Overview

Today's financial instruments require sophisticated mathematical techniques for their valuation. These techniques come from the fields of probability, statistics and differential equations.

Key Facts

To complete the Mathematics of Finance and Risk Management major at University of Michigan program each student should elect two additional intermediate or advanced courses related to Financial Mathematics. Some, but not all, of the courses numbered 300 and above offered by Accounting, Computer Science, Economics, Finance, Industrial and Operations Engineering, and Statistics are appropriate here.

Programme Structure

Courses include:

Risk Mgmt & Insurance

Retire Plns & Empl Benefits

Game Theory

Mathematical Models

Computational
Finance

Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2027-01-07 00:00:00
- Apply before 2026-10-01 00:00:00
Starting 2027-05-05 00:00:00
- Apply before 2027-02-01 00:00:00
Starting 2027-08-25 00:00:00
- Apply before 2027-02-01 00:00:00

Language

English

TOEFL^® IBT

100

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PTE Academic

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IELTS

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Credits

120 SCH

Delivered

On Campus

Campus Location

Ann Arbor, United States

Disciplines

Financial Mathematics Risk Management View 96 other Bachelors in Risk Management in United States

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

TOEFL^® IBT

100

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PTE Academic

Schedule a PTE test!

IELTS

Prepare for Your English Test

Cathoven AI IELTS Preparation

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AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Completed Common Application or Coalition Application with $75 application fee* payment (Please note that both application options include specific University of Michigan questions, and there is no advantage to submitting one over the other.)

High school transcript (additional requirements by country)

School Report (Common App) or Counselor Recommendation (Coalition App)*

One Teacher Evaluation (academic teacher)

SAT or ACT score

TOEFL, MELAB, or IELTS scores (for non-native speakers of English)

Official college transcripts (for high school students dual enrolled in a college or university; additional requirements by country)

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

63962 USD / year

≈ 63962 USD / year
Out-of-State

63962 USD / year

≈ 63962 USD / year
Domestic

Applies to you

In-State

18346 USD / year

≈ 18346 USD / year

Additional Details

Upper Division (Juniors/Seniors): Resident- $19,960/ Nonresident- $65,216

Living costs

Ann Arbor

United States

1025 - 1870 USD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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Scholarships Information

Below you will find Bachelor's scholarship opportunities for Mathematics of Finance and Risk Management.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

About

Overview

Key Facts

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Additional Details

Living costs

Ann Arbor

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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