate Admissions website.

GMAT/GRE Waiver

The GMAT/GRE requirement may be waived for applicants who meet the following criteria:

• General Applicants: Minimum of 3 years of domestic work experience in Finance, Quantitative Analysis, Computer Science or other highly quantitative/analytical field with an undergraduate GPA of 3.0 or a minimum of 5 years of international work experience in Finance, Quantitative Analysis, Computer Science or other highly quantitative/analytical field with an undergraduate GPA of 3.0
• Early Entry Applicants: 3.2 (or above) undergraduate GPA, with grades of “A” or “B” in Economics, Math, Statistics and/or Finance courses
• Graduate Certificate in Applied Econometrics Certificate or M.S. in Economics students: Completion of a minimum of two courses with grades of “B” or above, and a graduate GPA of 3.0 (or higher).

All GMAT/GRE waivers are at the discretion of the M.S. in Mathematical Finance Graduate Program Committee. Meeting the minimum requirements to request a waiver does not mean an automatic waiver of the test, nor does it guarantee later acceptance into the program. If you have any questions about the waiver process, please contact Kimberly McLaurin.

Applying for a GMAT/GRE Waiver

To apply for the GMAT/GRE waiver, candidates will need to complete a two-part process:

1. Complete the GMAT/GRE Waiver form.
2. You will receive an email with instructions on how to submit your updated resume and all unofficial transcripts to our waiver review portal

Application Deadlines

The M.S. in Mathematical Finance program admits students throughout the year on a rolling basis. Final application deadlines are:

The application process is managed by the UNC Charlotte Graduate School. Applications will continue to be reviewed on an ongoing basis as space permits. Enrollment is limited, so students are encouraged to apply early.